Transfer 5/26/ for 5/27/04

[tsptalk]

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Rolo wrote:

So how much of a run-up by, say, Jun 2, would you consider to be "too much, too fast" and sell?

This may be too optimistic, but we should find resistance at the 1135 and 1150 area on the S&P 500. And actually, the strongaverages run through the first 5 trading days of June. I'll post June's chart when I get home later.

 

[Rolo]

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tsptalk wrote:

I'm actually rooting for some selling today. A nice 50 point drop in the Dow would be healthy for the overbought condition. Then the rally can resume tomorrow when I'm more fully invested.

/me chuckles.

So how much of a run-up by, say, Jun 2, would you consider to be "too much, too fast" and sell?

A lot of strong companies on my watchlist (and portfolio)are taking off very rapidly, i.e. SCSS, RHAT, WBSN and have put daily stop limits on them to sell on a huge jump.

 

[tsptalk]

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I'm actually rooting for some selling today. A nice 50 point drop in the Dow would be healthy for the overbought condition. Then the rally can resume tomorrow when I'm more fully invested.

 

[tsptalk]

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I think C and S will do better. Just a hunch because of the dollar which should rise after coming down for about 2 weeks.

Haven't seen you for a few days PR.

 

[puertorico]

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Tom just a comment

What ignoring th I fund ?

 

[tsptalk]

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That end of May / beginning of June data is just too complelling to ignore.I will move the 25% I have in the G fund into the S fund this morning. Thatleaves me35%C and 65%S. It will be effective Thursday morning (2nd to last trading day in May)...

Chart provided courtesy of [url]http://www.sentimentrader.com[/url]

The first five trading days in June are also all above average.