Transfer 5/26/ for 5/27/04

[tsptalk]

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The uptrend was broken so... it's possible the longer term downtrend may resume.

Remember I had mentioned that Warren Buffett thoughtthe dollar going to go down, and I didn't believe it. I guess that's why he's a multi-billionaire and I'm a lowly multi-thousandaire.

 

[Rolo]

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haha...Yeah, it's hard to argue with a multi-billionaire about the market.

I am going to wait to see if it changes course or resumes falling, as well as keep an eye out for commentary on it. Then, I will weigh that against our rally, as in, if it is just another futile attempt or for real. Then there are interest rates....

 

[puertorico]

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http://www.advfn.com/p.php?pid=forex


Tom I see the chart today

Euro/us dollar

The chart is down 1.2226

So,that means dollar isup and I-fund not benefic in the trade ?

I'm doing my home-work

 

[tsptalk]

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puertorico wrote:

Tom I see the chart today

Euro/us dollar

The chart is down 1.2226

So,that means dollar isup and I-fund not benefic in the trade ?

Yeah, the pound andeuro are up vs. the dollar. When the dollar is down, the I fund usually does better than the EAFE index.

 

[Guest]

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I am now 65% G, 10% C, 10% S, and 15% I (gotta keep some I fund...ha). Hope to catch some opportunities to jump back in on the downward trip





I think I'm ready to further take more cover in the G--basically looking to bail my 35% out of the equities. This will most likely be a very short term move, but I sense a lot uncetainty in the market. I didn't do this today, but may be Tomorrow or Friday. Tom I don't blame you for taking some more of the table, at least until there is some solid direction in the market. Nobody wants to get caught hoding the bag when the market is going sideways or dropping precipitously.

 

[tsptalk]

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retire rich wrote:

Tom I don't blame you for taking some more of the table, at least until there is some solid direction in the market. Nobody wants to get caught hoding the bag when the market is going sideways or dropping precipitously.

The resistance and the overbought condition was there so the writing was on the wall for a pullback. You just never know when though. This is all normal stuff though. I'm not too worried. Could be jitters before the morning jobs report.

I am hoping the S&P can hold the 1100-1105 area. That may be a place to start getting some back in.