Tspgo_com Account Talk

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Anybody following a low risk strategy should seriously consider getting out of stocks tomorrow (09-07-05). Today move appears to be a fake breakout. The S&P seems to be heading down again.

Good luck.

TSPGO!
 
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tspgo wrote:
Anybody following a low risk strategy should seriously consider getting out of stocks tomorrow


I took profits and went 80% cash at the close today...... Still 20% C S I for one more day..... I'm definitely in the low risk category for sure.....

The market got to close to 1245 for me on low volume today......
 
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Well, the S&P 500 is back to nobody's land (1227). Most likely it is going down to test the 1217-1222 area. If the 1222 support holds (which I seriously doubt it) it would go back up. For the time being, it would be a good idea to stay out and watch. If 1217-1222 does not hold it is going to be bad. To keep what you got it might be a good idea to get out for a few days. The S&P 500 150 minutes chart looks too ugly (sorry I can't post it. I am having problems posting graphs here). It seems there is nothing on its way to stop it before it hits the 1200.

Good luck to all.

TSPGO!
 
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I saw at your home site that you are going to sell out of the I fund for tomorrow. I know following the 5-10 rule, things kind of go on automatic and ittakes the emotion out of it. But there is a good chance the I fund will be up big tomorrow with the Japan market startingbig and in the morning the european markets can be checked. If there is a good chance the I fund will be up, do you ever use your experience and stay put?http://finance.yahoo.com/q?s=%5EN300
 
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vectorman wrote:
I saw at your home site that you are going to sell out of the I fund for tomorrow. I know following the 5-10 rule, things kind of go on automatic and ittakes the emotion out of it. But there is a good chance the I fund will be up big tomorrow with the Japan market startingbig and in the morning the european markets can be checked. If there is a good chance the I fund will be up, do you ever use your experience and stay put?http://finance.yahoo.com/q?s=%5EN300
You are right. It is kind of go on automatic and it takes the emotion out of it. If the I-Fund goes up big today, we would be selling high. I am committed to stick tothe 5-5-5-10 Rule today more than ever because all indicators are pointingfor the S&Pto go down to 1197 - 1175 in the near future. We might see a bounce back to 1227 area before the trip down but the bounce will be brief. My feeling (experience) tells me to get out and sit on my hands and do nothing. When S&P goes down the C and S funds go with it andevetually it drags the I with it. But whatever the future holds (even when my gut feelings are wrong) the 5-5-10 Rule keeps you on the right side of the market.
 
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