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 Originally Posted by ananda77
Hoop:
- SPX 500 *1530 represents a 10% correction, if it comes to that - next 'long' accumulation point *1600
Why? - to cover potential upside with index trades since 50% Cash waiting to be invested - gross yields in Australia again touching 10% in selected financials (way to go), utilities, (my favourites) - yummy
Kind Regards
...well this strategy paid off well so far - index 'longs' feeding into the bottom line while 50 % cash waiting. The market may well be driving the SPX 500 up to the *1700/*1750/*1800 area, but the long term oversold state of the index remains a deep concern - as a consequence, risks are extremely high for a double digit correction, which will hurt hurt hurt if ignorant of the risk north of *1687.
Maintaining a Cash reserve and continue feeding the bottom line remains the favourite strategy
Kind Regards
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Well bugger me a 23+ point rise on the 500, a 180 point rise on the DOW, Risk on , good economic data, time to test the waste disposal with my fingers again.
Last edited by Joshuatree; 14-06-2013 at 08:38 AM.
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Originally Posted by Joshuatree
Well bugger me a 23+ point rise on the 500, a 180 point rise on the DOW, Risk on , good economic data, time to test the waste disposal with my fingers again.
Amazing..huh Joshuatree ?
Last night news was an Asian Rout spreading into Europe bourses....I woke up this morning expecting the worst for Wall St..........but it went up to 1636 (+1.46%) !!!!! Go figure!!!
The S&P500 steps back one pace from the cliffs edge...yet again!!!!!!!
.......boy o boy what a fight...this old bull is very strong...it just wants to continue upwards and doesn't seem to want a decent healthy correction either....its respected its MA50 touch and bounced up off it, for the second time.
Early days yet, and it's too early to generate mass investor confidence, but with each failure to technically break down, reinforces the strength of the Bull to be able to kick start another move upwards away from this critical correction trigger area. This bull behaviour may see buyer momentum increase as correction fears slowly fade.
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Poor Ben - dug himself a hole so deep he can't get out of it
Stop qe - a disaster for the rich
Continue qe - just delays the inevitable and makes it worse
So lets just muddle along - and hope
Last edited by winner69; 20-06-2013 at 07:24 AM.
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...will start buying smallish today for a start - CNU - WPL first candidates
...nice rout following a prolonged period of extreme high risk set-ups in the market
...as market wisdom goes:
managing risk not returns = key
Kind Regards
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...not really. Am just think *1530 for it to be over, if it comes to that
Kind Regards
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Originally Posted by ananda77
...not really. Am just think *1530 for it to be over, if it comes to that
...quite sure, with consistent bull bashing below *1630, the bears remain in control and will drive the index into medium term median price around *1530 - consistent with wearing off the extreme long term overbought situ on the index
...a successful *1530 defence will then re-ignite the super bull
Kind Regards
Last edited by ananda77; 03-07-2013 at 07:41 AM.
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.......Cashed up 3 weeks ago big time (the biggest cash up I've ever done..it took me about a week to get out
DB made a fortune in sell fees so they would've been over the moon with me.) ....got 85% of my portfolio as cash in the Trading Account now ....up from 3% cash....best thing I've done all year ..so far my portfolio has been saved from a 5% drop...I'll probably buy back the same shares I sold when the buy signals reappear.
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