Wednesday, October 13, 2010 – I Fund Chart

[SgtWs]

“The fundamental problem we face is that we can only distribute and consume what is actually produced.” Leonid Breznev, Communist Party Congress, 1972.

Today I am reducing my holdings to 25% S and 25% C. The I Fund has an interesting chart. This is a 2 year chart. If you look at it objectively then you can see we are clearly at a major resistance point.



Good luck out there!

[RangerDave]

It's time to bust through Sarg. C and S Funds are at similar points. Futures so far have bumped the 1170 resistance and are at 1173. The spring is coiled, time to go higher!

[SgtWs]

I hope your right. That is why I am only going 50% G Fund. I wanted to keep some skin in the game.

I guess the concern here is whether or ot the election is already priced in? And once the election is over, what propells us higher? I know Intel beat eranings, ut that was on reduced guidance. The Fed is clearly trying to cause inflation over fear of delfation.

Just thinking out loud.

[Winner]

Pre-market: 57.28 +0.60 (1.06%)

[crondanet5]

You can always hit the Reset button. IF the market goes down despite the fed's handing the banks money to use algorhythmically, I can tell you from experience 100% G feels a lot better than 50% G. But if you're right then you wonder why you didn't stay fully invested. Me? I looked at the I, the S and the C and determined all 3 are way over priced and overdue a correction. So I'm taking a break. Good luck, and don't forget to reset!

[Winner]

You can always hit the Reset button. IF the market goes down despite the fed's handing the banks money to use algorhythmically, I can tell you from experience 100% G feels a lot better than 50% G. But if you're right then you wonder why you didn't stay fully invested. Me? I looked at the I, the S and the C and determined all 3 are way over priced and overdue a correction. So I'm taking a break. Good luck, and don't forget to reset!

If this is based on the real account, then don't forget to ask tsp official to reset your balance too.

[RangerDave]

Crondanet5,
I'm shooting for the "comeback kid reset" in a couple weeks!
I do have my finger on the out trigger if I see or smell a small correction though. It will be interesting to see how this week ends. I believe we just busted through decent resistance in all markets today. I'm betting we stay above it and move higher!

[crondanet5]

Perhaps your "Reset Fantasy" will change your thinking about how to increase the value of your real TSP Account. Worked for me!

[SgtWs]

"Reset" is not in my vocabulary..........I got burned this summer and so I must wear my bad decisions on my sleeve.......

RangerDave, I hope your right. We did have an awesome breakthrough today. I'm still 50% invested, so I will take what I can get. June and July beat me up so badly that I'm gun shy.........

[RangerDave]

I hear ya Sarg! I've been beat up this year also. Rode a couple corrections, MAY, that I didn't want to. Throwing out the stops this quarter, like all Fund Managers, to try and catch more gain. There is probably a small correction coming, when is always the question. I just don't think it is yet. Didn't like it when I saw the Prophet go into full protection mode this morning! I'm holding steady! Crondanet, I'm getting closer to that 100,000!!!

[Winner]

This may tell you something and this goes along with Gridlock too.

http://www.safehaven.com/article/18550/ ... for-stocks

[flight23]

Thanks for that article, interesting read. Take what the guy says with a grain of salt though, because like all financial "reporters" he just touts his correct calls but looking back to his previous article he called for a significant correction from Sept 21-Oct 8, didnt see that mentioned in the latest article.

http://www.safehaven.com/article/18177/ ... e-breather

[flight23]

10-15 .... Looks like market is starting higher again today, someone please explain the madness! Up 13% since August.

News is mixed at best but I guess the presence of lots of acquisition news, early good earnings reports, and Fed looking to continue easing is all pushing us higher. When is the pullback, or are we only part way up this climb?!?

Gotta say Im lost at this point.

[SgtWs]

The uncertainty is mystifying..........I guess the thing that really concerns me here is there is risk and uncertainty, and currently in the economy we are really dealing with a ton of uncertainty, because we don't have a clue what all this QE2 will do?! If we did, it would be a risk, but since we are clueless, it is uncertainty. I think volatility will return, and i think this run will officially end at,near, or shortly after this election.

Sooner or later people have to look at the fundamentals which clearly show this economy is not getting any better. Deflation is a huge concern rght now, and quite frankly i believe there is little the Fed can do if it goes that route.

All I can say is watch the charts and try to react accordinly........