http://www.GilmoReport.com
Used with permission.
Scattered showers
Posted: 14 May 2012 09:45 AM PDT
When a market comes off deliberately and cannot stage much of a rebound, that says something. The lethargy seen over the past three sessions in the averages is unexpected. And it is the unexpected that is of interest.
One of the myths of this game is that it is important to "know" where price will be a week from now, a month from now, a year from now. For technically-based speculation such as the strategy discussed in these reports, all that is important is to know what the market has already done.
Since this is a trend-following strategy, prediction or personal opinion never factor into the game plan. For it is a matter of recognizing the direction and underlying strength of the averages, and then combining that with an understanding of who the leadership is, what the leadership is doing, and how the leadership is doing it.
The averages worsened last week and so did the leaders. This is all we need to know to play the game. Unless . . . . To continue reading, please click here.
Fund Prices2024-04-17
Fund | Price | Day | YTD |
G | $18.19 | 0.01% | 1.25% |
F | $18.68 | 0.50% | -2.85% |
C | $78.62 | -0.58% | 5.72% |
S | $76.27 | -0.89% | -1.07% |
I | $40.66 | -0.17% | 1.19% |
L2065 | $15.60 | -0.47% | 3.17% |
L2060 | $15.60 | -0.47% | 3.18% |
L2055 | $15.60 | -0.47% | 3.18% |
L2050 | $31.39 | -0.35% | 2.57% |
L2045 | $14.34 | -0.33% | 2.47% |
L2040 | $52.43 | -0.31% | 2.41% |
L2035 | $13.87 | -0.28% | 2.31% |
L2030 | $46.25 | -0.25% | 2.24% |
L2025 | $12.93 | -0.12% | 1.78% |
Linc | $25.29 | -0.09% | 1.55% |