Take a look at that monthly column and you might just choke a little bit. Ok, if your not out, you should be, but if your not you should not be all depressed because if you have been in the C and S-fund since January 1st, you still have a profit. Look at the year to date column. So you technically have not lost a dime, but it’s getting pretty damn close. So, if your in, draw a line in the sand and if the S&P500 gets to or goes through $1257.64, get out, because now real damage is being done. If the S-fund approaches or goes through $664.07, get out. Now if your in the I-fund, well you didn’t listen all last week or yesterday and now your in trouble.
Yesterday I scaled back my stock position and I’m willing to take a little chance on that recovery, but I will not ride it into the pits of hell. I have 20 in the C and the S, and if the levels above are not held I will bail to the G. I have no moves left for the month of March, but I can always retreat to G. I like my position for now in the F but I also know if that does not work out, I can always once again bail to G.
Today the S&P500, Small Cap, and all the other indexes open sharply down but by 10:10am they came marching back. All still had a loss but they all came marching back. Why is that important? Well someone and someone much bigger than you and I decided that things were way oversold, or to cheap and came into the market bargain hunting. Will it hold here? No one can predict that but it was a good sign. Take a look at the 10 minute chart of today’s action below and you will see that there was buying all day long.
There is a lot of ways to look at this market right now, it is oversold and things are cheap here so buy. The bottom is falling out and you should be in totally safety of the G or F. The news has got everyone scared and it is just all news driven market. Well there is one thing that you can see, so watch your charts and follow the trend. The trend right now is falling and there are no signs that it is going to stop anytime soon. When it does start going back up and all indexes agree, get back in and ride the wave. The last chart I show you will show you that we are going down and is nothing green anywhere. We are in a down trend.
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