I would suggest that no one bottom fish here with the C and S fund. As great as it would be to catch the bottom and ride it up, the risk to get pounded and set yourself back is extremely high. Wait for at least some confirming signal on the 30 minute, daily, or Weekly chart to dive in. Below you will find the 3 charts of the S&P 500 and seriously look at them as see if you see anything that points to stabilization or an uptrend. If your honest with yourself, you will see nothing but a hint of flatting out on the 30 minute chart.
The S-fund looks identical as the S&P 500 charts above. What doesn’t show on the above charts is the next major support point that I show for the S&P500 is $1043. That is another 7% loss and that is not worth risking.
The F-fund of bonds are starting to look over extended but I will run with it till it shows me a reason to bailout.
Be careful calling bottoms in the market.
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