Wednesday, May 23, 2012

I did not bail.

Well I was out of Internet zone while riding today and even if was within the zone, I would have stayed in the Bond Fund. After a got back to the hotel and saw the afternoon rally that happened between 3 and 4pm, I might should have bailed. Still ended up for Bonds, but not by much. Stocks still looked confused to me so I will also stay out of the C and S for now. We are forming a bottom in the S&P500 and I believe we have to hold $1291 to $1292. If we close below that, panic once again I fear will surely follow. I think the Small Cap we need to hold $649. International Fund $47.68.

Same holds true for me in bonds, anything below $110.63 prior to noon tomorrow, and I will punch out if I’m in the Internet zone.

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