Chart Patterns and TA

[gfp927z]

>> Ease in <<


Fwiw, the only stock allocation I have right now is a small position in the S+P 500 (SPY). A few weeks ago I decided to start easing back in with 1 share of SPY per day, and am now up to 8 shares, so around $3000. The idea was to keep buying 1 share/day for the rest of the year, and gradually re-build the stock side.

But the temptation will be to take profits during the periodic rallies, so will see what happens. It's now $125 in the green, which isn't much, but it's no fun watching profits evaporate, so will probably sell when this current rally starts to fizzle.

The obvious near term target for the S+P 500 is the 50 MA (4065), so another 4% rise from here. But I'll probably take profits around 4000 if it gets there. I figure the S+P 500 will eventually get down into the 3600-3000 range over the next year, and then the 'averaging back in' strategy can be done more earnestly, and hopefully as a buy/hold.




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