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Re: grow post# 2561

Friday, 09/05/2008 12:47:37 AM

Friday, September 05, 2008 12:47:37 AM

Post# of 7978
And you guys will be happy to know that IBD finally changed its market outlook back to "market in correction" today. wink

It has been "rally under pressure" for the past couple of weeks. But the repetitive distribution days finally did it in. And although they are "late" calling the change of direction, I have to say that from a long term perspective, they did it about as well as could be done. Heck, even yesterday, several of the indexes had held at their 50sma's. All gone today.

Trading acct has been mostly in cash for two weeks, locked in @ +43% ytd, 5% under my high set a month ago.

Except for a 10% position in long shot PIAGF, my rollover is also in cash since last Wed-Thur when the positions stopped out. It's up +7.5% for the year.

Wish I could say the same for my 401k. It took big hits the past week and is back to breakeven for the year. Grrr...

This kind of return in my retirement accounts ain't gonna cut it.

But given what the market has done this year, I guess I should be happy. Yay.




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