Saturday, January 24, 2009 4:14:10 PM
Plan to go long I Fund on 26 Jan 09 if EFA is trading North of 39.45 around noon. If that happens, I Fund will be trading higher than last Tuesday's close, trading above the 5-day price EMA, and the short-term down trend line will be broken to the up side.
FWIW, the $USD seems to be coming into a resistance area. If that's correct, a rollover in the dollar will be a boost to I Fund. See the Slow Stochastics on the below $USD chart to see price momentum starting to top out.
If the above signal occurs, plan on shorting the 2x short EAFE Index ETF--EFU with my "mad money."
FWIW, the $USD seems to be coming into a resistance area. If that's correct, a rollover in the dollar will be a boost to I Fund. See the Slow Stochastics on the below $USD chart to see price momentum starting to top out.
If the above signal occurs, plan on shorting the 2x short EAFE Index ETF--EFU with my "mad money."
Regards,
frenchee #board-4258 TSP Trend Timing: EFA (I), AGG (F), SPY (C), and VXF (S)
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