Replies to post #3684 on Thrift Savings Plan

[coolhand]

The Fearless Forecasters have been leaning bullish the last few trading days, which is typically a good sign in the short term. The Seven Sentinels is still on an IT sell though.

I think the financial sector is the market segment that needs to be watched. When it finally turns, the market should turn with it. No guess on when that may happen, although the extreme oversold condition suggests we see more upside. Bearish levels were high yesterday and no doubt investor angst continues to be elevated.

Still waiting for my daily sentiment read.

[frenchee]

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."