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Strategies & Market Trends : Peabody Coal vanguard retirement forum

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From: MACD X5/10/2008 5:24:09 PM
   of 75
 
05 11 08 Remain in the bond fund

stockcharts.com[s116041875]&disp=O

above is the chart of all the funds available to us at Peabody,

We are now at a point where the market should start falling to continue the bear market that I believe that it is in.

Notice that on many of the charts thier are red down channels that were put on these charts many weeks ago, price in almost all cases are at the top of these channels and is where short term players will likely start selling.

The market may pick up steam in the coming weeks as the market may continue is move down is speed and severity.

This is the time that it should happen if it is to happen so the risk of being in the market at this time is large.

The bond fund continues to be the only fund in a bullish mode with the 50day moving average over the 200 day moving average.

According to time cycles that I follow the market may continue down for as long as 2010.

This is following the 4 year time cycle and the next one due is 2010.

2002 was the last major bottom, 2006 was the last short term bottom that actually turned out to be a side ways bottom, 2010 will likely be a significant bottom.
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