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Strategies & Market Trends : Peabody Coal vanguard retirement forum

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From: MACD X9/21/2008 4:22:37 PM
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09 22 08 Keep a close eye on this site.

stockcharts.com[s116042249]&disp=O

The 2 500 point down days in a row is a perfect example of capitulation, a point when traders have thrown out the baby with the bath water,

This also marks reversal points in the market and is one of the signs that I have been looking for before recommending a change in funds.

But as you look at the fund that are available to use that are on the link above you will see that in nearly every case none of them are trading above the blue line and most havent made a price high that is above the previous weeks high.

So I am cautious, on the other hand the bond fund got hammered last week and is in trouble, I may consider changing funds this week because of the weekness of the bond fund last week.

So I guess the suggestion is to remain in the bond fund until what time that it looks like some are crossing the blue line. At this time the RIETS fund on page 3 , the the emerging market fund looks the best at this point. But I will wait to make the call later this week when we can see some follow thru.

Stay tuned
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