401 K update - made a move
DOw closed at 10,778 this afternoon. On Nov. 29th, I made my last move when the DOw closed at 10,888. Since the odds (76% historical ave.) favor next week as an up week ala Santa Rally, I moved the funds long again from ~cash. So, one to look at this move is that I have pocketed more than 100 pts, but my goal was to capture a bigger move. Let's see what happens over the next two weeks.
From prior post
Since some readings are saying that the mkt hasn't been this frothy in a bullish way since 2001, I figure it may be time for a sizable pull back. My 401 K trades, as most of you know, are tied to extreme overbought/oversold conditions. So far, this system has worked pretty well although there could be improvements. Anyway, based upon this data, I moved a nice portion from MidCap to SA fund. Now, ideally, I would love to see a 2 or 300 pt pullback w/i next week. Then, I would turnaround and reverse course, but we'll have to see how this plays out for now. If she d/n pullback here, and moves on to Dow 11K, then I will likely move the rest of the equities to bonds or stable assets. |
