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Strategies & Market Trends : Peabody Coal vanguard retirement forum

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From: MACD X12/14/2007 6:39:55 PM
   of 75
 
12 14 07 NO change, remain in the bond fund

stockcharts.com

above is a lay out of what a double top is. If you look at the many charts of the funds available to us you will notice that double tops could be forming on many of them.

There are no confirmation yet, but I suspect that may be what is in store for these charts.

Below is the funds that are available, I have changed some marks on the charts a little.

stockcharts.com

If we are in a new down trend the charts should follow the red lines down, this is called a channel and price may well follow this channel if they are going down.

stockcharts.com

The blue line on the charts is where the measured objective of the double tops come into play and any decline may stop and reverse at these blue lines.

This is all speculation but will be fun to watch.

Anyway there are 11 charts that are black meaning the are in bearish mode with the red line over the blue line and price testing this lines from below,

Stay away from these funds as they are bearish at this time.

There are 4 funds that are not in bearish mode and are still bullish. I perfer not to enter this at this time because they are the strong funds

But with the majority falling and showing bearish signals I perfer to watch from the side lines and remain in the bond fund.

We are about to the point where traders will realize that a down trend is started and it is for real, when this happens the down fall will speed up and get more severe.

And if it isnt a real down trend price should at some point start breaking out of the red channel lines that I have added to the charts.

This will be a time that we may want to re=enter, but for now I am very confortable watching from the safety of the bond fund.
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