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Strategies & Market Trends : Peabody Coal vanguard retirement forum
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From: MACD X7/28/2008 6:06:51 PM
   of 75
 
07 28 08 remain in the bond fund

stockcharts.com[s116042249]&disp=O

above is the list of stocks that are available to us. Nothing has changed from the weeks before. The price remains under the blue line on every chart.

This is what is common in a down market. For those that have just joined us let me go over what I am watching on the charts.

First on every chart that is on the link above the red line is over the blue line. These lines are moving average lines. Notice how the react to price in uptrends and downtrends. In up trends of the past the blue line will be over the red line and price will be above both of these. Being out of the market in times like this would not have been advised as the market continued upward.

Now what we have is the direct opposite of what we had in the uptrend of the past several years. We have the blue line under the red line on all the charts and price is below both of these, just opposite of what the uptrend was.

The whole purpose of following this system is that I will try to enter when the market is favorable. Currently this isnt the case.

The charts above are weekly charts, and they update daily, so they are active charts. You can look at them at any time of the week and the will be active, moving only after the close of the day.

Using weekly charts does one or two things, and that is it takes out some of the noise and excitment of the market. It is very down hearting to see the market go up 3% or 300 down points in one day and not be involved in it. But you must realize for the week the market may be down.

The largest one day moves in the market generally occurr in down markets. There are reasons for this that I could write many pages on but believe me. This is a bear market and it is going down slowly. It makes lower lows and lower highs.

Lower lows and lower highs is the definition of a bear market. Look at the charts on the link above and see if you can recognize the higher highs and the lower lows. You should clearly see that we are currently making lower lows and lower highs.

We have been in a down trend long enough now, and the sentiment is bad enough not [read the last update] that we should be reaching some kind of a tradeable situation.

I am waiting on the majority of the charts on the link above the at least cross the blue line.

So watch for yourselfs, watch the charts and notice when several of them start crossing the blue line, this will be the time to take a chance on getting back into the market.

The election may set off a rally and maybe the reverse. But if these charts start crossing the blue around election time I may change the recommendation at that time.
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