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Strategies & Market Trends : Peabody Coal vanguard retirement forum

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From: MACD X9/29/2008 9:15:54 PM
   of 75
 
09 22 08 remain in the bond fund.

stockcharts.com

the market is trying to form a bottom that will launch the start of the next bull market. This is a process that may take a while and picking the exact bottom is not possible at least by me anyway.

When stocks get sold off enough that fear will reap the market and the baby will be thrown out with the bath water will be the time that the market will reverse.

This precess is currently happening now. Fear is entering the market. We should be getting close now to a tradable bottom that should last at least several month.

But the light at the end of the tunnel may turn out to be a freight train, so patients is warranted.

We need a signal, a cue , something to let use know its time. I feel that will be when some of the charts start breaking above the blue line that is on every chart.

Currently this is not the case, and although I dont like what is happening to the bond fund that we are currently in we have weathered the storm and I am in no hurry to catch a fallling knive here.

So stay tuned as the crash continues and we will try to get a suitable entry point.
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