10 26 08 remain in the vanguard recommended fund
stockcharts.com
I have worked on the charts on the link above and have put channel lines in where I think they should be. This is part of the reason that I wanted to enter the market at this time.
I believe and realize that the market and funds move in channels and if that is the case we should be close to the bottom of the channel. You can see this on most of the funds.
Also on the charts I have added support and resistance lines, and in most cases the charts show that we are close to support lines and bottom of channel lines.
This is all technical mumbo jumbo but is some thing that I look at.
In reality none has change we are still in a down trend with the red lines on the charts over the blue line, I have went over this many times and nothing has changed.
Entering in a bear market is risky buisness as you may well now realize, this is because the market is falling, but the good news is that we have been out of the way for most of it.
Do realize that if could and may go down further, much further in fact, so be prepared.
If the bottom is not in, I feel like that it is, we may loose a few points before it goes up.
All the signs to enter are here, the news is loaded with market crash news, people are scared and wanting out, this is the exact moment that you want to enter.
Set tight and watch as the market does what it does, takes money from the poor working men and woman and gives it to the rich, sad but it is true and legal.
Dont worry, markets dont go straight up or down, and we have been going down about the right amount of time to go up for a while.
I still feel we are in a good position. |
