Thursday, June 15, 2006
Preparing for a strong rebound ...
Yesterday, I cashed out all my put warrents. The profit nearly balance my loss in mutual funds.
So far, the recent rebound keep the market within the long term rising channel. All medium term indicators showed over sold. The rally should have enough energy to extend. I switched my bond fund back to emerging markets and gold funds, hope to catch this rally. I am now about 2/3 loaded in the market. It have to be very caution when it get close to the previous high. May be I should cash out at least half of the emerging market fund when it get close to the previous top. If, in the worse case, this rebound turn out to be a second top, I would cash out everything on hand.
So far, the recent rebound keep the market within the long term rising channel. All medium term indicators showed over sold. The rally should have enough energy to extend. I switched my bond fund back to emerging markets and gold funds, hope to catch this rally. I am now about 2/3 loaded in the market. It have to be very caution when it get close to the previous high. May be I should cash out at least half of the emerging market fund when it get close to the previous top. If, in the worse case, this rebound turn out to be a second top, I would cash out everything on hand.
# posted by Lobo @ 8:06 PM 
