June 02, 2010
– Comments (34)
update of the usual figure displaying the S&P 500 index (see this post).
Hey Port, glad you are still posting your little green curve, what are your thoughts on it?
#2 time to hop back inside that channel ...
... and seriously consider selling some stuff when the index reaches that upper grey line again, hehe ...
Would you wait to go long until it recaptures the lower gray line?
I like this new Rec feature, now I can rec you once a day, LOL!!!
#5 I have shifted some money into ATPG shares and call options (see here).
These are currently my largest portfolio positions (ordered by current value of the position, more positions are listed here).
EMC shares and call options (around 28% of the portfolio),ATPG - ATP Oil & Gas shares and call options (around 14%),DBK:GR (DB) - Deutsche Bank,DAI:GR (DAI) - Daimler,Indian equities fund,Mining fund,EURO STOXX 50 ETF,BAS:GR - BASF,Emerging Markets fund,HEN3:GR - Henkel,SIE:GR (SI) - Siemens,ALV:GR - Allianz,QIA:GR (QGEN) - Qiagen,AIXA:GR (AIXG) - Aixtron,ITMN - InterMune.
Hi Portef, thanks for keeping the chart updated. I am buying nothing until we retake the lower grey line and rise over the 200 dma on the major US indexes.
The motor won't stay running. The drift out of the channel is pushing us toward the rocks. Must be water in the gas, or is that oil in the water??
Hoping a summer rally starts now, Need to get above that bottom grey line.
I think I can....hiccup....I think I can....hiccup.....
Still too much water in the gasoline, but if we can get back into the channel then maybe we can get 4 months out of this next cycle.
The lower grey line is at around 676.53 * exp (0.9*t^0.37/15) ≈ 1123.31 for t = 320 (June 15, 2010, trading day 320 of the current rally. t = 0 corresponds to March 9, 2009.).
0.37 and 15 are the parameters I chose on June 23, 2009 (see here). 676.53 is the closeing value of the S&P 500 index on March 9, 2009. You get the green line if you replace 0.9 by 1 and the upper grey line if you replace it by 1.1.
Let's see it hop back in there in the next 5 minutes. : )
Need to now get above that 50 day MA now.
Sheesh Port, as I said, you are Mr. Chart happy;p I just want your original chart updates because we need to stay above the bottom grey line to keep the pattern going.
The lower grey line is at around 676.53 * exp (0.9 * 323^0.37 / 15) ≈ 1125.28 at June 18, 2010.
S&P 500 index vs. "S&P 500 index in EUR" (black).
The green line is at around 1191.50 and the grey lines are at around 1260.88 and 1125.94 at June 21, 2010.