Houston 3

Tropo · 11-05-2008, 08:54 AM

Quote:

Originally Posted by handyandy

How about a diagram!!!!

Cheers

Sorry.... I can not attach any more charts as my limit expired...

PS - DaveJ's levels are quite close ....

Tropo · 11-05-2008, 09:54 AM

DaveJ,

In my view XJO under 6000 is in the bull trap range.
6000 level is a psychological level. XJO may break it up and pull back again...
The most important number ( IMHO) is 6135. Above this number I would engage the market (as an investor).
But again.... there is NO guarantee. Nothing is impossible in the market.
If you consider going long, make sure that your position is relatively small which may allow you to play with a wider stop.
Happy trading !

Tropo · 11-05-2008, 05:37 PM

O.K. Problem fixed.
Attached is XJO weekly.

Tropo · 18-06-2008, 05:39 PM

DOW, XJO and Shanghai Copm. Ind. broke down third retracement level (bottom line).
It does not look good. Interesting times ahead...

Tropo · 27-06-2008, 06:53 AM

June 26 (Bloomberg) --
U.S. stocks tumbled, sending the Dow Jones Industrial Average to its worst June since the Great Depression, as record oil prices, credit-market writedowns and a slowing economy threatened to extend a yearlong profit slump.

Bloomberg.com: Worldwide

DOW close = - 358.4
PS – Possibly another 203/252 points to go (or more)

Sim · 27-06-2008, 08:31 AM

Ouch!

7%+ cash or 9%+ mortgage offset returns are looking rather healthy at the moment!

voigtstr · 27-06-2008, 09:14 AM

surprisingly my Paladin shares have moved up in the last couple of days (unlike my super, navra, and cfs geared share)

DaveJ · 27-06-2008, 11:07 AM

Just make sure no one talks about 'Doom & Gloom' because everything is fine!

Glebe · 28-06-2008, 12:22 AM

I've sold up. Couldn't have timed it all worse really.

The wife and I decided about 6 months ago that we'd sell our managed funds, whilst paying down the mortgage, and move into our PPOR (which is currently tenented) in July. Well over this period I have sold down each and every managed fund I had, and geez, if I had've done it 12 months earlier I'd be up over $100k. I'm glad I'm young-ish and philosophical otherwise I'd be doing my head in!

Anyway the good news is that we move into our PPOR in July, and my wife is very chuffed. Happy wife, happy life.

Next time I enter the sharemarket game my rules will be:

* never take out a margin loan, because even if you think your buffer is large you may get called (I didn't but I came close!). Borrowing against a LOC is better as so long as you can make the repayments you'll never get called, and the interest rates are lower.

* invest in very very low MER products like streettracks, ishares, vanguard

* invest in passive investments that don't buy or sell often (read: buy index trackers), as they're more tax efficient

* never sell

Alan · 28-06-2008, 09:54 AM

Quote:

Originally Posted by Glebe

I've sold up. Couldn't have timed it all worse really.

The wife and I decided about 6 months ago that we'd sell our managed funds, whilst paying down the mortgage, and move into our PPOR (which is currently tenented) in July. Well over this period I have sold down each and every managed fund I had, and geez, if I had've done it 12 months earlier I'd be up over $100k. I'm glad I'm young-ish and philosophical otherwise I'd be doing my head in!

Anyway the good news is that we move into our PPOR in July, and my wife is very chuffed. Happy wife, happy life.

Next time I enter the sharemarket game my rules will be:

* never take out a margin loan, because even if you think your buffer is large you may get called (I didn't but I came close!). Borrowing against a LOC is better as so long as you can make the repayments you'll never get called, and the interest rates are lower.

* invest in very very low MER products like streettracks, ishares, vanguard

* invest in passive investments that don't buy or sell often (read: buy index trackers), as they're more tax efficient

* never sell

Hi Glebe.

Ahhh..... the complications of investments. 'Happy wife, happy life'. Not necessarily a normal line found in most investment books but jeez I bet it's common.

Balancing the risks/rewards of a 'home' and how important this may be in a family structure. What are we willing to 'give up' to achieve these things?

Your post raises a stack of important points. Some I can relate to, some I agree with and some I strongly disagree with. Unfortunately I have to race out now but I'll try and post later to discuss more. I'll try!

One point though. Is it really the Margin Loan that's the problem or the LVR that we let it go to? In 'good times' it's common for people to let it go veryhigh, spend the distributions and then thinks things are crook when the inevitable correction occurs.

Talk later.......