Well, that prediction was purely based on wave analysis. I though it really had that chance to crack that previous high of 2135 when it moved above that 2103 level this week. Then some high profile tech companies (MSFT, APPL, GOOG,..etc) caused the market down with their projected earnings miss. However, if the market consolidates and filling the gaps bellow the current price and then bounce back strongly, then I think we still have a chance to make a new high. I'd be in defensive mode and watch for the market movements for tomorrow because we could face some weakness due to the seasonality bias called "Sell in May and Buy in November" thing. So if the market settles the downward movements tomorrow, then I'd look for a bounce back rally during the first few days in May. If that rally moves the SPX beyond the recent high at 2111, then I'd still wait for a new high. Otherwise, I'll cash in to protect the gains. Good luck folks!
On Thu, Apr 28, 2016 at 12:54 PM, sarah_oz@yahoo.com [TSP_Strategy] <TSP_Strategy@yahoogroups.com> wrote:
Hi Paul, Believe you previously mentioned if SPX hit 2,103 it would break a barrier and go much higher, SPX is currently at 2,098, considering investing more in the C fund. Currently have 15% C, 35% S, and 50% F. Any thoughts would be greatly appreciated.
It was 2111 last Wednesday.
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Posted by: Paul <ur12bfriend@gmail.com>
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Neither the TSP Strategy group, nor individual members, are licensed or authorized to provide investment advice. Any statements made herein merely reflect the personal opinions of the individual group member. Please make your own investment decisions based upon your personal circumstances.
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