Trading Houston ...

Some of your levels are incorrect:

Highest XJO so far = 6436.7 (13.07.2007) NOT 6432.2.
Recent lowest = 6044.3 = correct. Where did you get "less 6%" from?
High less 10% = 5793.03 (NOT 5789.43)
Biggest low in 2007 = 5449 & 08.01.2007 (NOT 5441.1 & 06.03.2007)
Lowest in just approx.12 months = 4758.3 & 14 June 2006

"Note the best price just over a year ago, (it is 11 days different in date terms, just a year earlier). It never came down to 4899.90 again."

I see no relation.
If we hit your 4899.9 number on XJO (correct low = 4758.3) it means that we are 1678 points down from the all time high = Heavy Correction (disaster rather).

"Was yesterday the time to buy?"

You tell me.....
It seems to me that you are obsessed with a bottom fishing, which is wealth hazard.

"Is optimim time to buy likely to be more like the highest, less 10% which would be 5789.43? Would that occur around Feb-March next year?"

It may occur next week/month !
Your system (if you have got any) should tell you when to buy/sell. What this "less10%" mean ???

O.K. Because you are totally confused let me suggest 3 options.
Get in, if XJO closes above 6195 or above 6260 or above 6290 (less risky level).
At this stage of the game NOBODY knows what will happen.
So called "bull trap = dead cat bounce" is a very much likely outcome in the nearest future, so you should have exit strategy if worse come to worse.

PS - Before you blow yourself sky high I would suggest to read "Trading Rules", which apply also to investing & I posted long time ago on this forum.
At least some of this rules may help you to survive in the market.
Happy 'Hunting'.

 

Thanks for supplying the correct figures tropo. My eyes aren't as good on those little figures on full pages. Maybe I should turn up the resolution when going though that stuff.

You seem a little agro today, or is it just toward me as I like to think and assess things differently?

Yes, of course I want to buy into good quality shares when the fickle market has temporarily dropped them into a lower price, (bottom fishing). It is not uncommon for some to sell the gold and buy into mould. I like gold, but at a price suitable to myself, not at the all time record high. Where's the growth in that? Time is the answer and since my time on earth is finite, I like to get in on shares when there is some good growth left.

 

There is nothing wrong to asses things differently !
As long as you can sleep like a baby and are happy with your approach that's what matters !

 

I don't mind trying to pick a bottom or to strip a dividend, I even gave someone a fairly good deal on some SUN and MTS shares Monday.

Something like today tonight may describe me as a grim reaper

 

"I even gave someone a fairly good deal on some SUN and MTS shares Monday"

SUN - Closed in red today ($19.40).
Yesterday's close ($19.52) - but pending announcement may/may not help.

MTS - Yesterday's close $ 4.39. Today MTS closed in green ($ 4.47) on decreasing volume (pending announcement may push price up or down).

MTS problem is the huge gap down (49cents) between close on 04 June and open on 05 June. As long as this gap is not filled, MTS may develop extended sideways movement. Both SUN and MTS are in the long down trend.
Hmmmmmmmm. We'll see...

 

Well not a perfect deal for them and if it was going to be a bad day it was going to keep my LVR under control, day didn't turn out too bad after all. Today was even better.

Tomorrow so far is looking great breakfast with friends so market check by blackberry and the DOW is up 0.75%

 

Then it closes down 146 points (it was down 21 pts with 30 minutes to go).
Wonder what spooked the market so badly this morning?

PS Was hoping there was more correction to come!!

 

So far a nice pull back only.
BUT ... who knows... big one may (may not) hit us pretty soon. Good news for bottom pickers.

NEW YORK, July 31 (Reuters) - The yen rose on Tuesday as growing worries about a deterioration in U.S. credit markets pushed stock prices lower and prompted traders to unwind risky trades financed with the Japanese currency.
Traders said the yen was inversely tracking the fortunes of stock prices, which fell after mortgage lender American Home Mortgage Investment Corp. said it could not fund home loans and may have to liquidate assets.
"The forex market is tracking the stock market step by step," said Brian Taylor, a senior currency trader at M&T Bank in Buffalo, New York. "Everytime stocks turn lower, it's a sign for investors to buy yen."

 

XJO

During last 3 years XJO broke up 3 times long term resistance line at A,B,C.
Current pull back, did not brake down long term support line as yet - note: short lived break down below supp.line on 22 Sep 2006.
Below chart (weekly) illustrates XJO moving still in the range between support and resistance line.
Today XJO close at 6011.8 and is not included on below chart (chart is 16 hr delayed).

 

DOW

Here we go again.....At the moment DOW is down 387 points.

Do not leave your home without a .... parachute.

 

How are Navra's cash reserves now?

 

At least we get to close the week with a nice stable market

 

Happy landing

 

and again...!

 

Parachute + pillows may not help this time...

 

How much longer?

The big question for investors is how long will the US money markets remain volatile. Other recent money market events were September 11 - 2 weeks, Year 2000 - 2 weeks, and the Asian crisis which went on for around 2-3 months.

 

Possibly longer that you can think of.
It may well be just the beginning of the down trend.

 

Originally Posted by Brengun View Post
The big question for investors is how long will the US money markets remain volatile. Other recent money market events were September 11 - 2 weeks, Year 2000 - 2 weeks, and the Asian crisis which went on for around 2-3 months.

Possibly longer that you can think of.
It may well be just the beginning of the down trend.

PS - Market can go up and down for a long time...(even years).
Statistically Market is moving sideways most of the time, which is rather bad news for investors.

 

but good for a fund like Navra?

 

Possibly, if range is reasonable.