Wave Chasing

Here we go again. A good week is invariably followed by a crap week. I’m steeling myself for the slide to continue the rest of the week. Not sure what really fired off today’s downturn – could have been the late day short covering in oil, the whole debacle with the Bear Sterns hedge funds falling apart, continued skittishness on inflation or just damn boredom. Guess our two consolidation days were powering up for a drop after all.

Good thing I’ve tightened up my spending, isn’t it? Days like this I occasionally have to remind myself that at least I don’t have to answer to anyone else.

Wouldn’t be surprised if I don’t see any buy signals tomorrow, either.

4 positions closed, net 0.00%
– 1 earnings play, met time target & exited
– 3 stage 2 pullbacks (gains)
– 1 position stopped out

Active port split: 8 up/7 down, +.06% overall. 1 position in stage 2, the remainder in stage 1. No positions reaching time targets.

Quick Stats, at current returns…
Early Retirement Only: 14.7 years
Buy the Condo 14.1 years
Retirement at the beach: 19.1 years
Ahead/Behind on 10 Year Plan: $33,663.85 Behind
Discretionary spending up/down from 2006 Up 0.34%

* 1926: You may have noticed some number changes since this was initally posted – had a couple bad closing prices that just now updated/corrected.