Pretty uncanny how CGMFX has recovered each and every time that it falls just below the 100 day m.a. on a daily chart.
Nov. of 2012, April, June, August, and now October of 2013 have all been the point where it bounces back up.
S & P 500 is more attuned to the 50 day m.a., and NASD is a beast vacillating between the 20 and 50 for the most part.
Where's the nasdaq in comparison to its 13 years ago high? Where was it 5 years after its 13 years ago high? If you really think the way you do you don't have a clue about the market and shouldn't be playing in it. Not even with mutual funds.
I curve fitted his 4 bounces/support areas this year and determined that the much repeated bounces occurred/fell between the 120 and 125 simple moving average.
Fully knowing that each roll of the dice is a random independent event, i.e., the chance of rolling a die of six is always 1/6) it will be exciting to see how this develops.
If there IS a market correction, and history repeats with yet another bounce (thanks Fed) then adding to CGMFX @ $35.80-$35.81 in theory, should work.
Another way to plot this is to put CGMFX on a weekly chart and enter in a 26 day ema, where support line shows up as $35.57.
For me, if the Ultimate oscillator turned below 50 and if the PSAR also gave a sell signal that would indicate a SELL signal for CGMFX.