Purchase for MA Accounts

September 27, 2012
	The market in the last 9 days had a substantial pullback as seen in the graphs below.  We've seen substantial swings upward since the end of August with only one good entry point in the beginning of September which was missed. I've included three charts which ultimately show the same thing, where the market is compared to the price we purchased at this morning.  We put three toes in for the Moderately Aggressive Porfolios (30%).  The reason I put three charts of varying time frames is just to give you a feel for how different the chart looks even though you are looking at the same investment. The first chart shows a bar for each minute.  We purchased our position at the green line near the bottom and you can see the tremendous move that has taken place since.  Really it is only about eight tenths of one percent increase.  The minute chart is like looking under a microscope. Minute Chart The next chart is the hourly.  This begins to give you a better feel for the pullback that has occurred prior to our new position taken at the green line.  You can see the market fell quickly over the 10 or 11 preceeding bars (hours) and then bounced a couple times (short term double bottom?) and we picked it up as it looked like it may return to previous highs. Hourly Chart The following chart is of daily activity.  Each bar represents action of the S&P 500 for one day.  By this you can see that the sharp pullback in the market mostly took place over 4 days.  We bought this morning at the green line and you can get a better feel for where we hope the market will return and then take profits. This pullback has occurred near the end of the month where historically the market is supported by end of the month buying activity from major institutional buyers.  Hopefully this reoccuring wave occurs and gives us a smooth ride. Have a great day!! John Norquay CEO PivotPoint Advisors		In order to view the graphs and charts in our newsletter, please click the link at the top of your email to "always show images from PivotPoint Advisors" Resources Check out our Youtube Channel  Like our FaceBook FAN Page We manage money inside 401k plans. Know anyone who may want to use us? Click "Forward to a friend" (immediately below) to share this newsletter with friends you think may appreciate our services. Forward to a Friend Twitter Subscribe to the Weekly Briefing Report Unsubscribe Update Subscription Preferences View Email In Browser
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