Recent content by FogSailing

  1. FogSailing

    FogSailing's Account Talk

    Looking at a range of 2789 to 2812 as the "inflection point". No idea what happens then....appears we either head to new highs or the 2600 region.....EGADS.... Good Luck all. FS
  2. FogSailing

    FogSailing's Account Talk

    Well, those tariffs are finally biting us in the ass. We have the big drop from 3029 with a healthy retracement and now, this week, what very much looks like a continuation down. As a wave counter.....If the initial drop was only “A” and the retracement was “B”, we now have i of C down looking...
  3. FogSailing

    FogSailing's Account Talk

    My guess is that we hit the 2720 area tomorrow and then bounce on Tuesday. I expect Wed-Thurs to be down to even. And no idea about Friday. And therein lies the big question. Macroeconomics teaches us that tariffs restrict optimizing the flow of goods. They result in a smaller economy. At some...
  4. FogSailing

    FogSailing's Account Talk

    WAVE COUNTERS ARE CONCERNED NEXT WEEK COULD BE TOUGH BY MIDWEEK..HERE'S A CHART. GOOD LUCK OUT THERE. FS
  5. FogSailing

    FogSailing's Account Talk

    I'm enjoying the ride up. Guessing it stops just short of 2900 with 150-160 point reversal. Sometime later next week, probably Friday. The wife and I are off to Texas for barbeque, country music, a few margaritas, and our 45th wedding anniversary. See everyone in a few weeks when we get back... FS
  6. FogSailing

    DreamboatAnnie's Account Talk

    I don't see either side backing down. Our economy is currently strong. I'm betting the thinking is "Leave that worry for another day." So I see both parties holding tough positions until something causes movement. FS
  7. FogSailing

    FogSailing's Account Talk

    The last time 13 and 34 DMA's crossed was back in late January... The market has been on a tear since.. They almost crossed back again yesterday.. Suggest folks keep their eyes on that pattern.. FS
  8. FogSailing

    FogSailing's Account Talk

    One of traders I follow has posted this EW scenario which is currently the main scenario I've been following for a while.. Based on the strength of the market, we could very possibly break out of the Bollinger bands and get to 3000+ territory before the C Wave arrives and down we go. Of course...
  9. FogSailing

    FogSailing's Account Talk

    Today I think we'll see SPX at 2778 IF it retreats under 2820, which I think is probable. Then, because of the of the strength of the market perhaps a bounce back to 2834. My analysis is changing day to day because of the strength of the current market. My current big picture thinking is that...
  10. FogSailing

    userque's Account talk

    Good post Q. Makes you wonder whether this thing extends to a point that we revisit the December lows...I wouldn't be surprised. FS
  11. FogSailing

    FogSailing's Account Talk

    I'm looking at today like the 1st day of a Government Shutdown. It will get worse as time goes on and some folks are going to be hurt in a bad way, Agriculture but also many manufacturing and industrial firms. I'm really not a fan of these tariffs. I hope they can get resolved quickly, but I get...
  12. FogSailing

    Tsunami's Account Talk

    I'm reading others saying the same TS, and a few alternative counts that go a different direction.. FS
  13. FogSailing

    FogSailing's Account Talk

    Are we at an inflection point? Inquiring minds want to know....and I'm guessing the truth will be revealed after our IFT cut-off time....In the meantime, a little humor for all my TSP friends.. FS
  14. FogSailing

    FogSailing's Account Talk

    I'm guessing 2855-2840 area tomorrow and a deeper retrace after Friday. Wouldn't be surprised to see us retouch the December lows. Who know what happens after we pullback. This has been a very robust market and the economy is still very strong. FS
  15. FogSailing

    DreamboatAnnie's Account Talk

    I think rspring is right and the market knows it. But in Trump's defense, the US Trade Rep negotiated a good deal. One of the key agreements was that China would implement these Trade Agreement changes in law. They've backed off saying they would do it administratively. That's the old China...
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