350zCommtech's Account Talk

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In some specific cases (and you haven't been around long enough to be specific yet) a fatuous process yields, necessarily, fatuous results. Amigo!
 
Decided to gamble , at the last minute, on the tomorrow's Chicago PMI. The recent mfr#'s have been low and the F fund is losing about 3 pennies today. With my lack of luck lately, the number will probably come in strong and I'll get my butt kicked again in the F fund. I should have stayed in the I fund, since the dollar will fall on a low number to help cushion the I fund anyway.
 
I'm feeling a little guilty for posting so much of my thoughts in the I fund thread. I can't help it though. Most of my decisions are based on what the dollar and the I fund is going to do.

Anyway, It appears the markets might have found a temporary bottom. Everything I look at, including charts, graphs, Vix, etc...and with not much news on Monday, the markets should bounce on Monday. If it doesn't bounce then Thursday's sell-off might have been the start of the long awaited correction. Like they say, no risk = no reward.

I decided to skip the penny and went 50S and 50I.
 
I think you can truely appreciate the possible irony of this observation....the last time we had a change in market behavior in the narrow/short term channel was the last time we had a top pipe form. I know this is getting a wee bit in the weeds (ok I'm outside the rough on this one :D )

.......but a possible retest of 1400.

View attachment 1314
 
Griffin said:
I think you can truely appreciate the possible irony of this observation....the last time we had a change in market behavior in the narrow/short term channel was the last time we had a top pipe form. I know this is getting a wee bit in the weeds (ok I'm outside the rough on this one :D )

.......but a possible retest of 1400.
Click to expand...

Here's what I'm looking at and I'm hoping a lot of traders see the same thing on Monday.:D


View attachment 1315
 
350zCommTech said:
Here's what I'm looking at and I'm hoping a lot of traders see the same thing on Monday.:D


View attachment 1315
Click to expand...


I was mostly joking, but now that I look at that, I actually could see 1410 as a brief reality.

Here's a serious thought - With the US market having a humdrum day, this puts the far east in the drivers seat Monday morning. Japan and Australia both could use a bit more consolidation, but Europe looks like it is set to spring into action, given the right impulse. I can see a mixed day on Monday, since the EU will probably hold back until the US markets open. Like you said, we have little news on Monday (and Tuesday is relatively light also) so Monday could be a real snoozer across the board which drags on through Tuesday in anticipation of the FOMC on Wednesday. Then it's off to the races one way or another.
 
Griffin said:
Like you said, we have little news on Monday (and Tuesday is relatively light also) so Monday could be a real snoozer across the board which drags on through Tuesday in anticipation of the FOMC on Wednesday. Then it's off to the races one way or another.
Click to expand...

I plan on being in the G fund on Wednesday. I've a feeling it's going to be a BAD day. The markets will disappointed by the Feds continued stance on inflation.

On another note, I just checked my indicators and I believe it just gave me a BUY! BUY! BUY!:D
 
I'm such an idiot! I can't believe it. I was on the phone and posting here and I forgot to make the real change in TSP.gov. Damn it!!!!:mad:
 
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