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Thanks!! Sorry about that!! Since I don't post often...where would I find this thread in the future???
Thanks!!! For retirement information I received my AL check last week (Uncle Sugar and Georgia took a decent junk in taxes) but still have not received my interim annuity!!!
...or just put 'A2Z1112' in the search box. It should bring up this thread.Just go to Members' Account Talk and use the sort feature to sort by title and find A2Z1112 Account Talk.
Federal took 25%, Georgia took 6%, plus deductions for SS and Medicare. All told they took app 36%!!!
Looks like I am receiving app 95% of my agencies retirement estimate. Needless to say I am very happy compared to some of the horror stories I have heard from other folks!!! Hopefully they will have me adjudicated in app 4 months time!!!
Looks like a H/S pattern on the NDX-100 possibly on the verge of breaking downward! As AAPL goes so does the COMPQ, NDX-100 and the SP-500!!! Food for thought for next week.
I think you have some good points here. The DAX is actually now below its 50 day SMA, if I am not mistaken. There is a lot of empty space before the 200. But I don't think our indices are going to drop off a cliff just yet. My prediction is a test of the SPX 50 SMA. Then a rally to probably the 20. Lower high.View attachment 18479
As I continue my TA education I realized that I was becoming to mioptic in my analysis. Primarily looking at just one indicie such as the SP-500 over specific time frames. I have begun to look at world markets as well as all of the US markets over various time frames, monthly, weekly daily etc. Above is a chart of the FTSE. This chart is reflective of what is also occurring in the CAC 40 and the DAX. These markets have topped in mid-March and have been making lower highs and lower lows since that time. They all have the same bearish H/S patterns which have broken the neckline and indicate the extent of the damage to be near their respective 200DMA. They all have broken their respective 20/50DMA. The FTSE chart is from yesterday's close. At the time of this posting the European markets are down anywhere from .38% (FTSE and CAC 40) to .85% (DAX).
The US markets are definitely at a crossroads as pointed out by a few members. The DJIA, W4500 and the RUT2000 have broken their respective 20 DMA and have closed below them. More importantly they have broken a 6 month trendline from their October/November lows!!! The SP-500, QQQ, and NDX closed yesterday in the vicinity of their respective 20DMA. The US futures at the time of this posting are down app. .40%. Will the US markets follow the European markets???? What do you think???
The US markets are definitely at a crossroads as pointed out by a few members. The DJIA, W4500 and the RUT2000 have broken their respective 20 DMA and have closed below them. More importantly they have broken a 6 month trendline from their October/November lows!!! The SP-500, QQQ, and NDX closed yesterday in the vicinity of their respective 20DMA. The US futures at the time of this posting are down app. .40%. Will the US markets follow the European markets???? What do you think???
Thanks JR! I have attached a link to a CNBC video (4/2/2012) where Carter Worth, Chief Market Technician for Openheimer had some interesting analysis. Since the beginning of this bull market in March, 2009 there have been 11 corrections of 4% or more. After these corrections you saw the bull advance continue anywhere from 10-13 weeks before the next correction. We now are at the longest point since the bull market began without a correction, 15 weeks!!! He is calling for a healthy correction somwhere between 4% to 12%!!! The SP-500 is well advanced in an ascending wedge and today, if it holds, is the first time it will break below the wedge. The bottom trend line of the wedge is drawn from the Nov/Dec 2011 lows. So I agree we are getting very long in this market and are due for a correction. Maybe we rebound up a little before going lower. My wife and I moved to the G fund at the end of last month. I felt you landing on the lilly pad!!!
Talking Numbers: S&P Due for a Correction? - CNBC