If I had to venture a guess I would have to go with the "dead cat bounce" idea. But I'm hoping for an extened rally. Not those 2-3% days but the ones that will get you 2-3% over a weeks time.
-
The Forum works well on MOBILE devices without an app: Just go to: https://forum.tsptalk.com
-
Please read our AutoTracker policy on the IFT deadline and remaining active. Thanks!
div>
$ - Premium Service Content (Info) | AutoTracker Monthly Winners | Is Gmail et al, Blocking Our emails?
Find us on: Facebook & X | Posting Copyrighted Material
Join the TSP Talk AutoTracker: How to Get Started | Login | Main AutoTracker Page
The Forum works well on MOBILE devices without an app: Just go to: https://forum.tsptalk.com ...
Or you can now use TapaTalk again!bmneveu's Account Talk
- Thread starter bmneveu
- Start date
If I had to venture a guess I would have to go with the "dead cat bounce" idea. But I'm hoping for an extened rally. Not those 2-3% days but the ones that will get you 2-3% over a weeks time.
RealMoneyIssues
Well-known member
Or, it could be a contrarian indication...
Yeah, assuming we're still the dumb money. :blink: It may be a mix.
Coolhand's sentiment charts show all users, and another with just the top accounts and where they are putting their money. Whether the top is the smart money - or they just happen to be "hot" - could be reason enough to follow along.
The bottom, or those just currently out of sync with the market (and I have been in this categary many times) can be used as a contrarian indicator.
We all have those times where everything we do seems right, and other times when we can't pick the winner of a one horse race. Knowing where you are at that moment can tell how much to trust your instincts. But as I said, the ones near the top or the ones rising, are people who are in sync and I would consider the smart money, at least at that moment.
bmneveu
Well-known member
I was so worried that yesterday was just a small bounce on the way down -- today really put that assumption to rest. I'm bullish as usual even in such volatility. That said, I may look for an exit soon to lock in gains and jump in on another dip. Skipping the Mon/Tues dip of this week would have been huge, if anyone managed to pull that off!
MrJohnRoss
Well-known member
Does that mean you're staying in if it's a down day?
bmneveu
Well-known member
Well I watched the minutes tick by to the deadline this morning and never got out. I've been having trouble pulling the trigger lately. I'm also kicking myself for selling oil at $92~ (bought at $82~) and watching it tick up day by day to a high of $98 so far. I'm considering a short sell on it now but am inexperienced and wondering if anyone knows if seasonality is a factor?
I'm also quasi-forced to down a whole bottle of Korbel because my fiance didnt care for it after one sip. that's hardly a complaint though
RealMoneyIssues
Well-known member
It can be profitable, but you better be on the right side of the trade with those 3x leveraged ETFs... I have been on the wrong side quite a few times...
Be
Very
Careful
RealMoneyIssues
Well-known member
bmneveu
Well-known member
i said yesterday that i'd buy weakness this week and i still plan to, but i dont see today being the low of the week. if tomorrow we're lower than or around 11900 (about -120 from today's close) i'll jump in. i'll probably keep that target for wednesday as well. i dont remember the price that i got out at -- i should start keeping track of that..
anyone follow the NBA? im a diehard orlando magic fan, which makes me a diehard dwight howard fan. this organization will fall apart if he leaves us like shaq did. between that, PCSing to Georgia tomorrow and planning a January 14th wedding, my stress level has never been higher. I could use a few successful trades to calm meSimilar threads
