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ThanksQuick note from a little bull.
There has been a lot of discussion lately about small caps signaling weakness and potential topping action. It should be noted then, at the end of today, small caps edged their way, just barely, into positive territory.
Netanyahu's speech has really increased the fear of war. Futures really took it hard. We're over a percent down this morning. Many will be looking to exit today. I haven't decided yet. There is fear out there.:worried: Boy news can really out do TA.![]()
You may be right but a lot of analyst were looking for a drop to enter. A lot did say watch out for 1352 also. We'll see.Pretty sure I'll be gone to G today. I'll post Pretzels chart as reasons why. Hopefully we get a higher high in the coming weeks but I am not counting on it.
http://3.bp.blogspot.com/-v6ramcqrsXM/T1YOjslMk5I/AAAAAAAABYs/OPzCokNIvWg/s1600/nya+bp.png
Too many of the guys I watch are bearish right now and the speech last night made me 80% shure there will be a strike. I don't know Spidey just got the best of me. I know 2% is not much of a loss but I just got nervious.perfect head and shoulder forming at the bottom...
I have this.perfect head and shoulder forming at the bottom...
Well I just took another 1.6% loss today. I hope the correction isn't done already. Todays drop should be a big event for the weekly and monthly time frames. At least I have the option to buy back in later. If we return up from here I'll look dumb, but I think I'll look ok because I'm out for all this war talk and the big chance of an attack on Iran.:worried:
I'm happy my support line held enought for my exit.A few days without worry may be good for me.
Netanyahu's speech has really increased the fear of war. I watched the futures drop as he told the US that they will protect themselves and be the deciders to there own fath. I other words, they do what ever is needed to stop the nukes. No mater what the US wants them to do.Today just sucked for all of us invested. Be glad you only had 80% in lol. I wish we could of all seen this coming and bailed yesterday because to drop this much in one day is like a slap in the face.
Thankfully I only had my TSP invested and not my Roth IRA as well.
I am with you...Thursday in Greece should not be good news so the question is for me...it part of this pricing in Greece? If so will tomorrow be a continuation or will we see a bounce? Risk reward ratio turned for me this morning...I am going into preservation mode...50g/50f.
Not a big bounce. Looks like we test my 13 day from the bottom. Pretty sure we set a lower high today. Maybe we'll ossilate between my 20 day and 13 day. I'm in a relaxed look see mode and ok with my -0.54 precent loss.![]()