Mcqlives
Market Veteran
- Reaction score
- 24
Maybe...I haven't seen anything about it for a long time.
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Bquat's Account Talk
- Thread starter Bquat
- Start date
Maybe...I haven't seen anything about it for a long time.
Mcqlives
Market Veteran
- Reaction score
- 24
A good read on that at: Clif Droke Market Analysis
Clif Droke does a decent analysis...I have thought of getting a subscription of his but have never gone quite that far. I think he makes good money though.
Think that was it. Was drawing a blank but that sounds familiar to me too
Bquat
TSP Talk Royalty
- Reaction score
- 590
Really no commitment on direction this morning. Maybe that's a good thing. Maybe the market is rethinking it reaction on China's 18% drop in exports or that we waiting to see if Russia is not going any further. Or maybe waiting for our deadline.
This hesitation can be bullish but I'm on watch and see for the weekend.:notrust:
This hesitation can be bullish but I'm on watch and see for the weekend.:notrust:
Bquat
TSP Talk Royalty
- Reaction score
- 590
A drop below 1833 would officially be a lower low but there's a real chance the market just wants to touch the 50 day (38,2 Fib) and regroup. That's what I'm thinking. Luckily JTH stopped me on my last thought.
went 25% C and 25% I, playing it almost like a double bottom from early march. And the pull back similar to Nov/Dec. Still not convinced we don't go lower so couldn't bring myself to go all in. If we do manage to pop back up next week I'll be pulling back after a decent push up. Doub't we'll be breaking through too much resistance.
Mcqlives
Market Veteran
- Reaction score
- 24
I almost went into S but ran out of time before the deadline. I am so ready to get in but am not sure this upswing today has any legs.
Bquat
TSP Talk Royalty
- Reaction score
- 590
50% in isn't a bad choice if you're not sure. Like hedging you're bet. I am concerned about the 20 day because were not even near testing it yet.
Bquat
TSP Talk Royalty
- Reaction score
- 590
I may have done 50% if this wasn't Friday. Too much time for bad news. Member I'm more news based now.
BichonFreeze
TSP Strategist
- Reaction score
- 3
Member I'm more news based now.
So I guess it may be good you're not in next week, you know with the Fed meeting coming.
Bquat
TSP Talk Royalty
- Reaction score
- 590
I'm kinda talking world news. With weather clearing and no dire economic news the Fed will continue taper that' figured in.
Who really knows anymore.Agree about the 20dma, and the DOW broke the 50 dma, usually takes a bit to stop the indicators in their tracks at this point. Doesn't happen often imo. Day 5 with the lower lows. somewhat of a double bottom from March 1st. It's a roll of the dice especially with better support @ 15,6 for the dow.
Bquat
TSP Talk Royalty
- Reaction score
- 590
It is a possibility but it looks like we're low basing out. I'm out of pocket but will look later.
BichonFreeze
TSP Strategist
- Reaction score
- 3
the Fed will continue taper that' figured in.
I think there is a 85% chance taper will continue from that meeting. But we'll see.
