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Awful action today. Not sure its over becayse I don't feel panicked yet but I'm def worried. C fund is still above 200 dma and in a bull market. Thatscmy only solace :(
 
We have support holding at the august lows on S&P. S fund RSI is below 30 again so it is a buy too but because its below 200dma my system would only allocate 50% there. My system still has buy on C fund but not a strong buy yet. If we tested the 200 dma and bounced ant got to a 30 RSI it would be a strong buy.

So... I'm holding on for now. Only the C fund looks ok. I fund is in bear market and S fund seems to be heading there. Will C fund follow?? I don't think so but I'll be ready to sell if I have too.
 
clester said:
We have support holding at the august lows on S&P. S fund RSI is below 30 again so it is a buy too but because its below 200dma my system would only allocate 50% there. My system still has buy on C fund but not a strong buy yet. If we tested the 200 dma and bounced ant got to a 30 RSI it would be a strong buy.

So... I'm holding on for now. Only the C fund looks ok. I fund is in bear market and S fund seems to be heading there. Will C fund follow?? I don't think so but I'll be ready to sell if I have too.
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well, another bad day. Hard to watch. We are right at the 200dma on S &P. This is the last line in the sand. My system will call for a 50% sell if we cant hold it. Markets usually go below it and bounce. I won't give it too long though. S fund is looking tempting for a rebound rally. Rsi is about 27. If we get 1 more day of selling I may jump over there. It'll be a hard weekend holding stocks.
 
clester said:
well, another bad day. Hard to watch. We are right at the 200dma on S &P. This is the last line in the sand. My system will call for a 50% sell if we cant hold it. Markets usually go below it and bounce. I won't give it too long though. S fund is looking tempting for a rebound rally. Rsi is about 27. If we get 1 more day of selling I may jump over there. It'll be a hard weekend holding stocks.
Click to expand...

Just realized Monday is a holiday. So, can make a move then. I'll study charts more this weekend but as just a glance at them just now, the S and I funds are below RSI of 30. S at 27 and I at 24. So, they are both buys is my system. I may change my mind by tuesday 11am but I think right now I would go 50% S and 50% I. C fund still has the 200 dma to deal with and if we get a bounce the S and I would likely have better rebounds. Under this scenario a big down monday would make it an even better buying opportunity. I've saved a little by the C fund dropping slower.

Now the idea is to clear my mind till then. At least I can look forward to buying. Look at the positive. :)
 
clester said:
Just realized Monday is a holiday. So, can make a move then. I'll study charts more this weekend but as just a glance at them just now, the S and I funds are below RSI of 30. S at 27 and I at 24. So, they are both buys is my system. I may change my mind by tuesday 11am but I think right now I would go 50% S and 50% I. C fund still has the 200 dma to deal with and if we get a bounce the S and I would likely have better rebounds. Under this scenario a big down monday would make it an even better buying opportunity. I've saved a little by the C fund dropping slower.

Now the idea is to clear my mind till then. At least I can look forward to buying. Look at the positive. :)
Click to expand...

S&P took a dip below the 50 dma and the 1900 level. This would be a perfect place to bounce. S fund still doesn't look great. Its below the RSI value of 30 but it is more volatile than C fund so it could drop to 20 and a death cross is imminent. I fund trying to bound and its RSI got down to 23 or so I believe. That may be the buying opportunity. Its in bear market so I would only put 50% max into it.
 
clester said:
S&P took a dip below the 50 dma and the 1900 level. This would be a perfect place to bounce. S fund still doesn't look great. Its below the RSI value of 30 but it is more volatile than C fund so it could drop to 20 and a death cross is imminent. I fund trying to bound and its RSI got down to 23 or so I believe. That may be the buying opportunity. Its in bear market so I would only put 50% max into it.
Click to expand...

50% I is just what I was thinking of doing...but it is still too high risk for me without seeing some confirmation of a turning point.
 
clester said:
I like to wait on a bounce too. A bounce IS coming and soon imo.
Click to expand...

Wish it'd hurry up! So, C fund down over 1.5% is a sell. Shoulda sold on the last 1.5% + day. So, S and I are oversold and around 25 RSI which is a buy. So, looks like I'll make a move to 25% S 25% I 50% G or F tomorrow. They are both in a bear market and my system says stay in stocks at most 50%.
 
My system is in a quandary. On one hand we've had a bid down day and S and I funds are in a bear market. On the other hand, S and I funds are way oversold with RSI's below 30 and C fund is trying to bounce after dropping below its 200 DMA and almost to 30 RSI. So, I have conflicting data.

My gut says that October has big swings usually and a "V" shaped bounce in many a year around this time and with the oversold status and seasonality being good for the 4th quarter, to stay in and to jump into the more beaten down areas like the S fund. I'm still wary of the I fund with the currency fight us right now.

So, I'm moving to 100% S fund.
 
clester said:
My system is in a quandary. On one hand we've had a bid down day and S and I funds are in a bear market. On the other hand, S and I funds are way oversold with RSI's below 30 and C fund is trying to bounce after dropping below its 200 DMA and almost to 30 RSI. So, I have conflicting data.

My gut says that October has big swings usually and a "V" shaped bounce in many a year around this time and with the oversold status and seasonality being good for the 4th quarter, to stay in and to jump into the more beaten down areas like the S fund. I'm still wary of the I fund with the currency fight us right now.

So, I'm moving to 100% S fund.
Click to expand...

Good luck with that clester! You have balls uhh nerves of steel!:rolleyes:
 
clester said:
My system is in a quandary. On one hand we've had a bid down day and S and I funds are in a bear market. On the other hand, S and I funds are way oversold with RSI's below 30 and C fund is trying to bounce after dropping below its 200 DMA and almost to 30 RSI. So, I have conflicting data.

My gut says that October has big swings usually and a "V" shaped bounce in many a year around this time and with the oversold status and seasonality being good for the 4th quarter, to stay in and to jump into the more beaten down areas like the S fund. I'm still wary of the I fund with the currency fight us right now.

So, I'm moving to 100% S fund.
Click to expand...
You go boy. Me, I was thinking above 952 at least get one higher high. Maybe my river.:confused:
 
clester said:
My system is in a quandary. On one hand we've had a bid down day and S and I funds are in a bear market. On the other hand, S and I funds are way oversold with RSI's below 30 and C fund is trying to bounce after dropping below its 200 DMA and almost to 30 RSI. So, I have conflicting data.

My gut says that October has big swings usually and a "V" shaped bounce in many a year around this time and with the oversold status and seasonality being good for the 4th quarter, to stay in and to jump into the more beaten down areas like the S fund. I'm still wary of the I fund with the currency fight us right now.

So, I'm moving to 100% S fund.
Click to expand...

Thanks for sharing the results and details of your system with us. I regularly read your posts to see what the Clester system is saying.
 
Mapper said:
Thanks for sharing the results and details of your system with us. I regularly read your posts to see what the Clester system is saying.
Click to expand...
Thanks. I don't lnow how much help its been. :(

The S fund should bounce up to test the 200 dma. The sentiment seems pretty bad and feels a little panicky and things usually go farther than you think. If we can get a rally going the shorts will start covering and we can get a big rally up to the 200 dma. But we are in a very critical spot. If the rally doesn't happen it could het ugly.
 
clester said:
Thanks. I don't lnow how much help its been. :(

The S fund should bounce up to test the 200 dma. The sentiment seems pretty bad and feels a little panicky and things usually go farther than you think. If we can get a rally going the shorts will start covering and we can get a big rally up to the 200 dma. But we are in a very critical spot. If the rally doesn't happen it could het ugly.
Click to expand...

S fund got down to a 25ish rsi and f fund up to 75ish. A buy and a sell.
 
clester said:
My system doesn't seem too good right now! :(
Click to expand...

Perhaps a bit too early to entertain, but many of my systems are utter crap right now and this is not the norm. Even if you look at the H&S I posted in my thread, I don't find it common to see a daily H&S hit its price objective, usually (In a bull market) they fall short. IMHO, this could be the start of something more serious than a correction, a time to fade the rallys...But like I said, it's a bit too early to entertain :)
 
Perhaps this is the flush. S&P rsi down to 27! Thats a buy too. But when we're in a panic norhing matters. I feel stubborn though and want to ride it out.
 
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