clester's Account Talk

[nasa1974]

Catcus, Road that same rollercoaster October through December. Still on the same coaster ride and almost back to even. Got a fresh box of sticky pants in January. Good luck.

 

[clester]

If we can pull back to the 2670 area or back to the 50 dam then that would be a good buying opportunity IMO. Still in bear market rules though. Most of the individual stocks I'm looking at got very overbought via RSI and that 'usually' means some profit taking is coming. It doesn't mean a big sell off is coming. It could be just enough to get out of the overbought status.

 

[clester]

RSI below 30 is a buy and below 20 is a screaming buy. At least a short term buy. I'd like to see a bounce first but under 20 I'm all in!

 

[JamesE]

Nice to see you around Craig, don't be a stranger

 

[clester]

I wouldn't be surprised if we go up and close the gap on S&P before going back down. I don't think its gonna be a V bottom here. But, I could be wrong

 

[Khotso]

I wouldn't be surprised if we go up and close the gap on S&P before going back down. I don't think its gonna be a V bottom here. But, I could be wrong

Nice call on the RMI!

 

[clester]

We're in no mans land now, imo. between the 50 and 200 dma and having filled the gap on S&P. We are still in an upward bias, 50 above the 200. I'm tempted to buy in soon. Ideally, we test the recent bottom and bounce. Then I'd buy. I'm conservative, so I'd like to see some stability first.

 

[Whipsaw]

OK, you got a bounce, and then some. Is this a head fake? Or does it keep heading north?