clester's Account Talk

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jkenjohnson said:
I assume the crystal ball is still the same?
Click to expand...
Yep. Even though we've had 4 down days this week it hasn't added up to much. Any worries about the reaction tomorrow should show today. Hard to figure out the traders reactions. The S fund seems to be acting better than the C fund again. Good sign. About time to rally again IMO. My system says to stay in until we hit the 50 dma or we get a monster move down. I don't think either will happen.

On a side note, I am taking an IPad/iPhone development class next semester and we will have to come up with our own ideas and develop our own app. I looking for ideas. I have in mind some sort of app for education (k12) either learning game or utility. I have a wife and two other relatives that teach. I though about a game but I'm worried about getting graphics for it. (I'm not artistic). I have also thought about a medical office app for doctors to use with all current patients stuff pre loaded when he goes from room to room.
I guess it could be stock market related too.

It can't be too complicated since I only have a few months to work on it. So, I appreciate any ideas you all may have!
 
clester said:
Yep. Even though we've had 4 down days this week it hasn't added up to much. Any worries about the reaction tomorrow should show today. Hard to figure out the traders reactions. The S fund seems to be acting better than the C fund again. Good sign. About time to rally again IMO. My system says to stay in until we hit the 50 dma or we get a monster move down. I don't think either will happen.

On a side note, I am taking an IPad/iPhone development class next semester and we will have to come up with our own ideas and develop our own app. I looking for ideas. I have in mind some sort of app for education (k12) either learning game or utility. I have a wife and two other relatives that teach. I though about a game but I'm worried about getting graphics for it. (I'm not artistic). I have also thought about a medical office app for doctors to use with all current patients stuff pre loaded when he goes from room to room.
I guess it could be stock market related too.

It can't be too complicated since I only have a few months to work on it. So, I appreciate any ideas you all may have!
Click to expand...

An app that gives buy and sell signals that will generate 25% returns each year. :-)
 
Still no change with my system. Staying on the buy signal no warning signs right now. If we don't make a new high on this rally we could end up with a double top though.
 
weatherweenie said:
Isn't 1788 on the S&P 500 important support?
Click to expand...
Looks like 1780 area is good support then the 50 dma. The 50 dma is really what I use the most. If it breaks it (it usually goes through it a little) for a couple of days than I would have a sell signal. I've gotten to the point where these "little" moves don't bother me. We are still in a bull market and it will be a while before any major shift IMO. I think next year could be sideways or range bound with an upward bias.

The 50 dma would be a great buying opportunity too.I think we're getting the taper pull back right now but it won't last.
 
clester said:
Looks like 1780 area is good support then the 50 dma. The 50 dma is really what I use the most. If it breaks it (it usually goes through it a little) for a couple of days than I would have a sell signal. I've gotten to the point where these "little" moves don't bother me. We are still in a bull market and it will be a while before any major shift IMO. I think next year could be sideways or range bound with an upward bias.

The 50 dma would be a great buying opportunity too.I think we're getting the taper pull back right now but it won't last.
Click to expand...
We are right at that support area and the S fund is at its 50 dma. This would be a perfect spot for a bounce.
 
I think we bounce here through Christmas and make a new high. The S fund has bounced off its 50 dma and we have worked off any over bullish sentiment and Rsi indicators are at a good place for a bounce. If the bounce doesn't happen we could get a correction.
 
clester said:
I think we bounce here through Christmas and make a new high. The S fund has bounced off its 50 dma and we have worked off any over bullish sentiment and Rsi indicators are at a good place for a bounce. If the bounce doesn't happen we could get a correction.
Click to expand...
yep, it could go down or up...LOL
 
The bounce continues. No warning flags for me. I think sentiment is high but not enough to worry about. Still in bull market and still above 50 dma. RSI's are not a factor.

So, system has a buy signal.

What I'm watching for a 50% sell signal:
We fail to make a new high. If we fail again then I expect the 50 dma to get broken. For a 100% sell I would need the 200 dma to get broken or a really big one day drop like 25 points on S&P (but this year that hasn't worked).
 
clester said:
I think sentiment is high but not enough to worry about.
Click to expand...
Agree that sentiment isn't overly bullish on most surveys right now, but this one is certainly the outlier ... 4 to 1? Wow...

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