DreamboatAnnie
Well-known member
Thinking to exit further or to exit equities completely. The weekly charts look okay, but the daily charts don't because of the Friday afternoon drop. It was enough to affect an EMA cross over I use in my strategy.. So, this triggered an exit signal for me.
But its hard to act on it only because the drop was apparently "headline" driven and related to China trade! ugghh…. Liz Clamen reports that the drop occurred when the Chinese delegation was told to cancel its visit to meet with the Montana farm bureau a few hours after President Trump made a comment, while visiting with Australian PM, that agricultural products alone would not be enough to cinch a trade deal and also said he wants a longer term trade deal (versus partial deal). Hummm…..so maybe they felt it was a waste of their time.... I don't think they really understand that they can't keep stealing intellectual property and operating as they have in the past. It's gonna be tough to get a deal.
In any case, September is notorious for not being positive and October is known for volatility so ….here we go! I refuse to wear Sticky Pants this Fall.... as that can really bite.
I already put my IFT in to cut equity% in half for S and C fund on Monday, but may cancel and totally exit in the morning. Will see how it goes.
Best Wishes to you All*!!!!!!


But its hard to act on it only because the drop was apparently "headline" driven and related to China trade! ugghh…. Liz Clamen reports that the drop occurred when the Chinese delegation was told to cancel its visit to meet with the Montana farm bureau a few hours after President Trump made a comment, while visiting with Australian PM, that agricultural products alone would not be enough to cinch a trade deal and also said he wants a longer term trade deal (versus partial deal). Hummm…..so maybe they felt it was a waste of their time.... I don't think they really understand that they can't keep stealing intellectual property and operating as they have in the past. It's gonna be tough to get a deal.
In any case, September is notorious for not being positive and October is known for volatility so ….here we go! I refuse to wear Sticky Pants this Fall.... as that can really bite.
I already put my IFT in to cut equity% in half for S and C fund on Monday, but may cancel and totally exit in the morning. Will see how it goes.
Best Wishes to you All*!!!!!!



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