DreamboatAnnie's Account Talk

Wow! Just got on today and Very surprised by your messages and likes...but I guess I shouldn't be, as you are all so very sweet. I do mean that sincerely. Thank you so much! Worked a long day and you just made my day! Hope you enjoy the charts! :smile:
 
Oh....no.... big trend line broken (I.e. blue support line on S fund, DWCPF...goes back to low of March 2020). Broke below 20 EMA and 50 SMA. Next support lower is lower Bollinger band.
So might this be a buying opportunity? Not for me... my cajones not big enough! :D. I will wait for a nice big white candle or up candle with long tail to give me some indication it will be going back up. We know it will recover especially as we begin to open up, but how much more downside before then? I also prefer to see Slow Stochastic 14,3 get down to 20 for buy in But...will see ... also, no time to see news to find out what caused it to drop... I just figure folks are going away in May....???

Please Ignore purple lines on DWCOF as these are old short-term lines marking resistance at top... need to redraw.

Dwcpf.png

SPX now.png
 
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Great charts as always! I guess those compressing bands indicated we could see some big moves soon, we are seeing some big time acceleration moves, perhaps we just trade to the bottom BB and find some support? I mean we are almost there I think. I need better glasses lol. Maybe we will bounce off the 50. I am leaning to trying to move some into S and/or C today but man if we keep falling I'm not sure I want to try and catch a potential falling knife. I have 25 mins to decide rofl...
 
Turned on TV.. Varney says Yellin said we may need to raise interest rates! and that is when more tanking. Damn ..can that woman not keep her mouth shut?? She is not the Fed chair anymore and she just keeps talking! If this is knee jerk reaction to that...maybe this is short term drop?

LTJ...agree..Bollingers are tightening. Its a tough decision to make. Best wishes to you and everyone!
 
Great video! Thanks TSP Roulette! But your right, she does have a serious problem! I always thought she was a bit off when she was Fed Chair. I also recall Groaning Pretty Loudly...when I heard she would be Treasury Secretary. Dang, I thought we were rid of her. Well as the saying goes Elections do have consequences! she is one of the "fringe" benefits!!! Lol...:rolleyes:

So far this afternoon, price is getting supported at 50 day SMA, so let's see what tomorrow brings! :D
 
Here are today's end of day charts.
Notice how intraday, on DWCPF, the candle touched the 100 SMA before (algo) buyers stepped in, at which time price rose a bit. I watching it form tail intraday. Nice! So it held. Will be interesting to see what happens tomorrow. :smile:
Dwcpf.png


SPX now.png
 
Good morning! So today is a key day. Watching to see what S fund does....maybe entry.

But also observing how much the market has risen since about August when the market reached pre-pandemic level. Then it took off like a rocket until mid-February. For S fund, it now looks like we are on a roller coaster...it dropped almost 10% in February, then rose but not as high, then dropped again to about same level (see the double bottoms of March on my last posted charts), then rose almost to high of February and now dropped about 5% as of yesterday. Also, Bollinger bands are tightening up...its about to do something big... but no idea.

I am watching for direction to enter, but will remain very watchful...because it could try to back off some. IF it does, it could drop to lows of March or lower.. really don't know. But It did drop below a major (blue) trend line, so now expect that trend line to act as resistance. Will see...


Wishing you all* the best for your market investments, and hope you have a beautiful day and a great Mother's Day weekend! :D:D:D

PS. I am going to hang and swim at the Sabinal River on Sunday...supposed to reach 91. Wooo...hoooo....and it rained a lot last week so the river is up!
 
Just one more thing. That Blue dotted trend line on the S Fund, DWCPF, goes back a Year to March 2020... with other candles coming down to test it in 2020 (those 2020 touches not shown on chart below). But in any case, it is a major trend line that got broken earlier this week. It now becomes Resistance. As for the darker purple lines, that is a Megaphone/gator Jaws formation...bearish... just saw it this morning. Not sure when it will close...it could continue forming???? but there is that major resistance to contend with.

Dwcpf.png
 
Here are charts...daily ... still watching from the sidelines. Which way should I go? :1244: Actually not seeing a higher low yet....yes if you look at DWCPF today plus prior two days, but want to give it time to form a clearer lower or higher swing high low before entry decision.... :rolleyes:

Dwcpf.jpg

SPX now.png
 
Thanks Annie! I am with you, waiting on the sidelines to get back in. All my Indicators are saying "not quite yet". Hope for a good solid go signal soon.

Sent from my SM-A515U using Tapatalk
 
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