DreamboatAnnie's Account Talk

Thank you again DB for the comments and charts. much appreciated. i also missed an entry point hoping to catch a short term bump. but, i can't see how this thing keeps going up. so, i'll just wait and see what happens.
best of luck to all. have a safe and happy 4th of July weekend!
 
Charts as of few mins ago. Sticking with my plan. Will see what happens next week. On S fund, price holding just slightly above 10 EMA and still above that top blue support line. Wishing you all* a Happy Independence Day! :smile:

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Thanks DBA! Used your charts in deciding to move from 100S to 100C today based on the Slow Stochastics of C being firmly embedded (over 80) which appears to be better than S which is flirting with becoming un-embedded. I still feel the market will be trending up this month given NAAIM, seasonality and continued low rates, but I would like to be in the fund that looks strongest. Should have made the move using my last IFT in June instead, but wasn't on top of it. Thanks again for the detailed charts and have a great holiday weekend. Good luck to all.
 
Your welcome Flalaw! :smile: C fund has steadily been rising for some time now. C fund started day strong and did even greater as day went on! Nice move! It broke its short term trendline yesterday and exploded today!

I thought about switching to C fund too, but decided to stick with current belief that S fund will come down to test support and then go up since breaking through the longer term (blue) trendline. If we had even one or two more IFTs I likely would have done the same thing. Hummm... Hope I don't regret not moving ... :scratchchin:

Wishing you the Best!

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Wishing you all* Avery Happy Independence Day! May God bless you, your families and the USA! May freedom always ring in our country....home of the Brave!

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Your S-fund chart - end of April through early part of May looks similar to what they are now. Hope it doesn't do the same for S's sake. Meanwhile then, the C & I didn't fare so poorly. Hmmm. Thx for posting !
 
Yes FAAM, Te C fund is definitely doing better. It has been on steady path up, and is making higher highs and higher lows (up trend).

At this point, I hope S fund will keep being supported. It is dropping. As you can see, price is just under the Blue mid-term trendline that it broke above about 1.5 weeks ago, and intra-day came down and touched the short term trendline (purple) before bouncing back up. So, its holding for now! :smile:


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Here are COB charts for today. S Fund continues to drop while C and I fund are advancing. S Fund is only supported by the short-term trendline. Eeeeee....:worried:
I am regretting this buy, and debating on whether to exit fully or move to C fund. If tomorrow does not bring a bounce, I should exit. Will see....:rolleyes:

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So, until a few minutes ago, I was thinking to exit, but my true insanity has kicked in. :nuts: I am not exiting... someone please pass me some gorilla glue for my loosening sticky pants! Ughh.... Looking at Weekly charts for S and I concern me so will be watching. Weekly C and F funds look pretty good. At some point I should switch to C and F but not today.

Daily Charts...just plain ugly! Best wishes to you all.

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I am looking at a strategy that would identify entry and exit points based on "seeing enough daylight" betweeen the two lines in the slow stochastic. It appears that when there is about a 20 point difference between the two lines (14, 3), that might indicate a point to get in or out depending on which line is on top. It may not be at the very peak or at the very bottom but it seems that the lines are together in between those peaks and valleys. For example, right now on the chart for the I fund, the two lines are very close (both above 80) and I think if they split by more than 20, it is time to get out. I haven't seen them both track down steadily at the same pace but maybe that is just the nature of the chart. Thoughts?
 
Hi Flalaw, You raise some very good questions and observations on Slow Stochastic! :smile:

I always consider Slow Stochastic for entry/exit as part of review of indicators, candles and trendlines and the markets overall trend. I do place a good amount of confidence in Slow Stochastic momentum indicator for my decisions but I also use EMAs and trendlines heavily. It is probably my favorite indicator.

A good amount of "daylight" does occur when momentum is strong in either direction. If I use it for entry, after considering trends and EMAs, etc, I like to enter after it has dropped below 20 and is rising. I also like to see MACD (default setting=12, 26, 9) rise above its signal line within 3 days of the Stochastics signal line (%J, 14) rise above 20.. To me this confirms the short-term uptrend. Also, the severity of the Slope for both confirms the strength of the upswing. If MACD does not follow and cross its signal line upward that indicates to me that it could be failed or more likely a weak short uptrend. Also, if Slow Stochastic drops from above 80but does not reach 20 before it reverses and starts going back up, that also seems to indicate the new upswing is a bit weak.

Also, notice how price typically closes below 5 EMA when price is going to drop further. Also, price starts to pull away from upper Bollinger band and meander sideways for a bit. Also RSI 2 (faster than 14 default) often shows a down trend before Slow Sto drops below 80. I tend to think that if one waits to exit when the Stochastics %K line (14) and %D line (3) has a difference of 20, one could experience a fairly large loss. The two lines will not move at same rate due to mathematical formula behind how each line is computed.

See the differences between early November to December 2020 versus Feb-April 2021. Click Link for clearer view of wide chart. Notice how when price drops near end of December, RSI 2 was the best indicator (drops below 70) by a day or so faster than the other momentum indicators. Best Wishes to you and everyone* !! :smile:
CLICK LINK https://schrts.co/ziMxvIJb


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Thank you for all of the detail! I think that what I was sensing was that "strength" of the trend and you are definitely right that you may experience a significant loss waiting for that much separation. I will do some more studying on the MACD and RSI - so many indicators, so little time :) Thanks Again, good luck!
 
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