DreamboatAnnie's Account Talk

Looking at minute charts, there were gains this morning but dropped off shortly after the open and more sharply after 11 ET on C fund and I Fund.

01 - S FUND - DWCPF DAILY.png

02 - C FUND - SPX DAILY.png
 
Charts. The market continues to skyrocket, with no ill effect by quadruple witching. I continue to sit on the sideline with no plans to enter. My last buy in resulted in a quick loss and I decided there was too much volatility. I will need to regroup this weekend.

Best wishes to everyone*! Hope you have a Great Weekend! :D:D:D

01 - S FUND - DWCPF DAILY.png

02 - C FUND - SPX DAILY.png

03 - I FUND - EFA DAILY.png

04 - F FUND - AGG DAILY.png
 
I rode it out frozen in the headlights. losses cut in half at this point. remain 60%G 40%C (or it was that before the roller coaster)
 
Okay, so 2 days embedded on SPY and 1 day (today so far) embedded on DWCPF. We need 3 days in a row to be fully embedded on either.
SPY hugging the upper Bollinger Band, and DWCPF lagging, not quite there yet.
If SPY stays embedded for one more day, then I'd be jumping in 100%. We shall see. . . . .

 
Hi Epic, Maybe watch out for overhead resistance. Ira Epstein likes entry when price is over Bollinger midpoint, but before it reaches 70 on Stochastic. That usually happens fast. He also believes pros take some money off the table when upper Bollinger is touched. He uses window envelopes to take profits but his numbers on that are proprietary. I have gotten in just After it touches upper Bollinger (late entry) and before its fully embedding but it's risky because sometimes it doesn't continue up.

I used to count days from bottom to exit near day 10-13 (when more normal market) or to watch for price to move away from the upper Bollinger, which is usually when it starts to consolidate or drop. Just depends on how early you get in as to how long to stay. As of late, I like to watch 3-day EMA for a breech and indication price may drop soon and like to take profit on big days up to pocket something.

Best wishes to You and Everyone! :smile:
 
​Well, we'll see. I just know that this Bologna sandwich and Ramen noodle soup diet is gettin old quick, and it's not doing a thing for my girlish figure......:laugh: I need some MONEY (and some real food) !!!
I'll check out Ira's updates this evening. I've never sat on the sidelines this long before...... UUGGHHH....
 
Me too! I am getting tired of sitting on the Lillypad :(

PS. I should also mention that right now the rallies up are very strong and quick (while we are in this overall downtrend) but those rallies are not lasting long (maybe 3-5 days). This one seems to be on day 6, so I continue to watch how this one finishes. These counter rallies can generate money but must be quick to get in and then quick to reduce exposure to pocket some of it. Risky and stressful... BUT..I did notice that the high this week has gone above prior swing highs for both DWCPF and SPX. That is promising. Maybe it drops a bit now to test new support before moving higher???
 
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Hi Epic,
I just looked and SPX is at day 3 with both Stochastics lines above 80 so I think that would be considered embedded if it Holds into tomorrow. DWCPF is on day two today.

Hi Felix,
I tend to agree we are on borrowed time, but anything can happen. If a positive in Ukraine, that could cause it to soar short term. But lots of talking heads think as earnings come in next month, market will drop. just hearing more inflation expected, plus GDP number to drop from over 7% to 3.x%??? As I recall, 3% used to be good and a drop should be expected so not sure why that should rattle the market. I tend to think inflation and any further oil increases would be the heavy hitters to knock market down. But anything could happen.

Will see... Too volatile for me right now, but I must say I was very tempted to enter today.

Best wishes to you both and to everyone! :smile:
 
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