Nice to see the prices going up. I am now above my entry point on Monday...wheewwwww.... :nuts: I was starting to think I made a very bad mistake to enter market. But will see....I do like that prices are still in the 10 day EMA channel, Bollinger bands sloped up, MACD still has breadth above its signal line. Slow Sto now changed direction upward; but it is a momentum indicator so it always reflects that... but nice to see it going up. Means there is hope!!! More importantly, the 20 EMA is crossing upward above the 50 EMA on some equity charts. It is approaching it on the I Fund (EFA) chart as well.
So at this point, will stick with it... still looking to exit next Tuesday but will see how it goes....
Reportedly the euphoria of EU QE/negative rates should not last long... I mean really... eventually some reality should set in. Really thought about exiting today, but will "gamble" a little longer. Historically, when the 10 and 20 EMAs cross above the 50 EMA, it is OFTEN an indication the bottom has been seen. Look back at 2009, 2011, etc. But then again.. anything can happen so will stick to those daily indicators and not bank on anything...most prudent thing to do. If the bottom falls out quickly, which it still can, I will be only 50% invested which is a prudent overall strategy when in an overall downtrend. This is a nice Counter Rally though! Will enjoy it while it lasts. :dance:
So this is a nice way to start the weekend and a good way to blow off some steam is ........ yes... Karaoke night!!! Woo Hoo...... and a few jello shots to boot!!! Now market, don't you dare blow my high by days end!! :laugh: maybe I should just close my eyes!!!
Hope you have a Great Weekend!!!! Best Wishes to Everyone on your investments!!!!!!!! :smile:
P.S. Happy Happy Happy...Joy Joy Joy!!
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