Hi Whipsaw!!! Thanks for the Great Song!! :smile: I'm back!!!!! I'm going to post a nice song for you later tonight!!! Thanks again....
I've been out and about some...went to swim at Hamilton Pool near here this past Thursday... so beautiful. The water dripping from the stalactites (on top rim) is very cold but the water in the pool and coming off the water fall is sun warmed and not as cold. Its a 1,000 drop hike down into the ravine to get to this swimming hole. It was once an underground cavern that collapsed and so now it is just fed by the Spring water dripping and running into it.
But I am Kinda of bummed about not being in the market. But the bright side is that I have been looking at my strategy more closely. But the more I look at it the more I like my entry strategy but not my exit strategy as I get out too soon. Also, looking at using Weekly charts a bit more.
I think the market continues up for a bit longer. Scared to get in it since it is sooooo high. But looking at the daily and weekly charts for C fund... Wow... the Bollingers are so very contracted right now. Looks like more huge moves coming. Hugging the upper BB so ....hum.... while my entry point has not really hit (because Slow Sto is not below 20 yet), I am still debating on an entry based on Weekly Charts. Will see....
Check it out for C fund (Weekly chart) - I like th the 10, 20 and 50 week EMA lines are all sloped up, the MACD is positive and is still climbing. While Slow Stochastic is way up there and must come down, historically, you can have that go up and down for a time and still be climbing. But we all know what typically happens in Sept/Oct and sometimes in late August .... so beware.
S&P 500 Index, SPX Advanced Chart - (SNC) SPX, S&P 500 Index Stock Price - BigCharts.com
Here is the C fund (Daily Chart) - Can definitely see the super contracted BB on this chart. Again... all EMAs sloped up. MACD is negative but holding steady.. Slow Stochastic is up there. Hummm.... just don't know which way this is going to break. I tend to think it will break up for at least another week or two... but that is just a guess.
S&P 500 Index, SPX Advanced Chart - (SNC) SPX, S&P 500 Index Stock Price - BigCharts.com
Best Wishes to you and Everyone on your Investments!!!!!!!!!!!!
