DreamboatAnnie's Account Talk

[DreamboatAnnie]

Hi here are today's charts as of a few mins ago. Yep, yesterday closed down and today's a stinker as well. The I fund is now riding the lower Bollinger band down and S fund looks like it might follow as it is now touching the lower band. C fund looks to be in the best position, and it's not looking that good.

Notice the 10 MA crossed below 20 MA yesterday, and price fell below 50 MA. But it can bounce...no telling. I probably will not enter until next week, but will see.

 

[DreamboatAnnie]

Here is 2021& 2018 S fund chart ...look at from November to December. My comment meant to emphasize that it was a roller coaster and December was a stinker. S funds been a roller coaster and range bound all year until last few weeks.


View attachment 51962

 

[DreamboatAnnie]

Just as FYI.. There was a Santa rally in 2018 but it didn't start until the day AFTER Christmas. That was a humbug year!



But it does look like this might bottom next week. Will see..

 

[DreamboatAnnie]

Hope you are looking forward to a beautiful day tomorrow. I am busy and starting to prep sides and Turkey to throw in oven early tomorrow morning. Will make the pie crusts in a bit to bake a Cherry and Pumpkin pie this evening. yum.yum....


Here are charts for today. Starting to look better!!! S fund has price that has now risen above 50 MA and Slow stochastic has crossed above its signal line headed up, but still under 20. Looks like it's close to entry point. Just hoping it's not a DCB. Best wishes to you all!! :smile:

 

[DreamboatAnnie]

Happy Thanksgiving!

 

[DreamboatAnnie]

opsey! dup deleted! :smile:

 

[DreamboatAnnie]

Here are charts as of a few mins ago. Well... I had heard news of Covid variant issues in Africa and Europe. FBN reports this is what is affecting market. That may be true, but I am bothered by S fund having larger drop than I fund. Thinking, why would S fund small and mid-caps be affected more than I fund, as you would think they have the larger exposure at this time. If you have an idea on that, please comment.

Also noticing S fund price has now dropped through support of the longer-term lower (blue) trend line that goes back to Feb 2021. So, wondering if this drop has legs??
The decrease since the high of about 2298.83 on 11/5 is now at -7.67%.

I wanted to enter when I first saw drop, but will hold off again. Will revisit this on Monday. Market closes today at 1PM ET, but our IFTs still cut off at noon ET.

Hope you had a happy and blessed Thanksgiving! :smile:

 

[ravensfan]

No idea why S fund is lagging behind the I fund today but so much for this historically being one of the better weeks of the year. Hopefully this is just a one day flush sale and next weeks "historically bad week" does not materialize.

Hope you had a great Thanksgiving!!!

 

[DreamboatAnnie]

Hope you had a good Thanksgiving too Ravensfan! I was just reading your post on your thread and just to confirm, today is 2nd Thanksgiving! LOL. :laugh:

I recently re-watched Lord of the Rings, Fellowship of the Rings, Extended Edition. Wow! So beautiful! So epic! Ran 3 hrs, 50 mins long...woooo.. Definitely took intermission breaks but well worth it. So next up is the 2nd and 3rd. Want to refresh before I start watch the Hobbit Trilogy. yes, I know Hobbits take place before LOTR, but I must re-watch as it's been more than 10 years since I watched Lord of the Rings trilogy.

 

[quabit]

Here are charts as of a few mins ago. Well... I had heard news of Covid variant issues in Africa and Europe. FBN reports this is what is affecting market. That may be true, but I am bothered by S fund having larger drop than I fund. Thinking, why would S fund small and mid-caps be affected more than I fund, as you would think they have the larger exposure at this time. If you have an idea on that, please comment.

Also noticing S fund price has now dropped through support of the longer-term lower (blue) trend line that goes back to Feb 2021. So, wondering if this drop has legs??
The decrease since the high of about 2298.83 on 11/5 is now at -7.67%.

I wanted to enter when I first saw drop, but will hold off again. Will revisit this on Monday. Market closes today at 1PM ET, but our IFTs still cut off at noon ET.

Hope you had a happy and blessed Thanksgiving! :smile:

Well there it is. I was hoping it would close that gap the other day. Now there should be a gap above after today's close. I wish I had held off like you but I was determined to follow the seasonality system this holiday period. It is what it is. Guess I will be riding this trade for awhile. To much of a lost to bail now. I wonder if this continues how the Fed will react in Dec if the vaccines aren't affective and the Economy takes a hit. Although if they are affective the market could shoot up pretty quick. Something to ponder. Either way my fate is sealed for awhile. Best of luck

 

[DreamboatAnnie]

Sorry to hear this Quabit. I am sure many others are in same position, not that this would make you feel better. You may want to set a stop loss point to make sure you don't fall down a deep rabbit hole. It's much harder to come back from a larger loss, if this is start of more downside. I am watching to see what happens Monday. I should hooegre will be a bounce on Monday. But no telling as seasonality for last two days of November are red days.

 

[quabit]

Sorry to hear this Quabit. I am sure many others are in same position, not that this would make you feel better. You may want to set a stop loss point to make sure you don't fall down a deep rabbit hole. It's much harder to come back from a larger loss, if this is start of more downside. I am watching to see what happens Monday. I should hooegre will be a bounce on Monday. But no telling as seasonality for last two days of November are red days.

Thanks. I bought initially and then jumped when COVID first hit in 2020 and should have just been patient. I am usually very cautious but this time I decided to stick to the plan and bought when it said. Next week will be the decision since it says to bail on 30 Nov iuntil mid Dec but to be honest I don't know if I will. I just may ride it to the bottom. As you said the S fund is already almost down 8% and we really hadn't had a good 10% correction in awhile. It may take a bit to rebound but I have some time. I may just need to walk away an not watch it for awhile so I don't see the losses. As they say it isn't a loss until you sell. On my chart it looks like today low bounced off of the lower trend line dating back to Apr 2020. I also noticed that when the RSI on the Daily dips below the purple it doesn't stay long and we get a pretty good bounce. I know my trends are not exact. I was just shooting for ball park.

 

[quabit]

Sorry I meant going back to Apr 2021 not 2020. It was to late for me to edit. By the way posted this news article from Reuters on Amobeba's thread but figure I would share it here too. Hopefully this is the case and the new strain will just be mild. Per the article a Dr in South Africa has only seen mild cases and are treating them at home. No low oxygen levels etc. https://www.reuters.com/world/afric...n-variant-have-very-mild-symptoms-2021-11-28/ Praying it stays mild.

 

[DreamboatAnnie]

Hi Quabit, I hope it stays mild as well. I figured it was 4/2021 per your very nice daily chart! Futures are up right now. Will see if uptrend resumes tomorrow. I would like to use my first IFT to enter before month's end. Hoping to enter tomorrow or Tuesday. Best wishes to you and everyone!

PS. My trend lines are a little different because I only use closing prices (candle bodies) to draw trend lines. The top line is drawn using swing highs (top of clear black-lined candle or bottom of black-filled candle) while bottom line is drawn using swing lows (bottom of red-filled candle, or top of empty red-lined candle). I use the Blue trendlines for longer-term timeframes preferably multiple years connecting as many swing highs and swing lows as possible; although the pandemic drop has me wondering about how to draw the longer-term lines (i.e. Ignore as outlier or consider it). The purple lines are for current short-term lines that should only connect the last two swing highs and swing lows. As you can see, using these criteria, it's clear I need to redraw some of my short-term purple lines...Maybe later tonight:smile:

 

[DreamboatAnnie]

Weekly charts for broader perspective.

 

[mmk119]

I hope everyone had a great thanksgiving. been off air not looking at charts or tsptalk. Just catching up on all your new icon Pics DB... awesome as always, love them all! I had a great thanksgiving and was planning on taking advantage of an up day on Friday. However, I missed the whole friday news and moves. I had a friend who was hunting and no one had heard anything from him since that Tuesday. so, when his daughter called, my brother and I went looking for him. He was safe - just out of cell range having a good old time in the wilds. almost had to have him rescue the rescue team ha ha ha. but, glad he was safe and we all had a mini adventure. Now to face the markets.... oh my.

 

[DreamboatAnnie]

Hi MMK, Thank you! Glad you like tge charts & pics....
Its great taking a break from market! Glad to hear your friend was okay and just going it alone! :smile: Wishing you the Best! :smile:

 

[DreamboatAnnie]

Hi, Hope everyone had a happy Thanksgiving! But wow...the market did not rest, took a dive due to new fears about Covid variant and inflation. We have a minimal bounce today, when compared to drop on Friday. I am still deciding but likely will not enter.

Here are charts as of a few mins ago.

 

[Valkyrie]

I hope everyone had a great thanksgiving. been off air not looking at charts or tsptalk. Just catching up on all your new icon Pics DB... awesome as always, love them all! I had a great thanksgiving and was planning on taking advantage of an up day on Friday. However, I missed the whole friday news and moves. I had a friend who was hunting and no one had heard anything from him since that Tuesday. so, when his daughter called, my brother and I went looking for him. He was safe - just out of cell range having a good old time in the wilds. almost had to have him rescue the rescue team ha ha ha. but, glad he was safe and we all had a mini adventure. Now to face the markets.... oh my.

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[shitepoke]

DBA. hope you had a wonder...full thanksgiving. trying to remember the rules you used to follow for entering the market. can you do a quick rundown again for your stochastics. or lead me to a post number. would like to attempt to understand again. and are you following your rules this time or going with the gut feeling. hope i am not catching a falling knife as i entered S this a.m. EJJ