DreamboatAnnie's Account Talk

[DreamboatAnnie]

ENTRY - Decided to go ahead and enter the F fund (30%). I've just never liked this fund, but ...indicators do look good. Should have entered two days ago when Stochastic and MACD crossed positive, but now that RSI has reversed and headed towards 70 line, I figure I may as well get in a little. I-fund has now dropped to the Stochastic 20 line so once it turns to go upward I will decide on an entry for that fund.

Best Wishes!

 

[DreamboatAnnie]

Hello, Here are charts 45 minutes after noon cutoff. Sorry but I was not able to post earlier. The I-Fund has now dropped below 20 on Stochastics indicator, so will be watching for it to go back up above 20 before considering an entry. Will be also watching to see if the S and C funds drop further (to go below 20 on Stochastic). If they do not get below 20 before heading back up, I will watch RSI to consider if I will risk an entry without drop below 20.

I really do not like the F fund (just because I usually lose money on it) and will be watching $TNX 10-year treasury yield chart closely for any indication that it is going to move up (inverse relationship with F fund) and watch F-fund to see if it's RSI drops below 70, which such RSI drop would mean an immediate exit for me.

Best Wishes!

 

[DreamboatAnnie]

Note: Recently a friend of mine was asking about the Price/Earnings (P/E) ratio as he had heard it was very high and should be time for market to drop. I let him know that I do not rely on P/E, trendlines or even what talking heads discuss because often they have a longer-term view of market (months if not years) and I just do not have the stomach for drops. If I happen to be in market when it gets ugly, I immediately exit to salvage what I can on that particular transaction. I also do not believe it "riding it down" to then recover a loss when it pops back up. I am trying to trade strictly based on strategy I use now that primarily involves use of 3 momentum indicators.

Best wishes to all!