FAB1 Account Talk

[FAB1]

Heap big resistance at 1975. If S&P can breeze past it I might buy some stocks tomorrow.

Maybe.

 

[airlift]

Heap big resistance at 1975. If S&P can breeze past it I might buy some stocks tomorrow.

Maybe.

FAB1,

I see what you mean by heap big resistance at 1975, but did you see the JTH's SPX PnF chart depicting a triple top breakout with a bullish price objective of 2179.15? Perhaps you could consider this resistance as minimal.

 

[FAB1]

FAB1,

I see what you mean by heap big resistance at 1975, but did you see the JTH's SPX PnF chart depicting a triple top breakout with a bullish price objective of 2179.15? Perhaps you could consider this resistance as minimal.

That level did hold for a while before it went higher in the afternoon. Could still be significant if the S&P falls back below it.


Was just on the tracker page and looks like 400 something users are missing?

there were just around 640 lines, and the last I looked it was over 1000...

 

[FAB1]

Looks like I can thanks bio-techs and Nasdaq slump for boosting the bonds today.

 

[FAB1]

Time for one more pump-n-dump (so Wall st. can close like the Euros did today).

 

[FAB1]

Havent come round to play since Oct of last year??

Forgetting my Pword could have caused that.

Poised to use my 1st Feb IFT when

1) S&P falls to 1830ish (last lows) or
2) significant breakout of 20d ema/ bear flags

Then probably sit out the rest of month in the F or G.

 

[FAB1]

Rounded Top / Market Drop. I think we better start looking for the bottom target as these bear flags are breaking lower. Market has been very volatile now since the Aug. dip -- 2016 is (so far) looking to be a year for quick ins & outs when market bottoms. Tricky business though.

If Oil can start to really rally that could it pull stocks up with it? Any further price loss per barrel is almost sure to cause a drag on the market. And how low can it go? Prices got down to what $18 a barrel in the early 2000's? Where would that put the S&P?

 

[nnuut]

Welcome back Fab1!!

 

[FAB1]

Welcome back Fab1!!

Hello K-nnuut!

Been visiting TSPtalk almost daily since I joined but lurking a lot mostly.
Still reading Tom's daily column and counting all the typos (ha)

You take care o' yourself!

 

[FAB1]

possible Support Levels: 1860, 1820 (Oct '14 low), 1787 (weekly-chart 200 EMA)

Pick One & after that I don't want to go there.

 

[felixthecat]

possible Support Levels: 1860, 1820 (Oct '14 low), 1787 (weekly-chart 200 EMA)

Pick One & after that I don't want to go there.

Looking ugly. Down we go. Where we eventually get down too 1812-1787 sounds good to me.

 

[FAB1]

Looking ugly. Down we go. Where we eventually get down too 1812-1787 sounds good to me. 

The trend is lower highs /lower lows. So it would not surprise me to see the 1820 level soon. Probably not today but if correct it will fall further next week. Although today's action appears to be a good entry point I will wait and see.

Hate making IFT on Friday's anyway!!

 

[FAB1]

Citi: World economy trapped in 'death spiral'

The global economy seems trapped in a "death spiral" that could lead to further weakness in oil prices, recession and a bear market, Citi warns.

We'll that's a relief I was afraid something bad was gonna happen.

 

[FAB1]

Damaged market seeking a bottom.

CNBC blurb today sez do not try picking a bottom here. Lol. Chicken!!

Looking at Tom's column and the head&shoulders weekly pattern we are either about to break lower OR have another Up Week -- which would flesh out the Right Shoulder.

Futures Ugly - if we get a intraday rally / reversal good chance of the Up Week??

 

[FAB1]

I am poised to Buy. This Week could be nice Gains before a H & S crisis. ?? :suspicious:

Quick ins and outs to avoid getting Schlonged!!

 

[Whipsaw]

I am poised to Buy. This Week could be nice Gains before a H & S crisis. ?? :suspicious:

Quick ins and outs to avoid getting Schlonged!!

It would be a 1 shot deal for the month, then sidelines till March.

 

[FAB1]

It would be a 1 shot deal for the month, then sidelines till March.

Yes - and with Feb 2014 low as possible target if weekly 200d ema is breached I might be getting me some F fund for the ride down.

No doubt the market is overvalued - the remaining question is will "powers that be" manipulate to "puff" it up so their "legacy" is not tarnished too badly. Do they dare a QE move for artificial stimulation of the (lol) deceased? What about rate hikes, etc etc.

the mind boggles.:blink:

 

[FAB1]

At 11:34am -- Don't see this as the day to catch a falling knife, tho I am sure the Tracker will show otherwise. ; )

Lots of headroom before S&P can connect with any solid resistance. 1815 is not far down tho...the 200 day could hold for a nice bottom.

I smell money!

 

[Whipsaw]

Seeing a lot of "headroom" to make money.

At 11:34am -- Don't see this as the day to catch a falling knife, tho I am sure the Tracker will show otherwise. ; )

You're seeing allot of headroom... check out the chart/video on DBAs thread, there's allot of room to drop too.

 

[FAB1]

You're seeing allot of headroom... check out the chart/video on DBAs thread, there's allot of room to drop too.

Yup.

Them Nasty Claws are mighty sharp.

Gotta watch your self playing with the Bear