FogSailing's Account Talk

[FogSailing]

Hope you're wrong buddy! Best of luck to us all! Still looking towards a little green in the market reports!

I hope I'm wrong as well. We've marched from 666 to 2941 or 2300 points over the last 9 years. That's quite a bull. It just wouldn't surprise to see stocks fall back to lower prices for a while.

FS

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[FogSailing]

Merry Christmas to All On The Forum!
Wishing all of you and your families a wonderful Christmas.

With respect to markets, here are the Fibonacci support levels: 2376 resistance and support at 2309, 2270, and 2242.

FS

 

[FogSailing]

What a wild ride. So either 2494 taken out, or downside target is 2290.
No idea on timing.
Market has a way of tricking us. With PPT intervening yesterday, and probably today, we could have some temporary relief.
But we're still headed down.
Happy Holidays Everyone.

FS

 

[FogSailing]

Took a holiday break. Just like a bear market, huge drop and surge in January out of the gate. I think it's time for more corrective action. First, resistance is at 2614 if it makes it that far before correcting. I'm seeing support at between 2515 and 2450. From there, Fibs say back to 2700. I'm holding until i see the it pullback to 2515-2450. Then a short play. More downside coming our way though.

Be safe out there.

FS

 

[FogSailing]

Ok, we are approaching resistance at 2614. I'm starting to think this is a bull trap. If it pushes through to say 2617 and people buy in, they have a long weekend to get through. I'm dubious about it pushing up further but I'm often wrong on market timing and it could be that we're headed to 2700 and then........

In any event, I feel we are still in a bear market that hasn't shown us it's full downside yet. I'm one of those folks that thinks we'll see 2100 before we see 2900.

Best to you in your trading.

FS

 

[FogSailing]

Ok, it didn't make 2614. So probably a bit of a light pullback BUT it could be in the process of blowing past 2614 next Tuesday. I'm still in hold mode. When she gets to 2525, I'll readjust my glasses and my screen.

FS

 

[FogSailing]

Looked again, 1st level of support is 2574. I think I may jump in at that time instead of 2525. Upside is likely only 2600....so a quick dip in and out is my guess..

We'll see tomorrow.

FS

 

[Mcqlives]

You are reminding me of my thoughts in December when I caught that falling knife. I am trying not to be a greedy-overconfident-ass this time and bide my time. It has been hard watching this climb since I got out at the first of the month. I am patient though...there is a good entry coming.

 

[FogSailing]

Watched the action today off and on. This morning I was feeling like taking a dip in the pool. The action was predictable. This evening I'm feeling like with May Brexit vote tomorrow, and most likely a remain vote, markets are gonna be shaky. I'm liking my original thinking. Just wait till we hit 2525 to make the decision. I'm still expecting a major pullback to 2100. This bear is not done. But there will likely be some nice squeezes in there.

Appreciate your thoughts Mcglives.

FS

 

[FogSailing]

DAX is looking like it's about to swing Positive. I Fund looks to be a good possibility for the near term. For SPX, 2560 and 2597 are support and resistance–with a bias up per Ira.Over 2597 puts the next stop around 2640.Over that,2700+.Under 2560 means the uptrend is kaput,possibly(likely) the embedded is shot too.

FS

 

[FireWeatherMet]

Interesting regarding Brexit vote. I just wonder if a strong "Remain" vote keeps markets, esp European Markets, going higher.
Bsicallly strengthens the position of the EU, as its strongest challenge or defection attempt falls flat.

 

[FogSailing]

That certainly makes sense to me. The unknown for me is whether a No Confidence Vote for PM May also brings a new government. No idea how all that plays in the uncertainty factor. The way I see today is above 2610 is good probably to 2640. If we break below 2580 for even reason, we will see a more severe pull back. If we see a bounce at 2604, I'm guessing it's a positive day.

 

[FogSailing]

The Prognosticator Is In:

From here up to 2641, then down to 2500 area and then up to 2775. From there, a drop from 2775 and buy the dips
to 2180 in May. I hope i can find this post and see if any of this is even close in May....
It's always fun to see the market with such clarity...
UNTIL TOMORROW ARRIVES ...LOL

FS

 

[FogSailing]

Well, so far so good. The only question is "Do I trust Trump and his tariff relief or not"? I honestly don't know. In the past talk of China and trade has boosted the markets for a few days only to fade away to nothing. I still think this will fade but as of this moment I think we hit 2656 tomorrow. After that, it depends. If for some reason we got above 2674, then I see us headed to the 2700's before the pullback to 2500 region.

FS

 

[FogSailing]

Market's at 2470 BUT...may not make 2674 this am. Also, this am we have israelis shooting into Syria. I smell someone trying to start another war. Because we're in a Fib turn date, a Lunatic turn date, a blood moon day and its getting awful weird out there day. I'm staying out.

FS

 

[Tsunami]

Market's at 2470 BUT...may not make 2674 this am. Also, this am we have israelis shooting into Syria. I smell someone trying to start another war. Because we're in a Fib turn date, a Lunatic turn date, a blood moon day and its getting awful weird out there day. I'm staying out.

FS

Did you see the year that the lunatic's lunar system put in last year?
Simply going back and forth every 2 weeks following the lunar cycle would have netted an amazing +1306 Nasdaq points and avoided a loss of 2191 points!
https://lunatictrader.com/performance/
That system is off right now though since it says to get back into stocks this coming Wednesday, but I think (thinking hasn't worked for me much lately ) the market is about to start a pullback. Futures are down about a half-percent, no resolution of the partial shutdown...a story is out about how NK has built a new missile base HQ's...maybe bad news will start being bad news again for a while.

Who knows how big the pullback will be though...just a couple days, or does something more staggering lurk? :1244: I'm out until February regardless and happy with my 6% gain for January.
https://northmantrader.com/2019/01/20/coming-soon-retest/

 

[nasa1974]

Did you see the year that the lunatic's lunar system put in last year?
Simply going back and forth every 2 weeks following the lunar cycle would have netted an amazing +1306 Nasdaq points and avoided a loss of 2191 points!
https://lunatictrader.com/performance/
That system is off right now though since it says to get back into stocks this coming Wednesday, but I think (thinking hasn't worked for me much lately ) the market is about to start a pullback. Futures are down about a half-percent, no resolution of the partial shutdown...a story is out about how NK has built a new missile base HQ's...maybe bad news will start being bad news again for a while.

Who knows how big the pullback will be though...just a couple days, or does something more staggering lurk? :1244: I'm out until February regardless and happy with my 6% gain for January.
https://northmantrader.com/2019/01/20/coming-soon-retest/

I clicked on the link and he has almost 10 years of data. But how does it work? In the market and then totally out until the next phase and during the green phase when is the best time? The beginning, the middle or the end? Since I have some time on my hands I might try adapt it to the "C" fund and see what happens. No promises though.

 

[Tsunami]

Yes, you simply go into stocks at the end of the "red" lunar phase, then get back out on the last day of the green phases. The phases start/end two to four days after new and full moons, usually 3 days. If you're really brave you could even short the market during the red phases (not with the TSP of course, but you'd sit in the G or F funds and make a little money). If you look back at past years this method doesn't always work every year, last year was an exceptionally good year for this method. It just shows how lunar phases affect human psychology somehow, and thus the markets among other things...like how emergency rooms tend to fill up around full moons for example. He sells a software program that will give you the exact dates for decades into the future.

 

[FogSailing]

Thanks TS. I am familiar with lunar cycles. That means I've read a little about them. Big Whoop..Woo Woo..
I currently think we are in a pullback period, although tomorrow will likely see a bounce before the ............
D
R
O
P


FS

 

[Whipsaw]

Futures are up... :notrust: