You have mentioned the possibility of a double bottom, and I believe we might have done so. Correct me if I am looking at the wrong places for the double bottom. I opened a chart of the benchmark S&P500 (SPX in Stockcharts) by using the setting 10min, 5day period and seems that it shows a double bottom by looking at the lows on August 6 (1427.39) in conjunction to the low point yesterday, August 10 (1,429.74). If this is correct, we might see the USM bouncing before the OSM -- it would be a welcome event!
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Or you can now use TapaTalk again!Gilligan's Account Talk
- Thread starter Gilligan
- Start date
The truck fired right up little buddy; love the Holley electric pump.
By my charts... the I triple bottomed to a deep -8.6%, The S struck bottom 4 times (the 3rd @ -9.4%) and the C struck bottom 4 times (the 3rd @ 7.7%). I see upward mobility coming our way. I can also see more downward mobility as well (credit woes). But I'm willing to bet the bulls have had enough of this spastic bear $hit and are ready to trample for a few days.
The way I see it... if you were lucky (frustrated) enough to be on the side-lines and missed this 7.7%-9.4% dance, then going in now is a worthy risk; a technical buy. JMHOFWIW.
Gilligan
Analyst
- Reaction score
- 20
I don’t know if this is the double bottom or not but I like to buy low & sell high and these prices look low enough for me, especially the I fund. The market might drop another 5% but I’m still beating all the funds. I believe that we will see new highs in the next 3 months.
Gilligan
Analyst
- Reaction score
- 20
I am contemplating staying in the S fund for the rest of the year. My main concern is the I fund, last year the I fund was the best fund so that fund could pass me by. Now if we get another Hindenburg Omen, or the sentiment survey gets a reading greater than 4.0 or Ebb gets 4 stop signs then I might move back to the G fund.psst... Gilligan little buddy... Ebb can only get 3 stop signs at a time. :cheesy:
Gilligan
Analyst
- Reaction score
- 20
If Ebb thinks the markets are headed for another tumble, he might post a 4th stop sign!:nuts::blink:
Aspiration
Market Tracker
- Reaction score
- 2
Lol Pal!
Gilligan
Analyst
- Reaction score
- 20
I’m still holding 100% “S” fund that I’ve been for about the last 3 months. If I would of known that the dollar was going to drop so much, I would have left it in the “I” fund. I know from experience that you can’t drive forward by looking in the rear view mirror, otherwise you might end up in a lagoon.
I haven’t been posting here much because my log home is still under construction and I’m doing the 100-10-3-1 on another income property. I would like to close on one before the end of the year but time is running out. This year is going by so fast!
Gilligan
Analyst
- Reaction score
- 20
Airlift,
I still check in to TspTalk from time to time. I don’t know what the stock market will do right now, so I stay in the S fund for the time being. I’m concentrating more on Real Estate right now, there are a few bargains out here. I almost had a good one, but someone else offered 25K more on a 750K deal.Similar threads
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