love-to-bike
Member
Since being vested in the I fund since July 23rd, it's too late to bail now. Should have cut my losses earlier, but hey, I'm a optimist (albeit poorer than I was a month ago).
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Is 5.5% not getting anyone's attention? My gut tells me Monday morning Asia will continue down. They have dumb money just like us. They have all weekend to think about capitulation!
I smell an afternoon sell off coming, staying with the I-fund move though because, I see another -FV getting stacked on with today's FV correction.
I smell an afternoon sell off coming, staying with the I-fund move though because, I see another -FV getting stacked on with today's FV correction.
Griffin,
I'm having second thoughts about the "no brainer". Since the market is well off this morning's high, I can see it finishing up 300+ causing a +FV. It would not be that bad since Japan will rally hard on Sunday. But if the market closes down -300, it will be black Monday.
We need the Dow to be at 200+ before the deadline.
.....this is a one day deal for good or bad, I'll take what I get and smile about it - it's only money, the government will print more.....
this is a one day deal for good or bad, I'll take what I get and smile about it - it's only money, the government will print more.
Capital One could make for a tuff day.I just read Tom's comments and the first thing that jumped out at me when looking at the series of four instances where the market dropped significantly below 200 dma charts, is the time frame. It's no suprise to any timer that this game is all about timing. :toung:
Those patterns of test and retest evolved over several weeks, so if we were to drop down to Thrusday's intraday low within the next couple of days, we would still be wrapping up the first leg of the trip down. What I'm saying is that a new low soon, doesn't represent a retest, it represents the inital push down - which certainly would fit the historical patterns, given that we did not remotely close anywhere near Thursday's intraday nightmare low.
The bobble heads on CNBC this morning where already trying to put that whiney - "The Fed has admitted that the situation is desperate" spin on the discount window rate correction. So, although I certainly don't want that fear kicking in today (I'm in the I today on a one day venture), we have to assume that at some point soon, some negative piece of news will lend credence to that viewpoint, and we move down.
The Bears are still very hungry.
Capital One could make for a tuff day.
I don't know if I want to be in or out right now.