Spaf
Honorary Hall of Fame Member
The Kingdom of TSP
Playing the Trading Range
The G and F funds are the only ones not range bound. Playing a trading range is kind of hard to do. However it can be done. Better with some help.
We are oversold and approching the support of the range bound equities. Friday is not a good day to take a position, because events could happen over the weekend. Monday will probably be the best day to keep a IFT ready. If the range bound cycle holds, then early next week, based on the candlesticks. If the cycle starts up (see histogram) I might try playing the cycle.
This is still a maybe situation, because swing trading is risky. Will the support level hold? And, will the buyers take over?
