Show-me Account Talk

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If you look at a candle chart of the S&P 500 and the FTSE, they have touch the 200 day sma and resistance. The S fund and DAX are topping out in line with their last run just below the 200 day sma. Resistance and risk for now.
 
Show-me said:
If you look at a candle chart of the S&P 500 and the FTSE, they have touch the 200 day sma and resistance. The S fund and DAX are topping out in line with their last run just below the 200 day sma. Resistance and risk for now.
Click to expand...

I've had my eye on the 200 SMA too. And Europe is now starting to slip into the red...
 
Well I am pleased with my action this week. The TA this week showed weakness from the major funds due to overhead resistance from the 200 day sma. If we still had the option of unlimited IFT I would have bought the sell off for the dead cat bounce and then exited for the weekend. NOT a option anymore. That still sucks. My next entry point will reveal itself in due time, either a solid rise above the 200 sma or a significant pull back below the 50 sma and into the lower bollinger band. The latter is the one I would feel the most comfortable with. :D

http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=6&dy=0&id=p36841493207

http://stockcharts.com/h-sc/ui?s=$EMW&p=D&yr=0&mn=6&dy=0&id=p99362050642

http://stockcharts.com/h-sc/ui?s=EFA&p=D&yr=0&mn=6&dy=0&id=p95900026330

http://stockcharts.com/h-sc/ui?s=EFA&p=D&yr=0&mn=6&dy=0&id=p95900026330

http://stockcharts.com/h-sc/ui?s=$DAX&p=D&yr=0&mn=6&dy=0&id=p04290389502
 
Show-me said:
Well I am pleased with my action this week. The TA this week showed weakness from the major funds due to overhead resistance from the 200 day sma. If we still had the option of unlimited IFT I would have bought the sell off for the dead cat bounce and then exited for the weekend. NOT a option anymore. That still sucks. My next entry point will reveal itself in due time, either a solid rise above the 200 sma or a significant pull back below the 50 sma and into the lower bollinger band. The latter is the one I would feel the most comfortable with. :D
Click to expand...

Agreed...but when???
 
Just want to give a shout out to Greg Long and Tracy Ray......................you both still ....................I wouldn't ...........if you were ...........:p:laugh::cool:
 
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Howdy SM..Just thought I'd stop in and say Hi..and Merry Christmas...Hope you're doing well and feelin good these days..God Bless.
 
Gee Tom I can't even figure out what I wrote, something about toads, testicals, urine, and fire. LOL

Hi Buster! Merry Christmas!
 
Show-me said:
When the chart sez so.
Click to expand...

Show-me,

When I asked "when" it was one of those times when I was looking for a magical answer to appear. Now that I have read your response I must admit that your answer, in its own special way, was everything I hoped it would be:cheesy:. Plus it makes me wish I had not asked it on your page.

Hope you have a great Christmas and that we get a white one here in the midwest!
 
Mcqlives, no harm. I'm a slave of the chart and a intrusive FED. That with limited IFT makes me unstable. You have a great Christmas too.
 
Time to crank down the sphincter muscle as I hope I read the charts right and see a bounce in the next few days.
 
Show-me said:
Time to crank down the sphincter muscle as I hope I read the charts right and see a bounce in the next few days.
Click to expand...

Oh man! Post of the year right there!
emo30.gif


It's funny, 'cuz it's true.
 
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