Testing the Sept. low. August's next?
Oct 2014 support in play now looks like (not shown above, sorry, need to figure out how to post charts here). I do like TSPTALKS's post. Relief rally on the way. Watching for that for sure.
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- Thread starter tsptalk
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Oct 2014 support in play now looks like (not shown above, sorry, need to figure out how to post charts here). I do like TSPTALKS's post. Relief rally on the way. Watching for that for sure.
- Reaction score
- 1,436
I don't know. If it looks like a loss. And feels like a loss. And you have a margin call from your broker ... it's a loss. The only one who doesn't know it is a loss until it's sold is the IRS.
- Reaction score
- 1,436
Good catch.
Was that support? (consults rearview mirror) :worried:
exnavyew
TSP Pro
- Reaction score
- 254
Selling the rallies? Yuk.
Asian stocks fail to hold gains, turn lower along with oil - Yahoo Finance
I watched as the market barely even flinched as it fell through 15,5 on the dow and broke the Oct 2014 spx support. There was a bit of a dead cat bounce but even that cat couldn't help but give some back. Lower lows, lower highs. For me, I need to see the basic reversal signals and confirmation on one hand, but I also really want to take part in the relief rally. We can drop 500 pts in a flash, we can also bounce big time too. No guts, no glory, but you go first.
j/k I am watching some of you old salts here and elsewhere though.
Warrenlm
TSP Legend
- Reaction score
- 93
The long effort to preserve and inflate housing prices in the US, to preserve the wealth effect and the confidence of the people, is in question apparently. Perhaps the millennials have it right: rent and move. (Of course that changes society's home ownership culture). Mr. Armstrong presents this unsettling graph, purportedly based on Case Shiller.
View attachment 36748
Real Estate Cycles & International Value | Armstrong Economics
weatherweenie
TSP Legend
- Reaction score
- 101
So much for that. Nikkei closed -2.43% Shanghai -3.22% Our futures are down about a half percent.
A nice bounce in Asia so far, but a long way from covering Wednesday's big losses.
userque
TSP Legend
- Reaction score
- 36
So much for that. Nikkei closed -2.43% Shanghai -3.22% Our futures are down about a half percent.
Lol...you're throwing in the towel and the markets don't even open for over 1.5 hours from now.
weatherweenie
TSP Legend
- Reaction score
- 101
It was a statement of fact, referencing the negative turn around in the Asian markets, and our futures. Pay attention.
Lol...you're throwing in the towel and the markets don't even open for over 1.5 hours from now.
userque
TSP Legend
- Reaction score
- 36
Lol...relax weenie...I did come in peace. Anyway, "So much for that," is not a statement of fact.
weatherweenie
TSP Legend
- Reaction score
- 101
Lol...relax weenie...I did come in peace. Anyway, "So much for that," is not a statement of fact.
So glad you're here to set me straight.
- Reaction score
- 1,436
The Transports are taking a little intraday pause at the moment, but technically it broke to some important levels. This is a bear market and failed rallies are common so it must hold above those breakout levels. If so, a move to 7000 would be next.
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