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tsptalk's Market Talk
- Thread starter tsptalk
- Start date
Interesting situation. Last two tests of 50-day EMA from below like today's resulted in 2 different outcomes. First one led to another push lower. The second one led to a one-day pullback and then onto new highs.
Wow, wild day. Big swings...
Those are 30 to 45 S&P point moves.
pmaloney
Member
I felt that was a worthwhile risk, so I went from 100% G to 25% C & 25& S. I don't like the deadline either but I am glad that I didn't buy in as high as I as I thought I would and even bought lower. 
I really wish we had at least three positive IFTs per month. Two is just too hard.
I really wish we had at least three positive IFTs per month. Two is just too hard.
Yeah, the market really threw you a bargain this afternoon. Nice.I don't like the deadline either but I am glad that I didn't buy in as high as I as I thought I would and even bought lower.
WorkFE
Well-known member
Privided we get a DCB tomorrow, extremely possible cinsidering the VIX spike, could be a juicey bone.
I say its extremely unlikely to have a DCB (dead cat bounce) tomorrow; this type of event - when it occurs - is usually early in a decline, and after an extreme drop (usually >2%). That already happened December 11 following the decline of December 10. You usually don't see two DCB's in one event although we did see that recently (October 3 and 8), and what followed wasn't pretty.
99percent
Member
I ASKED YOU NOT TO TELL ME THAT!!!!!!
Debate continues about whether "considerable time" statement will remain in today's FED statement..
Low-rate pledge may stay in Fed statement - MarketWatch
Low-rate pledge may stay in Fed statement - MarketWatch
O
OBXTrader
Guest
Nothing like being dead wrong - so what the heck - I waded in ankle deep yesterday (10%) and up to my waist COB today (60%); I know this is a bit early for the X-mas rally but the SPY looked stable above 2,025 so threw some chips in on it. Some of this has to be chasing Tuesday's late day selloff, but I think there still could be some further upward drift especially if volumes come down - which they usually do this time of year.
O
OBXTrader
Guest
I completely understand what you did. I went with L2020 on Monday and have stayed there, but I was out of the market for too long. I can't contribute to TSP, this is REAL money to me, I am not competing with anyone on TSPTalk and have to live at my comfort (risk) level and L2020 was fine for me. I will look at a second IFT later this month, but I am OK with being a turtle.
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