jpcavin
TSP Legend
- Reaction score
- 97
Whooohooo 500 Posts!
Looking for an entry point... think we'll test the lows anyone? :suspicious:
I don't know anything about highs and lows. I am one with the waves.
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Or you can now use TapaTalk again!Whipsaw's Account Talk
- Thread starter Whipsaw
- Start date
I don't know anything about highs and lows. I am one with the waves.
pmaloney
Analyst
- Reaction score
- 12
Don't feel bad I jumped last Thursday. All the pain and no gain. I need to just hang in with more guts. 2 IFTs is a good way to get myself in trouble.
Any ideas on a good constant mix of % G C and S for a retiree?
soon2retire
Investor
- Reaction score
- 1
Out too early but regained earlier losses to get back to 12% on the year. Looking for a new reentry point
Whipsaw
Market Veteran
- Reaction score
- 205
No idea on a buy and hold mix... a gent told me last night if there are 20 or so years to go, throw the money in stocks and don't look back; I can't buy it seeing various trends (there is something to that though, right BT?). Check out Tsunami's last post...
Whipsaw
Market Veteran
- Reaction score
- 205
Hi everyone, have been out of pocket on reserve duty... work keeps getting in the way of watching the markets (one reason I bailed, not sure I could keep an eye on the goings on). I'm liking Tsunami's post, will the next wave down coincide with the inverted right shoulder Tom pointed out? Will we see a dip in Nov before a Santa rally? Hmmmmm....
Robo5555
Analyst
- Reaction score
- 8
Looks like the consensus is that the market is getting ready to go down either due to the h&s or an overbought condition. I have to agree that the charts indicate that but with that said, I've made progress countless times over the years by going contrarian( sure birch might agree). I've also taken some downhill rides as well.
Actually, 41 of the top 50 are in Stocks, and only one is in Bonds. The other 8 are in G. If I was going to bet with the winners, I'd stay in! Contrarian, I'd get out.
I agree much of the discussion is leaning towards a dip, but the tracker actions show more people getting in or staying in than getting out.
When analysis shows one direction, and the majority of the people are doing the opposite, that's a good time to think contrarian and go against the majority. The majority can panic and turn, and run you into the ground if you're not out ahead already. However, the past two years have shown that the market is essentially a one way road up, and the downturns have been relatively short and minor, and quickly reversed. Thus the complacency of the majority has been well placed. Only if there is a real reversal in the market will there be a panic and stampede. The fact that the C fund is in the top 3% of the tracker says that buy and hold would be one of the better strategies for this year, and 97% of the strategies out there have been poorer.
How's that for arguing both sides and getting nowhere?
Whipsaw
Market Veteran
- Reaction score
- 205
Wishing everyone on the Board a Happy Thanksgiving!
I've been out of pocket of late taking care of family and reserve duty. Trying to get my head back in the game, cooling my heals in G till I can get a handle on direction; pretty sure its up (props to BT), possible dip after T-Day to buy in for the Santa Rally
DreamboatAnnie
TSP Legend
- Reaction score
- 418
Hi Whipsaw, I tend to agree..a dip next week as the Bolinger bands are consolidating. Just not sure how low that dip will be. Might be short lived and small. I'll wait to see direction before leaping. Wishing you and everyone a Happy Thanksgiving!!Wishing everyone on the Board a Happy Thanksgiving!
I've been out of pocket of late taking care of family and reserve duty. Trying to get my head back in the game, cooling my heals in G till I can get a handle on direction; pretty sure its up (props to BT), possible dip after T-Day to buy in for the Santa Rally
Whipsaw
Market Veteran
- Reaction score
- 205
My patience is paying off, I've been told I'm quite impatient. :cheesy: Now if I can only figure out the timing piece... jumped out too soon on the last run up, but didn't buy back in high. I'm actually in alignment with the burros-ark, and JTH, and Bquat, TspIntel... Now looking for a good entry point!
Whipsaw
Market Veteran
- Reaction score
- 205
Whipsaw
Market Veteran
- Reaction score
- 205
The SPX chart at the link is curtesy of DreaboatAnnie; a novice chart reader, I'm seeing further downside as the price falls along the lower expanding bollinger band and the MACD heads down to cross into negative territory [not sure what that means
... ]. Trying to interpolate from the previous pullbacks/downturns as to where we may be at the moment.
S&P 500 Index, SPX Advanced Chart - (SNC) SPX, S&P 500 Index Stock Price - BigCharts.com
Whipsaw
Market Veteran
- Reaction score
- 205
Was seriously considering a move in today, got distracted at 11:45, looked up and it was 12:10 :-/
Looking at the chart above, the bottom could have been yesterday; some of the discussion points to today being a bounce with further downside, which could also be the case if the chart repeats behavior from Oct 1. Hmmmmmmm....I thought I saw you sitting there on the seat behind me on this boat. Was planning on paining over a move back in myself today but work got in the way.
DreamboatAnnie
TSP Legend
- Reaction score
- 418
The SPX chart at the link is curtesy of DreaboatAnnie; a novice chart reader, I'm seeing further downside as the price falls along the lower expanding bollinger band and the MACD heads down to cross into negative territory [not sure what that means ... ]. Trying to interpolate from the previous pullbacks/downturns as to where we may be at the moment.
S&P 500 Index, SPX Advanced Chart - (SNC) SPX, S&P 500 Index Stock Price - BigCharts.com
As of right now, looks like the market heard what they wanted to hear from the Federal Reserve. It was dropping until that announcement... by the looks of it that announcment came out at 1:45pm Eastern time. Let's see if the bulls take charge for the entire day.
As for the charts, what I meant by negative territory is that the signal line has crossed downward and usually that means price is dropping. On my chart, that is the blue line crossing below the red line on the MACD. I really would not want to get back in until I see the price point on the main chart at least touch that 15day EMA (yellow) line to really get a sense that this upward swing is not just a whipsaw--- no pun intended!
I would love to have gotten in yesterday, but my indicators would not let me. I want to be sure we are not doing a day or two of positive to only see it drop down further... really want to make sure it has bottomed before I get in. I will likely lose some as it starts the upswing, but would rather take that chance. On the last downswing, I jumped in too early and rode it part of the way down. I'm trying to be disciplined now!Similar threads
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