Whipsaw's Account Talk

[Whipsaw]

Read FWM post, I'm on the same page, charts are looking like a leg down is on the way. Standing by on the lily pad!

 

[ravensfan]

Read FWM post, I'm on the same page, charts are looking like a leg down is on the way. Standing by on the lily pad!

I'm with you Whipsaw.

 

[Whipsaw]

Another day like today and the market will be at or very near my 8 May exit (which was too early, obviously :suspicious. Have a great weekend, everyone! :usa2:

 

[Whipsaw]

In somewhat of a range over the last week or two, does this chart pattern qualify as a cup and handle? Bullish, right? Also BB are constricting which would indicate a break out one way or the other...

S&P 500 Index, SPX Advanced Chart - (S&P US) SPX, S&P 500 Index Stock Price - BigCharts.com (marketwatch.com)

 

[JTH]

In somewhat of a range over the last week or two, does this chart pattern qualify as a cup and handle? Bullish, right? Also BB are constricting which would indicate a break out one way or the other...

S&P 500 Index, SPX Advanced Chart - (S&P US) SPX, S&P 500 Index Stock Price - BigCharts.com (marketwatch.com)

From on of the few true gurus of chart patterns & statistics Bulkowski

"I am still concerned with the index forming a head-and-shoulders top, with the index dropping now to form a right armpit (the valley between the head and right shoulder)."

Blog Link: Wednesday 6/5/24

 

[Whipsaw]

I can discern an inverted head and shoulders pattern centered on about 20 May, its not very symmetrical.

 

[Whipsaw]

I'm in that enviable position of having missed buying into the dip, the market being a good bit above my exit, and wondering if its just going to keep rising, or venture down a bit. :suspicious: I plan to go 100% C when I do go in.

 

[Whipsaw]

Significant pop today through the upper bollinger band, this should bring the market to close at the 17 day (?) moving average, according to Ira Epstein... looking to enter tomorrow or the next day.

 

[Whipsaw]

This isn't going the way Ira described it. :notrust:

 

[Whipsaw]

I was looking for some sort of burble, small dip, something for a better entry point, I'm sure if I jump in now it will hit tomorrow! :notrust:

 

[Whipsaw]

Ha! The post-noon swoon! The blind squirrel found a nut!

 

[Whipsaw]

The chart for the C-fund is looking a little choppy, was thinking a high base - sideways action until the next leg up. Hmmmm....

 

[Whipsaw]

Pulled the trigger, hopefully not too hasty... IFT 100% C COB.

 

[Whipsaw]

Where is everybody? :worried:

 

[JTH]

Where is everybody? :worried:

Some of us are just apathetic, from lack of oxygen in the nose-bleed section of the 52-week High stadium.

 

[nasa1974]

Some of us are just apathetic, from lack of oxygen in the nose-bleed section of the 52-week High stadium.

Sure, rub it in.

 

[Whipsaw]

Nice pop in the C-Fund yesterday, dropped back inside the BB today, hopefully we climb up to positive by COB.

 

[Whipsaw]

What blew up the S-Fund? :blink:

 

[tsptalk]

It's the Fed and CPI effect. Short covering and rotation from money managers are kicking in.

 

[nasa1974]

It's the Fed and CPI effect. Short covering and rotation from money managers are kicking in.

Keep it going. Please!!!