FireWeatherMet
Well-known member
Agree with the June-Aug window...barring some astounding and unexpected medical news.
Staying in stocks for now,but the motto "Sell in May and Go Away" may be more appropriate than ever this year.:worried:
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Or you can now use TapaTalk again!Whipsaw's Account Talk
- Thread starter Whipsaw
- Start date
Agree with the June-Aug window...barring some astounding and unexpected medical news.
Staying in stocks for now,but the motto "Sell in May and Go Away" may be more appropriate than ever this year.:worried:
DreamboatAnnie
Well-known member
Ugghhh…..looks like I must Abort...aborttt!
obviously the wrong time to enter....S fund down 3.26% and C fund down 1.87%....at 50%, go figure.. this is big sell off. Ira Epstein says its his thought that traders sell the first time price hits the upper Bollinger band during an upswing (traders banking some)...hummm. Still looking at charts again in an hour... your bad feeling was on target!
Whipsaw
Well-known member
It seems the sell off is continuing down, if shows any indication of a bounce, it wont be in the next 4 minutes. Broken down through the channel... on MW, earnings disappoint and Trump threatens china... is this the beginning of the test to the lows based on the realization of the impact to the economy from the actual earnings reports?I think you're right about realization setting in of what this really means.
I made the only good decision I've made this year, and went to G Wednesday and limited my yearly losses to a little under 12%. My thoughts in that were that the market needed at least a 10% correction from where it was pre-covid. So, getting up close to that 10% correction on recovery from the covid sell-of had to be approaching the max market level. So, I got out with the idea that I was either avoiding the inevitable "see the reality" sell-off, or would at least be able to take advantage of volatility to make some advantageous trades in the next few weeks, as any advancing beyond that 10% correction would be slow and a fight. I expect to see at least another 10% drop over the next two months, even with Fed prop-up and Congressional stimulus.
DreamboatAnnie
Well-known member
Huh...are you retiring????
Whipsaw
Well-known member
DBA, don't I wish! I have a good 10+ years to go; it may take that long to dig out of this mess. :irked: I jumped out too early on this rally, now it looks to be topping, will have to catch the next rally... I'm not following my own signals, bad, bad, bad. :banghead:
DreamboatAnnie
Well-known member
Hi Whipsaw, So 10+ means you have time on your side! :smile: Don't hit your head too hard, gotta keep your marbles in there for a bit longer!
Then once you get older, you can lose them like me...lol... I could have retired 3 years ago! But I told myself I wanted to wait for son to finish college, and now I just think I like working...well its more like I like my work, my boss, and I just like money! :laugh: Wishing you the best and I know you can dig out!!!
DreamboatAnnie
Well-known member
You know....I used to want to run out into the middle of traffic many moons ago, when I was 25 and just started working for the Gubmint. My boss was great but he sure knew how to tease me. We'd talk about retirement and he'd say, Geez, you've got longer to work then you've been alive!! Then he would smile big and give a hearty laugh! LOL:laugh:.... now that's what you call real harassment! Lol... So, I am trying to cheer you up ...:smile:
Whipsaw
Well-known member
Thanks, DBA! I'm good, just venting, which is good, right?
Watching my signals, back testing, resolving to make deliberate actions. Fouchi is testifying to the Senate, wondering if he'll trigger another sell off? :worried: On the lily pad to soon, expected test of the lows... still waiting. :blink:
Whipsaw
Well-known member
I'm thinking we won't see that test of the lows until June or July. Until then, I want to try a quick in and out on big down day...
Could have been today, but then I tried that in February, and look what it got me! :angryfire:
ravensfan
Well-known member
I didn't really follow things today, but noticed the C and I funds were positive around lunch time. Imagine my surprise when I saw the big drops at the close. It makes timing the market difficult, but hey, you gotta try. :laugh:
Like the Kenny Rogers song "The Gambler" says, "You gotta know when to hold em, know when to fold em, know when to walk away and know when to run. You never count your money when you're sittin at the table. There'll be time enough for counting when the dealins done.
Whipsaw
Well-known member
if the market continues to climb through the morning, will be making a long overdue entry, 50% C, 50% S probably. Stepped aside when it seemed prudent, spooked with calls of 'retest of the lows,' didn't get back in when I should have. Doesn't seem that we are going back to the lows at this point. Of course, that could change.
It's the open gaps (one near 2500 on S&P) that I'm worried about.
Rod
Well-known member
Furthermore, DWCPF (S Fund) broke below its 50-EMA. Now, it could recover by COB. But, we don't have that luxury to wait until then.Similar threads
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