Whipsaw's Account Talk

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The low of the last two weeks coincides with an approaching low in the slow stochs which often alight with short term bottoms. Weekly charts are supposed to overrule the dailies... I'm leaning towards an exit, now I'm scratching my head again. :blink:
 
OK, this could be a mistake, but a sticky-pants approach may be best served here. I've not been nimble enough to exit and re-enter, at this point I think we're close to a low - and a snap back rally would be easily missed. Best of luck to all of us, wishing all a happy, healthy, prosperous and bullish New Year!! :grouphug::party::fest30::dance::cheesy:
 
A move to the sidelines would not be unwarranted... work getting in the way again - not enough time to get to the site an make the IFT. One More Day! :cheesy::worried:
 
Now another indicator…Whipsaw indicator…has turned negative…I should have bailed but as long as we remain in a tight range maybe we will bounce with positive inflation news. FED might ruin it before Thursday. Banks release earnings Friday I hear. Please little Doji…unspook Whipsaw. 😂😂🙃

Whipsaw said:
Today's pre-noon Doji has me spooked. 100% G COB. This should give some time for FED Speak to get digested.
Click to expand...
 
felixthecat said:
Now another indicator…Whipsaw indicator…has turned negative…I should have bailed but as long as we remain in a tight range maybe we will bounce with positive inflation news. FED might ruin it before Thursday. Banks release earnings Friday I hear. Please little Doji…unspook Whipsaw. 
Click to expand...

Ahhhh, the curse of the noon cut-off! I was afraid it might go positive, at any rate - I'm on the fence with market direction, some say the bottom is in (I'm somewhat in that camp), others say 20+% drop in the next six months (test of the lows?) due to recession brought on by the Fed. 'Sell the rip' vs. 'buy the dip' as we're still in a bear market below the 200 DMA. Chart indicators I look at are approaching a sell (slow stochs pushing up towards 90 S&P 500 Index, SPX Advanced Chart - (S&P US) SPX, S&P 500 Index Stock Price - BigCharts.com (marketwatch.com) but that doesn't mean it can't continue climbing. Had the positive candle developed prior to noon, I likely would have gone another day. I'll get a good price at the close, then we can head back down tomorrow! :D
 
It seems my exit was premature... kind of the opposite of catching a falling knife? At any rate, I'm ready for the recession/hard landing/FED overreach... whatever.... :rolleyes:
 
I got out a couple of days too early as well, but who am I to expect a rally to last more than three days.


Scott Harrison
Senatobia, MS
 
I think it was a good call to get out. Most of the indicies are at the top of the bollinger band today. So maybe a minor pullback?
 
I think we can hang around this level and even hit S&P 4000…but you can almost sense the bears are readying to pounce. There will be a global shockwave that turns the market and fulfills the destiny bottom panic sell. It is coming. That is just the nature of things before a bull run begins. I’m out though. Reloading when the dust has settled.
 
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