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Thread: Trendlines

  1. #1
    Rolo is offline Club TSP
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    What do you guys think of this? (attached)

    I am thinking next resistance ~470.




    Edit: the graph is from BigCharts.com. The java chart lets you draw lines on it.
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  3. #2
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    tsptalk is offline Moderator
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    I'd agree. The 445 area looks pretty tough too. It may take a few tries to get over that wall.

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  5. #3
    Rolo is offline Club TSP
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    I am hopeful in that we will see 446-447 on Monday, then up to 455-456 (late April's range), then finally a pullback. At least, when I pull this lever, that's what it says.

    Does it look like you bought your shares back at a lower price, Tom?

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  7. #4
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    Rolo wrote:
    Does it look like you bought your shares back at a lower price, Tom?
    I don't think so. I haven't figured it out yet but I think the drop I missed was less than the gain we had when I first backed off to 60% and 75%stocks.

    So, I'm guessing I missed a .10 or .15 cent gain in S and C from the time I went to 60% stock back to 80% and now 100%. Oh well. I went into my 60% protection mode when I should have been less cautious. I should have been more optimistic as I have beenpreaching.:? I still like what the market is doing, even though it is currently overbought. It is looking good for the next half of the year.

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