Thread: FireWeatherMet Account Talk

Originally Posted by FireWeatherMet

... as well as the "Oscar Carboni Special" indicator (100 Day EMA lol)

I think it's the 86-day.

You think maybe we'll double top in May - June and then head for that 'scary' gap?

Originally Posted by Whipsaw

You think maybe we'll double top in May - June and then head for that 'scary' gap?

That is a possibility I was looking at. Depends on how high oil gets, if oil goes above a 100, inflation will rise a bit and rate cuts that were baked into the market likely won't happen.

Still some time on that though.

As explained yesterday, I'm rolling the other 50% of my dry powder into stocks COB today.
Going 50% C and 50% S COB today.

Originally Posted by FireWeatherMet

Now that we're approaching the 1st open Gap on the S&P as well as the "Oscar Carboni Special" indicator (100 Day EMA lol) I'm getting ready to throw my other 50% into stocks.

There is a scary open gap way, way down from there, I don't think our economic situation has deteriorated enough to take us down there (yet). We'll see what the future brings.

Could be some wild intraday swings if we plunge quickly another half percent to fill that gap, (or 1% to reach the 100 EMA) then see a sharp upward bounce from there.

Fasten your seatbelts...see chart below.

SP.jpg

Originally Posted by tsptalk

I think it's the 86-day.

You know, after you said this, I just had to recalculate and re-map.
Talk about hitting a bulls-eye with the EMA and gap fill.
A quick 0.5% dip at the start of Fri trading should fill the gap and touch Oscar's "Happy Line"...and trigger big PM reversal. We are overdue....down 4 days in a row and 7 of 8.
Hopefully Oscar (and me) are jumping with joy by COB Friday.

SP.jpg