Thread: FireWeatherMet Account Talk

This is the one that scares me...




The SPY looks more like a cup and handle than a rising wedge so I'm not as negative on it.

Originally Posted by tsptalk

This is the one that scares me...




The SPY looks more like a cup and handle than a rising wedge so I'm not as negative on it.

Agree. DAX is even more extreme than that so was worried about a quick rapid downturn there.

Interesting on the S&P...yes it might look better as a cup and handle.

Other thing...also a bullish sign...might be an "Ascending Triangle"
Might have to use my 2nd IFT sooner rather than later if that's the case. Will have to mull over this one a little...

Ascending triangle.jpg

Not liking my 1st IFT. Broke my rules and now I'm paying (by losing ground on the market).
I misread the charts I believe, and we might be finally setting up for a breakthrough (per below).
Will evaluate Thursday morning, but I don't want to fall out of sync with stocks too much if we're not in a downtrend.

Considering buying back in Thursday morning....maybe all S fund or 50/50 C and S. We'll see in the morning.

Going back in...a 3rd in each of C...S...I.

Want to keep a toe in each. I Fund may be the most overbought at the moment so will lower exposure just a bit there. C might have the most upside and has been outperforming S as of late.

Looks like breakout has begun as charts (Ascending Triangle or Cup and Handle) predicted.

Good luck on what looks like a good move.

I went with a C/S mix. That Greece crap is too uncertain for me.

Originally Posted by FireWeatherMet

Going back in...a 3rd in each of C...S...I.

Want to keep a toe in each. I Fund may be the most overbought at the moment so will lower exposure just a bit there. C might have the most upside and has been outperforming S as of late.

Looks like breakout has begun as charts (Ascending Triangle or Cup and Handle) predicted.

Originally Posted by FireWeatherMet

Going back in...a 3rd in each of C...S...I.

Want to keep a toe in each. I Fund may be the most overbought at the moment so will lower exposure just a bit there. C might have the most upside and has been outperforming S as of late.

Looks like breakout has begun as charts (Ascending Triangle or Cup and Handle) predicted.

For those foolish enough to be following my moves you might notice that even though I announced my move back into a 3rd of each fund (C, S, I) it is not showing up on the tracker this morning.
Might have had an explorer window freeze up yesterday morning when I tried sending my autotracker update yesterday. Am working to see if I can get it straightned out by COB today.
Otherwise for the record I did move into C, S, I yesterday (per signature below).
Got confirmation message from TSP.gov.

I noticed your absence from the AT listing after your IFT post on your thread yesterday but figured you'd become a Premium Service Member.

Where did you pull those graphics and explanation of the ascending triangle pattern?

Originally Posted by Itchn2retire

Where did you pull those graphics and explanation of the ascending triangle pattern?

Here you go.

Understanding Chart Patterns - Technical Stock Analysis

May the "Melt-Up" begin.

meltup.jpg