Hello Raven! Well it is not anything Yellen said, in fact, she seems to be saying they will be open to options and basically saying don't count on just looking at unemployment rate or a "single" indicator to try to guess their next action. I think it is just more my sentiment. Thinking there is enough disbelief that things could get worse. Also, thinking it is LESS risky to get out now and then jump back when I think it is headed in the correct direction and back into a channel. Then will just stick with my strategy and quit straying from it.
What is lost is lost. Not buying into the "don't get out to avoid locking in a loss" at this point because if it keeps going down, you are just going to take longer to dig out. Will look for bottom... MACD cross over back to positive and then pick it back up on the upside. Hopefully a long trend upside. But it would not surprise me to see multiple events like this throughout this year. So volatile.
As for the C fund, I think it is just starting its downward track while S has run a lot of its course----or at least that is what it looks like....C might fare better but I really do not know. I can see either of these going up for a week or so and then plunging again even further down. Why? I guess because i don't think the economy is that great and I think earnings reports might not be that great---but no one knows that, and because we look to be in a downtrend. Right now I am not seeing anything to indicate we are in anything other than a downtrend. We have not made higher highs and higher lows...its downtrending.
So my strategy is going to be simple. Get in when MACD goes positive and get out when the 10 daily EMA crossess below the 20 EMA/and-or MACD goes negative. Then gotta hope for not too many whipsaws. I'm not going to buy and hold. I think it is going to see saw downward with lower lows and lower highs.
So....Regardless Im going to try to stick to my indicators. I plan on riding the coaster as much as possible on the upside--when I "see" an uptrend direction---IF I can see the actual uptrend, or at a minimum the MACD is going positive to signal entry.
I'm gonna take this loss on the chin because I could have avoided it with the information I had. So at this point, gonna make the best of it and hope to jump in on the next major upswing.
Bye for now and Best Wishes to you and all! Many blessings to you too! DBAnnie
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