Thread: clester's Account Talk

If we can close above 1940 on this run then we should be able to run up to the 50 dma. Should be a test there. If we fail there then we could be in for trouble as a head and shoulders pattern may play out which is bearish.

Originally Posted by clester

I have BC/BS basic. Not much difference in family vs self plus 1. Doesn't make sense to me.

I read that most retirees are BCBS and now couples in self plus one which pushed most of higher cost plan members aka us old folks into self plus one BCBS plans which affects the premiums charged. New Year's resolution is to spend some time looking at the plans next year!!

Will artificial intelligence mean the end of traders? Claims superwealthy are ALREADY using robo advisors to manage their stocks | Daily Mail Online

Took some online courses using ARtificial intelligence. Different search methods like graph search and others

Originally Posted by clester

If we can close above 1940 on this run then we should be able to run up to the 50 dma. Should be a test there. If we fail there then we could be in for trouble as a head and shoulders pattern may play out which is bearish.

We're still above the head and shoulders neckline. But barely above it. We should have support at this level (1850-1875). If we fail here I'll be forced to sell. I hope that isn't what happens. If it does then we could have another 5% or more downside. The RSI has recovered but failed to get above 50 (bearish sign) and could go back to 30.

Originally Posted by clester

We're still above the head and shoulders neckline. But barely above it. We should have support at this level (1850-1875). If we fail here I'll be forced to sell. I hope that isn't what happens. If it does then we could have another 5% or more downside. The RSI has recovered but failed to get above 50 (bearish sign) and could go back to 30.

This is about the only ray of hope I can find this weekend for the short term. While the stat calls for pretty much a 100% chance of lower prices this coming week, the chart also suggests an almost certainty of a strong rally above the current 1880 level very soon...
https://twitter.com/ukarlewitz/statu...rc=twsrc%5Etfw

Originally Posted by Tsunami

This is about the only ray of hope I can find this weekend for the short term. While the stat calls for pretty much a 100% chance of lower prices this coming week, the chart also suggests an almost certainty of a strong rally above the current 1880 level very soon...
https://twitter.com/ukarlewitz/statu...rc=twsrc%5Etfw

I think a close below 1858 (Jan 20 low) is a problem. Lets hope it holds otherwise I have to sell.

Originally Posted by clester

I think a close below 1858 (Jan 20 low) is a problem. Lets hope it holds otherwise I have to sell.

Craig, You getting out today?

Unfortunately yes. My system is calling for it. Although i want to see it close below 1958 i think it will.

What would you look for to buy the C again since it does look like a close below 1858 is a strong possibility??

Originally Posted by clester

Unfortunately yes. My system is calling for it. Although i want to see it close below 1958 i think it will.

Originally Posted by ATCHUNTman

What would you look for to buy the C again since it does look like a close below 1858 is a strong possibility??

Well, S&P below 30 would get a 50% buy signal. But in a bear market you buy short term and only 50%. Really for a strong buy RSI of 20 or if this is a head and shoulders I think the rules are for a drop equal to the top of the head to the neckline. I use formations as well as RSI. We could go much lower. I will probably look to buy 50 sometime after we hit 30 again. That might be soon. Also, I like to see a dip below 30 and then a close back above it. It can stay oversold for longer than you might think.

Thanks Craig. What about the F fund? Too late?

Originally Posted by clester

Well, S&P below 30 would get a 50% buy signal. But in a bear market you buy short term and only 50%. Really for a strong buy RSI of 20 or if this is a head and shoulders I think the rules are for a drop equal to the top of the head to the neckline. I use formations as well as RSI. We could go much lower. I will probably look to buy 50 sometime after we hit 30 again. That might be soon. Also, I like to see a dip below 30 and then a close back above it. It can stay oversold for longer than you might think.