Thread: Bquat's Account Talk

You riding it out? The conventional wisdom the S would rise to meet the C Fund, not the other way around.

Originally Posted by Bquat

Some are moving to G today while Uptrend is moving in. He is spread betwen funds. I have trust in him. Right now I'm seeing weakness I didn't expect today but the 50 day is holding in the S fund. Here's what some are doing today. I sometimes watch this if I'm making a move not that I'm expecting to do anything today:
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Originally Posted by OBXTrader

You riding it out? The conventional wisdom the S would rise to meet the C Fund, not the other way around.

Yes, I'm staying in today.

The pres had to give a sanction speech with 20 minutes left in the trading day...ug.

Originally Posted by Mcqlives

The pres had to give a sanction speech with 20 minutes left in the trading day...ug.

Couldn't wait until the market closed. This looks bad but can't fight the news. Has to be more then just the speech. Maybe fear of fighting spreading.

I have more fear in the S fund right now. Need to get above the lower half of the isometric triangle and don't want to break the higher low line:

Is transports coming to support? Does it need to touch the 50 day?

So am I foolishly holding on. Did I hold for the whole down movement?

Originally Posted by Bquat

I have more fear in the S fund right now. Need to get above the lower half of the isometric triangle and don't want to break the higher low line:

Ok I settled down a little. Really only down 0.18%, It's just the level we're playing at is making me a little nervous. Technically we still have a higher low. TA just isn't working as I'm expecting.

Hey, I said that yesterday! The problem with the S Fund today was it was leading up and dropped to -.18 and by percentage (just guessing) fell more from high to low than the C Fund. As I said earlier in the day when the market was up nicely, "the conventional wisdom the S would rise to meet the C Fund, not the other way around". A broken clock is right twice a day. The "other way around" happened today as the C fell to meet the S.

Being the overly conservative saver type person that I am, I didn't even buy mutual funds today at closing prices because I don't like seeing session lows at the close. I am still looking for a good market direction to begin allocating investments.

Originally Posted by Bquat

Ok I settled down a little. Really only down 0.18%, It's just the level we're playing at is making me a little nervous. Technically we still have a higher low. TA just isn't working as I'm expecting.

Strong 1/2% move at open. We need to break the lower highs line:

Market must of initially liked the GDP number and then thought how it would affect taper: