Thread: DreamboatAnnie's Account Talk

Hi DBA!

For some reason I keep looking at the 6 month ^GSPC chart and overlaying a 200 MA and a 50 for Bollinger bands. It is reminding me of your crystal ball chart (originally posted on your # 2331 post and pasted below). For the record.... I am really keeping an eye on the 200...

Anyway, If you stretch that crystal ball chart out we very well could be in the late October peak with another test of the lows (Dec 24th for reference) coming soon. A bounce off the 200 would make it align just about perfect! I know this is kind of prognosticating is the same as reading tea leaves and throwing dried mouse bones while looking at the stars with one eye part way shut.... but if this pans out we should be back into a bull market before summer

Hi Mcqlives!! Throwing dried mouse bones??? Lol.... I agree we are heading for another big drop and I do think it will be fast and soon ....Not sure when everyone will want to pocket a good chunk of their gains, but I think it happens soon...but closer to the last high (2800 on S&P and 1364 on DWCPF) as opposed to 200 EMA because it Looks like we blew past that today! Still....Beware of the Algos!!!! I've not been in long enough to endure much of a hit so I plan to exit at first sign of profit taking but hopefully a tad sooner....Then one more play late in month. I do think Bear continues awhile longer as I just can't believe its over until we see a higher high. But something BIG did happen today as the 20 SMA (mid-point on Bollingers) crossed up over or kissed the 50 EMA. That is very promising!!!!

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Best Wishes to you and everyone!!!!!!!!!

I exited today --100G. But could not post earlier as I was having issues with logging in. I finally was able to reset password... no issues with TSP, its just I'd never had to do that and just couldn't get to it.

So exited only because I just can't handle my entry (prices so high last week) and thought that we could drop soon, as we are going to hit resistance soon. We blew through the 200 EMA but the 200 SMA is still just a little ways up. Like I said before, Beware of the Algos!

Best Wishes to you all!!!!!!

So far market seems to yawning after SOTU address but it does 'feel' like the market is looking for a direction and down 'seems' more likely than up. Sorry to be so technical.

Looks to me like we met resistance at the 200 SMA and started moving sideways.

Yes looks like that is what C Fund shows. S Fund has a little ways to go, but looks like we have a lower resistance to get passed...equal to the highs of Dec and Nov. I added 200SMA to chart so I can see it along with 200 EMA.

Now I am curious as to which MA most algos run, but based on charts it looks like it is the SMA since we blew through EMA without hesitation!

Best Wishes!!!!

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Hummm.....I've been looking at charts for a bit. I am thinking that as we are already at the 200 SMA (resistance) on the C fund (closed 2724 today), we should at least have a pause or small pull back before market tries to go up to reach the next resistance level of 2800 (December high). We are 76 points away. I think the 20 SMA crossing above the 50 EMA shows great strength and promise. But I am staying cautious until we actually get a higher high exceeding at least the December high.

For S Fund, we are still roughly 60 points from the 200 SMA, but looks like the closest resistance that needs to be broken is December's high of 1364...just 4 points away. Very curious to see what happens over the next few days. If exceeded, it would be a higher high and I would want to kick myself for exiting today. But Right now, the DOW mini futures are down 39 points.

Now for more points to ponder. I checked my lunar calendar and we just had a new moon so we are moving towards a full moon (About Feb 20) and that means the market will enter a red period and eventually drop! Humm...

But more importantly, I did throw down some dead catfish bones. Didn't have any dried mouse bones...sorry Mcqlives!...but I did manage to shut my dominant eye while doing it. It was really really hard and I made weird faces, struggled for quite some time...thought you should know this...just because! Lol.....Oh yeah, Never could figure what the bones meant but I did use one to pick the lemon pulp from mmmmaaa teeth! I Love Lemons!!! Yes...I know...TMI. I'll be quiet now... Good night!!

Mmmmm....now I'm going to get catfish for lunch tomorrow! I'll let you know if I have any omniscient vertebrae left on my plate!

Nothing foretelling in my lunch but I was not comfortable with this mornings action to stay in. Went 100% G before any prognosticating fish bones appeared. Not sure how this pans out but the three 8.7% beers after work make me comfortable with my decision

Whoa... 8.7% Beer?? Sounds pretty stout!!!

Yep... you know what I mean! So which beers have that content???? Eeeeeeeeee...…. Guinness is a nice Stout , but that much alcohol. I've never had one of those.