Thread: DreamboatAnnie's Account Talk

Originally Posted by DreamboatAnnie

So it finishes nicely! It didn't recapture yesterday's loss, but its heading in the right direction!!

Dwcpf.png


SPX now.png

I hope so, still in s fund. Hopefully my stubbornness will pay off.

I hope so too Joblin. On DWCPF chart the darker blue (wider) trend lines are longer term and stretch back to February high and March low, respectively. The lighter blue (just a few months) trend lines show that price fell through that channel and has not yet gotten back above it. Not sure what will propel price through it in short run, but will see. That line plus the upper Bollinger will now serve as resistance.

I'm just not sure it has strength to reach it...crossing fingers, but will see... RSIs both turned up but not Stochastic and MACD. Price is now just slightly above March 1 and I'm in the money!

Dwcpf.png

after a major news event like the fed announcement; wouldn't we expect up and down reaction and profit taking for a day or two? i would think it will be after that, when we would see the true direction things are going?
I'm still in for now; but, waiting for a good signal to make me happy or pull back to G.

maybe some repositioning, plus what sounds like good news on day of announcement often gets chewed on overnight with a different bent the next day. Some possibly deciding to get in or take gains. Not sure what shake out will be. But in just looking at charts, I can't ignore that we made a lower high on S fund... looks a bit weak short-term. It didn't reach upper band. Sometimes resistance is at mid-point of Bollinger. Looks like this could be forming a short term double bottom (W)... but will see. Also looking for NAAIM reading that Coolhand puts out.

I am thinking to take some gains, but maybe rest of herd thinking tge same???? lol..

Dwcpf.png

Staying in ... NAAIM just posted 78.55 up from 48.62 last week.

I stayed in too....looks like the afternoon the floor dropped out.

same here - i stayed in. Thanks DB

Yep... it has dropped. Price looks like it will close below 10 EMA, and that is clear exit signal for me. Will cross fingers and hope for a little bounce tomorrow for exit. At this point, still in green based on 3/10 entry, but just barely. Some folks might have enough gorilla glue to ride it out. It does now look like a short-term "W", but no idea how deep a drop. Need to watch FBN and get online later to find out what caused drop. I do believe Fed Powell spoke again sometime this afternoon. No idea what he said., but it must have been disturbing!

So if the price drops below the 50 day moving average, it is considered a high risk trade correct?

It would be nice if the 50 DMA held support today.

Not gonna lie... It smarts a little bit.