Thread: DreamboatAnnie's Account Talk

Good points. I am being cautious. Trying to stick with strictly reading charts, but I listen to business news (like Kudlow's new show on Fox Business News). In any case, talk of more huge spending bills, increasing taxes and especially taxes placed on businesses/corporations/capital gains does mean less capital for companies to invest in their own business building and infrastructure and hiring. That is definitely not good for business growth GDP, etc. So, tax increases on business and increasing taxes on wages (I.e. social security wages) means everyone will be affected....translates to lesser spending. So, seems like a great formula for slowing growth and for businesses to be apprehensive about putting more money into their businesses or starting new businesses. Eeeeeeeee....

Also, as interest rates go up, our Government will need to pay much more interest on our massive debt that is accumulating. Couple that with decreasing working population/(less base to tax). Couple that with possibility that foreign governments (I.e. China) could suddenly decide to stop buying our US Treasury bond issuances to fund the massive spending and raise money to pay interest on existing bonds/debt. Also, higher interest will increase the cost of persons buying homes, cars, etc and raise cost to corporations and businesses borrowing money. Less income for corporations due to less spending on larger items. Sounds like a perfect storm.


Now back to charts -
DWCPF has made a lower high, and lower low. So, its a short-term trend down. Short-term because we are still in a Bull market until we're not. So, I am now moving towards a bear strategy (shorter entry/exits) but only due to the expected increased volatility.

SPX (S%&P 500) recently made a new high. So that is good. Looks like it could go up a little further. But do need to keep eye on the rising wedge. I understand that is bearish once we get near the end of that formation, then drop and restart. Will see...

Here are COB charts.

A couple weeks back, I posted charts (post 3433) indicating DWCPF looked like it was starting to form a right shoulder of a Head & Shoulders pattern (bearish). It's now looking more like that right shoulder is finalizing. IF true, it would likely drop more. I guess we will see.

Best wishes to you All* !!!!

Dwcpf.png



SPX now.png

Definitely stayed at the party to long. Now I must ride the storm out...

I would be careful here. IF...IF...IF its a true head and shoulder there could be more pain. Price might drop below the neckline. Dark line is the neckline and next support line.
It has not reached that point.

Dwcpf.png

Current charts. Got a little bounce!

Best wishes to everyone!
Dwcpf.png


SPX now.png

Charts
Placed 100 day SMA and Fibonacci on S fund. I don't know a lot about fibs rarely use them but does seem like 100 SMA is next level of support. Also close to fib retracement 38.2 level.


Dwcpf.png

Tried to delete the below repeat charts, but would not delete.

C fund
Attachment 48765

Looks good, especially with the Fibs in there. My WAG is we test the 100 SMA if not today maybe tomorrow as it is Friday.
Lower still to maybe even test the wick that posted on March 5th. More chop if and when it may move up? New resistance
levels on the way up.

Woo....hooo.... nice jump!
Dwcpf.png

DBA- thanks for all u o in the forum...lots of us look forward to reading your daily analysis...do u think this is a deadcat bounce happening? Curious for your interp
E

Not many dead cats since recovery started. Wouldn’t mind if it is since I’m out of moves til 4/1.


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