Thread: DreamboatAnnie's Account Talk

Chart links appear to be broken.

Hi Whipsaw, Here is repost on 10-minute charts. Hope they work!
11 - Weekly DWCPF.png

12 - Weekly SPX.png

Gotta love the way the chart turns up just before noon, and then down it goes!

Originally Posted by Whipsaw

Gotta love the way the chart turns up just before noon, and then down it goes!

That's just to keep us suckers thinking there's hope.

Man, this thing just caught me out...

For the most part the decline was slow and measured. Even the biggish dumps were quickly followed by nice recoveries. But, the highs were lower and the lows were lower. Kinda a slow roll down the hill till the recent dumping.

And, that F-Fund is actually in a 30+ year dumper. As of April 30, it (AGG) was down by over 11% from it's top. That is, the drawdown has been over 11% - and, that is now in the rearview mirror. That 11% is, by far, the nastiest drawdown from the mid 80's onward. The biggest dump prior to now was 4% during the 2008 mess. Yowser.

Its definitely ugly out there.

It is ugly. I didn't watch after posting at mid-day, then this evening see that S Fund lost more than 5%! I don't recall seeing that before..well at least not in last 8 years...humm... But maybe I missed it. So I started looking at weekly charts a bit more. Here are S and C fund.

S Fund found support right at the height before pandemic ...high of February 2020. Then MACD default dropped below its signal line back in March 2021 and has only gotten back above it for a very short time a couple times since then.

11 - Weekly DWCPF.png

C fund has not reached down to its pre-pandemic levels. It would need to lose about another 500 points to do that.
12 - Weekly SPX.png

So, will C fund follow S fund to reach down to its pre-pandemic levels? Hummm..... I do believe I've heard it said over the years that S fund leads the C fund.
With G7 agreeing to stop oil buying from Russia (eventually), I would think it could mean higher oil prices??? Higher inflation?

Also, understand as market drops it could be spurred on by Margin calls. Wednesday get CPI numbers.

Charts...It opened with small gain compared to yesterday, but now down again.

01 - S FUND - DWCPF DAILY.png

02 - C FUND - SPX DAILY.png

03 - I FUND - EFA DAILY.png

04 - F FUND - AGG DAILY.png

10-minute charts

11 - Weekly DWCPF.png

12 - Weekly SPX.png

Charts a bit early. No more posts until later in afternoon. Getting feeling to get in because Slow Sto starting to turn up, as well as RSI. But I will hold off to see if there is follow through tomorrow. CPI numbers were higher than expected( year-over-year) this morning but not as high on that metric given last month. Still I heard on FBN that numbers did not include latest increase in oil prices/inflation. Hummm...

01 - S FUND - DWCPF DAILY.png

02 - C FUND - SPX DAILY.png

03 - I FUND - EFA DAILY.png

04 - F FUND - AGG DAILY.png