Yep, I as well. I keep telling myself not to chase, but dang it is tough to watch this market go up, up, up. Must remain patient. :nuts:
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S fund is outside the upper bollinger band on the weekly and the monthly, which means it should be dropping to fall back inside the bands. Should be... What are the odds of a post holiday reversal?
Not sure but RSI is above 70... Doesn't usually stay up there long. Of course no telling what happens... thinking to pull my 35% S fund. But will see... just not sure whether I should let it ride.
95% of the time statistically all funds are within the Bollinger bands. No way I would be in S after tomorrow; historically, with this climate, we should see a selloff begin Friday (trading day 5 and week 3 above the Bollinger band) on Friday. The question then becomes, buy Friday or wait until Monday if you are holding all your moves for the month. if you look back, the week after T.G. up until December 06 is weak.
I should have held on in Nov, the rocket ride started the day after I bailed. Had that been the case, I'd likley be holding in equities, as the odds of dropping down to the last low (my superlatively timed exit) I think is likely small. But, there are several gaps out there. James48843 makes many good points. But, then again, what do I know being near rock bottom on the tracker.
This is an interesting article. Also, possibly some topping action taking place... WDIK.
a-severe-drop-is-imminent-this-3-musketeers-stock-market-is-signaling-says-contrarian-strategist
https://www.marketwatch.com/story/a-...?mod=home-page
I feel as though capitulation is upon me. What does that mean? Jump in and the crash occurs! I am amazed at the strength, all things considered. The weekly is outside of the BB, relative strength is waning, stochs are maxed out and saying exit, the potential for major political upheaval looms large. Hmmmmmmmmmmm.
Well, here it is... weakness. May only be today? A few of the Market Vids indicate further gains until January, then watch out. May enter today, or tomorrow... Certainly thought the covid spikes and more lock downs would have had a greater impact.
Could just put a little in? That way you don't feel like you're missing out and when it comes crashing down (which it will, we're red-lining now on a lot of indicators!) you won't hurt as bad and then can go to G if it looks like it's going to continue to be really bad.
100% S COB. Geronimo! >.< God help me.
Tom, I understand monetizing the site, but the pop up ad that spawns when clicking on the 'forum' button in the header menu is a bit much.
If you don't yet have a TSP.gov user ID, you will. I was forced to set that up today before making my IFT. That and the phone delivery of the one time code - which is my work phone, which is a land line (so a robo-woman reads me the numbers :cheesy: ), which is no help if I'm not at work. Need to see if it will let me choose among different phones!