The hits just keep on coming! Certainly missed the exit at this point. It's getting ugly out there, sports fans! Read 'em and weep! (a few cliches for color). Fixing up some fresh epoxy for the sticky pants! Snap back rally, anyone??
Ouch! Looked like we were going to recover this afternoon. If we could put in an IFT at any time of the day, like anywhere else on the planet, I would throw in a stop loss move to G right now.
50% S, 50% C 06 Mar, was 100% G; 80% S 20% C COB 08 Jan '24; 100% G COB 14 Nov; was 100% C COB 31 Oct (Boo!); was 100% G COB 12 Oct; was 50% C, 50% S COB 22 Jun; Life is good!
The hits just keep on coming! Certainly missed the exit at this point. It's getting ugly out there, sports fans! Read 'em and weep! (a few cliches for color). Fixing up some fresh epoxy for the sticky pants! Snap back rally, anyone??
50% S, 50% C 06 Mar, was 100% G; 80% S 20% C COB 08 Jan '24; 100% G COB 14 Nov; was 100% C COB 31 Oct (Boo!); was 100% G COB 12 Oct; was 50% C, 50% S COB 22 Jun; Life is good!
Anyone willing to donate some blood. This market is bleeding me to death.
May the force be with us.
Yes, time for a raging SnapBack!
Scott Harrison
Senatobia, MS
Scott Harrison
Senatobia, MS
I've said this before, I'm my own best contrarian indicator - when I'm ready to bail, the bottom is near!
50% S, 50% C 06 Mar, was 100% G; 80% S 20% C COB 08 Jan '24; 100% G COB 14 Nov; was 100% C COB 31 Oct (Boo!); was 100% G COB 12 Oct; was 50% C, 50% S COB 22 Jun; Life is good!
The decline is definitely flattening, somewhat surprising considering the unpleasantness overseas. I added the 86 day EMA for color.
S&P 500 Index, SPX Advanced Chart - (S&P US) SPX, S&P 500 Index Stock Price - BigCharts.com
50% S, 50% C 06 Mar, was 100% G; 80% S 20% C COB 08 Jan '24; 100% G COB 14 Nov; was 100% C COB 31 Oct (Boo!); was 100% G COB 12 Oct; was 50% C, 50% S COB 22 Jun; Life is good!
Today's candlestick is another doji at the moment.
This is interesting: Go to the chart at the link above, change the timeframe to 1 year and check out the low in mid-August. We may be in a similar setup, as Tom says, the Market doesn't always do the same things, but it can rhyme.
50% S, 50% C 06 Mar, was 100% G; 80% S 20% C COB 08 Jan '24; 100% G COB 14 Nov; was 100% C COB 31 Oct (Boo!); was 100% G COB 12 Oct; was 50% C, 50% S COB 22 Jun; Life is good!
My thoughts are to hold position under the assumption (??) that the market will rise out of this low - if it looks to top again, exit.
Of course, whatever the powers that be around the globe decide to do can upend this approach in a heartbeat.
50% S, 50% C 06 Mar, was 100% G; 80% S 20% C COB 08 Jan '24; 100% G COB 14 Nov; was 100% C COB 31 Oct (Boo!); was 100% G COB 12 Oct; was 50% C, 50% S COB 22 Jun; Life is good!
Bad assumption. Looking at a stop loss for COB Monday if this continues.
50% S, 50% C 06 Mar, was 100% G; 80% S 20% C COB 08 Jan '24; 100% G COB 14 Nov; was 100% C COB 31 Oct (Boo!); was 100% G COB 12 Oct; was 50% C, 50% S COB 22 Jun; Life is good!
I'm really just trying to up my position on the Top Poster's list.
50% S, 50% C 06 Mar, was 100% G; 80% S 20% C COB 08 Jan '24; 100% G COB 14 Nov; was 100% C COB 31 Oct (Boo!); was 100% G COB 12 Oct; was 50% C, 50% S COB 22 Jun; Life is good!
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