This is looking like a DCB to me.
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 biggest mistake that traders make is to let these short-term trades turn into longer-term investments when they don’t work." RevShark
Same here, I may be heading for the exits... I can't tolerate another ride to the bottom. Kendall report is talking of visiting the previous lows with elliot waves in sets of three for a good bit of up and down consolidation. Maybe an opportunity to swing trade? At some point I'm going to owe TSP money! D:
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!
Wish I knew what market will do. I have several ideas but... no telling. I am thinking to reduce exposure to 10% ...that is based on my situation... I was only invested 10% for drop yesterday when I bought 50%, so exiting that 40% will offset some of the loss. 17 minutes to decide.... I dunno… going back n forth... could just stay in or go to 25%...eeeee...decisions decisions… 12 more trading days left in month. Best wishes!
Don't take my comments as trading advice /IFT: 2-13-24=100G/https://www.theepochtimes.com/ & http://www.ewg.org/PermaCharts@p430#5159/strategy#4918p.410
No IFT for me today. Standing pat with the cards I was dealt...
Besides, don't we usually get some type of a fake out around the noon cutoff, which usually throws us off...Stocks now bouncing back.
Good luck!!!
"the biggest mistake that traders make is to let these short-term trades turn into longer-term investments when they don’t work." RevShark
Well, couldn't get into the site on time. Holding through the weekend. Market is heading back up, for now. Have a great weekend everyone!
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!
Hi Whipsaw, It's probably for the best! Market now back up to +526... seems to happen near noon cut off. Can't help but feel we are being played! Ugghhh….
So, I reduced exposure ...but still in 30%.
Hope you have a Great Weekend* !!!!!
Don't take my comments as trading advice /IFT: 2-13-24=100G/https://www.theepochtimes.com/ & http://www.ewg.org/PermaCharts@p430#5159/strategy#4918p.410
So I was looking at Bquat's DWCPF chart this morning and it looks to me as if we are at the bottom of the long term channel. If support holds, there still may be an opportunity for more upside. Of course if it doesn't...look out below.
"the biggest mistake that traders make is to let these short-term trades turn into longer-term investments when they don’t work." RevShark
I've been listening to him since early May and do not recall any recent mention of retesting the 23 Mar lows. Of course, he is not adamant (like Pivot Point is) about retesting the 23 Mar lows. Unlike Pivot Point, Bob Kendall allows his system (and not a stubborn bias) to steer his decision-making. That's why I like listening to what he has to say. But, I will not make any moves yet based upon his analysis because I am still putting him to the test. As of now, I trust my gut more than what any one person has to say about this market.
"Treat your wife with honor, respect, and understanding as you live together so that you can pray effectively as husband and wife." 1 Peter 3:7
Kendall report posted this morning indicates that an up leg is expected followed by another, larger, down leg. Watching the action today will inform his further analysis this evening. I'd like to see the upper gap get closed first, if I can step aside for the next down leg, I'll be a happy camper.
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!
Markets are climbing...
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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EFA (I Fund) (delayed) (Stockcharts.com Real-time) |
BND (F Fund) (delayed) (Stockcharts.com Real-time) |
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