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Thread: FogSailing's Account Talk

  1. #1189

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    Default Re: FogSailing's Account Talk

    One of traders I follow has posted this EW scenario which is currently the main scenario I've been following for a while.. Based on the strength of the market, we could very possibly break out of the Bollinger bands and get to 3000+ territory before the C Wave arrives and down we go. Of course, there are many theories out there. Good luck to all in your investing.

    FS

    spx-expanded-flat-w4-05.14.2019-1.jpg
    FogSailing
    Try to learn something about everything and everything about something.

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  3. #1190

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    Default Re: FogSailing's Account Talk

    The last time 13 and 34 DMA's crossed was back in late January...
    The market has been on a tear since..
    They almost crossed back again yesterday..
    Suggest folks keep their eyes on that pattern..

    FS
    FogSailing
    Try to learn something about everything and everything about something.

  4.  
  5. #1191

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    Default Re: FogSailing's Account Talk

    I'm enjoying the ride up. Guessing it stops just short of 2900 with 150-160 point reversal. Sometime later next week, probably Friday. The wife and I are off to Texas for barbeque, country music, a few margaritas, and our 45th wedding anniversary. See everyone in a few weeks when we get back...

    FS
    FogSailing
    Try to learn something about everything and everything about something.

  6.  
  7. #1192

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    Default Re: FogSailing's Account Talk

    Congrats on the 45th!

    Quote Originally Posted by FogSailing View Post
    I'm enjoying the ride up. Guessing it stops just short of 2900 with 150-160 point reversal. Sometime later next week, probably Friday. The wife and I are off to Texas for barbeque, country music, a few margaritas, and our 45th wedding anniversary. See everyone in a few weeks when we get back...

    FS
    Weatherweenie's Account Talk
    Expected retirement date: November 2023

  8.  
  9. #1193

    Join Date
    Jun 2004
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    Boiled Peanut, Georgia, USA
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    Default Re: FogSailing's Account Talk

    Quote Originally Posted by FogSailing View Post
    I'm enjoying the ride up. Guessing it stops just short of 2900 with 150-160 point reversal. Sometime later next week, probably Friday. The wife and I are off to Texas for barbeque, country music, a few margaritas, and our 45th wedding anniversary. See everyone in a few weeks when we get back...

    FS
    Congratulations The Wife and I are at 41, but I've been married twice!!
    06/20/2019
    CRUDE Oil
    $56.65 +$2.89

  10.  
  11. #1194

    Join Date
    Apr 2008
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    Cleveland, Ohio
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    9,598

    Default Re: FogSailing's Account Talk

    FS, Congrats on #45. We celebrate #40 this year.
    May the force be with us.

  12.  
  13. #1195

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    Default Re: FogSailing's Account Talk

    WAVE COUNTERS ARE CONCERNED NEXT WEEK COULD BE TOUGH BY MIDWEEK..HERE'S A CHART. GOOD LUCK OUT THERE.

    FS
    FogSailing
    Try to learn something about everything and everything about something.

  14.  
  15. #1196

    Join Date
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    Boiled Peanut, Georgia, USA
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    Default Re: FogSailing's Account Talk

    Quote Originally Posted by FogSailing View Post
    WAVE COUNTERS ARE CONCERNED NEXT WEEK COULD BE TOUGH BY MIDWEEK..HERE'S A CHART. GOOD LUCK OUT THERE.

    FS
    What Chart?computer4.gif
    06/20/2019
    CRUDE Oil
    $56.65 +$2.89

  16.  
  17. #1197

    Join Date
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    Default Re: FogSailing's Account Talk

    I follow 2 wave counters....one is extremely bearish and one extremely bullish right now, I've never seen them at such extreme odds with each other. The bullish guy does allow for about a 4% further pullback though before the blastoff begins.


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  19. #1198

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    Default Re: FogSailing's Account Talk

    My guess is that we hit the 2720 area tomorrow and then bounce on Tuesday. I expect Wed-Thurs to be down to even. And no idea about Friday. And therein lies the big question. Macroeconomics teaches us that tariffs restrict optimizing the flow of goods. They result in a smaller economy. At some point, these tariffs are going to bite us. Markets are always ahead of the power curve. So I look to Friday to give us a sign on where things are really headed.

    FS
    FogSailing
    Try to learn something about everything and everything about something.

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