Thread: FogSailing's Account Talk

Hmm ... too many variables and unknown world event stuff for my taste. I think I'll head for DJI 19,000 instead.

No idea how things will go (lots of discussion about a continued Monday pullback to the 1990 area based on oil) BUT: I like this picture.....come on SPX...bounce off that support.....come on Santa rally!!

Attachment 36293

FS

so if we are at 25 that means only a couple more bumps in the road, right? that's not so bad.

First time I read that chart, I thought it said "doomed" house! So what happens after #26?

These patterns are only that Amoeba. I keep hearing that the bull market is nearing its end this month to sometime over the next 12 months, so that's how long #25 may be around. To me all of #26 onward are longer term wave patterns. The only thing that interests me is that I would like to avoid the big down periods.

In all honesty I would be out right now if I wasn't so far in the hole. I keep hearing that hope is a poor way to trade. I "hope" I don't learn anymore tough lessons this month. There is no guarantee that things will get better this week. In fact, the volatility should be scaring everyone out of the market but I'm sticking through this thing, hell or high water.

Now, let's get this thing done and move on.

FS

Just read this on Saudi Arabia...sounds like a major mid-east development...

Scud missile fired at Saudi Arabia as 38 Yemenis reported killed | Reuters

Another network was reporting that Russian ships have been clearing passage ways for Iranian vessels to deliver Scud missles to Yemen rebels. Sounds like a lot of strategic maneuvering going on.. Also read (don't know if it's true) that Iran has undertaken another ballistic missle test. If true, that could very well mean the recent treaty is null and void and sanctions will need to be reinstated...I was wondering what was going to happen to spike oil prices.

FS

Saw earlier this evening from one of the EW guys (very bearish guy) who was ecstatic because oil had dropped to 36.50. He was pronouncing a 35 point hit tomorrow. I checked it out and he was correct about the pullback in oil price.

So, decided to check the info again a few minutes ago "just because" and look at what's happened in a very short span:

Attachment 36463

I have no idea who contacted the "oil fairy" but thank you! Hope it keeps moving up in price over the evening hours...for the sake of the market..

FS

I'll let this sad picture speak for itself. Isn't it amazing that it pulls back into bear territory just before the open of the US markets...My guess we lose another 20-30 points today on this action.

BUT: Happy New Year All!!!

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FS

What a crazy day. Look at oil rally..Will the SPX follow suit?

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FS

An interesting read about gold, and international intrigue. It includes a host of shady characters and makes you wonder if law enforcement and intelligence services know about this stuff, or if they are just ostriches with our heads in the sand. It would make a great movie about how the bad guys are winning.

On The Trail Of Dubai's Stolen Gold: A Robbed Client Breaks The Silence, And A Fascinating Detail Emerges | Zero Hedge

FS

I've been looking for hints on where (if) there is an oil bottom/turnaround coming; volumes, futures, price fluctuations, etc.,; and I'm not coming up with anything.