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Thread: FogSailing's Account Talk

  1. #1117

    Join Date
    May 2007
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    Washington State
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    90

    Default Re: FogSailing's Account Talk

    Welp(ing) I'm taking my Mrk't funds to G today. I don't put as much in these days for preservation in general, but I still lost a couple percent in the last month & wiped away my measly 2018 gains. was betting on Santa coming this year and before now - nope. So I'm away for 3-weeks an no way willing to risk now. Merry Christmas / Happy Holidays and good luck to all for this year.

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  3. #1118

    Join Date
    Feb 2013
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    Maryland
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    2,503

    Default Re: FogSailing's Account Talk

    FS

    I just read an article that says :U.S. stocks are on pace https//tmsnrt.rs/2A3z5ML for their biggest December decline since 1931, the depths of the Great Depression.

    Just so sad to watch peoples retirement savings going down the toilet.
    But first...Coffee

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  5. #1119

    Join Date
    Jan 2006
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    Phoenix, AZ
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    3,005

    Default Re: FogSailing's Account Talk

    Agreed Raven. I think this is more than a correction. A lot of folks have said were correcting between 1810 and 2941. I think we're correcting between 666 and 2951. I wouldn't be surprised to see us bottom out around 1500 over the next 3-6 months. This is a dangerous declining market. Even if we pop to 2600-2650, I think this beast is still heading down. Best to luck everyone in your trading.
    FogSailing
    Try to learn something about everything and everything about something.

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  7. #1120

    Default Re: FogSailing's Account Talk

    Quote Originally Posted by FogSailing View Post
    Agreed Raven. I think this is more than a correction. A lot of folks have said were correcting between 1810 and 2941. I think we're correcting between 666 and 2951. I wouldn't be surprised to see us bottom out around 1500 over the next 3-6 months. This is a dangerous declining market. Even if we pop to 2600-2650, I think this beast is still heading down. Best to luck everyone in your trading.
    Hope you're wrong buddy! Best of luck to us all! Still looking towards a little green in the market reports!

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  9. #1121

    Join Date
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    Default Re: FogSailing's Account Talk

    Quote Originally Posted by Scout333 View Post
    Hope you're wrong buddy! Best of luck to us all! Still looking towards a little green in the market reports!
    I hope I'm wrong as well. We've marched from 666 to 2941 or 2300 points over the last 9 years. That's quite a bull. It just wouldn't surprise to see stocks fall back to lower prices for a while.

    FS

    Sent from my VS995 using Tapatalk
    FogSailing
    Try to learn something about everything and everything about something.

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  11. #1122

    Join Date
    Jan 2006
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    Default Re: FogSailing's Account Talk

    Merry Christmas to All On The Forum!
    Wishing all of you and your families a wonderful Christmas.

    With respect to markets, here are the Fibonacci support levels: 2376 resistance and support at 2309, 2270, and 2242.

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

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  13. #1123

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    Jan 2006
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    Default Re: FogSailing's Account Talk

    What a wild ride. So either 2494 taken out, or downside target is 2290.
    No idea on timing.
    Market has a way of tricking us. With PPT intervening yesterday, and probably today, we could have some temporary relief.
    But we're still headed down.
    Happy Holidays Everyone.

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

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  15. #1124

    Join Date
    Jan 2006
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    Default Re: FogSailing's Account Talk

    Took a holiday break. Just like a bear market, huge drop and surge in January out of the gate. I think it's time for more corrective action. First, resistance is at 2614 if it makes it that far before correcting. I'm seeing support at between 2515 and 2450. From there, Fibs say back to 2700. I'm holding until i see the it pullback to 2515-2450. Then a short play. More downside coming our way though.

    Be safe out there.

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

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  17. #1125

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    Default Re: FogSailing's Account Talk

    Ok, we are approaching resistance at 2614. I'm starting to think this is a bull trap. If it pushes through to say 2617 and people buy in, they have a long weekend to get through. I'm dubious about it pushing up further but I'm often wrong on market timing and it could be that we're headed to 2700 and then........

    In any event, I feel we are still in a bear market that hasn't shown us it's full downside yet. I'm one of those folks that thinks we'll see 2100 before we see 2900.

    Best to you in your trading.

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


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  19. #1126

    Join Date
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    Default Re: FogSailing's Account Talk

    Ok, it didn't make 2614. So probably a bit of a light pullback BUT it could be in the process of blowing past 2614 next Tuesday. I'm still in hold mode. When she gets to 2525, I'll readjust my glasses and my screen.

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

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  21. #1127

    Join Date
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    Default Re: FogSailing's Account Talk

    Looked again, 1st level of support is 2574. I think I may jump in at that time instead of 2525. Upside is likely only 2600....so a quick dip in and out is my guess..

    We'll see tomorrow.

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

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  23. #1128

    Default Re: FogSailing's Account Talk

    You are reminding me of my thoughts in December when I caught that falling knife. I am trying not to be a greedy-overconfident-ass this time and bide my time. It has been hard watching this climb since I got out at the first of the month. I am patient though...there is a good entry coming.

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