Just want to add my name to the list of those who read your thread.
We still haven't broken out to a new high on c and s funds, although we were very close. So, the resistance there is very strong. If we fail and start down, I would start getting cautious. We are building a base still. Still have a sell point at the point where we broke out or about 797 on $emw. I am expecting the breakout to new high though.
100 G
RSI - Relative Strength Indicator DMA - day moving average
Just want to add my name to the list of those who read your thread.
Thanks for letting me know.
Obviously, we won't get to 1565 tomorrow so that prediction was wrong. I'm going to have to do some polishing on that crystal ball. I don't see any problems yet. We're having a nice consolidation which wasn't unexpected. I still expect April to July to be good. Being out of trades I can't play any dips but this would be a good place IMO with a stop loss at the 50 dma or at the breakout point. That's my sell point. Profits hurt us today. Let's hope that doesn't continue.
100 G
RSI - Relative Strength Indicator DMA - day moving average
Jim Cramer is about as good in market analysis as he is in basketball analysis. He picked Wisconsin to win it all. Bzzzzzz.
100 G
RSI - Relative Strength Indicator DMA - day moving average
Will this be the week we finally bust out to new highs? I think so. And April ?
I still think April through June or July will be good and hopefully I can stay inveested untill then. We will have a correction this summer I think and probably a pretty good one. Especially if we're up another 10 % or more. Just normal profit taking correction. They are sometimes 10% or more. Don't get too complacent. Keep an eye on the charts and have a sell point below for when it comes. Because it will. Untill then, let's make some money.....
100 G
RSI - Relative Strength Indicator DMA - day moving average
I'm watching 797 on $emw(s fund) for a stop loss if we continue down. Nothing broken yet from my perspective although I don't like reversal days. It isnt at the high, at least but we failed again at s&p all time high. I am still thinking we'll get that new high.
100 G
RSI - Relative Strength Indicator DMA - day moving average
IMHO the longer we stay confined within these levels, the greater the move will be. Predicting the direction in another story
Retired, 50G/50C_ BLOG: Stats for April, 2024 Stats
This sideways movement is just as good as a pullback. Some would say its trouble. The rally is losing steam. Flat tops bring market drops etc.
All that could be true or it could be a high base as some others would call it. The bottom line is that we are consolidating here. Catching our breath. My crystal ball says we continue up but I have an exit plan like everyone should.
A lot of bears have come out recently. That's good. More fuel for the fire. Sentiment isn't too high yet. There are no sell signals with my system yet.
100 G
RSI - Relative Strength Indicator DMA - day moving average
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