Thread: clester's Account Talk

Originally Posted by clester

Just taking a quick look, I would say the 50 dma or the 1600 area.

Looks like my timing was off again. At least this morning anyway. I don't like the volatility. Two days down over 20 points and then one day up over 20 points on S&P this month already. We need to hold above the 1600 area if we continue down.

Originally Posted by clester

Looks like my timing was off again. At least this morning anyway. I don't like the volatility. Two days down over 20 points and then one day up over 20 points on S&P this month already. We need to hold above the 1600 area if we continue down.

There is a gap on the S&P chart below 1625. That's unusual for S&P. Maybe we fill that today and bounce.

Originally Posted by clester

There is a gap on the S&P chart below 1625. That's unusual for S&P. Maybe we fill that today and bounce.

Looks like the gap has been filled. Look for a bounce. But if we're down over 20 points on S&P I'll have another sell signal. The problem with this signal is that I'm not sure I should use it if it happens intraday, near noon or after a close down over 20.

Don't you just hate the Noon deadline and the 2 IFT limit?

Originally Posted by Cactus

Don't you just hate the Noon deadline and the 2 IFT limit?

Yes I do!

"I still think that once the index breaks the support line of this rising channel, it'll get real ugly, real fast. But it's still too early to get aggressive on the short side. The S&P 500 looks like it could make another push up toward new all-time highs before stocks roll over into a correction."

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Originally Posted by Valkyrie

"I still think that once the index breaks the support line of this rising channel, it'll get real ugly, real fast. But it's still too early to get aggressive on the short side. The S&P 500 looks like it could make another push up toward new all-time highs before stocks roll over into a correction."

Growth Stock Wire | Stock Market Analysis, Market News & Stock Picks

That's sorta what I'm thinking. We go up to 1700 or so before the correction starts. But I'll let the charts tell me what to do.

Originally Posted by clester

Looks like the gap has been filled. Look for a bounce.

So far so good. Let's keep it goin

Originally Posted by clester

So far so good. Let's keep it goin

Impressive

Originally Posted by ATCHUNTman

Impressive

That's what she said.

Originally Posted by clester

That's what she said.

Rofl...maybe 30 years ago!!