Thread: clester's Account Talk

Taking a nibble today. 15 - I 10-C 5-S still have 1 IFT left if we tank again before eom.


Cheers Clester and Happy new year everyone!!

Originally Posted by BooDog

Taking a nibble today. 15 - I 10-C 5-S still have 1 IFT left if we tank again before eom.


Cheers Clester and Happy new year everyone!!

Cheers!

Been looking a little closer at charts and may be buying today. Gonna let it play out this morning but leaning toward getting in. I have been looking on a little longer time frame (back to Aug) and I see the divergence that I have been talking about on the S and I funds. (RSI moving higher while prices make a lower low). The C fund hasn't done the same but is holding the lower trend line and touched RSI of 30.

Also, I need to see the selling abate before jumping in and we may have that too.

Originally Posted by clester

Been looking a little closer at charts and may be buying today. Gonna let it play out this morning but leaning toward getting in. I have been looking on a little longer time frame (back to Aug) and I see the divergence that I have been talking about on the S and I funds. (RSI moving higher while prices make a lower low). The C fund hasn't done the same but is holding the lower trend line and touched RSI of 30.

Also, I need to see the selling abate before jumping in and we may have that too.

if you go in will it be at 50% or 100%??

Originally Posted by ATCHUNTman

if you go in will it be at 50% or 100%??

Before he answers, I would guess 50/50.

Frank

Originally Posted by ATCHUNTman

if you go in will it be at 50% or 100%??

Hey Jeff, Hope you're enjoying retirement.

This is a good question. It's a gray area in my system. I usually only go in 50% in a bear market but the setup we have is a pretty safe bet and would override that. So, I would go 100% in this case but I would be careful. I only have 1 trade left. So, if the trade doesn't work out I would get out and have to sit on the sideline the rest of the month.

Markets are volatile. Be careful.

Originally Posted by clester

Hey Jeff, Hope you're enjoying retirement.

This is a good question. It's a gray area in my system. I usually only go in 50% in a bear market but the setup we have is a pretty safe bet and would override that. So, I would go 100% in this case but I would be careful. I only have 1 trade left. So, if the trade doesn't work out I would get out and have to sit on the sideline the rest of the month.

Markets are volatile. Be careful.

Retirement is great Craig, hope you are doing well. I only have 1 trade left as well. It's been a wild start to 2016! Thanks.

Originally Posted by ATCHUNTman

Retirement is great Craig, hope you are doing well. I only have 1 trade left as well. It's been a wild start to 2016! Thanks.

I'm doing Great! Been retired over 5 years! Can't believe it.

Looks like the rally is fading

I may wait for another day. But, I expect to be buying soon, if not today.

Originally Posted by clester

I'm doing Great! Been retired over 5 years! Can't believe it.

Looks like the rally is fading

I may wait for another day. But, I expect to be buying soon, if not today.

Glad to hear it, I just hit 3 years this month. If and when you buy it will be the c fund correct? Take care!

Decided to hold off. I just really need to see the selling stop. I think we are near a buy but patience is a virtue.

Originally Posted by clester

Decided to hold off. I just really need to see the selling stop. I think we are near a buy but patience is a virtue.

Yesterday just blew up my divergence case. So, all I have now is a sub 30 RSI and looking for a 20 print to override all other signals. I watch the S&P for that. The S fund is under 21 as I speak but that index has been so week for a long time that I'm not using for a buy signal. It is more volatile and therefore can go lower. Also, I need to see the selling stop.

I think everyone is trying to figure out why we are dropping so much so fast. I think it could be foreign investors taking money out. China, Europe, etc