Thread: clester's Account Talk

Originally Posted by clester

Well, We went through the 200 dma but fairly flat yesterday and futures up this morning. I think we rebound up from here. Apple tested its 200 dma so I hope it climbs back as well.

Sure hope so. I've taken a pretty good hit so far. Down $24K from my high point in August.

Wish I could agree with you guys for apple but I have my doubts. Apple has great products but it is monopoly based and the global trend is to head for the open market platforms. I have wondered for the past few years when a valuation drop would occur. This could be it.

Originally Posted by nasa1974

Sure hope so. I've taken a pretty good hit so far. Down $24K from my high point in August.

Been a rough ride. S fund is in bear market with 50 dma below the 200 dma. C fund is heading that way. I am at a critical point to hold my long C fund shares. The gap down and negative sentiment may mark the low. If we don't rebound today I'll be selling at least 50%.

The selling after the close yesterday has dried up. Thats a good sign. Sellers may be exhausted. Let's hope so.

Originally Posted by clester

The selling after the close yesterday has dried up. Thats a good sign. Sellers may be exhausted. Let's hope so.

I think we could easily run up to the 200 dma on the S&P. The most recent downtrend line has been broken. Pretty good resistance at the 200 and The 50 dma is falling toward the same spot. S fund is already in bear market and so is the I fund. There are usually some really good relief rallies in this kind of market. I might sell some or all at that point.

End of the month is coming too. I'd kinda like to free up some cash just in case the plan doesn't play out. So, thinking about selling 50% Friday

This was a typical bear market rip up. Lots of shorts had to buy. It’s not clear sailing yet but it’s looking good. Resistance at the double top, 200 dma and the 50 dma could cause another pull back. I am still planning on selling 50% before the weekend. We’ll see


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If we had more moves I would plan on bailing tomorrow too. As it is I hate being out of markets at the start of the month without a solid signal to the downside present. I like having the option to go to g and then buy in later instead of buying in and then only able to reallocate or go to g. Happy trading!!!

Originally Posted by clester

This was a typical bear market rip up. Lots of shorts had to buy. It’s not clear sailing yet but it’s looking good. Resistance at the double top, 200 dma and the 50 dma could cause another pull back. I am still planning on selling 50% before the weekend. We’ll see


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50 G 50 C today.

Originally Posted by clester

50 G 50 C today.

I may go 100 G tomorrow. Convergence of downtrend line 50 and 200 DMA's

Almost did the same but letting it ride. Even though I fell like I just bet all on green....

Originally Posted by Mcqlives

Almost did the same but letting it ride. Even though I fell like I just bet all on green....

I think the odds are even on the next move. Up or down. The markets are talking up the positives on the china meeting this weekend so I think the risk is to the downside now. But probably nothing much will happen. My big concerns are: S fund in bear market, C fund heading toward the death cross, Downtrend line hasn't been broken and is being tested now. C fund has the convergence of the downtrend line, the 50 and 200 dma. If we bust through those lines upward, it's off to the races.

My system says I should be in 50% in the market since the C fund is still in bull market. But it's kinda mixed since the S fund is in a bear market snd C fund is headed that way. So, I'm still considering..