Thread: clester's Account Talk

Originally Posted by ToddB

I’m out! Only had 30%S but I don’t see anything positive. 100% G for me until the market improves!
Merry Christmas and Happy Holidays to all!⛄️


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A lot of times that's the sentiment needed to get a rally going. I just feel like this downtrend is going to turn around soon. I'm not at the "get me out at any price" place but I would be if I had ridden this all the way down.

I'm saying we are at the bottom or near it. Mostly short sellers are in the market right now IMO. I'm tempted to join them... so that means its a bad time to sell

Originally Posted by ToddB

I’m out! Only had 30%S but I don’t see anything positive. 100% G for me until the market improves!
Merry Christmas and Happy Holidays to all!⛄️


Sent from my iPhone using Tapatalk

The beatings will continue until morale improves!

Have a Merry Christmas and hopefully we will all have a Happy New Year!

Sentiment is way too bearish via The AAII sentiment survey. That may signal a buying opportunity. It's always hard to buy on the way down though. Apple is up today at least.

Originally Posted by clester

Sentiment is way too bearish via The AAII sentiment survey. That may signal a buying opportunity. It's always hard to buy on the way down though. Apple is up today at least.

A problem for me is that the RSI indicator of everything I've been looking at is not shown oversold yet.

Don't FIGHT the FED!

Originally Posted by clester

A problem for me is that the RSI indicator of everything I've been looking at is not shown oversold yet.

The S fund hit oversold today and C fund is pretty close. We also hit the February low that everyone was expecting. Plus, terrible sentiment may be enough to start a relief rally. Not sure how far a rally we get. We are definitely in a real bear market imo. Gonna be a traders market for a while. Hard to do that in TSP. Hoping S&P can get back to the 50 dma that is sloping down

Originally Posted by clester

The S fund hit oversold today and C fund is pretty close. We also hit the February low that everyone was expecting. Plus, terrible sentiment may be enough to start a relief rally. Not sure how far a rally we get. We are definitely in a real bear market imo. Gonna be a traders market for a while. Hard to do that in TSP. Hoping S&P can get back to the 50 dma that is sloping down

Thinking of selling today. Probably just listening to talking heads too much but they paint an ugly picture. The charts look ugly too. Even if we were overbought, those rallies get sold. I kinda want to wait for the fed tomorrow and expect a rally but who really knows.

Originally Posted by clester

Thinking of selling today. Probably just listening to talking heads too much but they paint an ugly picture. The charts look ugly too. Even if we were overbought, those rallies get sold. I kinda want to wait for the fed tomorrow and expect a rally but who really knows.

We are now very oversold so a rally should be coming. But sometimes we go further than normal. I may look to buy some in my IRA tomorrow since I'm out of out of moves

Originally Posted by clester

We are now very oversold so a rally should be coming. But sometimes we go further than normal. I may look to buy some in my IRA tomorrow since I'm out of out of moves

the rally came but after Christmas. I missed that one. it felt like the 24th was a wash out and turned out it was. I never bought in. I should have but I was out of moves for December. One clue for my system was the RSI at 20 on the S&P. That overrides all other signals. I missed it. Now, the rally has reached the point of decision. We are near the 50 dma and we've been losing steam. Should be a pullback here. How much is the question. A retest of the lows for a double bottom would be perfect but a 50% retracement would work too. If we blast through the 50 dma then we have more rally coming. But we need a pullback to make this last imo.

I agree. And did the same you did with missing (most of) this upside. I have 2607, 2447 and 2351 set for my alarm calls...otherwise I am snoozing in G.