Thread: amoeba's Account Talk

So so close....didn't recapture 50 EMA in SPY, and rolled over in last 30 min. More downside room IMO. Wake me up at the 200 EMA.

I couldn't handle the 3.5% crash for this month.

It felt just like 2007/8 - or maybe even the Great Depression.

Just think, if the market (defined for my scholastic purposes and for the learned purposes of this esteemed study as the S&P500 and it's earlier variants) loses another 86% of it's valuation than we are just like The Great Depression!!!

Look out below

Boghie...If Birch was around his reply to that post would take up a full page...or he would just say "Snort".

Today made little sense; a decidedly weak retail sales #, second poor one in the last 3 months, resulting in a negative open gets completely overshadowed by an unexpected announcement that auto tariffs would be delayed (auto sales, electronics, others, were part of the overall weak number). OK fine....I shall live to trade another day, I guess. What's next? Cow tipping? I'm still hoping to somehow pull even for the month with a well-timed IFT....don't have much confidence, never did, in May.

More weak retail #'s today, LOW, etc. Earlier this week, existing home sales as well as a slew of retail comp reports disappointed. Technically, the 13 EMA substantially touched the 50, and when that last was breached 10/4, there was more than just blood. All that said, we're coming up on the best weak volume seasonal play of the year; Memorial Day....so it may be time to throw down some chips for a day or so before and/or after, to pick up some last coin before the curtain falls on this bull. It is big gamble, and, despite the lack of huge drops recently....3% or more in any day (either way) next week is not out of the question this time around.

Place your bets.

Look at today's 24% aaii bull reading! Anyone buying?

Amoeba, where is that figure found?

Originally Posted by Whipsaw

Amoeba, where is that figure found?

here

https://www.aaii.com/sentimentsurvey/sent_results

So, is this a contrarian figure? Dumb money? What is it indicating?

Originally Posted by Whipsaw

So, is this a contrarian figure? Dumb money? What is it indicating?

Strong contrarian. A buy signal. Can go lower, but consecutive weeks in the 20s is unusual. I bought, 100% all in, today.

Oh the humanity! Sell sell sell (today, then buy tomorrow, so I can get out; thank you for your consideration).