Cup and handle pattern targets 2330 for next week:
http://www.61point8.com/Portals/0/ar...170209SPY1.png
Cup and handle pattern targets 2330 for next week:
http://www.61point8.com/Portals/0/ar...170209SPY1.png
Good Call.
That was an easy call...the harder one is where will this run stop? Based on the S fund starting to lag, I think the Elliott wave guys and Gunner are right and this will peter out this week, somewhere in the low to mid 2340's. Then comes the pause that refreshes, but it won't be as deep as many are waiting for and they'll be chasing the market's tail again when it takes off without them by early March. It will take 2 or 3 tries to break 2350, but it will break.
On a personal note, I found out Sunday that I'm gonna be a first-time Grandpa in August.
That's great Tsunami. Congratulations!!! Grandchildren are one of the true joys of getting old!
"the biggest mistake that traders make is to let these short-term trades turn into longer-term investments when they don’t work." RevShark
Congratulations Grandpa! Your going to love it.
Congratulations Tsunami! I'm not a grandma yet but I look forward to it!! Wishing you the best! Little ones are a blessing!
Don't take my comments as trading advice /IFT: 4-24-24=50G- 50C https://www.theepochtimes.com/ & http://www.ewg.org/PermaCharts@p430#5159/strategy#4918p.410
Congrats Tsunami! Start the young'n early in stocks and surfing!
50% S, 50% C 06 Mar, was 100% G; 80% S 20% C COB 08 Jan '24; 100% G COB 14 Nov; was 100% C COB 31 Oct (Boo!); was 100% G COB 12 Oct; was 50% C, 50% S COB 22 Jun; Life is good!
I'm "enjoying the journey" as quoted from Tom's commentary this morning, but are we going into a "phase change" with much more to run, or about to fall off a cliff?
https://lunatictrader.com/2017/02/15/is-this-it/
I have no idea, but the index's having been riding above the Bollinger Bands for a few days...very toppy looking... I'm going to protect gains and deviate from my system here and go to the lily pad for a bit. I'm just 1.4% from my minimum retirement goal so that's part of the motivation.
I think the F fund has a decent shot to rally clear up to the 200dma, but I just don't trust it, so G fund here I come.
The F fund doesn't seem so scary right now after looking at this long-term chart:
TLT - SharpCharts Workbench - StockCharts.com
And neither do stocks after reading this:
https://lunatictrader.com/2017/02/24...f-1-down-days/
This is still tracking fairly well. If it continues a pullback should be near...but no top until August 2018...
El Niño, La Niña, & The Stock Market - Free Weekly Technical Analysis Chart - McClellan Financial
...and his oil analogy also predicts a top in 2018...
DJIA, And the Echo of 2007-08 Oil Blowoff - Free Weekly Technical Analysis Chart - McClellan Financial
Don't know if that will pan out (my guess is one more rally next week to ~2420, then a drop to ~2300), but I can safely predict my Cougs will not be part of March Madness for the 9th year in a row LOL.
Hey TS! It's a shame they played so well against Arizona State a few weeks ago. I thought they looked very powerful. I hope my Zags keep it together.
I'm reading similar stuff about a top in 2018; end of Primary Wave III I think is what I read (other say Primary V - I really don't know who is right). But what kinds of turney twisties will we are endure to get there...
Hope all is well. Thanks for posting. Here is a chart posted from a trader (Phil) who seems to do very well. Just short term FYI.
Phil.jpg
FS
FogSailing
Try to learn something about everything and everything about something.
S&P500 (C Fund) (delayed) (Stockcharts.com Real-time) |
DWCPF (S Fund) (delayed) (Stockcharts.com Real-time) |
EFA (I Fund) (delayed) (Stockcharts.com Real-time) |
BND (F Fund) (delayed) (Stockcharts.com Real-time) |
||
Yahoo Finance Realtime TSP Fund Tracking Index Quotes |
Bookmarks