Little bit of weakness after my entry.:blink: Was expecting this so I only did 50%. I'm ok and redid the midterm channel for February. I like the top half of the long term channel too::cool:
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Little bit of weakness after my entry.:blink: Was expecting this so I only did 50%. I'm ok and redid the midterm channel for February. I like the top half of the long term channel too::cool:
Looking good.:cool: Not over bought yet even with a higher high today::smile:
Breakout above long term is confirmed. I have us overbought.:worried: With the stimulus being pushed through I am not issuing a sell. The Midterm channel looks so strong it's 60/40 that we can embed. Last time we stayed three weeks bouncing between 60 and 82 on Stochastics RSI. So I am in the watch mode::cool:
DOes "overbought" lose some meaning when we are talking about a collection of stocks, not a single stock? I was under the impression overbought was connected to the P/E ratio for the stock (Can you do an aggregate P/E for S&P 500 for example?). Thinking out loud here but I guess if the majority of stocks in an index fund are overbought, the ones that aren't may not buoy the index enough to keep it growing. We certainly chart the S&P 500 or DWCPF the same way we do a single stock but something makes me feel like using the same terms like overbought and oversold imply a cap that cannot be supported by the index. Just musing. Thanks again for the great chartwork Bquat! Good luck to all riding the wave up.
I was referring to just the S fund because that is what I'm in.
Seeing some weakness today but I have us embedded to the upside. I don't think anything is broken and that this dip is being bought. JMO::cool:
Men, Whipsaw Wednesday is here...
I pulled more off 70G 20S 10C
IFT COB 2-10
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I meant "Man," I did not mean to exclude the better gender:smile:
Did somebody say Whipsaw? :cool:
Yesterday's weakness was not enough to take us out of being embedded. Staying 50/50 S/G::cool:
Ok, what just happened :eek: