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    Re: FogSailing's Account Talk

    Well, those tariffs are finally biting us in the ass. We have the big drop from 3029 with a healthy retracement and now, this week, what very much looks like a continuation down. As a wave...
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    Re: FogSailing's Account Talk

    My guess is that we hit the 2720 area tomorrow and then bounce on Tuesday. I expect Wed-Thurs to be down to even. And no idea about Friday. And therein lies the big question. Macroeconomics teaches...
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    Re: FogSailing's Account Talk

    WAVE COUNTERS ARE CONCERNED NEXT WEEK COULD BE TOUGH BY MIDWEEK..HERE'S A CHART. GOOD LUCK OUT THERE.

    FS
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    Re: FogSailing's Account Talk

    I'm enjoying the ride up. Guessing it stops just short of 2900 with 150-160 point reversal. Sometime later next week, probably Friday. The wife and I are off to Texas for barbeque, country music, a...
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    Re: DreamboatAnnie's Account Talk

    I don't see either side backing down. Our economy is currently strong. I'm betting the thinking is "Leave that worry for another day." So I see both parties holding tough positions until something...
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    Re: FogSailing's Account Talk

    The last time 13 and 34 DMA's crossed was back in late January...
    The market has been on a tear since..
    They almost crossed back again yesterday..
    Suggest folks keep their eyes on that pattern..
    ...
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    Re: FogSailing's Account Talk

    One of traders I follow has posted this EW scenario which is currently the main scenario I've been following for a while.. Based on the strength of the market, we could very possibly break out of...
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    Re: FogSailing's Account Talk

    Today I think we'll see SPX at 2778 IF it retreats under 2820, which I think is probable. Then, because of the of the strength of the market perhaps a bounce back to 2834. My analysis is changing day...
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    Re: userque's Account talk

    Good post Q. Makes you wonder whether this thing extends to a point that we revisit the December lows...I wouldn't be surprised.

    FS
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    Re: FogSailing's Account Talk

    I'm looking at today like the 1st day of a Government Shutdown. It will get worse as time goes on and some folks are going to be hurt in a bad way, Agriculture but also many manufacturing and...
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    Re: Tsunami's Account Talk

    I'm reading others saying the same TS, and a few alternative counts that go a different direction..

    FS
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    Re: FogSailing's Account Talk

    Are we at an inflection point? Inquiring minds want to know....and I'm guessing the truth will be revealed after our IFT cut-off time....In the meantime, a little humor for all my TSP friends..44367...
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    Re: FogSailing's Account Talk

    I'm guessing 2855-2840 area tomorrow and a deeper retrace after Friday. Wouldn't be surprised to see us retouch the December lows. Who know what happens after we pullback. This has been a very robust...
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    Re: DreamboatAnnie's Account Talk

    I think rspring is right and the market knows it. But in Trump's defense, the US Trade Rep negotiated a good deal. One of the key agreements was that China would implement these Trade Agreement...
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    Re: FogSailing's Account Talk

    Who knows what goes down tomorrow. Word has it the Chinese Vice Premier will be here for the trade talks. China retreated from agreements it had made with American negotiators. Trump has declared...
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    Re: James48843 Account Talk

    I didn't know James was that much younger than I am, but i've always know he was more mature..:D:D:D
    Good luck on your move James.

    FS
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    Re: James48843 Account Talk

    James is a kitten compared to me...
    Or perhaps i should say it this way...I take lots of naps...:D:D:D
    FS
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    Re: FogSailing's Account Talk

    It SPX goes below 2931 - stand by for heavy rolls..

    FS
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    Re: Whipsaw's Account Talk

    I've was expecting a big decline to occur the last time it dropped from 2880 down to 2350. It dropped, but recovered very nicely. Just goes to show the strength of a market when corporations pay no...
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    Re: FogSailing's Account Talk

    Still have 2 IFTs burning a hole in my pocket. But I don't plan to use either of them until SPX exceeds 2898, or shows it's finally beginning it's journey back to 2583. It seems to thinking through...
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    Re: FogSailing's Account Talk

    Holding back. Waiting for a good buying opportunity. There is also a gap on the daily between 2874 and 2880. If we can hurdle over I expect further upside. In addition, there is a nice H&S on the...
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    Re: FogSailing's Account Talk

    My number for the market returning to 2880 or higher was 2836. Today SPX hit 2836.03 and them pulled back a few points. Monday is likely begins a squeeze or melt up headed to 2880. It's possible it...
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    Re: FogSailing's Account Talk

    Interesting things happening....I've been watching the inverted yield curve and bonds..that has my attention. The bond market looks ready for an event. Media is talking fears of recession abroad but...
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    Re: nnuut's Account Talk

    You appear to have all the qualifications of an experienced "registered and licensed" sampler!!!:D:laugh::smile:
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    Re: FogSailing's Account Talk

    I don't like posting more than once a day but this is an observation from a trader who I highly respect. Just FYI. Glad i'm in G right..

    Besides the right shoulder of a 14 month H&S now...
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