Thread: Play for the bounce... if only we had unlimited trades again

Fundamentals, I don't trade on fundamentals, I trade on luck. And today it's very rewarding.

Originally Posted by Birchtree

Fundamentals, I don't trade on fundamentals, I trade on luck. And today it's very rewarding.

Fundamentals in this kind of market mean nothing. Luck is really just the result of doing the right things to put yourself in the right position at the right time.

IMO, The last high 1230 is now the goal. If we don't make it above it then time to get out. The 50 dma is coming down to about 1245. That will be another place to sell if not topped.

Originally Posted by Birchtree

Fundamentals, I don't trade on fundamentals, I trade on luck. And today it's very rewarding.

Maybe I'll get lucky tonight

When I saw that S fund was falling I went 100% S fund last Friday [effective yesterday.] It landed on the 20 day moving average. I hoped that Tuesday's market would find support there but it fell and then rose: ending 0.53% down. It went up 2% by 11:30 today and with the current volatility, I got out at my monthly target of 3% [3.34%]. Moved 100% into the F fund for the expected 15% fall through later in the month. Hoping to get an additional 1.4% in the F fund. Good Luck.

Originally Posted by TSPNotley

When I saw that S fund was falling I went 100% S fund last Friday [effective yesterday.] It landed on the 20 day moving average. I hoped that Tuesday's market would find support there but it fell and then rose: ending 0.53% down. It went up 2% by 11:30 today and with the current volatility, I got out at my monthly target of 3% [3.34%]. Moved 100% into the F fund for the expected 15% fall through later in the month. Hoping to get an additional 1.4% in the F fund. Good Luck.

3% a month would be great. Good luck.

I have that bad feeling again. If we open down like the futures show and stay down before noon, i think that will be our lower high. Of course, with our trading restrictions we have to make an early decision and things could reverse in the afternoon.

I am leaning toward the downside. Congress back in the news is bad.

We did get a higher high of 1204 yesterday so that keeps the trend up. Today will be pivotable. If we don't top 1204 today then we will have a lower high.

So, here we are again. Where will the bounce be? 1120? 1050? I think first we watch and wait.

S fund is on verge of breaking down. Almost to lows again. S&p 1120 and 1100 are key. Tempted to buy today but I have learned not to try and catch a falling knife.

So, we have bounced again at key levels. I'm thinking we may continue up through Friday. What do you think fundsurfer?