Charts for Discussion

General TSP Discussion.

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bloobs
Posts: 1202
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Re: Charts for Discussion

Post by bloobs »

wingchaser wrote: Thu Oct 21, 2021 5:41 pm Now that the SPX (C Fund) has hit new ATH(s), the Algo’s have to be adjusted & any Resistance Levels have been removed.
....

Good place to be (albeit short-term) with Strong Earnings unfolding…
Would it make sense, for ones non-TSP accounts, to take some money off the table now very short term, then buy back in after a 2 or so day pull back?

wingchaser
Posts: 185
Joined: Thu Jan 22, 2009 8:39 am

Re: Charts for Discussion

Post by wingchaser »

bloobs:

Not sure if that question was directed @ me or the forum (in general)…

From a conservative stand-point, taking 25-50% off the table to secure profits is never a bad idea, then you’re playing with a lot more of “house money”. I take a totally different view as a Momentum Trader/Market Timer, in that, I’m normally “all in” until the market dictates otherwise…

Best of Luck (everyone) in all you choose to endeavor!!!
“Compound interest is the eighth wonder of the world. He who understands it, earns it. He who doesn’t... pays it.” ~ Albert Einstein

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bloobs
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Re: Charts for Discussion

Post by bloobs »

wingchaser wrote: Thu Oct 21, 2021 7:39 pm bloobs:

Not sure if that question was directed @ me or the forum (in general)…

From a conservative stand-point, taking 25-50% off the table to secure profits is never a bad idea, then you’re playing with a lot more of “house money”. I take a totally different view as a Momentum Trader/Market Timer, in that, I’m normally “all in” until the market dictates otherwise…

Best of Luck (everyone) in all you choose to endeavor!!!
:idea: :D
Anger and intolerance are the enemies of correct understanding.
― Mahatma Gandhi

If it's a choice between a difficult truth and a simple lie, people will take the lie every time. Even if it kills them.
― Paul Murray

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Tomanyiron
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Re: Charts for Discussion

Post by Tomanyiron »

I am moving 100% to G fund. IFT submitted.
Image
https://schrts.co/uuSzHsme

wingchaser
Posts: 185
Joined: Thu Jan 22, 2009 8:39 am

Re: Charts for Discussion

Post by wingchaser »

Ironman:

I like the fact that you used the DJIA as a leading indicator (here). I’m looking @ the candlestick patterns over the last six (6) months, and specifically focusing on the last seven (7) days, the DOW has a huge GAP UP Candlestick (today) that is usually indicative of positive UPWARD momentum. Yesterday, it was bolstered by a “baby” Long-Lower Shadow Candlestick, also an indicator that the Bulls are infusing their support into the matter…

Why not adjust your allocations to reflect

50% G Fund
50% S Fund

Closer inspection reveals that your charts reflect the S Fund & not the DOW @ all. The DOW will always remain one (1) of my LEADING INDICATORS.

Nevertheless, the S Fund (DWCPF) seems to moving in lock-step with the other major indices & that movement (or rather momentum) appears to be positive…

Tops are hard to call, it’s better for the market to tell us it’s adjusting with “consecutive” DOWN DAYS…

UPDATE: (1122 hrs.) Both the DOW & SPX have both began to depict Long-Upper Shadow Candlesticks, which can oftentimes signal that Bears are beginning to take control. The DOW is even more pronounced.

Best of Luck (everyone) in all you choose to endeavor!!!
“Compound interest is the eighth wonder of the world. He who understands it, earns it. He who doesn’t... pays it.” ~ Albert Einstein

PhilJohn
Posts: 373
Joined: Tue Apr 25, 2017 10:38 am

Re: Charts for Discussion

Post by PhilJohn »

Tomanyiron wrote: Fri Oct 22, 2021 9:48 am I am moving 100% to G fund. IFT submitted.
Image
https://schrts.co/uuSzHsme
I moved 70% to G. I think Monday we could see some gap fills to the down side. I'm probably wrong though!

wingchaser
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Joined: Thu Jan 22, 2009 8:39 am

Re: Charts for Discussion

Post by wingchaser »

SPX (C Fund) finished yesterday’s trading session with an ugly candlestick (Long-Legged Doji),

https://www.investopedia.com/terms/l/lo ... d-doji.asp

oftentimes (but not always), indicative of form-reversal, my bet (as I moved 50% into G Fund) is that we might finish the next few days with Bears havin’ seized control…

Hope not!!!

Best of Luck (everyone) in all you choose to endeavor!!!
“Compound interest is the eighth wonder of the world. He who understands it, earns it. He who doesn’t... pays it.” ~ Albert Einstein

wingchaser
Posts: 185
Joined: Thu Jan 22, 2009 8:39 am

Re: Charts for Discussion

Post by wingchaser »

Long-Legged Upper Shadow Candlestick (SPX) yesterday with subsequent downward propensity (today) may signal a Top for short-term activity going forward…

Best of Luck (everyone) in all you choose to endeavor!!!
“Compound interest is the eighth wonder of the world. He who understands it, earns it. He who doesn’t... pays it.” ~ Albert Einstein

MarielDam965
Posts: 3
Joined: Mon Oct 25, 2021 1:23 pm

Re: Charts for Discussion

Post by MarielDam965 »

PhilJohn wrote: Fri Oct 22, 2021 3:15 pm
Tomanyiron wrote: Fri Oct 22, 2021 9:48 am I am moving 100% to G fund. IFT submitted.
Image
I moved 70% to G. I think Monday we could see some gap fills to the down side. I'm probably wrong though!
Beautiful

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Tomanyiron
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Joined: Mon Apr 26, 2010 6:39 am

Re: Charts for Discussion

Post by Tomanyiron »

To buy or not to buy, that is the question…

Image

https://schrts.co/cXMYSQws

wingchaser
Posts: 185
Joined: Thu Jan 22, 2009 8:39 am

Re: Charts for Discussion

Post by wingchaser »

SPX isn’t as OVERSOLD as the S FUND, though the recent charts are quite ominous (indeed)…

Like the fact that you’re imploring my Williams Metric, Iron One!!!

Best of Luck (everyone) in all you choose to endeavor!!!
“Compound interest is the eighth wonder of the world. He who understands it, earns it. He who doesn’t... pays it.” ~ Albert Einstein

Elfer
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Joined: Fri Apr 06, 2018 2:56 am

Re: Charts for Discussion

Post by Elfer »

S fund has one more gap to fill at 2237

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bloobs
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Re: Charts for Discussion

Post by bloobs »

Elfer wrote: Tue Nov 23, 2021 11:51 am S fund has one more gap to fill at 2237
I thought this pullback would be done once it crossed the 50 day MA :x

wingchaser
Posts: 185
Joined: Thu Jan 22, 2009 8:39 am

Re: Charts for Discussion

Post by wingchaser »

Tomorrow is lookin’ incredibly nasty…

https://www.zerohedge.com/geopolitical/ ... vid-strain

Best of Luck (everyone) in all you choose to endeavor!!!
“Compound interest is the eighth wonder of the world. He who understands it, earns it. He who doesn’t... pays it.” ~ Albert Einstein

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Tomanyiron
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Re: Charts for Discussion

Post by Tomanyiron »

Alone with a Friend/Force signal, I would like to see five things happen.
There are some redundancy, but I need it for confidence.

1- !ITVMOEX Must turn up
https://schrts.co/DHSyZkYG

As it did in March of 2020
https://schrts.co/ZcYcVTWQ

2- $DWCPF PMO (20, 25, 10) Must turn up
https://schrts.co/jsyEHYtR

As it did in 2020
https://schrts.co/vUMTFgpN

3- $DWCPF Stoch RSI (15) Must turn up
https://schrts.co/wmSaUzvI

As it did in 2020
https://schrts.co/FvNMNavh

4- NYSE McClellan Summation Index must turn up
https://schrts.co/GRyJWQED

As it did in 2020
https://schrts.co/uKYpZXAG

5- TRIX (7, 9) must turn up
https://schrts.co/xWDZgnsD

As it did in 2020
https://schrts.co/HtGqvUEa

I have no illusions this will work out perfectly, but as Yogi said, "If the world were perfect, it wouldn't be".

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Fund Prices2021-11-26

FundPriceDayYTD
G $16.71 0.01% 1.24%
F $20.92 0.78% -1.29%
C $69.26 -2.27% 23.88%
S $84.86 -2.44% 14.36%
I $37.89 -2.19% 7.07%
L2065 $14.44 -2.24% 16.31%
L2060 $14.44 -2.24% 16.31%
L2055 $14.44 -2.24% 16.31%
L2050 $29.27 -1.79% 13.42%
L2045 $13.35 -1.67% 12.66%
L2040 $48.68 -1.56% 11.93%
L2035 $12.85 -1.43% 11.06%
L2030 $42.73 -1.31% 10.19%
L2025 $12.07 -0.95% 8.13%
Linc $23.29 -0.47% 4.52%

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