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 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…
Charts for Discussion
Moderator: Aitrus
Re: Charts for Discussion
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wingchaser
- Posts: 801
- Joined: Thu Jan 22, 2009 8:39 am
Re: Charts for Discussion
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!!!
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
Re: Charts for Discussion
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!!!
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
― 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
- Posts: 4973
- Joined: Mon Apr 26, 2010 6:39 am
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wingchaser
- Posts: 801
- Joined: Thu Jan 22, 2009 8:39 am
Re: Charts for Discussion
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!!!
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
Re: Charts for Discussion
I moved 70% to G. I think Monday we could see some gap fills to the down side. I'm probably wrong though!Tomanyiron wrote: ↑Fri Oct 22, 2021 9:48 am I am moving 100% to G fund. IFT submitted.
https://schrts.co/uuSzHsme
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wingchaser
- Posts: 801
- Joined: Thu Jan 22, 2009 8:39 am
Re: Charts for Discussion
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!!!
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
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wingchaser
- Posts: 801
- Joined: Thu Jan 22, 2009 8:39 am
Re: Charts for Discussion
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!!!
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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MarielDam965
- Posts: 3
- Joined: Mon Oct 25, 2021 1:23 pm
Re: Charts for Discussion
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Tomanyiron
- Posts: 4973
- Joined: Mon Apr 26, 2010 6:39 am
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wingchaser
- Posts: 801
- Joined: Thu Jan 22, 2009 8:39 am
Re: Charts for Discussion
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!!!
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
Re: Charts for Discussion
S fund has one more gap to fill at 2237
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wingchaser
- Posts: 801
- Joined: Thu Jan 22, 2009 8:39 am
Re: Charts for Discussion
Tomorrow is lookin’ incredibly nasty…
https://www.zerohedge.com/geopolitical/ ... vid-strain
Best of Luck (everyone) in all you choose to endeavor!!!
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
- Posts: 4973
- Joined: Mon Apr 26, 2010 6:39 am
Re: Charts for Discussion
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".
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".
Fund Prices2024-04-17
| Fund | Price | Day | YTD |
| G | $18.19 | 0.01% | 1.25% |
| F | $18.68 | 0.50% | -2.85% |
| C | $78.62 | -0.58% | 5.72% |
| S | $76.27 | -0.89% | -1.07% |
| I | $40.66 | -0.17% | 1.19% |
| L2065 | $15.60 | -0.47% | 3.17% |
| L2060 | $15.60 | -0.47% | 3.18% |
| L2055 | $15.60 | -0.47% | 3.18% |
| L2050 | $31.39 | -0.35% | 2.57% |
| L2045 | $14.34 | -0.33% | 2.47% |
| L2040 | $52.43 | -0.31% | 2.41% |
| L2035 | $13.87 | -0.28% | 2.31% |
| L2030 | $46.25 | -0.25% | 2.24% |
| L2025 | $12.93 | -0.12% | 1.78% |
| Linc | $25.29 | -0.09% | 1.55% |