Today I stuck with my plan and rolled my last 30% safe money into the market. See my chart of the S&P 500 and S fund chart for levels and notes. I’m more nervous about this move then I have been for a long time. Tomorrow is already looking like a 7-10 point down day,…
Month: November 2011
Monday gave us the Pivot
If your looking to bet on the market, today gave you at least a lower pivot low. Normally you would not want to enter on this, so it is still betting, but at least you have a pivot. A pivot low normally means a reversal that will at least last a few days, so below…
Just a few points to watch
I have had a few ask, “what is going happen next?” “Is this the bottom?” Is Monday going to go up?” The easy answer is the only answer, I have no idea. No one can predict the future but you can read what is happening as it is happening. I have heard people say that…
TSP Weekly Update 11/27/2011
Below is quote from ST50.com and the author is Ivan Hoff Market sentiment is at a point where the major indexes can either crash 10%+ or rally 5-10% on some unexpected news. Fundamentals play little role here, obvious levels of support and resistance are irrelevant, and stocks trade on headlines and pure emotions. This is…
The market November 17th, 2011 UGH!!!
Well folks, this is bad and there is nothing else one can say about it. Yesterday we confirmed a new lower High and today we broke down through $1230 support and we will have a new lower Low, which we did not want to happen. To be safe, I would say run to safety. There…
TSP Weekly report, 11/11/11
What a week we had last week and at it’s end we basically accomplished nothing but to un-nerve the markets once again. To weed out all the noise I just wanted to show you the weekly chart of the S&P500 and what you will see is a gradual climb out. Technically speaking it appears that…
Weekly update November 5, 2011
Drama and the news. This is where we stand today and because of that it is basically a wait and see what the market actually does before we can commit to the downside or upside. This in itself is a problem for me because I like to tune out that crap and try to follow…
October’s Number were awesome.
Today or yesterday, depending on when you read this, ended one of the best monthly moves on the market ever. If you caught it all or some of it, well done because most missed it, including me. Not going to cry about it, but I would have liked to have banked a little bit of…
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