Added remaining 50% long in my 401k today. I will keep a tighter stop on that if this fails and takes
out the recent lows.
Still looking for a NYMO breakout and 2500 SPX target. Looks done on an hourly basis for now.
Posted 03 February 2017 - 06:46 PM
Added remaining 50% long in my 401k today. I will keep a tighter stop on that if this fails and takes
out the recent lows.
Still looking for a NYMO breakout and 2500 SPX target. Looks done on an hourly basis for now.
Posted 03 February 2017 - 06:55 PM
You may be a wee bit early on this one.
Which then asks the question...if the NYMO hasn't broken out, why did you add to your position??
Wouldn't it been better to wait for that confirmation?
Fib
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Posted 03 February 2017 - 07:09 PM
Could be better to wait, I just don't want to have to chase a 50 point up day.
Posted 03 February 2017 - 11:36 PM
Cycles should be low in three weeks, this is surreal like it could be an inversion, cycles are pretty bad coming up.
I am letting 401k contrib go to cash. Need to add some VXX hedge next week. 401k has a short hedge fund
that is the capital to switch long if it drops.
Not really selling stocks hope the gold works as a hedge.
I lost a little ground because I wasnt very long on election day, my 401k return is same as Dow from 1/1/14.
"marxism-lennonism-communism always fails and never worked, because I know
some of them, and they don't work" M.Jordan
Posted 04 February 2017 - 08:49 AM
just my casual look at ewave for DOW, the cycle low I see is most likely a
wave 4 of 3 if it goes higher first next week then drops in the next week usually right after options
if a drop of that nature is scheduled it can hit directly after Feb 17 options.
The nature of the RUT daily cycles for the drop coming up at end of month to early Mar is probably
a V bottom. Wave 4 can be sharp down too in alternation with the flat wave 2 and would fit how the cycle looks.
Just too many stock charts are bullish for much more than a correction at end of month and probably up first
next week and too early in the ewave for much more than a correction.
Edited by AChartist, 04 February 2017 - 08:52 AM.
"marxism-lennonism-communism always fails and never worked, because I know
some of them, and they don't work" M.Jordan