4 replies to this topic

[CLK]

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.

 

[fib_1618]

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

[CLK]

Could be better to wait, I just don't want to have to chase a 50 point up day.

[AChartist]

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.

[AChartist]

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.