Re: [TSP_Strategy] Death Cross

 

I've put some large money into the market in the last two trading sessions in hopes we get that bounce!


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On Thursday, December 6, 2018, 2:01 PM, Paul ur12bfriend@gmail.com [TSP_Strategy] <TSP_Strategy@yahoogroups.com> wrote:

 

Let's not scare people with the event that may not happen yet.

I think we may have a chance to see a "Death Cross" if the most people get enough fear and continue pulling out their funds from equity markets.  So typically, those market pundits may throw out these type of fears to scare average investors so that they can scoop the share of those weak hands when the bottoms are nearing.  I'm not saying that the market may not go down more.  However, if you look at the charts of SPX or DWCPF (Indexes that our C or S funds track), today's low seems to be a re-test of the previous lows (from Oct to Nov) and we now have almost quadruple bottoms near that area and bouncing back up strongly.  So the re-test seemed to be a success so far.  So those who are invested in equity market up to now, let's cross our fingers and wish for the Santa Clause Rally.  If this setup plays as a successful re-test of the near term bottom, then we do have a pretty good chance for the Rally to start tomorrow after the release of the employment data in the morning and maybe FED's helpful statement from next week's FOMC meeting.  So let's be positive and stay the course as Sarah suggests!

 

Paul

On Thu, Dec 6, 2018 at 9:22 AM timedtrade@gmail.com [TSP_Strategy] <TSP_Strategy@yahoogroups.com> wrote:

 

If today's action results in a Death Cross, should we move to G?

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Posted by: Shawn Magill <spmag8@yahoo.com>

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