Market Set For A Dive?

wiscoaster

wiscoaster

Well-known member
No, I'm still short of bear territory by one percent. Remember, I'm going by my liquid net worth, not market index. I've always done better than the market. And if current housing bubble home market value is added in it's not even that bad. There's more still that needs to come. Today was not a climactic event in the sense of the traditional market "crash". Nobody's jumping out of windows yet, though they may have the sash up. It'll be interesting to see how it rolls around the globe and comes back to kick us in the ass tomorrow morning. I don't think Flag Day is a market holiday, is it? I'd be more worried if it was ....

Too late to sell but too early to buy. Though I'm looking at possibles.
 
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wiscoaster

wiscoaster

Well-known member
OK, officially Bear Market from personal NAV POV ... but, not climactic feel to it yet, so probably more to go. And I was indoctrinated in 1987, so "been there, done that" multiple times, and it's not a "crash" yet. Maybe tomorrow. It is an interesting point to note that Monday is a market and bank holiday, so if something is going to happen, tomorrow and this weekend is going to be a very wide window of high-probability vulnerability.
 
wiscoaster

wiscoaster

Well-known member
It's time to start looking for bargains. Providing you're long term (ie don't need the money for 10 years or more).
 
theotherwaldo

theotherwaldo

Well-known member
I've considered dabbling in stocks.
The problem is, I've got relatives that would kill me for what I've got in my pockets, much less what they could get if I did well in the stock market.
A couple of these wonderful family members specialize in putting their wealthy elders in rest homes and then disposing of all of their elder's possessions.
Another, a coroner, had a large collection of gold teeth that he kept in a baby's coffin until he'd gathered enough to sell.
I've even had one of my sisters put a contract out on me with her musician buddies.
Then, when I ducked out to another state, she sold or disposed of everything that I had to leave behind.
I've lost track of her over the years, but if she's still alive and thought that I had anything of value that she could get... .
 
wiscoaster

wiscoaster

Well-known member
Well, "dabbling" is a sure-fire presciption for getting fleeced. A well-executed plan with sound fundamentals and persistent discipline over a long period of time works. As you've witnessed done by those who had no compunctions about method. Capitalism is what works for the honest and ethical majority, providing they stick with the discipline and the persistence.
 
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LiveLife

LiveLife

Well-known member
theotherwaldo said:
And here comes the dive
Click to expand...
Not quite yet.

DJIA technical chart 50 and 200 day moving averages (MA) are still rising with 50 MA rising ABOVE 200 MA (Bullish signal) - https://stockcharts.com/h-sc/ui

Dow dropped/tested and formed support at 37,500 in May, 38,000 in June and 38,500 in August forming rising support line (Bullish signal) with RSI oscillating around 30 to 70+, matching price movements.

Until 50 MA dips below 200 MA, I don't think we will see bearish signal.
 
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LiveLife

LiveLife

Well-known member
DJIA ($INDU) drops over 600 points.

Faster 5/30 MA overlay technical chart shows RSI falling not quite off 70 but MACD line falling toward reference line with falling of histogram towards 0 (Bearish indicators) - https://stockcharts.com/h-sc/ui

If 5 MA falls below 30 MA, will see if previous support of 38,500 is tested and jump back into Large Cap Index fund as RSI rebounds off 30.
 
LiveLife

LiveLife

Well-known member
LiveLife said:
DJIA ($INDU) drops over 600 points.

If 5 MA falls below 30 MA, will see if previous support of 38,500 is tested and jump back into Large Cap Index fund as RSI rebounds off 30.
Click to expand...
DJIA ($INDU) drops 219 points.

5 MA is falling towards 50 MA, RSI falling towards 50 with MACD crossing below reference line and histogram in the negative (Bearish signal with short trigger if holding stocks) - https://stockcharts.com/h-sc/ui
 
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