Thread: Enjoy the rally while it lasts

Long rallys are great....

Look for the party to be over after the lemmings fund their IRAs the first of the year.

MarketTimer wrote:

Long rallys are great....

Look for the party to be over after the lemmings fund their IRAs the first of the year.

So, are you saying it's a bad idea to fund IRAs the first of the year?

If so, why?

Currently, we're funding our's monthly.

IYO, when's the best time to fund an IRA?

Thanx!:^

MarketTimer wrote:

Long rallys are great....

Look for the party to be over after the lemmings fund their IRAs the first of the year.

MarketTimer
Member


Joined:
Wed Aug 25th, 2004

Location:
Posts:
342

Mana:

Posted: Wed Oct 13th, 2004 02:11 pm

Pete,

No worries! I follow a lot of stuff and at times can not get on here for awhile. I have been doing shorts and need to concentrate on that because I have 20-50 going at a time.

I have been in G fund since 6 Oct. The market is starting to crater...which makes the short side the place to make money.

Be where of all the good news that you hear from the bubble heads...GDP is now under inflation...PEs do not reflect $50 plus oil.

Good luck!.

I do not have time to give analysis right now... but all I can say is lower highs and lower lows...I sound like a broken record but it is easy to see when to buy and when to sell . MT

Have a great day! I will put more comments over the weekend.

How those shorts work for ya MT, you posted this comment two days before the market started to come up to where it is now...........This is about your last comment before your recent return. You now say that the market will be up until until the end of Jan.? Hmmm, may have to stay out awhile.........:P

Aw com'on now mlk. We've all made bad calls (especially me) and we can change our minds.It's the bigger man (or woman) who can admit it. I'm not sure we'll get an admissionthough. Ego is the largest obstacle of market timers (as well as most endeavorsin life).

Let'slook forward. You're F fund today, correct? So you must be thinking pullback also.Do you have a time frame? I'm thinking the 14th or 15th. The Fed meets and announces the interest rate decision on the 13th.

T

tsptalk wrote:

So you must be thinking pullback also.Do you have a time frame? I'm thinking the 14th or 15th. The Fed meets and announces the interest rate decision on the 13th.

Let's not lose sight of how the market reacted during the last rate hike- VERY positively, especially the 2 days that followed.

Of course, it all boils down to Greenspan's comments.

God Bless:^

tsptalk wrote:

Aw com'on now mlk. We've all made bad calls (especially me) and we can change our minds.It's the bigger man (or woman) who can admit it. I'm not sure we'll get an admissionthough. Ego is the largest obstacle of market timers (as well as most endeavorsin life).

Let'slook forward. You're F fund today, correct? So you must be thinking pullback also.Do you have a time frame? I'm thinking the 14th or 15th. The Fed meets and announces the interest rate decision on the 13th.

T

That's why you need a system Tom..........:PYep F fund today, purely speculative though, if I was concerned about losing money, I'd be G. Just following the system, it doesn't predict the future, just the present. We may actually stay up, who knows. The main reason it's telling me to get out is because we had a big up day on the 1st, and it hasn't done much since. This also happened when we jumped from $14 to $14.11 in the S fund. That is why I was jumping in and out everday, and earned a little extra. While backtesting my system I noticed that you shouldn't jump in and out for more than 3-4 days.............If we are up, I don't see it being much.....could be wrong.......

Yes I've been wrong also, I don't act like I never lose money though.........:^

Also, I think it's important for new folks to know that one doesn't have all the answers although they act like they do and seem to be pretty knowledgeable. Remember, "all analysts suck"...........read that in a book...........:^

mlk_man ,look like F fund will have some pennies today...:^

mlk_man wrote:

That's why you need a system Tom..........:P

I know. It takes the quesswork out of it. That's what I like about them.

tsptalk wrote:

Let'slook forward. You're F fund today, correct? So you must be thinking pullback also.Do you have a time frame? I'm thinking the 14th or 15th. The Fed meets and announces the interest rate decision on the 13th.

T

Tom, I just read somewhere today that the Fed has not raised interest rates in Dec. since 1988. Did you know this? Something about holiday shopping and wanting to keep money available or somtehing.......

M_M

No, I never heard that. Interesting and good to know.

Thanks!