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  1. ballnoutacontrol
    10-01-2009 01:10 AM
    ballnoutacontrol
    Nevermind, I see tractor is back on the tracker.
  2. coolhand
    10-01-2009 01:04 AM
    coolhand
    Risk is relative and based on each persons perceptions of the indicators they are looking at. You are correct in that they are up so far they may be willing to take more risk, and that they tend to make fewer IFTs. But we don't have many IFTs to begin with, so deploying a longer term strategy is an attractive option.

    The top 25% is a fairly large sample, which equates to the top 47 members. I am only looking for trends in their collective trading strategy. If I see cash positions begin to rise then I know bearishness is beginning to seep in. The opposite would be true for stock levels. So it's only a gauge and not something I necessarily hang my hat on. I need much more time to get a better feel for how accurate this method will be in the long run and how it can be used.

    Tractor is still in the top 25%. I just checked.
  3. ballnoutacontrol
    10-01-2009 12:48 AM
    ballnoutacontrol
    Coolhand, I have been wondering about the top 25%. I think they are taking quite a bit of risk by staying in the market and I think the reason might be because they are so far into the positive that they aren't worried about losing a few%. Personally I think it will take a pretty sound move down to get the top 25 to budge.

    Also some of the top 25% don't seem to be actually trading(very few IFT's) Maybe the top 25% that you are tracking should be hand chosen in an attempt to be more accurate.

    Do you know where tractor went? I noticed he wasn't on the tracker anymore. Was it because his account was inactive so he got pulled?

    THanks, Ball'n

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  • About coolhand
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Posted Yesterday at 05:53 PM by coolhand Comments 1
Posted in Uncategorized
I wish I could have posted this earlier, but I was focused on other things. It's just an update of how our Top 25% were positioned for this mornings trading. Here's the charts:

Attachment 454
Attachment 455

I just want to point out that we had a moderate shift in the cash to stock ratio (for this group anyway). Cash levels are now over 20%, which is approximately equal to the most cash held by this group since mid-August.

It's just...

Posted Yesterday at 12:26 AM by coolhand Comments 2
Posted in Uncategorized
Well, I said yesterday the Seven Sentinels were looking toppy, and today we got some selling pressure. It's still OPEX, and it's only one trading day, but if the market holds true to its recent form, we're probably in for some more downside action. The Seven Sentinels issued a sell signal today, so my front-running of a potential sell signal yesterday paid some dividends. But now I'm stuck on the sidelines till the 1st of December, and it's possible we reverse before then.

Still,...

Posted 11-19-2009 at 02:02 AM by coolhand Comments 1
Posted in Uncategorized
Yes, we didn't fall off a cliff today. Yes, it was a bullish close of sorts. No, that doesn't mean we can't drop lower. Right now an argument can be made that the charts are beginning to roll over. Or we could be consolidating.

But this week is OPEX, which generally means more market manipulation than usual as the big players "set the table" for the following month of Options trading. For this reason, one should never read too much into the action during OPEX.

In any...

Posted 11-18-2009 at 12:20 AM by coolhand Comments 0
Posted in Uncategorized
Aside from dollar strength being a drag on the I fund, the indicies held their ground fairly well today given yesterday's broad-based rally. We could see more selling kick in at this point, which would be consistent with what this market has been doing in its slow grind upward to higher prices. I suppose some profit taking now could be justified, but we are still two weeks from December, which is a lot of time to be out of the market. After making a new high yesterday, the S&P may not be done on...

Posted 11-17-2009 at 12:49 AM by coolhand Comments 3
Posted in Uncategorized
Broad-based buying due in part to a weaker dollar pushed the major indices to new highs for 2009. In fact, the S&P 500 settled above the 1100 mark for the first time in more than one year. We jumped the creek today, so-to-speak.

I said the charts were iffy Friday, but that we were at a point in the charts that seemed to suggest a sell-off was coming. Markets do not generally sell-off when traders get leaning too far in one direction and today we saw evidence of that. The latest bloggerpoll...
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Posted Yesterday at 06:15 PM by tsptalk tsptalk is online now
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CH,
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Posted Yesterday at 01:02 PM by coolhand coolhand is online now
CH,

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CH,

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Posted 11-19-2009 at 12:43 PM by CountryBoy CountryBoy is offline
+1 on the great work...
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