Thread: MrJohnRoss' Account Talk

Going back in today, 100% S. For the life of me, I don't know why the market would want to go higher with all the turmoil going on in the world, and the Fed pulling the morphene needle out of the arm of the economy. You'll make yourself go crazy if you try to figure it out.

There is always the possibility that this is just a short term bounce, or even a "suckers rally", but I have to follow my indicators, so here we go...

Originally Posted by GUCHI

Hmmm looks like something to keep an eye on. I would love to avoid the drop obviously like everyone else, but the big question is when to bust da move. On another note how is the flip going? If I can find a good deal on a 3 bed 2 bath I may fix up n move into it while work is being done. I saw story on 60 minutes about China bubble and all their empty cities, did you see that?

Haven't watched TV in probably 6 months, except for a few minutes of news and weather now and then. Literally no time. I've heard of the Chinese ghost cities. Would love to see the 60 minute piece. I'll have to check it out on the web some day.

We suddenly got three offers on our house, and we're in escrow now on the most promising one, thank God. Our fixer upper is starting to come together instead of being torn down, so that's a positive. We'll be moving in around the first of Sept. Most likely, the remodel won't be completely done, but with our current house being sold, we have no choice. Gotta sleep somewhere, right?

Originally Posted by k0nkuzh0n

I didn't see the 60 minutes segment you are talking about, but I've been to Shanghi and its real. Literally ghost cities. Although these aren't abandoned cities... these are cities of brand new housing complexes. China doesn't have much of a middle class...yet.

It's cool that you've been to Shanghi and seen the ghost cities with your own eyes. As you know, we have ghost cities here in the U.S. too. Cities like Detroit comes to mind....

Market momentum appears to be slowing. My "gas pedal" indicator is still floored, but might be easing up as of the last two days. Tachometer is still rising, but the RSI looks to be leveling out, as if there are headwinds. A short term top may be in place, or at least nearby. Will be interesting to see how the markets behave on Monday.

I have a UGI due for a stock split but can't remember when. My TRN split back to 42 and is now at 47 - that's double money for my trouble.

Originally Posted by Birchtree

I have a UGI due for a stock split but can't remember when. My TRN split back to 42 and is now at 47 - that's double money for my trouble.

Oy! The sweat must be pouring off your brow. Ha!

You got any shares of ETE or ETP? I've been watching for a pullback on ETE, but it rarely happens. They just keep raking the cash in.

The S&P is still technically looking excellent, with all intermediate indicators pointing higher. Staying long the S Fund, and ignoring any minor daily pullbacks at this point.

On a side note, just looked at the AT, and was surprised to see a move into the top 50, especially with all the timing mistakes I've made this year. Glad to see I'm ahead of the S Fund, which shows that timing the markets has been better than buy-n-hold. Hope to keep hanging in there for the rest of the year and make a respectable showing against the indices.

I was happy to see myself back in the top 50 as well earlier in this run-up. I had a couple of bad months and had fallen all the way into the 300+ range. The only B&H way to be ahead of where we currently sit is if you've been 100% C Fund the entire year. We aren't far behind that fund either.

Escrow should close on our current house late next week. Our new house is nearly done with construction. The only major thing left to do is to put the kitchen back together, which will take about two weeks. New cabinets, appliances, silestone countertops, flooring, paint, etc. Starting to see light at the end of the tunnel, which is exciting, because it's been three months of construction at the new place.

Been packing up, getting ready for the move. Every day we deal with contractors at both houses, pack up at one place, unpack at another, work ourselves to the bone, then get up and do it all over again. Can't wait to have a weekend where we can actually kick back and relax, but I'm thinking that won't happen for at least a couple more months.

Haven't shown this graph in a while... The long term (1997-current) weekly S&P timing model continues to look favorable. As you may recall, it uses the 10 and 50 week EMA crossover as a timing signal, with a Stoch RSI as a confirmation. Paying attention to this model will keep you out of the major bear market downdrafts that killed many an investor.

Attachment 30118

Originally Posted by MrJohnRoss

Haven't shown this graph in a while... The long term (1997-current) weekly S&P timing model continues to look favorable. As you may recall, it uses the 10 and 50 week EMA crossover as a timing signal, with a Stoch RSI as a confirmation. Paying attention to this model will keep you out of the major bear market downdrafts that killed many an investor.

Attachment 30118

Invalid Attachment specified. If you followed a valid link, please notify the administrator.