Thread: MrJohnRoss' Account Talk

Hmmmm... looks like we may have a bearish shooting star on the S&P today.

Originally Posted by MrJohnRoss

Hmmmm... looks like we may have a bearish shooting star on the S&P today.

Just when I was wanted to goat your TZA bearish outlook, demand stepped in strong, but then appears to get stripped by supply, it certainly looks like an exhaustion-style reversal could take place. Or perhaps it's time for our old friend Mr. Volatility to rear it's awesome head!

Okay all you C & S Fund holders, that was a nice pop across my jaw, as I slipped down a couple of notches on the AT. Still hanging on to my F Fund into the coming week tho. I might have lost this week's battle, but the war is not over yet.

Anyone have the "Stock Traders Almanac"? I believe the week of Thanksgiving is usually a slow week for traders, with light volume, so there might not be much fanfare or fireworks.

It appears to me that the S&P had a shooting star formation, and the Nasdaq a hanging man formation, both bearish topping patterns. Are these formations infallible? Of course not, but they do tell a tale of how traders behaved. Quite possibly the big traders performed a bit of the ol' "pump and dump".

I have to chuckle when I hear the talking heads proclaiming "the Dow closed at another record high"! We all know that's only half the story.

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Just curious but why are you in the F? It has been good in the C & S and I'm hoping for an interesting gay up tomorrow followed by an good wee, and then out for a look out below beginning of December and if that happens I'll load up double at the end of December for the Santa Claus Rally! I guess you are thinking otherwise?

Originally Posted by pmaloney

Just curious but why are you in the F? It has been good in the C & S and I'm hoping for an interesting gay up tomorrow followed by an good wee, and then out for a look out below beginning of December and if that happens I'll load up double at the end of December for the Santa Claus Rally! I guess you are thinking otherwise?

I mainly use technical analysis to base my IFT decisions, like the PPO, RSI, Stoch, MOSI, etc. You can look at some of the charts I've posted in the last few days to see what I'm seeing.

Based on my analysis, we're in an overbought condition that is ripe for a pullback. A 3-5% pullback would be just swell in my eyes, and allow me to swoop back in to pick up some bargains.

Thanks, I have a lot to learn and I appreciate your posts.

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More egg on my face today, as I slip down another notch on the AT. Historically, the Wed and Fri surrounding Thanksgiving have been very strong, so I may have to endure even more extreme upside price action.

Ah, but when that rubber band gets stretched too far...

*SNAP!* Ouch!

Originally Posted by MrJohnRoss

More egg on my face today, as I slip down another notch on the AT. Historically, the Wed and Fri surrounding Thanksgiving have been very strong, so I may have to endure even more extreme upside price action.

Ah, but when that rubber band gets stretched too far...

*SNAP!* Ouch!

Ahh man how horrible for you, 6th place is 5th place loser

You can afford a good ribbing, eat the pain, yummy yummy...

Took another loss today in UNG, I'm trying to close out some of these dud positons I took over the year, a -15% hit, at least the position wasn't big. Already read the 2015 traders almanac and getting the plan in place, next year I'll be taking more positions over fewer stocks, will probably just play a handful of ETFs next year. Adding to this, it will be more important to trade smart, I won't be putting a dime in the ROTH next year, every spare cent I have will go into paying down dept. I want to be debt free before I hit 20 years in the military, that gives me under 3 years to get this done.

Keep chiming in, I enjoy eating the crow you've been serving...

Originally Posted by JTH

Ahh man how horrible for you, 6th place is 5th place loser

You can afford a good ribbing, eat the pain, yummy yummy...

Took another loss today in UNG, I'm trying to close out some of these dud positons I took over the year, a -15% hit, at least the position wasn't big. Already read the 2015 traders almanac and getting the plan in place, next year I'll be taking more positions over fewer stocks, will probably just play a handful of ETFs next year. Adding to this, it will be more important to trade smart, I won't be putting a dime in the ROTH next year, every spare cent I have will go into paying down dept. I want to be debt free before I hit 20 years in the military, that gives me under 3 years to get this done.

Keep chiming in, I enjoy eating the crow you've been serving...

Don't you have a frozen pole to stick your tongue on or something?

Haha. jk.

Like you, I'm already thinking about next year, and how I plan to improve my investment results. How do you like the traders almanac?

I got a few too many stocks in my accounts that are laggards as well. Trying to decide if they're in a big basing pattern or just plain o' duds. Doing much better in the TSP than in my other accounts, so I may simplify and use a few ETF's as well. Much easier to keep track of, but will have to time them just right to get the kind of returns I'm hoping for.