Thread: BearTrap's Account Talk

The real reason why markets are soaring is due to the full blown currency war. Several smaller Euro and Asia/Pacific nations joined the party. Next big player to enter the war will be China. This bull market is going to keep on rolling..... Question is how hard are we going to fall once the central banks slow down the printing presses?

[QUOTE=BearTrap;406298]The real reason why markets are soaring is due to the full blown currency war. Several smaller Euro and Asia/Pacific nations joined the party. Next big player to enter the war will be China. This bull market is going to keep on rolling..... Question is how hard are we going to fall once the central banks slow down the printing presses?[/ QUOTE]I don't want to think about it.

My system is very close to a buy on S; however, very skeptical that yesterday was a bull trap. Unfortunately I'll have to sit out today to wait for the FOMC minutes to come in. I am guessing the typical knee jerk reaction after 2:00 eastern. I'm a bear on C and the I fund has lost its momentum. C and S are not far off from the yearly highs so we've seen a pretty minor correction. That said, any kind of reversal probably won't produce much of a return. Let's see what happens......

Here comes the knee jerk!

Originally Posted by BearTrap

Here comes the knee jerk!

chart looks like a waterfall

My system has just moved to a buy for C-S-I. The only issue is that each has a battle with overhead resistance right now on the charts. Will tomorrow (Wed.) be the typical turnaround Tuesday? I'll wait one more day for confirmation before I buy. I think there is still time for "1987" to play itself out this fall. Syria, Fed budget, the taper, jobs, etc all having big impacts this month. I'm looking for a quick in and out this month.

Made a move to C- and I-funds today. Looks like they are coming out of the oversold condition, VIX moving out of overbought condition and throw in all the talking heads calling for doom. I think there is a solid buy signal every time Mark Faber makes CNBC headlines. Not expecting much out of this trade due to the upcoming bombings in Syria. Looks like it is not a matter of if, but when. Maybe they can hold off until after the jobs report on Friday?

Got out of equities today. Big up day today can only mean a turnaround Tuesday tomorrow. Obama speaks tomorrow night. I just can't justify staying in when war drums are beating, gov't budget fiasco, taper talk, 3% on the 10 yr, and not to mention Uncle Ben's replacement. How would the markets react if Larry gets the job? It'll be an interesting couple of weeks. Time to snuggle under the warm blanket of the G fund.

"Can you hear me know?" Thank you Verizon for boosting the F fund today!

C-S-I have ugly chart patterns. Higher highs and lower lows. The charts displayed the same pattern in April and June which had higher highs, lower lows, got to form a double top and then continued on for an addition 5% or more gain. Can it go 3 for 3? I pulled my money early on the last two occurrences mainly b/c of seasonality and the breaking of records. I think I may have been wrong again. Sept. will probably remain pretty quiet. Expect the fed to do another generic release of info, the Syria can has been kicked, we'll most likely have a last minute budget deal that will spur a small rally, and the 10 yr will probably go sideways for a few weeks. My suggestion would be to stay in.

Buy, Buy, Buy! No one saw that one coming. Another round of subsidized markets. S&P 1800 here we come. Feel sorry for the shorts out there....