Thread: FireWeatherMet Account Talk

Originally Posted by weatherweenie

He probably doesn't want the competition buying on the cheap.

WxW
Thought you were in the F fund, but your daily return hints "G".
You must be on "Premium" list where they don't show recent IFT's.

Originally Posted by FireWeatherMet

This chart analysis on Mad Money from 3 weeks ago, from the Fibonacci Queen seems to have nailed it so far...worth seeing and heeding what her charts say in the end.

One thing the video showed was that if we can't hold at 2067 on the S&P...then look out below!
Its holding barely, for now...but...

Attachment 34273

Originally Posted by jonfresno

Good one..

While I agree with many of his points he laid out, it's still hard for me to take Jim seriously after the firm he said was fine went belly up within a couple days of that pronouncement.

You know we have DOOM and CRAP on our boards. Wonder what DOOJ (Do the opposite of Jim) returns would look like?

Jimbo says sell, DOOJ signal - buy-buy-b-b-b-buy!!!

Well, everyone has misses in this business. Vast majority of traders had Bear Stearns and Lehman as "buys" just a few weeks before they went belly up.
But its his guests, namely the chart pro's who I pay attention to a lot, and I think he is expanding on their work, plus adding his know how of how this geopolitical stuff plays out...its never just a i day drop and back to the races, it would be very naive for anyone to think that, IMHO.

Looking at indices falling off right now proves the point. After Greece officially misses payment today, watch out below with tomorrow market, unless something unforeseen happens.

Originally Posted by FireWeatherMet

WxW
Thought you were in the F fund, but your daily return hints "G".
You must be on "Premium" list where they don't show recent IFT's.

I am 100% in the G fund.

Originally Posted by FireWeatherMet

After Greece officially misses payment today, watch out below with tomorrow market, unless something unforeseen happens.

For your F fund move I'm assuming that was your play. Good Luck.

June Monthly Wrap Up

Overall for June, my account finished up at +0.72%

The other funds for June: C fund -1.93%.....S fund -0.71%.....I fund -2.80%.....F fund -1.07%

So I finally beat ALL of the funds for the month...including the G fund...while also finishing positive in a month when the other funds (even the F) had significant losses.

On the Monthly tracker I finished #227 (out of 1437) for June...about the top 15% across the entire Tracker

The more important score...for the year...I was up +6.98%. That was #62 on the Tracker (out of 1072 non-premium folks that I can "see"). That's in at about the top 6% of the Tracker.
Was #102 for the YTD last month so I'm still "movin on up".
The other funds for the year: C fund +1.26%.....S fund +4.96%.....I fund +6.52%.....F fund +0.05%

So I am now FINALLY where I want to be. Ahead of ALL the funds for the year.
However, that was temporary, as a down day in the F and up day in the -I- for July 1st set me back a bit behind the I Fund once again.

So my system works...but I am currently out of sync with it (being out of stocks while they are starting to rise back).
My system actually calls for me to jump back into stocks ASAP to preserve lead on them.
However, I will wait a bit till after the weekend, as I saw a poll that had the Greek "No to Austerity" vote slightly ahead of "Yes accept Euro deal".
Volatility is still high and volatility means things can snap back the other way in a hurry.

Good luck to all.

Well, so much for Greece's "Plan B"

We can't print drachmas, says Greece's finance minister

Athens (AFP) - With speculation swirling that Greece might be forced out of the euro and have to print its own money after a weekend referendum, its finance minister on Thursday said the country no longer had the presses to make drachmas.

More here:
We can't print drachmas, says Greece's finance minister - Yahoo News

Looks as if you have it all figured out SLICK. Where should we put our money now, he who knows all?

Originally Posted by FireWeatherMet

This chart analysis on Mad Money from 3 weeks ago, from the Fibonacci Queen seems to have nailed it so far...worth seeing and heeding what her charts say in the end.

One thing the video showed was that we needed to break to upside of 2137 for rally to continue...BUT...if we can't hold at 2067 on the S&P...then look out below!
Its holding barely, for now...but...

Cramer.jpg

Originally Posted by FireWeatherMet

Thinking of buying today on any positive action?
Cramer says don't be the "dumb money".

Cramer: Danger alert-don't buy on the market dip - Yahoo Finance

Just purely prophetic from a few weeks ago. Now we're teetering on the edge with the following plague of locusts (below)

- Uncharted possibility of GREXIT and unknown issues of how it would affect other Euro members

- Shanghai Stocks in Bear Market Super Correction underway

- Hong Kong and European stocks in freefall

- Dow Transports (leading indicator) in correction territory for months.

How long, in this interconnected global economy, did anybody here think US stocks would remain insulated?

Did anyone here doubt Cramer's analysis a few weeks ago??

Originally Posted by FireWeatherMet

Just purely prophetic from a few weeks ago. Now we're teetering on the edge with the following plague of locusts (below)

- Uncharted possibility of GREXIT and unknown issues of how it would affect other Euro members

- Shanghai Stocks in Bear Market Super Correction underway

- Hong Kong and European stocks in freefall

- Dow Transports (leading indicator) in correction territory for months.

How long, in this interconnected global economy, did anybody here think US stocks would remain insulated?

Did anyone here doubt Cramer's analysis a few weeks ago??

FWM, I've been on the same page for a few weeks and have comments similar to yours yet to post. At this point, its difficult to say when the smoke will clear. It would be quite the accomplishment to pick a bottom though. I missed out on big gains after the housing bubble not recognizing the bottom being in. We closed above 2067 yesterday, I suspect we'll be well below that today...

My system is screaming at me to go back in equities right now.

Don't like the geopolitical fog right now though...thinking of waiting till this weekend Greece Save or GREXIT before going in.
F fund has been very good to me, and charts show it still has plenty of room to move upward.

Other choise would be to go 50% in (S) today and save the other 50% for when we actually do put in a clear bottom (that big 2% rise day in all markets).

We'll see, got 2 min to decide.

Originally Posted by Whipsaw

FWM, I've been on the same page for a few weeks and have comments similar to yours yet to post. At this point, its difficult to say when the smoke will clear. It would be quite the accomplishment to pick a bottom though. I missed out on big gains after the housing bubble not recognizing the bottom being in. We closed above 2067 yesterday, I suspect we'll be well below that today...

WPS,
Yes timing the bottom is always tricky. Timing tops is a little easier, and I was fortunate enough to get out near our recent high late last month so I really don't have to time the bottom...jumping in as soon as a bottom is confirmed is OK, that keeps me a few % above the rest of our funds.

But just simple "old school" charting of taking the 1st dip and applying that to the top of the dead cat bounce shows a target price of 2015. (below).

S&P.jpg

That price might sound crazy low to some, but as markets currently dropping we're only about 1.5% to 1.8% away from that.