Thread: Whipsaw's Account Talk

Originally Posted by Whipsaw

Jumped a day early, maybe...

Don't feel bad I jumped last Thursday. All the pain and no gain. I need to just hang in with more guts. 2 IFTs is a good way to get myself in trouble.

Any ideas on a good constant mix of % G C and S for a retiree?

Out too early but regained earlier losses to get back to 12% on the year. Looking for a new reentry point

Originally Posted by pmaloney

Don't feel bad I jumped last Thursday. All the pain and no gain. I need to just hang in with more guts. 2 IFTs is a good way to get myself in trouble.

Any ideas on a good constant mix of % G C and S for a retiree?

No idea on a buy and hold mix... a gent told me last night if there are 20 or so years to go, throw the money in stocks and don't look back; I can't buy it seeing various trends (there is something to that though, right BT?). Check out Tsunami's last post...

Hi everyone, have been out of pocket on reserve duty... work keeps getting in the way of watching the markets (one reason I bailed, not sure I could keep an eye on the goings on). I'm liking Tsunami's post, will the next wave down coincide with the inverted right shoulder Tom pointed out? Will we see a dip in Nov before a Santa rally? Hmmmmm....

Cooling my heels on the lilly pad, wondering if the congress can pry the economy loose going forward...

Futures no looka so good... heading down for the right shoulder on the inverted H/S pattern? Maybe due to the great carbon emissions deal we just made... ?

Looks like the consensus is that the market is getting ready to go down either due to the h&s or an overbought condition. I have to agree that the charts indicate that but with that said, I've made progress countless times over the years by going contrarian( sure birch might agree). I've also taken some downhill rides as well.

Originally Posted by Robo5555

Looks like the consensus is that the market is getting ready to go down either due to the h&s or an overbought condition. I have to agree that the charts indicate that but with that said, I've made progress countless times over the years by going contrarian( sure birch might agree). I've also taken some downhill rides as well.

Actually, 41 of the top 50 are in Stocks, and only one is in Bonds. The other 8 are in G. If I was going to bet with the winners, I'd stay in! Contrarian, I'd get out.

I agree much of the discussion is leaning towards a dip, but the tracker actions show more people getting in or staying in than getting out.

When analysis shows one direction, and the majority of the people are doing the opposite, that's a good time to think contrarian and go against the majority. The majority can panic and turn, and run you into the ground if you're not out ahead already. However, the past two years have shown that the market is essentially a one way road up, and the downturns have been relatively short and minor, and quickly reversed. Thus the complacency of the majority has been well placed. Only if there is a real reversal in the market will there be a panic and stampede. The fact that the C fund is in the top 3% of the tracker says that buy and hold would be one of the better strategies for this year, and 97% of the strategies out there have been poorer.

How's that for arguing both sides and getting nowhere?

Wishing everyone on the Board a Happy Thanksgiving!

I've been out of pocket of late taking care of family and reserve duty. Trying to get my head back in the game, cooling my heals in G till I can get a handle on direction; pretty sure its up (props to BT), possible dip after T-Day to buy in for the Santa Rally

Originally Posted by Whipsaw

Wishing everyone on the Board a Happy Thanksgiving!

I've been out of pocket of late taking care of family and reserve duty. Trying to get my head back in the game, cooling my heals in G till I can get a handle on direction; pretty sure its up (props to BT), possible dip after T-Day to buy in for the Santa Rally

Hi Whipsaw, I tend to agree..a dip next week as the Bolinger bands are consolidating. Just not sure how low that dip will be. Might be short lived and small. I'll wait to see direction before leaping. Wishing you and everyone a Happy Thanksgiving!!

My patience is paying off, I've been told I'm quite impatient. Now if I can only figure out the timing piece... jumped out too soon on the last run up, but didn't buy back in high. I'm actually in alignment with the burros-ark, and JTH, and Bquat, TspIntel... Now looking for a good entry point!