Thread: Whipsaw's Account Talk

This is still "white water trading" in my book. To summarize Burro yesterday: If you want to get in...Jump in Thursday.... and pray for a miracle over the weekend...

FS

Markets no looka so good... I'm with FS and Burro, waiting out the storm. Looked tempting yesterday... DBA mentioned taking a longer term strategy, yes, that has worked for me. Looking for some direction, appears to be continuing down at the moment. Wondering if we will see the rest of Fobinacci Queen S&P 2067 failure that FWM posted.

Originally Posted by Whipsaw

Markets no looka so good... I'm with FS and Burro, waiting out the storm. Looked tempting yesterday... DBA mentioned taking a longer term strategy, yes, that has worked for me. Looking for some direction, appears to be continuing down at the moment. Wondering if we will see the rest of Fobinacci Queen S&P 2067 failure that FWM posted.

OMG...Let's hope not!! Will see.... only time will tell. I debated exiting but I am staying in. I guess I will hold my breath. I am in 60% right now so if things go South I either increase exposure when I think it has seen a bottom to hopefully cut the loss on the upswing. Do not like this short term play. But it is what it is. Best wishes on investments to all !!!!!!!!

Right now: (C and S fund have Slow Stochastic turning up on 5 minute chart ...so maybe ..just maybe.. it pulls up)

C Fund - SPX is down .13% (opened at 2078.03 and now at 2074.72) <<---above the 2067!!
S Fund - DWCPF is down .40% (opened at 1109.63 and now at 1103.68)
I Fund - EFA is up .16% (opened at 64.08 and now at 64.005)

Originally Posted by Whipsaw

Charts saying not so much...

Charts hard to use when things are geopolitical.
I'm with you guys...gonna coast for awhile (my choice was -F-) until Greece and Europe figure things out.
Thats not likely to be a 1 week thing, even if Greek voters vote "yes"...and if its a "No" vote on Sunday, then its "hoppa" as the Greeks say, to the downside.

CNBC: "Correction Gains Momentum" Concerns over global growth, Greece contagion, oil glut, China stockmarket syndrome... Not a good time to be in equities methinks. We should see cheaper gas in the near future! Impressive fake-out this morning... I was logged in to the TSP site at 1150 this morning pondering a move based on a Greece deal offer report and decided to hold off. -.-

http://www.cnbc.com/id/102811691

Good Luck Finding a Place to Hide as Global Markets Crumble - Bloomberg Business

Lots of folks jumping in with good rationale and analysis, another down day likely; no move today for me. S&P is below 2067, if it does not climb back above, will the Fobinacci Queen prediction come to fruition? (See FWM thread Cramer vid)

China's market has dropped 30% since mid June [side note, China markets took an 6% hit yesterday, no mention of that on the FoxBusiness site last night]. Transports are down over 8% since mid April, I fund down ~7% since mid-May. S-Fund off by less than 2% since Mid-Jun when I jumped out. F-Fund is climbing, maybe the inverse relationship to stocks is returning. Still don't trust it though. This to me points to more downside; check out FWMs thread... thoughts?

Good morning America....and you too WS. I was going to jump into the F Fund and have held off. I think I'll continue to do that until next Monday when Puerto Rico meets with creditor CITI and others. The news will be impactful to the F Fund. I'd go in F now but it would be a quick in and out and that wastes my IFTs. Besides if there's going to be a big day for F, my guess is that it will be today. Best of Luck to all in your investing.

FS

Was watching the sell off yesterday and doing a little math and figured I'd move up a few slots on the tracker. #3! Holy crap! Going to enjoy it today, if the market follows through with the futures SignStealer will likely bump me out of the #3 spot today. Now, of course, the big question is when to jump back in. Maybe a 50% position, and then the rest when we bottom or continue heading up? Is today a DCB or short relief rally? What will happen with Greece? Is China headed back up? So many questions...

Hi WS. My guess is that this is a short relief rally. I drew some charts last night based on a 30 year S&P and a 1 year S&P (didn't draw all the lines, just the ones that appeared most intuitive) to see if there was anything I could sense about an upcoming or long term trend. That resulted in a symmetrical triangle for the short term and a descending triangle for the longer term. I'm not the world's best charter but I've decided to sit awhile and see where things go. That may not be the smart short term play but I don't want to be influenced too heavily by greed. My best to you and all the TSPers.

FS