Thread: Whipsaw's Account Talk

"Could" is the important word. It also could peak out here in the 1970s and head down hard into next week to new lows. I've already put in my IFT to move to 100% G today, but still "could" cancel it if there's another strong move up to 1980 in the next hour....but for the moment a stat posted by a tech guru yesterday has me leaning to the cautious side...that on Tuesday the TRIN closed at > 4.8, and then the next day the market was up...and in the past 5 times that's ever happened then 100% of those times, 5 out of 5, the market then plummeted and closed below the previous recent low (in this case 1903) within a week. So that argues for a peak today then a sharp fall into next week. Hmm. In the mean time jobs reports Friday's are usually bullish, arguing for the continuing of this rally into the 2030's... I'm close to retirement eligibility (next June), so that plays into my conservative decision to bail out today...but it looks like there could be a great buying opportunity coming up in a week or so for those still with IFT's. Who knows, I sure don't. I suppose 1993 (the last peak) is the key level here.

In more important news, when the heck is that Pac-12 Network and AT&T/DirecTV deal going to be announced? I want to watch my alma mater get clobbered ever Saturday this year! Go Cougs!!

Originally Posted by Tsunami

"Could" is the important word. It also could peak out here in the 1970s and head down hard into next week to new lows. I've already put in my IFT to move to 100% G today, but still "could" cancel it if there's another strong move up to 1980 in the next hour....but for the moment a stat posted by a tech guru yesterday has me leaning to the cautious side...that on Tuesday the TRIN closed at > 4.8, and then the next day the market was up...and in the past 5 times that's ever happened then 100% of those times, 5 out of 5, the market then plummeted and closed below the previous recent low (in this case 1903) within a week. So that argues for a peak today then a sharp fall into next week. Hmm. In the mean time jobs reports Friday's are usually bullish, arguing for the continuing of this rally into the 2030's... I'm close to retirement eligibility (next June), so that plays into my conservative decision to bail out today...but it looks like there could be a great buying opportunity coming up in a week or so for those still with IFT's. Who knows, I sure don't. I suppose 1993 (the last peak) is the key level here.

In more important news, when the heck is that Pac-12 Network and AT&T/DirecTV deal going to be announced? I want to watch my alma mater get clobbered ever Saturday this year! Go Cougs!!

Tsunami! Thanks! I put in 30% at ~ 1980 last week expecting lower prices, my plan was to let it ride and increase my position if/when it goes down. Looks like we have hit some resistance at SPX 1975.

Originally Posted by Whipsaw

Tsunami! Thanks! I put in 30% at ~ 1980 last week expecting lower prices, my plan was to let it ride and increase my position if/when it goes down. Looks like we have hit some resistance at SPX 1975.

You're welcome. I need to be careful to stop posting as if I know what I'm talking about LOL. I'm playing it safe and going to G today, hoping today's gains hold into the close.

Originally Posted by Tsunami

"Could" is the important word. It also could peak out here in the 1970s and head down hard into next week to new lows. I've already put in my IFT to move to 100% G today, but still "could" cancel it if there's another strong move up to 1980 in the next hour....but for the moment a stat posted by a tech guru yesterday has me leaning to the cautious side...that on Tuesday the TRIN closed at > 4.8, and then the next day the market was up...and in the past 5 times that's ever happened then 100% of those times, 5 out of 5, the market then plummeted and closed below the previous recent low (in this case 1903) within a week. So that argues for a peak today then a sharp fall into next week. Hmm. In the mean time jobs reports Friday's are usually bullish, arguing for the continuing of this rally into the 2030's... I'm close to retirement eligibility (next June), so that plays into my conservative decision to bail out today...but it looks like there could be a great buying opportunity coming up in a week or so for those still with IFT's. Who knows, I sure don't. I suppose 1993 (the last peak) is the key level here.

In more important news, when the heck is that Pac-12 Network and AT&T/DirecTV deal going to be announced? I want to watch my alma mater get clobbered ever Saturday this year! Go Cougs!!

The fear is strong - I could hardly believe my ears when they started talking about "blood moons" & shemitah at our church last week. I don't take much stock in that stuff, every couple of years the "end of the world is nigh" but that along with the global market uncertainity is going to assure us this - some wild rides of volatility

the trick will be catching the waves UP and bailing before the "wipe-out"! Kowabunga!

Futures are down ahead of the jobs report... maybe another buying opportunity? Post holiday seasonality is up, potentially a spot to take profits. Going that rout would put me out of IFTs mid-month, if I can get a couple percentage points it may be worth it.

That is exactly what I am thinking. A quick IN and OUT...

Originally Posted by Whipsaw

Futures are down ahead of the jobs report... maybe another buying opportunity? Post holiday seasonality is up, potentially a spot to take profits. Going that rout would put me out of IFTs mid-month, if I can get a couple percentage points it may be worth it.

I have an opportunity to jump out today and make a small gain on my buy in last month. That is assuming we go back and test the lows. 1 IFT left if I make this move.

Originally Posted by Whipsaw

I have an opportunity to jump out today and make a small gain on my buy in last month. That is assuming we go back and test the lows. 1 IFT left if I make this move.

Assuming the market doesn't sell off at 12:01, I will have made a few denaro on this on... setting up for a test of the lows.

100% G COB

Don look now but the S&P kicking out the jams. I guess Three was a charm.

Well, at least I'm posative for the trade... when do we test the lows?

Originally Posted by Whipsaw

Well, at least I'm posative for the trade... when do we test the lows?

well, it looks like you picked a fine time to leave us lucille. another good trade, climbing up the ladder rung by rung, nice.