Thread: Whipsaw's Account Talk

Originally Posted by burrocrat

futures on wednesday were +1.75%. what makes today different? what do you see? what makes this market today different than two days ago? what has fundamentally changed?

I think the rumor of some of the Arab nations saying that they are willing to work together to cut oil production. The market hears it, likes it and up we go. Unfortunately, they've said that before and nothing happened. As soon as the market realizes we are no closer to any type of cooperation, we will be heading back down.

With that said, I would certainly be playing this as a quick in and out. Like a leaf on the wind, we will soar today and gently float back to the ground...

Good luck to all...

Originally Posted by burrocrat

futures on wednesday were +1.75%. what makes today different? what do you see? what makes this market today different than two days ago? what has fundamentally changed?

rumours
Burro, today rhymes very close to the play RF and I made a week or so ago; prices down, yelling Yellen, of oil, very much the same. Get some and git!

Glad I'm not in on Monday. I think I have a case of the Bear Blues.

Attachment 37097

Do I care if there is a bull hammer on SPX Daily Chart.....Nope......Monday is a holiday for the US and the rest of the world will do what they will on Monday. China comes back from holiday and one must wonder what surprises they have in store. The oil rumors that resulted in a plus 12% day for oil could be erased because Da Boyz haven't got their act together. Gold boosted on the actions of one billionaire and the Yen is up against the dollar. I told myself yesterday that if I was in today and the market closed at 1845 or under I'd be out and would only stay if it is was 1880 or above. My guess for today was 1862 and it came in pretty close BUT not close enough for me to stay in for Monday. Are we at a temporary bottom...maybe....but the risk/reward ratio isn't worth it in this volatile market.

If there is more upside, I had set 1917 as the upper limit of this rally. I think that is still correct given today's action. However, I think the market will pullback on Tuesday and begin the slide to 1790. We are at the cliff of a large H&S pattern and the trend is down, not up.

Best of luck to all who decided to stay in.

FS

Originally Posted by sgtbriangreen

My gut instinct (and a rookie one at that) tells me that this early rally will fizzle and close almost even. Today is Friday, heading into a long weekend. There is no telling what will happen in the rest of the world over the weekend to make the market move heavily on Tuesday. With the volitility of this market, I wouldnt be able to enjoy this long weekend being in. Maybe I miss the first stage of a rocket ship, but Im sitting on the sidelines right now. Im only $200 down for the year.

I would definitely call that a win at this point.

Must have been that taco bell again. Gut instinct was wrong about today.

Originally Posted by Whipsaw

rumours
Burro, today rhymes very close to the play RF and I made a week or so ago; prices down, yelling Yellen, of oil, very much the same. Get some and git!

nice call and nice score, i'm just glad to hear somebody say what we all know but don't want to admit, there is no analysis or counting that beats markets like this. you jump when the bean says jump and then you take what you get. if it wants to pull you around and dash you on the rocks that day, then that is what it does. and if it gives you a gift you take it. nice one today.

SBG: You're only supposed to eat those on Taco Tuesday!!!

FS

Futures are up this morning on good news / bad news out of Asia and he potential for more easing. JPM saying we're nearing a bottom, but to sell rallies. I like what I'm reading in FS thread from Stockreversals.com, expecting upside, as high as 1990s, then further downside action. I'm in the same boat as Clester, with 1 move left. Try to catch the end of this rally? Can't get in till Wednesday at this point. Ten trading days till March...

My high speed, low drag, steel clad, super grip mega-thermal top 5 AT Tracker coffee mug arrived on Saturday. Thanks Tom!

tspmug11.jpg

That's great, how can I get one of those? Is for top 5 at the end of the month?

Originally Posted by daze823

That's great, how can I get one of those? Is for top 5 at the end of the month?

or you can buy one in the tsptalk store.

or if you are a betting man, you can proposition me and we can work out a deal if i lose that i will get you one.