Thread: Whipsaw's Account Talk

I mentioned this once before, but I forgot to keep an eye out for it... switching to the weekly scale shows how the C fund busted up through the upper bollinger band, something that won't continue for long. The down action of the last few days is bringing it back inside the BB.

S&P 500 Index, SPX Advanced Chart - (SNC) SPX, S&P 500 Index Stock Price - BigCharts.com

roughly 400 pts between upper and lower...yikes...

OUCH! That's gonna leave a mark! I went and checked out the Grok Trade video, another thing I have been remiss in doing, he put a sell in on the 31st. That would have side stepped allot of pain. At any rate, on the fence with a stop loss move to G, or a sticky pants approach for fear of missing a snap back rally. Harrumph!

Originally Posted by Whipsaw

OUCH! That's gonna leave a mark! I went and checked out the Grok Trade video, another thing I have been remiss in doing, he put a sell in on the 31st. That would have side stepped allot of pain. At any rate, on the fence with a stop loss move to G, or a sticky pants approach for fear of missing a snap back rally. Harrumph!

Yes and I keep forgetting to exit a couple days before end of month during a strong month to pocket gains and avoid what FBN says was partly a rebalance of allocations by larger investment groups on last day of month. I'm not sure if that's completely true .... Would need to review that. The weekly and monthly equity charts still look good. F fund seems a train wreck....definite down trend. Right now DOW down 125 points. Ughhh one guy right now on FBN saying he expects stocks to drop to 23000. A second guy saying it will drop further, but won't say wen de to ugh EPS ratio. But ths last guy is a definite bear saying t needs to drop to 17000 to get back to historic norms.

Not sure how much more pain I can take. Going negative today and I don't want to dig myself out of a deep hole. Will be much more serious about exiting tomorrow. Will see....will tere be a turn around Tuesday or a little dead cat bounce????

I do think economy is strong. Cousin who s surveyor said there is a ton of work opened up in West Texas...so much so that they are paying $350 to $500 per night in Pecos area to stay at low end motels.

Best wishes to you ad everyone on your investments !!!!!!!

Given my risk tolerance and having made some money over christmas I'm stepping out to see how things shake out. Its probably a mistake but ....we crossed the 50 day and the whole run up was on fire. Im 50/50 on if there's more down to go and that takes me out to preserve what I made. Problem isn't getting out its getting back in for me.

Whipsaw gets top billing on CNBC!
cnbc-whipsaw.jpg

CNBC article says market is getting used to a new environment, still recommends equities over bonds... but will likely be choppy. That said, will hold for a day or two, or to a reasonable recovery and take profits!??

https://www.cnbc.com/2018/02/04/us-s...s-futures.html

Maybe I should have went with the stop loss??? In the immortal words of Frank Barone "HOLY CRAP!"

Support? What support?

Originally Posted by Whipsaw

Support? What support?

I'm afraid we're down to the very basic support.

th.jpg

Originally Posted by Whipsaw

Maybe I should have went with the stop loss??? In the immortal words of Frank Barone "HOLY CRAP!"

Hmmm -- now that is a strange religion. I guess this occurs when the gods open the heavens and flush their toilet. It certainly felt that way today.