Thread: Whipsaw's Account Talk

Well, sell in May and go away. Will have a fresh set of IFTs on Tuesday. 100% G COB. This thing better not roll over this afternoon.

Futures are up, though I am on the sidelines... :-/ At any rate, the Grok trade guy mentioned what he saw as bear flags and coiling symmetrical triangles and narrowing bollinger bands. So, a big move one way or the other in the works. Considering May is upon us, and the economy is cranking (good news is still bad???), and I'm on the lily pad, I'm expecting a downward move (though I am often my own contrarian indicator).

Originally Posted by Whipsaw

Futures are up, though I am on the sidelines... :-/ At any rate, the Grok trade guy mentioned what he saw as bear flags and coiling symmetrical triangles and narrowing bollinger bands. So, a big move one way or the other in the works. Considering May is upon us, and the economy is cranking (good news is still bad???), and I'm on the lily pad, I'm expecting a downward move (though I am often my own contrarian indicator).

May can be a bit squirrelly.

Last year the "I" fund was up 3.76%, "C" fund was up 1.41% and the "S" fund was down 0.77%. 2013 to 2016 both the "C & S" funds were positive while the "I" fund had mixed results. While 2010 to 2012 all three funds had some big losses. I posted the May Returns in my thread.

I need about 0.60% to get back to my 2017 closing numbers. Just haven't figured out how to play May yet.

The market is heading south, and I am on the sidelines...

Looks like investors took advantage of some early gains.

Originally Posted by Whipsaw

Futures are up, though I am on the sidelines... :-/ At any rate, the Grok trade guy mentioned what he saw as bear flags and coiling symmetrical triangles and narrowing bollinger bands. So, a big move one way or the other in the works. Considering May is upon us, and the economy is cranking (good news is still bad???), and I'm on the lily pad, I'm expecting a downward move (though I am often my own contrarian indicator).

I also like the Grok Trade guy and have started watching as of late. This past weekend, He mentioned IWM / Russell 2000 can be leading indicator and its pinching up in triangle. It confirms what you see in DWCPF charts... Its going sideways. He think there maybe some big action this week. But then mentioned financial sectors look very weak and if they drop, the market will drop.

So the only reason why I didnt fully exit today (still have S20%) is because I am hopeful China trade talks will result in something positive later this week. But then later in day saw Mnuchin talk about trip and he didnt come across very positive. Eeekkkk...maybe I should have fully exited. Ugghhh..... Then again heard guy on FBN say the bottom was in and folks should buy..... Lol... There is every view out there to influence you ....but which rack do you hang your hat on? Per current charts, it is going sideways but with lower highs, until that pattern clearly breaks, I must say I am still worried about market direction.

P.s. Just saw D7at GrokTrade (todays video 4/30)... For Russell 2000, he said he would not be in market long.

Thanks DBA! I also like the 'Right Side of the Chart' guy, he's very detailed in his discussion. Need to check again this evening and going forward before planning a re-entry. I guess its better to miss some gains than to eat a large drop, esp. when its apparent something is going to happen.

Originally Posted by Whipsaw

Thanks DBA! I also like the 'Right Side of the Chart' guy, he's very detailed in his discussion. Need to check again this evening and going forward before planning a re-entry. I guess its better to miss some gains than to eat a large drop, esp. when its apparent something is going to happen.

Who is "Grok Trade guy" on youtube? And is the "Right side of chart guy"also the one on YouTube? Thanks

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They are both on Youtube, and can be found by searching 'grok trade' or 'right side of the chart'; these are also posted with several other chart analysis video makers in the "Market Videos" section on the main Forum page. Thanks to Nnuut for posting these!

Originally Posted by Whipsaw

Thanks DBA! I also like the 'Right Side of the Chart' guy, he's very detailed in his discussion. Need to check again this evening and going forward before planning a re-entry. I guess its better to miss some gains than to eat a large drop, esp. when its apparent something is going to happen.

Hi Whipsaw! Thanks for the tip. I'll check out it out!

See .... now that I'm mostly out, the market is sure to rally. So..... my DOODA system says that the Fed will take a more dovish position or use more dovish language on future rate hikes and possibly skip an increase, plus Mnuchin will have a success in negotiating on tariffs with China over the weekend...well at least a positive start.. and the market will go up like 2.5% during the next 5 days. Lol..... hey if I get this right I my need to start reading tea leaves or something like that!

Best wishes and hope everyone does well on their investments !!!!!!

Originally Posted by Whipsaw

They are both on Youtube, and can be found by searching 'grok trade' or 'right side of the chart'; these are also posted with several other chart analysis video makers in the "Market Videos" section on the main Forum page. Thanks to Nnuut for posting these!

Thanks a lot, subscribed to both

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