Thread: JTH's Account Talk

Where are all those Jack-Wagons who love buy and hold? Why aren't they littering my thread with their propaganda?

I've been buying and holding short positions for some time now...does that count?!

Hoping I'll get an opportunity to cash those in soon...I've learned my lesson on holding those. Relic of life getting in the way for a little longer than I anticipated.

PnF Charts, 30-Minute Scale, .25% Box, 3-Box reversal

1) $SPX, Triple Bottom Breakdown, Price Objective 1943.01

2) $EMW, Triple Bottom Breakdown, Price Objective 1022.88 (Met)

3) $Tran, Double Bottom Breakdown following a Bull Trap/Triangle Reversal, Price Objective 7977.65 (Nasty)

4) $NDX, Triple Bottom Breakdown, Price Objective 3919.16 (The last index to hold out)

Attachment 30430

Attachment 30431

Attachment 30432

Attachment 30433

PnF, 30-Minute Scale, .05% Box, 3-Box reversal

AGG puts in a Bullish Catapult Breakout (Very bullish on this timescale)

Attachment 30434

You still riding this my friend? Quick question? If you sell at a low and buy at a lower low do you still have more stocks or did you go down in number of stocks because of a sale for a loss before the buy.

Originally Posted by Bquat

You still riding this my friend? Quick question? If you sell at a low and buy at a lower low do you still have more stocks or did you go down in number of stocks because of a sale for a loss before the buy.

I was preoccupied with other things, by the time the downtrend was identified, it was too late, so I decided to ride it out. It is what it is, this has not been what I'd consider a successful year for myself, but others have proved it can be done. Yes you would accummulate more shares at lower prices.

Originally Posted by Bquat

You still riding this my friend? Quick question? If you sell at a low and buy at a lower low do you still have more stocks or did you go down in number of stocks because of a sale for a loss before the buy.

# of shares increases, but $ of each share decreases.

Yuk, I can barely stand to check the markets anymore. Still trying to figure out if I'm going to hold or fold. I'll admit, I haven't had much time to do analysis and after the last failed buy signal (from what I consider a reliable system) my confidence has faltered. The futures looked good last night but it still didn't materialize into gains, this has been the market's character since this last downturn. One thing for certain, I need to gain an edge and may need to side-step this price action to do so. Only problem is, if I'm wrong, then I may lose the 2% edge against the S-Fund and that wouldn't be fun.

From my current perspective, we need to re-capture and overtake 1985 to put in a reversal for these markets.

Attachment 30505

Should have done this weeks ago

IFT EoB today 100F

Originally Posted by JTH

Should have done this weeks ago

IFT EoB today 100F

Me too. Below the 200 day mean we're in a bear market?

Originally Posted by JTH

Should have done this weeks ago

IFT EoB today 100F

Welcome tothe club JTH