Thread: JTH's Account Talk

Originally Posted by JTH

Out of pocket today, what do you think of the tran?

I'm seeing an increase in selling volume and it's below the channel .

Originally Posted by Bquat

I'm seeing an increase in selling volume and it's below the channel .

Copy, but what I meant was that the Tran was down over -1% while the other indexes were in the green, meaning that the indexes were not in agreement with each other.

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Today, the S&P 500 signaled a Low Pole Reversal, this is not a price reversal, just a notification that 50% of the O,2 column of was overtaken by the most recent column of Xs. At this point in time, this is effectively nothing more then a bear bounce, within an established downtrend showing 1 lower X and 2 lower Os.

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Originally Posted by JTH

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Today, the S&P 500 signaled a Low Pole Reversal, this is not a price reversal, just a notification that 50% of the O,2 column of was overtaken by the most recent column of Xs. At this point in time, this is effectively nothing more then a bear bounce, within an established downtrend showing 1 lower X and 2 lower Os.

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Wow, thanks for the wet blanket. lol Still got cash to deploy though.

Originally Posted by JTH

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Today, the S&P 500 signaled a Low Pole Reversal, this is not a price reversal, just a notification that 50% of the O,2 column of was overtaken by the most recent column of Xs. At this point in time, this is effectively nothing more then a bear bounce, within an established downtrend showing 1 lower X and 2 lower Os.

Dang JTH, that's a gutsy call. I like the fact that you call it like it is. There's no wishy washy in your calls.

Today was one of those days where I felt like there was no warning sign that could have predicted this 288 point climb, other than an oversold bounce being overdue.

It'll be interesting to see what the next few days brings...

Originally Posted by MrJohnRoss

It'll be interesting to see what the next few days brings...

This close to the Holiday it's impossible to tell when profits will begin to be taken. I think if you're in you ride it to get back some of the past weeks losses. If you're out how much reward is left after today or was yesterday just a bounce. You make the call.

Originally Posted by 99percent

Wow, thanks for the wet blanket. lol Still got cash to deploy though.

Not so much a wet blanket as a warning/reminder not to let yesterday's euphoria make your IFT decisions for you.

Originally Posted by MrJohnRoss

Dang JTH, that's a gutsy call. I like the fact that you call it like it is. There's no wishy washy in your calls.

Today was one of those days where I felt like there was no warning sign that could have predicted this 288 point climb, other than an oversold bounce being overdue.

It'll be interesting to see what the next few days brings...

Thanks, that's one of the best complements folks can get in a forum like this!

Another day like Wednesday can move the needle enough to trigger reversals in the S&P 500 & Wilshire 4500, but the Tran & NASDAQ 100 are a bit further behind. Reviewing all the Low Pole Reversals going back to October, not one triggered a price reversal. And I agree, there;s no way to predict a 288 point climb, and we can't get behind it fast enough within TSP to do anything about it

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Party on. Credit is cheap.

Originally Posted by JTH

And I agree, there's no way to predict a 288 point climb, and we can't get behind it fast enough within TSP to do anything about it.

but it is possible to get ahead of it. that being said, i don't care which way it goes this morning, come hell or high water i am getting off this crazy train today. too hot, too fast, it is not a healthy move. pull it.

There is no law of the universe that dictates how long bull markets last - always in all the time is my moto.