Thread: JTH's Account Talk

Not sure I'd trust somehing that likes to be probes and tested, especially as a 50+ year old guy who gets probed and tested a bit more than I'd like...

Originally Posted by JTH

.....trendlines like to be probed and tested, buyers and sellers just need to decide what to do.

Attachment 37846

Couldn't take it anymore. 90% G %5 C and I COB today. Shoulda last Friday. lol

Originally Posted by BooDog

Couldn't take it anymore. 90% G %5 C and I COB today. Shoulda last Friday. lol

Well, we certainly have made several attempts to breach the recent lows today, if the markets crash tomorrow, you'll look like a genus...

Originally Posted by JTH

Well, we certainly have made several attempts to breach the recent lows today, if the markets crash tomorrow, you'll look like a genus...

Not expecting a crash, more of a slide. But I'll be on the fence for now. Cheers JTH.

Originally Posted by BooDog

Not expecting a crash, more of a slide. But I'll be on the fence for now. Cheers JTH.

I happen to think you're right, a slow slide seems in order for the next few days. The best part about all of this, if I had 20+ years of trading experience, the odds of me being right are about the same. But I do believe the odds of us reacting correctly do increase over time & experience

Hey JTH, I'm bringing reply over from your Blog about "Trading the Stats: 2nd Qtr", to your forum Account; hope you don't mind as discuss is about market direction short/mid-term.
With regard to your Blog(s) I asked if you're considering the Presidential election year historical data (Tom's chart on weekly-wrap blogs) showing drop starting April sometime. Thanks for your reply pasted as follows:
"Tom's chart is of the DOW, while I track the stats of SPX/W4500/AGG. The chart he posted also goes back to 1900, I personally don't believe stats that old are as relevant with today's price action, because trends change over time. April is a good month, and Pre-election Q2 is one of the best quarters of the election cycle. I can't tell you much more than that due to copyright issues, but if you have a copy of the 2016 Stock Trader's Almanac, I can point you to more info which may alleviate any trepidation you may have. Either ways, stats cannot predict the future, but they can give us valuable info about past market behaviors."
I'm hoping the equities don't do more than a slow slide then go upwards at least a bit more to SPX 2880 or more; I IFT'd more into C&S yesterday & invested some more of my personal account into some stocks/ ETFs. Today's close wasn't kind to me. I'm watching pensively though for exit sign of a roll-over like the election-year chart indicates is typical. Though it was for the DOW as you pointed out, and going way back to 1900, wouldn't SPX & W4500 generally track with the DOW on significant moves? Tom pointed out that thus far in 2016, the markets have tracked that historical election-year DOW performance track fairly closely. Again though... I do hope we see the typical good April numbers your analyses indicate we might anticipate.
Here's wishing us the best, & hope your work over the next couple days goes great.

Sry for the late reply, I'm just getting checked into a a hotel for the night. I won't be able to do much till this weekend, today was a good close, but thus far, my expectations for the 1st week of April are low.

This stuff always happens when I'm out of town, I'm taking ALPAFs to the sidelines, SPX has flipped over to a sell (following the TRAN)

2016-14-D-MISC5.png

JTH,

Time to get an Android watch or something. Hook it to your thermos. The programmed event will generate steam in the thermos, causing pressure to increase until BANG ---- the alarm is announced.

Personally, I use Marketwatch app. Works wonders.

Originally Posted by DaddyTin

JTH,

Time to get an Android watch or something. Hook it to your thermos. The programmed event will generate steam in the thermos, causing pressure to increase until BANG ---- the alarm is announced.

Personally, I use Marketwatch app. Works wonders.

Yes, but that only works if you're allowed to have a phone while at work, I'm doing extended hours right now, so there's really no time to perform an IFT during duty hours, but I'm going to find the time...

PnF NDX rolled over too.

Originally Posted by JTH

This stuff always happens when I'm out of town, I'm taking ALPAFs to the sidelines, SPX has flipped over to a sell (following the TRAN)

2016-14-D-MISC5.png

IFT Canceled (it looks like a bear trap)