Thread: burrocrat's Account Talk

Originally Posted by burrocrat

yep, pull it, bail bail bail. ift to 100% G-fund at cob today.

FIFY

BTW, you should make some coin today so, good for you.

Frank

Originally Posted by burrocrat

yep, pull it, bail bail bail. ift to 100% g-fund at cob today.

i got the setup and the liftoff, but i am pretty sure i'm going to blow the landing. i am out and i'll take whatever treats or tricks the market dishes out by end of day. this did not develop the follow-through strength i needed to see to be comfortable holding this position even overnight in this volatile market, i just don't trust it. i was looking for a 2-day pop but just blew my entire february ift load on a 24-hour round turn.

on the bright side, my burrocrat line on the burros-ark weekly chart will now diverge (one way or the other) from the g-fund line which i have been hugging tight all year. it sure would be nice if it finishes positive today, but i don't have much confidence in that. good luck to anybody brave enough to stay in the market and stare this monster in the teeth, i hope you get rich.

Originally Posted by burrocrat

yep, pull it, bail bail bail. ift to 100% c-fund at cob today.

Good call burro. Hoping the market gods smile on you today and let you make a little coin...

Just did Burro. I'm probably missing out. I think there are two big plays that may yet happen this month (1) oil rallies - it's due (2) China devalues the Yuan. Both could give SPX a big boost BUT right now I'll take my poker chips, say thank you if we finish positive today, and look to play another day.

FS

Originally Posted by Lakebound

FIFY

BTW, you should make some coin today so, good for you.

Frank

thanks, my hands were shaking so bad i couldn't even spell "g".

this trade is not developing the way i wanted and i am uncomfortable in this volatile market.

SO....No Pudding for You!

Burro. I see where you are coming from all kidding aside.

One thing I took notice of was the de-coupling of stocks and oil recently (in a big way) so I will gamble
that can occur anytime and this trade will follow thru according to the technicals to the upside.

And that could move up to the 20day EMA, before it peters out.

Not sure of the % of gains if that happens - guess at least 4%??

Originally Posted by burrocrat

thanks, my hands were shaking so bad i couldn't even spell "g".

No problem, anytime. Now go take your quivering hands and pour a nice drink for yourself to calm your nerves and watch the close. I think that you'll be just fine.

Frank

AND for the more optimistic. Try this:

Is the S&P 500 a 2008-style meltdown or a bear trap? - MarketWatch

Although, this targets another lower-high his prediction puts the near-term high, quite high.

Like the Oct 2015 rally.

I choose to move to F fund from C today. Bought the DIP and now selling the recovery. Yes sure there might be a bigger recovery day, but my personal rule is if there is a market drop ( a few percentage points over two days) you know there will be a "dead cat bounce" if that is what they are labeled.

Going to F because well, its been doing better than G in this bear market. Yes I am saying this is bear now.

Holdin' my breath for ya brutha.. Doesn't matter if it's for a day or a week, Anything positive is a coup.

Since I'm so far down, I'm utilizing the bend over, grab-n-hold approach. Gotta hit Costco for Preperation H.

C'mon March!