Well that hurt a bit today! (Ouch!!) I made a mistake the first of December Taking one of my IFT's that I shouldn't of and took profit after the rally I was wanting around Thanksgiving before the end of November. Hated to do it and use up one of my IFTs for December, but didn't want to get greedy!! (TomTom's advice) Well been on the sidelines watching the bull train pass me by the last week or so, but told myself to wait for a pull back before Santa came to town....got a little ahead of myself this week and burned my 2nd IFT on the little tuesday pull back. Well, I think I just found the pull back I was waiting for !!!! Oh how I needed a few more IFT's this month!! Currently 40C, 40S, 10 I, 10 G.....
Anyone think we could ask Santa for "Roll Over IFT's", kind of like AT&T Cellular!!!
Blindman out!
Thats what it sounds like.
So Coolhand, did the SS put in a sell signal today? I have been watching your system as well and enjoy your posts.
I also have to ask everyone this question. Not a real smart man here but I tend to use logic way to much, which works for everyday life, but not so much in the markets. My subject is the "I fund"
We hear and talk alot about pull backs in the market, but with the way this administration is throwing around money, like we have it, I just see this fund being strong for a long period. I cannot see how the dollar will ever get any better in the short term. Here I say that and I am only 10% in it. I just heard this morning on talk radio that Ms. hilliary briefed the Copenhagon summit that the US will donate money to the countries that cannot afford to fund their own Green Movement. Holy cow woman..."We're broke!!! How about they help us....I'm telling you makes me laugh everytime any of them come on the TV. But one last thing before I get off my soap Box,,,,,Anybody here of one of my Senators?? Tom Coburn. This guy made the senate read the 700 page amendment to the Obamacare bill yesterday and I believe they took it back. I'm sure he has his washington ties as well, but this guy has impressed me over and over. So far his voting record has been for family values and against pork barrel politics!!! At least that is what I have seen. I think we need plenty more just like him. Whooo I better stop with all the mummbling......
Well, I'm like everyone else...Come Santa Claus Rally!!!!!
Blindman out!
The Seven Sentinels went to a sell yesterday. As for the dollar, it's bigger than our domestic problems. Currency is a global trade. There are sovereign countries (Greece, Ireland, to start) that are in danger of default. These kinds of events or expectations will have an impact on the dollar. I personally see no clear path for where it's headed other than higher at the moment.
Blindman, about inserting your avatar:
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6. Save changes and you should be set!!
Have a good one, I will!!![]()
Nutt - Thanks for the info!. I think I have one! This probably represents me best. As I always tell one of my fellow TSP'ers here at work, "Do exactly the opposite" and it will be the correct trade....Its been a joke between us the past couple of years.....Well hopefully the light is coming on.... As always everyone - Enjoy all the posts!
Currently 40C,40S,10I,10G - awaiting Friday's JR
Blindman out!
Oh my, I have 10 posts!! I'm not a Newbie anymore!!! I like Rookie much better!!! Sorry, just saw that and had to post to make it 11!!
Blindman out
It sure seems like it sometimes!! Have you ever heard the term "Know just enough to get yourself in trouble"... Thats what it seems like alot of times. Once you think you have it figured out, Wall Street calls your bluff!!! But as "Birchtree" says that is what makes it Wall Street......
GL today everyone!
Blindman out
The market keeps making this man nervous. Market has been up 11 of the last 13 days. It just seems like a pull back is in the works. This market just cannot keep going in one direction, but maybe it can. (Top earners on the tracker are still 100% invested)
Anyone have any comments on oil prices?? These prices keep going up, with a country facing over 10% unemployeement rate cannot be good. I'm just thinking back at $140 a barrel oil and how the market reacted to its run up.....as oil went up, markets reacted by heading down..
My brother owns a oil related service business and he has been contacted by customers saying he better get ready, that its getting ready to take off by the end of the month......(just thinking outloud and how this may affect the market)....
Currently as of tomorrow morning.......75G, 25F
Blindman Out!
The run has been strong and the taxpayer intervention expensive. At some point the chickens come home.
As far as the overall long term market trend I do feel we're heading higher, just thought I would step back and take a breather. You can't help but think that when reading Birchtree's account talk....we're heading for the moon...I like that!!! But This chicken is going to sit on his egg for a bit......hopefully it won't be for more than a few days...but we will have to see....... So far this morning it looks like I should have stayed......premarket trading up.......we shall see.... GL everyone!!!
Blindman out.
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