Thread: Tsunami's Account Talk

Originally Posted by Tsunami

Even though today's drop is just what I was hoping for to get back in, I lost my nerve and cancelled my IFT to go to the C fund. Looking for an opportunity that doesn't feel so much like gambling.

I agree I want to jump in too, however I am waiting to see if we drop again tomorrow.

Originally Posted by Tsunami

The wave B rally is moving with lightening speed. At this rate the entire decline could be over this fall.

I was hoping it'd be over by this afternoon.

And now I changed my mind yet again...going 100% C at the close. Gulp.

Looking for a further decline into this afternoon, bottoming at no lower than 1900....I hope. Then hoping for a 5-6% rally to 2030ish to bail out and be back in the green for the year. Otherwise I guess I'm a sacrificial lamb to those that are shorting the market and getting rich.

The pessimism is really extreme again, currently sitting at 9: Fear & Greed Index - Investor Sentiment - CNNMoney

Originally Posted by Tsunami

And now I changed my mind yet again...going 100% C at the close. Gulp.

Looking for a further decline into this afternoon, bottoming at no lower than 1900....I hope. Then hoping for a 5-6% rally to 2030ish to bail out and be back in the green for the year. Otherwise I guess I'm a sacrificial lamb to those that are shorting the market and getting rich.

The pessimism is really extreme again, currently sitting at 9: Fear & Greed Index - Investor Sentiment - CNNMoney

Good luck!

Futures moving up now, so far so good. One of the reasons I decided to get in today was this chart by Springheel Jack. The target was 1903.18, today's low was 1903.07. Sometimes simple technical methods work amazingly well.

http://content.screencast.com/users/...erns%20MAs.png

So far the rally is proceeding as I'd hoped. Looking for a close around 1950 today, then 1990 tomorrow, then I bail out Friday as high as 2030.... as shown on chart #55 here:
Above the Green Line - Sep 2, 2015 Buy high, and Sell Higher: Momentum Investing - Joanne Klein - Public ChartList - StockCharts.com
This is where I should post a link to Aerosmith's "Dream On"

Originally Posted by Tsunami

So far the rally is proceeding as I'd hoped. Looking for a close around 1950 today, then 1990 tomorrow, then I bail out Friday as high as 2030.... as shown on chart #55 here:
Above the Green Line - Sep 2, 2015 Buy high, and Sell Higher: Momentum Investing - Joanne Klein - Public ChartList - StockCharts.com
This is where I should post a link to Aerosmith's "Dream On"

That's a good read, so if I did an IFT transfer tomorrow before noon. I could get in on the high Friday? You think the job report might not wreck the high? Gonna think about this might get in then get out Friday.

Originally Posted by Wiff007

That's a good read, so if I did an IFT transfer tomorrow before noon. I could get in on the high Friday? You think the job report might not wreck the high? Gonna think about this might get in then get out Friday.

I have no idea how long the rally might last, in fact until it breaks out and gets flying above 1940 I'm nervous as heck (since it's stalled out here in the upper 1930's) that it will keel over right about now since this could be a small wave 4 rally and now comes one more panic collapse the next 2 or 3 days, to somewhere below 1867. Nobody knows, I certainly don't, and fear is still extreme. Blowing both of your monthly IFTs for a one-day trade is awfully risky, and I'd guess that tomorrow (Thursday) will be the bulk of the rally anyway so you'd miss that. The rally could end abruptly at any point above last week's 1993 high.

Originally Posted by Tsunami

I have no idea how long the rally might last, in fact until it breaks out and gets flying above 1940 I'm nervous as heck (since it's stalled out here in the upper 1930's) that it will keel over right about now since this could be a small wave 4 rally and now comes one more panic collapse the next 2 or 3 days, to somewhere below 1867. Nobody knows, I certainly don't, and fear is still extreme. Blowing both of your monthly IFTs for a one-day trade is awfully risky, and I'd guess that tomorrow (Thursday) will be the bulk of the rally anyway so you'd miss that. The rally could end abruptly at any point above last week's 1993 high.

Yeah I don't think I probably will do that, not looking to be too crazy this months, trying to hold off till the fed before I do anything. Is that Sept 16 for the announcement?

1949? Argh! I was robbed one point LOL ;swear That was a nice little short squeeze once it finally broke through 1940 on the 3rd try, and should produce more short squeezing overnight and tomorrow. I'll have to watch closely though since I'm wondering if filling the gap from yesterday morning up at 1972 is all this rally might be able to do. I could easily panic and bail out tomorrow, but today I got back in the green and tomorrow if I can pass the darn G funders I'll be happy and call it quits for September. I have a vacation coming up anyway (back roads of Colorado for a week) and won't be watching the market.

You're killing it. Congrats!