Griffin Account Talk

[Buffalo Nickle]

Nothing like a good flow chart for an analytical answer. Good Job,..Thanks

[whitemingo]

Thanks Griffin.

Great flow chart.

[phillyfed]

Originally Posted by Griffin

I think a decision tree would probably help clarify my strategy.

Attachment 2701

Right now we are in the far left blue diamond waiting to see if the 5 year channel will breakdown - or we will move to 1460.

Another intelligent person from Philadelphia. You summed up my entire thread in one flow chart. You must work in IT as well. It looks like some Digital Algorithm's I learned in beginners Electronics at Drexel University. AND, NOR, OR Gates

[fedgolfer]

great job Grif on the past few IFTs... you've really minimized losses and bought in at the best time while only doing a small handful of IFTs.

I have a feeling I'll be following you move for move when the IFT restrictions are put in place. Sh*t, I should just do it now!

[fedgolfer]

oh, are you expecting the dollar to rally until xmas/new year... thus avoiding the I fund?

On the flip side, if they cut the FFR and discount rates, like the market action is assuming today... wouldn't that further deteriorate the $... today's dollar index looks like its near a line of reisistance on a big up day for the $.

[weatherweenie]

Originally Posted by Griffin

...or we will move to 1460.

We're coming up on 1460. Now what?

[ATCJeff]

Originally Posted by weatherweenie

We're coming up on 1460. Now what?

According to the flow chart, hold the course. At 1490 he'll make a move to the S.

Hope I got that right Grif.

[Griffin]

Originally Posted by ATCJeff

According to the flow chart, hold the course. At 1490 he'll make a move to the S.

Hope I got that right Grif.

You do have it right -

1460 is critical level that we need to keep an eye on - long after the intraday charts are not available to us. 1460 is on decison tree as a node, because it may effect my thinking in the near future, even though I don't intend to act upon it immediately. If resistance at 1460 holds - our chances of slipping into a bear market increase significantly.

[Griffin]

Folks - when we hit these nodes, don't jump the gun with an IFT - we need to see how the market behaves. It usually takes several attempts over a couple of days to push through an area of strong resistance, or it may push through quickly on one day only to return the next day.

Be patient - this is the ART of timing.

[mamikin]

Folks - when we hit these nodes, don't jump the gun with an IFT - we need to see how the market behaves

These words of wisdom came a little too late for me today ... went 100% to I for tomorrow. I enjoy reading your thread on a daily basis - you share much wisdom. I found the chart you posted yesterday quite helpful and informative.

[Griffin]

I made a mistake in my decision tree about where the note should have been. Not a big deal but hopefully this change will add a little clarification.

NOV 25 2007 DT JPEG.JPG

[Griffin]

Yesterday I mentioned that we could see the market punch through resistance at 1460 only to revisit it again the next day. That appears to be what the futures are prediciting for this morning. The good news is that we are coming to it from the topside and the downward momentum does not appear strong enough to immediately take us below 1460 at the open.

Things are looking good . We are now in the center blue diamond of my decision tree and it looks like the next move will be through the "no resistance at 1460 green box" on to the right diamond.