Thread: tsptalk's Market Talk

The best policy in a bull market is to close your eyes and just do it - buy.

Originally Posted by Birchtree

The best policy in a bull market is to close your eyes and just do it - buy.

"Buy, the market's taking a dive and you'll never see prices this low again"
"Buy, because this is a Bull Market on the rise and the train is leaving"

GEE, Is it ever OK to SELL ? Up or Down, Birchtree is a Perma-Buyer with Brass, ummmmmm, knuckles !

Originally Posted by tsptalk

With the S&P back above the 50-day EMA (3 closes) I'm back in buy the dips mode. I had entered an IFT for today's COB, but cancelled it. I think I will wait one more day. I was remembering Oscar's rule to buy a 2 day pull back in a bull market. Today would just be day 1 if it holds in negative territory.

OK, here's the move back to the 50-day EMA. The S&P should have a pretty good bid here in the high 1090's. Jumping in. Also buying some SSO here.

Originally Posted by tsptalk

OK, here's the move back to the 50-day EMA. The S&P should have a pretty good bid here in the high 1090's. Jumping in. Also buying some SSO here.

I agree, I tend to think this weakness should be bought. And I'm outta ammo.

Originally Posted by coolhand

I agree, I tend to think this weakness should be bought. And I'm outta ammo.

Damn transfer limits! I wish I didn't have any left in Feb. The only reason I do is because I missed the rally the last couple of weeks.

I think James was going to go through the numbers after we get the December costs, and do some kind of cost report. He's suggesting costs will have risen since the limits were put in place. That will be great info to post in our blogs.

Originally Posted by tsptalk

Damn transfer limits! I wish I didn't have any left in Feb. The only reason I do is because I missed the rally the last couple of weeks.

I think James was going to go through the numbers after we get the December costs, and do some kind of cost report. He's suggesting costs will have risen since the limits were put in place. That will be great info to post in our blogs.

Careful there Tom, one day someone might start a thread railing against the 2 IFT limits...

Don't worry, you get to make two more moves in March... I remember once a very smart guy suggested giving us 24 moves throughout the year instead of 2 per month...

To stay on topic here... looking at the 20 and 50 sma's, things don't look great for this week... but I have been proven wrong more than once.

Originally Posted by Minnow

To stay on topic here... looking at the 20 and 50 sma's, things don't look great for this week... but I have been proven wrong more than once.

That's why you are still a minnow! Become the inner shark you know you are meant to be!

I've been very contrarian since Jan, and I'm not stopping just yet!

Still in Vegas, so haven't been watching the markets till now. First impression is a failed attempt at 61.8 Fib, now going to test the 38.2 Fib at 1085ish. Anyone agree?

Attachment 8490

... great info, Tom and everyone else! The Fib #'s from the 1044 low pivot to yesterday's high pivot of 1112 suggests the 38.2 fib retracement lies at 1086'ish. Obviously that's splitting hairs since this can happen easily between today's IFT and tomorrow's IFT deadline... today or tomorrow?!

... too funny JTH, thinking the exact same thing and was typing mine same time as you... yes, I agree, but it could happen today or tomorrow AM.

Hourly S&P 500 looking 4 support with the potenial 50/200 EMA Golden Cross. If this holds, that gets me bullish, if not, well than I was right all along.

Attachment 8491