Thread: Transfer 9/20 for 9/21/04

I would have wanted to make this move Friday morning except for 2 things. 1)I couldn't, and 2) My reverse psychology, contrarian personality made me think today would surprise us to the upside since so many expected a pullback. So far that doesn't seem true. We were right to be worried :shock:.

I'm packing to G too

100-G-effective tuesday 21...:shock:

I am sitting all G for now. Just awhile back I was thinking there may be a runup with the elections coming, but I have changed my course for now and staying put until I see something clear and concise.

So if we are already 100% G stay there?

tsptalk wrote:

I would have wanted to make this move Friday morning except for 2 things.Â* 1)Â*I couldn't, and 2) My reverse psychology, contrarian personality made me think today would surprise us to the upside since so many expected a pullback.Â* So far that doesn't seem true.Â* We were right to be worried :shock:.Â*

Isn't the market typically weak after Triple Witching? The options on stocks, futures, and index' expired on Friday, Sept. 17. This, in combination with Greenspan talking tomorrow, could create some opportunities to buy.

Tom, sometimes reverse psychology works... I know this market is a tough call.

Cinderella wrote:

Isn't the market typically weak after Triple Witching? The options on stocks, futures, and index' expired on Friday, Sept. 17. This, in combination with Greenspan talking tomorrow, could create some opportunities to buy.

The week after any options week is weaker than an average week. Not by much, but definately a noticeable negative bias. I would think triple witch (I think I heard it was actually quadruple witching, whatever that fourth contract is) would be even more affected.

I will look to buy back in if I see 1110 on the S&P 500, or maybe as early as Wdnesday morning depending on what Greenie says.

smine wrote:

So if we are already 100% G stay there?

I would think you will have a better opportunity to buywithin the next week or so. Don't blink though. You might miss it.

americanman wrote:

I am sitting all G for now. Just awhile back I was thinking there may be a runup with the elections coming, but I have changed my course for now and staying put until I see something clear and concise.

Welcome americanman!

Don't get too worried about a pullback. I'd use it as an opportunity to buy lower, but not too much lower. I think we'll have to be quick.

I really want to appreciate everything you done for

the TPS community... I am very impress with your

marketing comments and accuracy in timing the

ticks of the market... you are a true financial expert

person... I am agree with you... I belief it will be a pull

back soon... and then it will be the time to get into...

meanwhile I am sitting 100% on G since September 7th...

when the DOW pick... Again... Thank you very much for

everything you do for all of us... Mamy Blesings...

Leon :^

Thanks, and welcome lkatteng!

P.S. I'm not always right :shock:.

With less that 2 hours to go before the deadline, I think I may make a move into stocks IF the S&P 500 holds the1110 area. So far today's low (about 1109.50) has bounced off the 50-day moving average. That may not last.

I will try to post it here. My work frowns on me updating the website duringwork hours. I'll try to find a PC elsewhere.

Tom