Thread: FireWeatherMet Account Talk

That May correction ended up taking -$445K out of my oceanic account - but I did manage to get it all back. I'm not looking for any type of repeat this year. Sure glad you are showing some good sense investment ideas - I knew all along you were capable.

I made this chart for you, keeping in mind your observations of the crowned top. This chart is only theoretical, it's a little too experimental for my preference, but the math does seem to add up. This scenario calls for a 1500 bottom on 6 March.

Attachment 22669

Originally Posted by JTH

I made this chart for you, keeping in mind your observations of the crowned top. This chart is only theoretical, it's a little too experimental for my preference, but the math does seem to add up. This scenario calls for a 1500 bottom on 6 March.

Attachment 22669

Thanks for the chart JT.
Sorry, been "unplugged" the past few days.

So were' gonna see a pretty hard tumble (-3%) tomorrow??

It's time to get real - we're obviously heading higher, much higher. Cash is going to chase Ferdinand to higher green fields.

Originally Posted by FireWeatheret

Thanks for the chart JT.
Sorry, been "unplugged" the past few days.

So were' gonna see a pretty hard tumble (-3%) tomorrow??

Lol no my friend, I think this pattern is busted!

Attachment 22747

Everything seems to be staying on course per previous thoughts a week ago:
Mainly last weeks correction to the 50 day EMA was the pressure release on the steam cooker...and we would be cooking up to higher highs.

From Feb 22nd post (link below with charts)
"As I said the other day, I am (err, mean was) not worried about the quick drop. Long sustained rallies can have a quick 2-3% drop to the 20 day EMA...which only serves as a quick steam release on the pressure cooker before a quick rise to higher heights."
FireWeatherMet Account Talk


2 things continue to support my belief that we're at least headed up to the Fibonacci upper band in the 1550's.

1) Sequester fears aside...what has actually happened with modest tax hikes Jan1st...and moderate spending cuts with the sequester...is that the US Congress and president have done what many say could not be done...a bipartisan approach of tax hikes and spending cuts to tame the deficit.
Last time this happened was 1994...which led to a 6 year trend of significantly reducing the deficit and resulted in a mega bull run in the markets.

2) Possible GDP reduction due to sequestered Gov't spending is actually good news for the markets. This makes it more likely that Bernanke and his Fed underlings keep the petal to the metal with QE. Remember, the biggest reason we dropped off a few weeks ago were the Fed minutes that some Fed Chiefs felt it was time to phase QE out. Sequesterd Fed spending makes this much less likely now.

So with the Fed now probably locked in for at least the rest of the year, , remember Jim Cramers motto "Don't Fight the Fed".
And with bi-partisan deficit reduction plan grudgingly in place...Don't fight ingredients that led to bull market of 1990's.

Gosh ganja man, you sound so, so, so reasonable. Please keep up the good words.

Are right, who are you and what did you do with FWM

The support is 1540. It will soon be 1550. Spring is here. Right on time to get the market on a solid plateau. Financials are still undervalued. From the solid base I mentioned the markets have no recourse but to rise. It is anticipated that money will flow into Europe during late spring with tourism, so the I fund will pop up like cherry tree buds. The I fund, the forgotten step child of our funds, will roll later in the year. After we hit 1600 in early summer the market will find its new beginning. Onward then to 1700 by the end of the year. Presently, the market cannot go flat nor will it go down at this time, during these conditions. Tomorrow expect another day similar to today. The SPX must seek its new all time high, and it will.

Locking in profits...Bounced out today...100% G as of COB Wed.

Think we still have higher to go, but rarely do we go much higher when we're up 7 out of 8 days...and sitting at all-time or near all-time highs (S&P).

Looking for a slightly better buy back in (minus the -I- Fund) within a few days.

ey mon, puffin' on a little f'n G?