Thread: Whipsaw's Account Talk

That moment when you see that the futures went from red to green overnight, when you just bailed...

I did pick up a few percentages... Thanks RF!

Maybe we will get a dip... but will it carry through to Monday? And then there's Tuesday... 1 IFT to get back in, then that's it for the month. I guess I'll stay on the lily pad over the weekend. OBTW, just passed PMT-257! PM Level II here I come! Have a great weekend everyone!

Futures are down... (I'm in the right place for once on the lily pad!). This article somewhat rhymes with RSOTC analysis...
What the path to an ‘honest-to-God vicious selloff’ by year end could look like

https://www.marketwatch.com/story/wh...ike-2018-11-05

Hi Whipsaw, That article is very interesting and that chart is scarrrryyyy.

I am still happily on the LillyPad .. no toe dipping for me today. This guy on FBN, Michael Pillsbury, writer of a book about China called the "The 100 Year Marathon" was saying this morning that there is a big import/export EXPO going on in Shanghai this week and that if they see lots of deals being made, it might be indicator that China and US are moving more towards making a deal.

Presidents Trump and Xi are supposed to have a phone call this Thursday. Pillsbury said that China is very interested in seeing results of Tuesday's election to gauge Trump's strength---yeah I bet and obviously that would affect negotiations. He also said there is a chance there would be a bilateral investment treaty to open more sectors of Chinese market to US. If any of that starts to get discussed on Thursday, and its good news, we might see a jump in market and that would go along with some of what was discussed in the article you posted about possible upside right after the elections.

Pillsbury also said Chinese will not admit to stealing Intellectual Property--of course not. Could it be an agreement is in the works with a possible closing at the G20 (Nov 30) lunch meeting between Trump and Xi???? I doubt it but news of that type agreement and news that they are working on details would be great!!!!

welllll….. not to get off track but sometime over the weekend, I also heard possibility of US selling oil to China but I also thought we might sell Gas to EU to get EU less dependent on Russia.... hummm….. But more importantly, what does ANY OF THIS have to do with the price of tea in China????? lol...

But seriously, just having some positive words coming out of Thursday's meeting would be nice for the market. I did see (in last RSOTC video) where RSOTC was indicating a larger drop coming soon. This market is reminding me of how we used to play musical chairs except instead of losing out on cake its now our retirement money... jump on the Lilly paid before the music stops!!!!

Best Wishes to you and everyone !!!!!!

Originally Posted by Whipsaw

Futures are down... (I'm in the right place for once on the lily pad!). This article somewhat rhymes with RSOTC analysis...
What the path to an ‘honest-to-God vicious selloff’ by year end could look like

https://www.marketwatch.com/story/wh...ike-2018-11-05

Thanks DBA! I must say, when we've been at or near previous bottoms (i.e. 2016 election), the doom and gloom articles came out and we went up from there. Can't rule it out, on some level I think there is a likelihood that the mission of MW and other outlets is to manipulate the masses to the benefit of the big account holders.

Sideways movement today until the results hit tomorrow?

Hi WS: It does look like market is kinda hangin to see what happens today. I also agree that it does seem like some gurus try to manipulate the masses! So kinda have to take it all with a grain of salt.

Especially when you consider what the pollsters are saying.. so with the big vote today, tomorrow will be the big mover one way or the other, or not much! lol... See I am hedging just like the big boys!! They have all that sophisticated polling, demographic details, etc and they were all hoooing and a haaaaaing last night...

I keep saying to myself, don't bet against Trump but then I think ... ahhh lots of people voting. No telling.

Thing is that when I looked at charts last night, I noticed the MACDs on my charts have histogram bars moving down... getting smaller, which to me means the market is going to drop. However, the signal lines have crossed positive so that is good... looking like it is going up more. So these are at odds and it just seems a bit weird. Obviously this negates to give me more of a market is conflicted/neutral/on hold reading. I don't like it.

Of course everything is just sitting high enough to make me weary of an entry (at or near overhead resistance) and low enough to know when it POPs its gonna be great.... don't want to miss that party...

Question: Today--do I enter or not? If so, should I play it safe and only go in 50% with possibility of going in more later? Uggh... I hate this market!
A little more than an hour to decide.

Best Wishes to You and Everyone!!!!!!!! Happy Election Day!!! ....

Looking more like I am staying out. I notice that today's action is causing Stochastic to cross below its signal line. That indicates momentums is moving down ...even though price action is up today. That is weird too. I really do not want to but looking ,ore like I am going to wait for clearer skies and clearer reads. ...BUT... I can be persuaded to go in... lol !! Just keep talkin.... ...or rather I need to just keep talkin to myself... lol

I was thinking about going 100% in, but only if we dropped and filled in that Gap down below. Looks like I stay in.

Fox Business News talking heads are happy with the election outcome, expect a rally through the end of the year. We got a good pop at the open, but it appears to be weakening, still, its only been an hour. Two open gaps to fill... sooner than later? Maybe when the FED speaketh tomorrow?

Oh gosh… that is just so possible. Not sure what to think anymore.

I don't want to get in on an up day... but....gotta get in sometime... what a quandary!

My guess at this point is to wait for a little pull back....

Best Wishes to you and everyone on your investments!!!!!!!

The FED speaks at 2pm. If its bad news and the market goes down in the afternoon, its a better buy. Otherwise, today I think may be a pause. Looking to move in. Anyone think we'll be testing the lows?