Thread: Whipsaw's Account Talk

Originally Posted by Whipsaw

Interesting metaphor, RF! Stepping in right now I think may be the equivalent of running out into traffic... but what do I know. I've been spooked by that RSOTC guy. We are very close, if not at the top, of a rising wedge, overbought (Clester just bailed)... markets go down faster than they go up. Dang TSP site wouldn't let me in, or I'd have caught some of yesterday's pop. I'd like to see a drop to 2800, or even 2650. May be wishful thinking. Can the melt up go much longer?

Of course it can because if there is any hint of the market going down someone with power will parade out in the press and repeat old news that interest rates will stay or will be cut, that China meeting are going great so it has to be lock (this time), liquidity is not a problem, and our favorite stock channel will pump the market because earning are beating the lowered expectations.

Remember in Dec when things looked grim that a stream of high level folks that were paraded out to calm the nerves of inverters and that hasn't stopped since the Fed did a 180. I been sitting collecting the crumbs the G fund is dropping and starting to get the feeling that it will take a major event for it to really go down.

Tried to get in on the 22nd, day before the pop. C'est la vie!

Now I'm trying to get back on the Top Poster's list!

Looks like that last one did the trick! I'm back on the Top Posters list ( second from the bottom )

Holy underwear Batman! I ain't even on the radar of the top posters. As they say, "If you ain't the lead dog, the view is always the same."

BOOM! Like James said, futures are off 2+%

Good call, RF, good call...

https://www.foxbusiness.com/politics...goods-increase

Unfortunately the lead dogs don't pass on their wisdom.

Question now is whether this is a knee-jerk reaction that lasts a few days, or is it sign of further downward action to come??? I'm in 50%.... do I buy the drop or would I be catching a falling knife. I hate the market and this game!!!!! I wanted to exit on Friday as I thought about China (meeting this week and next week), but thought news might not come out for a few more days. Uggh…. I guess not!

Just got back in the game Whipsaw. You following???

There's really no way to know when it comes to policy actions... I'm thinking wait a few days and see the tariffs implemented. Ultimately, this will make US labor competitive against chinese labor, making it less cost effective to produce goods in china; which means more investment and jobs in the USA. I am coming to the conclusion that betting against this market is a bad bet. I will likely be moving in soon.

For NASA, I'm by no means a lead dog (I don't always trust/act on my instincts), though I do put out what I'm thinking. RF is pretty good for that as well.

Originally Posted by nasa1974

Unfortunately the lead dogs don't pass on their wisdom.

Don't forget, I think allot of folks here are in premiums, and therefore have a gag order.