Thread: Whipsaw's Account Talk

I'm thinking we won't see that test of the lows until June or July. Until then, I want to try a quick in and out on big down day...

Originally Posted by ravensfan

I'm thinking we won't see that test of the lows until June or July. Until then, I want to try a quick in and out on big down day...

Could have been today, but then I tried that in February, and look what it got me!

Originally Posted by Whipsaw

Could have been today, but then I tried that in February, and look what it got me!

I didn't really follow things today, but noticed the C and I funds were positive around lunch time. Imagine my surprise when I saw the big drops at the close. It makes timing the market difficult, but hey, you gotta try.

Like the Kenny Rogers song "The Gambler" says, "You gotta know when to hold em, know when to fold em, know when to walk away and know when to run. You never count your money when you're sittin at the table. There'll be time enough for counting when the dealins done.

if the market continues to climb through the morning, will be making a long overdue entry, 50% C, 50% S probably. Stepped aside when it seemed prudent, spooked with calls of 'retest of the lows,' didn't get back in when I should have. Doesn't seem that we are going back to the lows at this point. Of course, that could change.

Originally Posted by Whipsaw

Doesn't seem that we are going back to the lows at this point. Of course, that could change.

It's the open gaps (one near 2500 on S&P) that I'm worried about.

Well, it looks like my first stipulation failed! Tom, thanks for pointing out the open gaps, always a consideration. I may have a touch of FOMO?

Originally Posted by Whipsaw

Well, it looks like my first stipulation failed! Tom, thanks for pointing out the open gaps, always a consideration. I may have a touch of FOMO?

Furthermore, DWCPF (S Fund) broke below its 50-EMA. Now, it could recover by COB. But, we don't have that luxury to wait until then.

Could this be the beginning of the retest??? Hmm

D7 pointed out a SPX large bear flat, a double top and a head and shoulders reversal pattern... set up for heading south.

He also pointed out a potential bull flag depending on what happens going forward.

Futures are decidedly heading south... probably a good thing I didn't jump in... [ Ya THINK! ] sorry, I'm just talking to myself. >.<