Thread: Whipsaw's Account Talk

Bring it on!

Originally Posted by Whipsaw

Fasten your seat belts! This could get ugly...

A guest on Varney and Co. is saying 'buy the dip' - the Fed actions and stimulus will limit further downside... hmmmmmm

Originally Posted by Whipsaw

A guest on Varney and Co. is saying 'buy the dip' - the Fed actions and stimulus will limit further downside... hmmmmmm

I don't know Whipsaw. The market seems to be inching its way back to the positive side. Could be a sucker play where things look good when the IFT is submitted, only to have it shoot back to green after the cutoff. This market moves way to fast to get a good handle on timing it.

What ever you decide, just be careful...

Hummm.. i dunno... now all of a sudden market coming back. But.. I'm still staying out ... months from now this could be seen as good buy-in, but I just want to see more downside... no telling where it goes today, much less in the days to come... eeerkkkk

Originally Posted by Whipsaw

A guest on Varney and Co. is saying 'buy the dip' - the Fed actions and stimulus will limit further downside... hmmmmmm

I said it once and I'll say it again....CNBC and Bloomberg are MUCH better sources of financial information, with much more respected analysts being interviewed along with frequent chart work shown.

And unlike Varney's show on FBN, they do NOT have a strong political bias mixed in.

So here's an observation.

Last week, C Fund was up 3.57% for the week, this week as of yesterday, it is down 3.73%
Last week, S Fund was up 6.62% for the week, this week as of yesterday, it is down 6.38%
Last week, I Fund was up 1.94% for the week, this week as of yesterday, it is down 1.50%

I'm not reading anything into this, but it is interesting that all of last weeks gains were gone in just the first three days this week.

Yep, market is still generally trending sideways.. its weaker now, but there is no clear breakout in either direction.

Stochastic dropping and I would like to see it hit 20 before a buyin, but we shall see... I like this price level. 22K on Dow. Could it go lower? yes. Could it go up ? yes. But if thinking longer term (like 6 months out), I like a buy in around this level, but I would sure like it to drop a bit more... ...I do believe it will drop more...maybe even a lot more..so when to buy in is the question.

FWM.. calm down. Many analysts have political bias, but I dont see FBN analyst being anymore biased than MSNBC and Bloomberg. When I see that, I ignore their comments. So folks, its OK to watch Fox Business News and Varney! Susan Li... often reports market news and analysis on Varney and other FBN programs and she is very good.. Not at all political!

Originally Posted by ravensfan

I don't know Whipsaw. The market seems to be inching its way back to the positive side. Could be a sucker play where things look good when the IFT is submitted, only to have it shoot back to green after the cutoff. This market moves way to fast to get a good handle on timing it.

What ever you decide, just be careful...

C Fund closed up 1.15%, S Fund closed up 0.93%...I rest my case

So much for the market rolling over... The guy on Varny & Co. made the call.

Seems like no matter what we do we are always on the wrong side of the trade...

I posted the best fund/worst fund on my thread and will try to be a little more consistent with keeping it up to date.

100% S COB. Wish I got in on Friday, oh well. This could be my last IFT for some time...