Thread: Whipsaw's Account Talk

Originally Posted by Rod

I've already shelved Pivot Point. My main dudes are The Kendall Report, Pivot Boss, and Ira.

Out of those 3, The Kendall Report will give you the most bang for your buck... or time invested.

What a Great Day! Congratulations Whipsaw! Woooo…..hooooooo…...

Best Wishes!

So I was surfing Youtube today and came across this video about the 2008 crisis. I don't know why I had never watched it maybe because like everyone I lived it. I thought I knew or had learned from this event since it affected my TSP account however I caught myself watching the whole video and listening to the mindset of the leaders back then and thinking these leaders thoughts are still in effect today i.e. Geithner, Paulson, Bernanke, Dimon etc. Some of the things said refreshed my memory and pretty much made me think "Wow if that isn't happening today and how far the market came from 2008 based on these thoughts".

I'm not quoting word for word (you can watch it if you want) but the leaders said things such: A wall of money can reduce panic and thoughts of running scared, If granted an undetermined expansive authority it would reduce the likely hood it would ever be used (but they admit it was used shortly after being granted), and Market solutions to economic problems. There are more ideas from these leaders in the video however the more I listened the more I knew why the Fed and Gov "is/will" throw everything i.e. the wall of money at the current problem in order to reduce panic during the current economic situation we are in and that IMO there is belief the current disconnect between Main and Wall street will be resolved by a I.e. a market solution to economic problems. I'm sure there will be hiccups but anything greatly impacting will just have money thrown at it and for as long as it takes. Because of that the question becomes our own personal time horizon and if we can stand staying in for a V, a Check Mark or U shaped etc market recovery, plus it is an election year.

Anyway sorry to had bored you but sometimes looking at history does the mind good and with the Fed not even giving a date they will stop printing or coming up with solutions etc makes me wonder where the market will be in 5, 10 or 20 years no matter what our debt becomes.

So if you have some time to kill: https://www.youtube.com/watch?v=QozGSS7QY_U

Great post quabit! Thanks. I need to watch that video... yes, great forces at work this year, giving many concerns for a positive outcome.

I checked out Kendall this morning, interesting approach... his commentary makes sense, I came across him several months ago, but must not have caught my attention at the time. He called out Universal Manufacturing as a buy, but when I checked it out it was trading at $0.015! No way to go but up? Its already tripled in price this morning.

I previously posted about having a stop in place for a surprise decline. Currently in the S-Fund, at about 1500; having a stop at 1400 would be a drop of 6.66%.

Seems appropriate... Which is also just above my entry from last week.

Originally Posted by Whipsaw

I previously posted about having a stop in place for a surprise decline. Currently in the S-Fund, at about 1500; having a stop at 1400 would be a drop of 6.66%.

Seems appropriate... Which is also just above my entry from last week.

There's that 6.66 again...

Rally to the close!

Originally Posted by Whipsaw

Rally to the close!

Didn't check the market all day until after close and got the nice surprise...maybe I'll do the same tomorrow! Are you still thinking 1500 for an exit point or going to let it ride out some more? My original plan on last Friday was to ride the S wave until at least the end of Thursday.

Problem is, when I punch, that's it for June. I can see the open gap getting filled, possible double top, then a downturn. I do want to see positive indications that a turn has occurred. Unlike the start of this mess, there wasn't an indication of what was to come; at this point we see several open gaps back down to the lows... they'll get filled at some point, sooner? or later? I think a day by day approach until the turn materializes, or it takes a dump and I get stopped out (my stop at this point would be around... 1430 on Dwcpf).

S-Fund appears to be at support at my stop. So, I won't be exiting at this point as the FOMC announcement is in the afternoon. I guess this begs the question, if a stop isn't followed, is it really a stop? What is a reasonable drop? Maybe tracking the nearest moving average? Ira mentioned that yesterday regarding the sochiastics dropping below 80.