Thread: Whipsaw's Account Talk

I think it's more of a self fulfilling prophecy thing. People believe it so we act in such a way that it happens.


The gap downs get filled because the market eventually recovers and overtakes it. As for gap ups they may never get filled if we don't sink back down to those levels. I'm sure you can find some somewhere if you look back long enough -- maybe back to the Great Depression.

Futures are UP!

Nice pop on the open!

Originally Posted by Whipsaw

Nice pop on the open!

I'm keeping my moth shut today!

A couple of things... Kendall has been talking about weakness over the next 5 days, still, his long position put in several weeks ago (I wish I knew about that) is still in play, no sell signal on that. When I listed to Ira previously, it was the morning report which was mostly commodities... his evening report has more equities market analysis... he mentioned that he tracks the 18 day EMA, if trading drops below that its an exit signal. Sooooooo... that said, I'm still in, and in line with both. Bollinger bands are contracting, so a big move up, or down, looms. The Slow Stoch is moving up, and must get into the oversold area (normally an exit), unless it embeds in which case the market keeps climbing (another tidbit that escaped me, along with the run up 3 weeks ago). I'm done contemplating my navel, for now.

Futures are UP!

AAII less than 25% bullish. NAIIM nobody shorting. Sounds like a good recipe for more upside.

Originally Posted by Whipsaw

... When I listened to Ira [Epstein] previously....... he mentioned that he tracks the 18 day EMA, if trading drops below that its an exit signal. Sooooooo... that said, I'm still in, and in line with both. Bollinger bands are contracting, so a big move up, or down, looms. The Slow Stoch is moving up, and must get into the oversold area (normally an exit), unless it embeds in which case the market keeps climbing (another tidbit that escaped me, along with the run up 3 weeks ago). I'm done contemplating my navel, for now.

Now I must say, I had a laugh just thinking about you contemplating your "navel"!! I think I've only done that a few times!! !

Regarding Ira, I like to listen to him and get a lot out of his comments! He always says he thinks the pros take money off the table the FIRST time Price hits the upper Bollinger Band. So he expects a little pullback. But if rally is strong it will continue on its path. He considers the trend Up to be "embedded" if there are 3 days in a row when both the K and D lines of the Slow Stochastic are above 80. A down trend can also "embed" if the K and D lines on Stochastic are both below 20 for 3 days in a row.

When price pulls back from either the upper or lower Bollinger band, he believes that it often will move back towards the 18-day MA, which he refers to it as "the line in the sand" and where price will move towards. But he also looks at the 100-day and 200-day MAs for possible resistance or support if they are in the area. It also appears he believes tge outter Bollinger bands also serve as resistance, as he says price will tend to stay within them 95% of the time.

I have yet to figure how he trades the information he provides in his videos. I am very curious about that and may take his charting course and subscribe for a time. I think he's very knowledgeable! It seems that once price us embedded, one could jump in but not sure how long it would be a good buy in especially during volatile times.

Best Wishes to you and Everyone* on Your Investments!!!!!

Futures are up, a solid day and I'll be positive since my last entry. Only 25% to go to get back to 0. :-/

Off to the g fund, this will likely put me on the bottom of the tracker. Oh well. A few days... see what comes... the bottom better fall out of this *^%#&^$% tomorrow!

I really didn't want to look... I was wrong, I'm only #4 from the bottom...

On the bright side (there's always a bright side ) RSOTC posted sell signals on today's action, for those with serious
confirmation bias addictions. https://rightsideofthechart.com/qqq-...als-triggered/
Futures are down, but not much, this may get me an opportunity to get in lower and grab some upside, assuming I grab some bottom first.