Gegors Account Talk

[gegor1957]

Don't post much but I figured I should stop hijacking others threads out of courtesy. About me, for anyone that cares. I follow multiple premium service here, best value in the finance world I believe..."in the multitude of counselors there is safety". I have found the forum filled with some excellent insight, especially some of the chartists like JTH and Bquat, thanks for all you folks do. I tend to be better at reading the "noise" than the charts so for the chart readers I am grateful. Not sure how much I'll post or if helps anyone but a word of caution, after 15 years I am still an emotional trader so please read all with that in mind. Good luck to all.

[RealMoneyIssues]

after 15 years I am still an emotional trader so please read all with that in mind.

Aren't we all (except for BT, his BS is priceless for the B&H folks)... Good luck!!

-RMI

[gegor1957]

My biggest concern going into Tuesday is Jack Lews comment that "we will hold China accountable" referring to their Yuan manipulation after the Chinese markets closed. I have not seen Xi Jinping see a line in the sand that he hasn't crossed just to show that he is not under any foreign countries controls. I believe Jacks saber rattling may be answered once the Chinese markets reopen or shortly thereafter. IMHO

[gegor1957]

Random thoughts
7/1/07 Approx. High of previous bull market.....1526
1/1/15 Approx. High of current bull market.......2067
1921 Currently about 7% off high or 27% retracement
1860 is approx 38.2% retracement with 1797 a 50% retracement or 13% from high.
A 13% correction in a bull or an inflection point in a bear??? No clue and I have no idea if any of this will play out or if it is even accurate, just mindless ramblings for entertainment and profit.

[gegor1957]

I do not trust this market at all and until it picks a side, continuation of the bull or beginnings of the bear, I'm sitting on my hands. I'd rather miss some gains than get caught in the middle. Looking at 1988 and 2000 on the S&P for direction but with HFT a drop could be swift and dangerous. Being a retired old guy preservation is key for me.

[gegor1957]

So will we retest the August lows or was that already an extended retest of the October 2014 low with an expanded 10 months of volatility, consolidation and noise. For me the market is propped up on mergers and QE but it should be a hell of a week.

[gegor1957]

Not sure if this is the best place to post this but here goes. Does anyone have any experience with Ameriprise Financial ? My wife has a 401K with them and it seems that there is a myriad of obstacles to move funds. All her transactions have to be emailed to the adviser followed by a phone call from him and then a follow-up call from his admin. asst. to confirm before transaction takes place sometime in the next 2-14 days. I just switched her to a brokerage account so I can manage her account online for that privilege she has to pay $50 per year and $16+ per trade. Now I am trying to get them to stop putting her contributions into her old mutual fund which will cost me $16+ per week to move the money. Can't withdraw it until she retires and it doesn't make sense to stop contributions with the employer match. Question is:do others have similar issues with 401Ks or am I just not used to services outside of TSP or online brokerage accounts ?

[gegor1957]

Not sure if this is the best place to post this but here goes. Does anyone have any experience with Ameriprise Financial ? My wife has a 401K with them and it seems that there is a myriad of obstacles to move funds. All her transactions have to be emailed to the adviser followed by a phone call from him and then a follow-up call from his admin. asst. to confirm before transaction takes place sometime in the next 2-14 days. I just switched her to a brokerage account so I can manage her account online for that privilege she has to pay $50 per year and $16+ per trade. Now I am trying to get them to stop putting her contributions into her old mutual fund which will cost me $16+ per week to move the money. Can't withdraw it until she retires and it doesn't make sense to stop contributions with the employer match. Question is:do others have similar issues with 401Ks or am I just not used to services outside of TSP or online brokerage accounts ?

After switching to a brokerage account and preparing for my 1st trade on their platform it shows they actually charge $19.95 plus a $6.00 handling fee for each equity trade. Cancelled the trade, now I have to decide if it better to use the account to hold dividend stocks, mutual funds or just take the $50 hit to buy and sell an equity ? The account may not be large enough for the third option. Any opinions?

[gegor1957]

Made my first trade on my wifes Ameriprise account, bought 2000 shares of an ETF, cost $49.95 + 6.00 handling fee. The same trade in my Scottrade account costs about $7.00. Looking forward to her retirement so I can roll it into her IRA and out of their their control.

[gegor1957]

The August 31st 2011 chart going forward is eerily a mirror of the current market. Where do we go from here is the question ?

[gegor1957]

The August 31st 2011 chart going forward is eerily a mirror of the current market. Where do we go from here is the question ?

2011 or 1937

Jesse Felder's Tumblr

[FogSailing]

I agree G. I have noticed that pattern and have had the same thoughts. The difference: in 2011 we were entering a bull market and in 2016 we are entering a bear market. This week showed a a head fake on Tuesday by the smart money and they have made some bucks in Dow and SPX. Notice that the Dow and SPX are making better returns than the other indices right now. That tells me we're more bearish next week. So, I think we have to be very vigilant about reading the technical indicators, being smart about the economic calendar, and very sensitive to the news. I thought 2011 was rotten tomatoes but I think this bear market will teach me some new lessons....and I hope they aren't all painful.

Best luck to you in your investing!

FS