Thread: Rod's Account Talk

Originally Posted by squalebear

Its a Battle for Endore out there Rod, Good Luck !

Thank you... good luck to you too!

I'm poised and ready... but remaining patient.

Originally Posted by Rod

Thank you... good luck to you too!

I'm poised and ready... but remaining patient.

I've been stubborn about bailing out this month. From March until Sept.
I didn't have the patience and bailed early in the months. Now that I
found my stubborness (is that a word) I can't help but think I'm an idiot.
On Monday, I was a genius. On Wednesday a fool. But I'm sticking it out
a little longer with 15%(C) and 15%(S). The only other alternative is to
jump to (G) and wait for November.

Originally Posted by squalebear

I've been stubborn about bailing out this month. From March until Sept.
I didn't have the patience and bailed early in the months. Now that I
found my stubborness (is that a word) I can't help but think I'm an idiot.
On Monday, I was a genius. On Wednesday a fool. But I'm sticking it out
a little longer with 15%(C) and 15%(S). The only other alternative is to
jump to (G) and wait for November.

Well, if I was only in 30% I probably would have moved that to the sidelines by now. But it all depends on the individual... risk tolerance... retirement horizon... etc.

I'm now waiting for all the new lows to be tested and hold before I even consider making any moves. I'll remain in (G) as long as it takes.

Originally Posted by Rod

Well, if I was only in 30% I probably would have moved that to the sidelines by now. But it all depends on the individual... risk tolerance... retirement horizon... etc.

I'm now waiting for all the new lows to be tested and hold before I even consider making any moves. I'll remain in (G) as long as it takes.

Thanks for sharing your respected point of view. If the Futures are any
sign of what tomorrow will bring, you might just see me jump to safety
by noon. I'm thinking we'll see a turn around with the (S) leading the way.
But small caps took a poop yesterday and the (C) carried on half the gains.
If we're green by 11:30am, I might reconsider. Trust me, I'll be watching,
reading and listening to everything I can before hand. Thanks Again

Originally Posted by squalebear

Thanks for sharing your respected point of view. If the Futures are any
sign of what tomorrow will bring, you might just see me jump to safety
by noon. I'm thinking we'll see a turn around with the (S) leading the way.
But small caps took a poop yesterday and the (C) carried on half the gains.
If we're green by 11:30am, I might reconsider. Trust me, I'll be watching,
reading and listening to everything I can before hand. Thanks Again

Although we made some new closing lows today, it wasn't as bad as all of us thought it would be due to those ugly futures. When I speak of the lows being tested, I am speaking of the intraday lows, and not the closing lows.
That test can easily come to fruition next week. I'll be on the look-out to see if those intraday lows are breached, or if they are hovered above.

It's going to be an interesting week next week.

God Bless

Originally Posted by Rod

Although we made some new closing lows today, it wasn't as bad as all of us thought it would be due to those ugly futures. When I speak of the lows being tested, I am speaking of the intraday lows, and not the closing lows.
That test can easily come to fruition next week. I'll be on the look-out to see if those intraday lows are breached, or if they are hovered above.

It's going to be an interesting week next week.

God Bless

Thank you for the blessing and your thoughts. A steep drop on a intraday
basis (early) and true capitulation is what many are waiting for. In a ideal
world, this will happen on Monday, November 3rd, 2008. At approximately
11:45am we all recognize the opportunity and jump in (head first) into the
most glorious rebound in recent history, come Tuesday. Just in time for the
National Election of 2008. I can hope, can't I ?

Originally Posted by squalebear

Thank you for the blessing and your thoughts. A steep drop on a intraday
basis (early) and true capitulation is what many are waiting for. In a ideal
world, this will happen on Monday, November 3rd, 2008. At approximately
11:45am we all recognize the opportunity and jump in (head first) into the
most glorious rebound in recent history, come Tuesday. Just in time for the
National Election of 2008. I can hope, can't I ?

Yes, we can all hope. But, if we are honest with ourselves, and with the rest of the global economy, a recovery may be at least 6 months into the future.

Yes, we will have some bear rallies along the way. But, this bear is hear to stay for a little longer...IMHO.

Originally Posted by Rod

Yes, we can all hope. But, if we are honest with ourselves, and with the rest of the global economy, a recovery may be at least 6 months into the future.

Yes, we will have some bear rallies along the way. But, this bear is hear to stay for a little longer...IMHO.

I do agree. I'm not hoping for a bottom. I'm hoping for a Rally to bail on
before November. Might be wishful thinking with the way things are going.
Its gonna take many more months of Economic Woes before the Bull appears.

Originally Posted by squalebear

I do agree. I'm not hoping for a bottom. I'm hoping for a Rally to bail on
before November. Might be wishful thinking with the way things are going.
Its gonna take many more months of Economic Woes before the Bull appears.

We'll have another one of those 900+ point rallies before the bottom settles in.

So, that would be the ideal time to bail if you plan on bailing!

I will sell no rallies and buy all dips while we are in this basing pattern - accumulation is my game. I've been here before in August 1982 and what a ride that turned out to be. No one will trust any rally and that's how many will be left behind - you have to be in to win as well as play give back.

Here's a helpful map of the market and its sectors:

http://www.smartmoney.com/map-of-the-market/