Thread: clester's Account Talk

Originally Posted by clester

Day one in the books. Need reversal tomorrow or friday.

As we are moving down at this point, is the above mentioned reversal back up?

Originally Posted by Whipsaw

As we are moving down at this point, is the above mentioned reversal back up?

We got the bounce but we still need to make new highs to get past resistance there.

Originally Posted by clester

We got the bounce but we still need to make new highs to get past resistance there.

We reversed the reversal. I think we can now get those new highs. Expected pause at resistance which is the highs and we should now resume uptrend

Originally Posted by clester

We reversed the reversal. I think we can now get those new highs. Expected pause at resistance which is the highs and we should now resume uptrend

You know what they say, if it walks like a duck and quacks like a duck, it's a dog. That's been my biggest problem with this setup, it simply looked too good to be true.

Originally Posted by JTH

it simply looked too good to be true.

That's why I left the market on Tuesday. I'm too skeptical of this market. Ultimately the FED meeting in March, will set the pace.

Originally Posted by BichonFreeze

That's why I left the market on Tuesday. I'm too skeptical of this market. Ultimately the FED meeting in March, will set the pace.

Trying to guess market reaction to any news is very difficult. Fed, earnings, geopolitical etc.

That's why I don't play that game. Believe me I've tried. And lost most of the time.

Originally Posted by BichonFreeze

That's why I left the market on Tuesday. I'm too skeptical of this market. Ultimately the FED meeting in March, will set the pace.

Heck I was skeptical for the last half of 2013 and you know what that got me? A lost chance to make money. I was waiting and waiting for a pullback that never happened. I'm hoping I can ride this month out invested so I have both IFTs in March to use to get out and back in if need be.

That's what I'm finding since I started this new strategy in January. I've been considering going with the long run strategy of sticking with a 50/50 C/S split or 100 S, but I'd at least like to time my entry to get more shares for my dollar. According to an article on TSP millionaires I read earlier today, the long run strategy seems to be their preference.

Originally Posted by MaStA

Heck I was skeptical for the last half of 2013 and you know what that got me? A lost chance to make money. I was waiting and waiting for a pullback that never happened. I'm hoping I can ride this month out invested so I have both IFTs in March to use to get out and back in if need be.

Happened to me as well, and a lot of other people, it's tough to outperform a bull market. In my experience it also seems harder to call a top than a bottom.

had much more success trading when i stopped trying to short the market as well, but instead just waiting for good times to buy

Originally Posted by sniper

Happened to me as well, and a lot of other people, it's tough to outperform a bull market. y

This is exactly why I have my rule of staying in at least 50% stocks during Bull markets. Same is true of Bear markets. I stay out at least 50%.


The system has no warning signs but we need to get above the highs still. A failure is trouble. What constitutes a failure? I guess for my system its a drop below the 50 dma.

I am back to about even with the C fund. That makes me smile. If I can just keep it going!

Another sell for me would be an RSI over 70 but we have some room.

Market working as my system predicted. I expect new highs soon. We have some time until until the RSI gets into overbought zone and we're well above the 50DMA's.

RSI of 70 is a warning flag on S&P but S fund is up to about 80. This is just based on my past experience. Since I'm in S and I funds I'll be watching them closely.