Thread: JTH's Account Talk

IFT 100% G-Fund from the I-Fund.

Reasons

Locking in profits.
Everyone's too bullish.
It's almost the end of the month, with new IFTs just around the corner.
It's a busy EOY Fiscal week for me and I don't have time to watch the markets.

Originally Posted by JTH

IFT 100% G-Fund from the I-Fund.

Reasons

Locking in profits.
Everyone's too bullish.
It's almost the end of the month, with new IFTs just around the corner.
It's a busy EOY Fiscal week for me and I don't have time to watch the markets.

I think it's a good move locking in now. I've still got 2 IFT's that I probably won't use since I missed this last rally. Oh well, better to lose IFT's than money...

This top reminds me of the top we made in April, from this point of view the top is in and the decline has begun. Perhaps it's just a typical pullback, but it does appear to be looking toppy and running out of steam. At the very least I wouldn't call this a risk/reward setup worth taking.

I get burnt every time I use "# of IFT's left" as a reason to make any type of move.

SPX 1150 on the way - then we take out the long term downtrend resistance line at 1160.
No top until we get to 1240 - then just a pause to refresh.

Originally Posted by JTH

I'm waiting for you, best bail now...

Pigs get slaughtered

Sold my GE 11% profit.

My precious metals position is up 18%, so I've scaled back 1/4.

My precious metals position is up 31%, so I've scaled back another 1/4.

My GE position was awesome and I'm currently sitting on it (bought a new sofa)

Now you know why I own furniture stocks. Most families will own three couches in their life time. I bought a recliner in 1974 from Lazy Boy - it's like my linus blancket. The wife on several occasions has politely recommended that I give it to the church recyclers - but I will hang tough and keep it. Even Mindylou has adopted it for herself.

Originally Posted by Birchtree

Now you know why I own furniture stocks. Most families will own three couches in their life time. I bought a recliner in 1974 from Lazy Boy - it's like my linus blancket. The wife on several occasions has politely recommended that I give it to the church recyclers - but I will hang tough and keep it. Even Mindylou has adopted it for herself.

That is some priceless stuff BT. It reminds me of my old Archie Bunker chair, I loved that thing and kept it years beyound its servicable life.

You may notice we have a previous X at the 1150 level. I'd estimate we'll meet stiff resistence here, but if we break through, it should be easy sailing to 1170 and perhaps a push to 1230.

Attachment 10026

This is indicitive of what happend the previous time the Transport's 15 minute 50MA dipped below the 200. So the question then becomes does anyone want to jump in and catch the next 10 points to 1070? I caught the last two awesome waves, had I caught this one, then I'd gander I would have proudly made an exit today. Tsk tsk you can't catch all, (well you can if you're Birch-Tree.)

Originally Posted by JTH

You may notice we have a previous X at the 1150 level. I'd estimate we'll meet stiff resistence here, but if we break through, it should be easy sailing to 1170 and perhaps a push to 1230.

Attachment 10026

It may do it by the end of October... if the wheels don't come off first.