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Thread: JTH's Account Talk

  1. #2497

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    Default Re: JTH's Account Talk

    Well, what do you think of the action today JTH? Modest rally.... do you see much more of a rally in the next few days?

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  3. #2498

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    Default Re: JTH's Account Talk

    Quote Originally Posted by Happy Trails View Post
    My position is very defensive at this point but I still expect a bit of relief today, not sure how much. Jobless claims came in below 400,000 for the first time since early April. There is more talk on the Dems side of President Obama using the 14th amendment to unilaterally raise the debt ceiling. Sounds like constitutionally, he can do this if a deal cannot be reached.
    Quote Originally Posted by jkenjohnson View Post
    Agreed. However, I am taking my 1% loss and getting out until this debt ceiling crap is over with. It is too difficult to trade in this market. August will provide me with two new IFT's and hopefully a less emotional trading atmosphere.
    I wish I was down only 1%. Got to ride it out a little longer, if I sell out now I would be looking at about 6-7%.
    May the force be with us.

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  5. #2499

    Default Re: JTH's Account Talk

    Quote Originally Posted by jkenjohnson View Post
    Agreed. However, I am taking my 1% loss and getting out until this debt ceiling crap is over with. It is too difficult to trade in this market. August will provide me with two new IFT's and hopefully a less emotional trading atmosphere.
    I can't blame you - hopefully, the rally will wait for us (I'm out until next month). Try not to watch CNBC and the politicians, it is bad for your investing health.

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  7. #2500

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    Default Re: JTH's Account Talk

    Quote Originally Posted by DakotaKid View Post
    Well, what do you think of the action today JTH? Modest rally.... do you see much more of a rally in the next few days?
    Looking across the broad indexes I see several signs of a tweezer's bottom being put into place. Today, we need to not make a lower low than the current low, and close above the previous close. If we can close above 50% of Wednesday's range, that would be a bullish clue. Regardless, anyone who takes an entry here is trading against an established downtrend.
    Retired, 55G/15C/15S/15I (Paper Trading)_ BLOG: Stats for March, Stats for Q1, 2024 Stats

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  9. #2501

    Default Re: JTH's Account Talk

    Good points jth.I believe, now that everyone is so scared about the debt ceiling not being raised, the debt ceiling will be raised. A contrarian view, if you will.There are other issues like eurozone and downgrade to us debt ratings. But most seems to be factored in now. Still a lot of fear but I think we will climb the wall of worry.
    100 G
    RSI - Relative Strength Indicator DMA - day moving average

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  11. #2502

    Default Re: JTH's Account Talk

    Quote Originally Posted by FireWeatherMet View Post
    Yeah...Whatever! What is it about misery liking company? He's got it right...you have to stay out until a debt ceiling deal is done...period. Quarterly profits, GDP numbers...praying for support at the 100 day EMA...that $hit doesn't matter for the next few days. There is no debt deal to be had...that is the only story that matters at this point. Both parties needed for it are too busy working on proposals that are meant to please their fringe extremists or core base. Each one is going to see their bill fail in the other branch. Each one needs the support of the other. Are you that naieve (or obtuse) to think that it will happen tomorrow? Maybe only if we have a real bloodbath...something in between Lehman's last day and yesterday....a 4-6% one day drop. Sending the S&P down to near 1250. That would get the liberals and the "Lipton Party" down to the table and sign off on a compromise of spending cuts and tax increases. And if I see those bloodbath numbers by the last 15 min before our trade deadline...I might go all in and get a coffee mug with Big John and a big bounce on Friday. Otherwise...this is headed for August 2nd. That's next Tuesday. For all those in the market right now, trying to justify their position, just ask yourselves...how much are you prepared to lose? Another 4-6%. For those who refused to be PIGS and had he foresight to avoid this calamity in the making for the past few months, pat yourself on the back for doing a typical JT move by playing great defense ala 1985 Bears. Bu keep the finger on the trigger fr possibly the mother of all whipsaws.p,s,Sorry if I got too rambuctious on your site JT. I had a little help (see below).http://www.souverain.com/index.cfm?m...ippingState=DEAttachment 0
    Just spoofing with the gal. Can't you recoginze sarcasm when you see it?
    I like TSPTalk and I think most people here are well-intentioned but if I followed their advice, I'd be hunkered down in my basement with a thousand cans of tuna fish.


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  13. #2503

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    Default Re: JTH's Account Talk

    I jumped all in yesterday from a 30% allocation. Now with this bounce, I'm trying to decide if I want to pull a bit off the table and protect it... I don't have any IFTs to protect for the rest of the month... decisions decisions...

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  15. #2504

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    Default Re: JTH's Account Talk

    Quote Originally Posted by clester View Post
    Still a lot of fear but I think we will climb the wall of worry.
    I happen to agree with you, though I have to keep that opinion close to the vest. There is an abundant amount of fear from the big traders the like of which I haven't seen in a long time. Everyone has an agenda...
    Retired, 55G/15C/15S/15I (Paper Trading)_ BLOG: Stats for March, Stats for Q1, 2024 Stats

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  17. #2505

    Default Re: JTH's Account Talk

    Quote Originally Posted by Happy Trails View Post
    I can't blame you - hopefully, the rally will wait for us (I'm out until next month). Try not to watch CNBC and the politicians, it is bad for your investing health.
    I watch it more for entertainment than anything. I love to watch these politician's make idiots out of themselves.

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  19. #2506

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    Default Re: JTH's Account Talk

    I do watch CNBC, it's not something I recommend for the newer investors, but if you are capable of not letting the short-term news affect your long-term views, than it's not so bad. When I was new here, a 2% down day would freak me out, then I'd watch CNBC and they'd freak me out some more, then I'd sell everything thinking the world was coming to an end. The CNBC crew can't see beyond the noses attached to their faces, if you have a deep understanding of this, than it makes it easier to filter out the noise.
    Retired, 55G/15C/15S/15I (Paper Trading)_ BLOG: Stats for March, Stats for Q1, 2024 Stats

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  21. #2507

    Default Re: JTH's Account Talk

    Quote Originally Posted by nasa1974 View Post
    I wish I was down only 1%. Got to ride it out a little longer, if I sell out now I would be looking at about 6-7%.
    I feel for you. I don't mind being down 1%, I just don't know what will happen in the next few days (maybe nothing?). I don't like all of the uncertainty.

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  23. #2508

    Default Re: JTH's Account Talk

    Quote Originally Posted by DakotaKid View Post
    I jumped all in yesterday from a 30% allocation. Now with this bounce, I'm trying to decide if I want to pull a bit off the table and protect it... I don't have any IFTs to protect for the rest of the month... decisions decisions...
    So what did you do?

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