Thread: JTH's Account Talk

Originally Posted by Birchtree

It's still early in the day to celebrate yet - the dip buyers are probably on the way to save the day.

You may luck out with your I-Fund allocation not taking as big a hit as the other funds, but the majority won't be so lucky. Keep selling it, I'm sure eventually you'll run out of buyers...

Originally Posted by JTH

I can't help it, I advertised my IFTs well in advance, but folks only agree with me when I think the markets going up.

Gap filled...

Hah it's all good. You win some and lose some. I'm not worried about it yet. Just disappointing to lose 3% in two days.

Originally Posted by JTH

I can't help it, I advertised my IFTs well in advance, but folks only agree with me when I think the markets going up.

Gap filled...

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JTH

Thanks for the heads up, I got out with you. You saved me over 3%.

Originally Posted by JTH

I can't help it, I advertised my IFTs well in advance, but folks only agree with me when I think the markets going up.

Well done sir!

Originally Posted by JTH

Such a beautiful day to be in the G-fund for myself and Whipsaw (he's brilliant.)

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Thanks JTH!

JTH,
I only wish I had followed you out...I jumped out today and now given the size of the loss I am sure to miss Monday's bounce back...I feel like I've been whipsawed...oh wait.

Nonetheless despite my sick feeling I admire your impressive play over the last week. Congrats to you.


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Originally Posted by Intrepid_Timer

Well done sir!

Thank you, I can't help but wonder if you've noticed the same thing (as in people only agree with you on 1 direction.)

Originally Posted by gronk007

JTH,

It's too early to regret what hasn't happened on Monday, we could speculate you just saved yourself 2% by jumping out. Look at Friday 24 Jan and you can see a similar setup where Monday took additional pain. In my long-term thinking, this could have been your best play of the year.

Originally Posted by JTH

In my long-term thinking, this could have been your best play of the year.

That is a perfect last post for me to read...feel okay...learned a few things...and Sunday is my 49th birthday...going to enjoy the weekend a hope for the bottom to fall out next week so I can get back in and make up for the loss...

Thanks for all your informative posts JTH


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Originally Posted by JTH

Thank you, I can't help but wonder if you've noticed the same thing (as in people only agree with you on 1 direction.)

After last year, definitely. I mentioned in one of my commentaries awhile back that a very great year like last year would probably end up hurting most the following year, or years, because they will stay in much longer than they should. The opposite occurs after strong bearish years...............

After the a-typical fake breakout on the upper trendline, we received a nice bounce on the lower trendline.

What does this mean?

We are 41 bars into this 52 bar triangle, about 78% which is just past the average. With 3 touches on both sides it's anyone's guess as to the prevailing direction of this pattern. Since we already have the failed breakout and have quickly dropped, then using the measure rule, my guess is a price objective of 900. The azz of the triangle (left side) is 100 points in distance, take that and subtract it from a breach of the bottom triangle and that gets you to 900 (a -10% drop) as of now, it's a -5.9% drop to the 200SMA. I'm not trying to bring you bad news, I'm just reading the pattern objectively based on the current data we have to work with.

W4500
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