Thread: JTH's Account Talk

Originally Posted by Bquat

If we close at the top no three white soldiers pattern?

Not to be picky, but the traditional pattern (as I know it) calls for the 3 candles to overlap one another. In this specific case, we have 2 concurrent runaway gaps. Now I can't speak to the gaps, this would require further investigation, but I must admit, I'm not a gap specialist.

Three White Soldiers

Originally Posted by JTH

Me

IFT EoB today from 100C to 100G

I can respect that, you followed through with a predetermined plan.

That's IFT #2 right?

You're done for Feb now.

I am thinking (I do that now and then) that SPX has some more room to run and a Oct-like scenario may play out.

ema 50 is just overhead, unlikely we will get that far today so some sideways motion could come into play coaxing more people on the sidelines to join a move upward above that resistance.

In any case during this strength we should see apparent weakness in the market leaders (and bear market indexes) before the SPX gives up the ghost.

I would really like to get out of negative territory and have some cushion (against future goofs trades)

So, wish me and others of like mind - Good Luck!

Originally Posted by FAB1

I can respect that, you followed through with a predetermined plan.

That's IFT #2 right?

You're done for Feb now.

I am thinking (I do that now and then) that SPX has some more room to run and a Oct-like scenario may play out.

ema 50 is just overhead, unlikely we will get that far today so some sideways motion could come into play coaxing more people on the sidelines to join a move upward above that resistance.

In any case during this strength we should see apparent weakness in the market leaders (and bear market indexes) before the SPX gives up the ghost.

I would really like to get out of negative territory and have some cushion (against future goofs trades)

So, wish me and others of like mind - Good Luck!

I do wish everyone the best, and I am not declaring the top is in, I just need to see more evidence, to keep me in.

I want to see SPX/W4500 establish a higher low, I think this is highly probable given the long tail up signals which where generated on the ALPAFS today.

I also want to see a continued surge of performance in the small caps, which we've seen over the past 3 days.

If we do close above the Feb highs, this should give us the momentum needed for a March rally, now that would be awesome!

Originally Posted by JTH

Not to be picky, but the traditional pattern (as I know it) calls for the 3 candles to overlap one another. In this specific case, we have 2 concurrent runaway gaps. Now I can't speak to the gaps, this would require further investigation, but I must admit, I'm not a gap specialist.

Three White Soldiers

According to that page, the following would indicate the "gaps" disqualify the recent formation.

Each of the three candles is white, tall, opens within the body of the prior candle and closes higher, with a short upper shadow (meaning each white candle closes near the high).

Originally Posted by JTH

Other great news, I'll be paying off my TSP loan this month, in one large lump sum, meaning I'll be dropping a boat-load of cash into my account all at once...

Way to go, Jason!!! Buy low and then rally as we dig our way out of this hole.

Originally Posted by ravensfan

BTW, when I saw Whipsaw cancel his IFT today because you exited, I thought we should change his ark name to mocking jay. What do you think?

I'll second that. Let Burro know. I'm sure he'll drink to that.

Originally Posted by JTH

Not to be picky, but the traditional pattern (as I know it) calls for the 3 candles to overlap one another. In this specific case, we have 2 concurrent runaway gaps. Now I can't speak to the gaps, this would require further investigation, but I must admit, I'm not a gap specialist.

Three White Soldiers

Yeah I see the gaps in the C Fund. I was looking in the S Fund not the C that you were in:

Originally Posted by FAB1

According to that page, the following would indicate the "gaps" disqualify the recent formation.

Each of the three candles is white, tall, opens within the body of the prior candle and closes higher, with a short upper shadow (meaning each white candle closes near the high).

I was looking at the wrong chart.

Originally Posted by JTH

Thanks friend and you are right, the stats are fairly low for how many days the market will close up in a row. It burned when you told me "Well you certainly have a big hole to dig out of" but you are correct, and it was also 100% my fault for not being in tune with the markets, at the time. But after finally moving into my apartment, getting my PC monitors back, and getting a regular home routine, I'm starting to align myself with the markets.

Other great news, I'll be paying off my TSP loan this month, in one large lump sum, meaning I'll be dropping a boat-load of cash into my account all at once...

JTH,
I re-read what I posted and realize that you may have found what I said to be offensive. Please accept my apology as I did not mean to offend. I am very happy for the recent gains you have made and wish you all the best in getting back into positive territory. I should have realized that losses hurt and the last thing you need to hear is someone reminding you of them. Please know I value your perspective on the market and really enjoy your charts. I also read your blogs and enjoy them as well. Again, my apologies. I did not mean to offend.

V/r
ravensfan

P.S. Congrats on paying off that TSP loan!

Originally Posted by ravensfan

JTH,
I re-read what I posted and realize that you may have found what I said to be offensive. Please accept my apology as I did not mean to offend. I am very happy for the recent gains you have made and wish you all the best in getting back into positive territory. I should have realized that losses hurt and the last thing you need to hear is someone reminding you of them. Please know I value your perspective on the market and really enjoy your charts. I also read your blogs and enjoy them as well. Again, my apologies. I did not mean to offend.

V/r
ravensfan

P.S. Congrats on paying off that TSP loan!

another opinion...

when i read your post, i also thought it could be misinterpreted, out of context. but, you are not a mean or gloating person, and it is an honest observation. also jth is a big boy and has utmost integrity and appreciation for truth. one cannot solve a difficulty without first being brutally honest with themselves about the nature and scope of the difficulty.

not speaking for anybody but myself here, but i did not take offense and i doubt anybody else did either. if there is one person on this entire board that i believe can deliberately trade out of a hole, it is jth. and i'm sure he has even more confidence in himself that we do. that is a good thing.

Thanks burro!!!