Thread: JTH's Account Talk

Originally Posted by JTH

IMHO the S&P 500 is going to establish a higher range from 712-723

You meant the $EMW Wilshire 4500 Completion Index (S Fund), right?

P.S. I am jealous of your coffee mug.

I own several trains and train related companies - it looks like it's time to boost those positions. I believe coal exports are going to increase substantially to Asia - already iron ore exports are up in Australia and the Chinese and India need coal to fire their electricity demand.

Gotcha but not by much - now I need to quietly and gently pull away and pierce the top 50 rankings. Currently at #72.

Good morning

Sorry, I've been busy and haven't had anything of merit to post. For some time now I've been watching the rising wedge in AGG and over the last few days we've seen a substantial downslide. This type of action is great if your looking for confirmation of the upside in stocks.

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MORE upside MORE upside.

This is where the money is made, the only thing worse than the fear of losing money is the fear of making money. Some folks think it's time for a pullback, I don't and neither do the statisticians, we have already laid the foundation to break through the previous year-to-date highs, all we need now, is you (the chaser) to jump in and take us to the next level.

Check out the 1 minute chart, the last 15 minutes surged through the day's resistance, buyers stepped in for tomorrow's action.

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I am really not caring for the recent behavior in this market, with the trigger of a bear flag, we appear to be in for a test of the 1412 swing low, if it doesn't hold, then ultimately we may break below the 1400 December low, if that happens we are not going to like it.

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Now that should scare the frost off of a few I funders.

Originally Posted by Birchtree

Now that should scare the frost off of a few I funders.

Those I-Funders are a rebellious bunch, they go big or go home. I'm in, not because I want to be, but because it's where I should be. W4500 channel suggest we are due for a bounce, I need me some Fiscal resolution rumors...

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Originally Posted by JTH

I am really not caring for the recent behavior in this market, with the trigger of a bear flag, we appear to be in for a test of the 1412 swing low, if it doesn't hold, then ultimately we may break below the 1400 December low, if that happens we are not going to like it.

With zero IFTs what's the point of being right if you can't do anything about it...

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SPX Hourly uptrend is now an outside trend.

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