Thread: JTH's Account Talk

JTH, your in a good spot. I road this market all the way down. Now I have to stay put and ride it back to where I started this train ride at the beginning of the year. I just hope I can make it back to even. I don't expect to hit my high point for the year.

JTH....Price action certainly looked better today, but it wasn't enough to push me into these markets. Such a shame that I'll have to settle with the F-Fund's table scraps but .76% in 8 days ain't nothing to complain about. Under normal circumstances I would already jumped in, but with the recent extensive damage we've seen, I'd rather take a conservative approach and wait for a higher low to be defined.

Attachment 30742

EMW popped to 984 this morning, above 38% retracement. Time to embrace this rally ??

Yes, markets look strong today, we also put in a higher low on the .25% box $EMW, it's sad for me, I won't be chasing today's price action.

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I believe that them there transports are blazing the trail today - that's definitely positive.

VIX has some gaps at ~18 and ~24. It will fill those again prior to Nov elections, IMHO. You may have a strong chance to buy again. Upward trend in indices may last until the ~13'ish range on the VIX tho -- a small gap fill may happen there before a solid downturn (less of chance than those bigger gaps previously mentioned). GL JTH, you're about the only one I read anymore on here.

Originally Posted by fedgolfer

VIX has some gaps at ~18 and ~24. It will fill those again prior to Nov elections, IMHO. You may have a strong chance to buy again. Upward trend in indices may last until the ~13'ish range on the VIX tho -- a small gap fill may happen there before a solid downturn (less of chance than those bigger gaps previously mentioned). GL JTH, you're about the only one I read anymore on here.

You may have lost some selfconfidence - we all experience those emotions at some point.

Originally Posted by fedgolfer

VIX has some gaps at ~18 and ~24. It will fill those again prior to Nov elections, IMHO. You may have a strong chance to buy again. Upward trend in indices may last until the ~13'ish range on the VIX tho -- a small gap fill may happen there before a solid downturn (less of chance than those bigger gaps previously mentioned). GL JTH, you're about the only one I read anymore on here.

Thanks, it's good to see you drop in, and I'm glad you mentioned the VIX, I don't always track it unless I believe the fear is legitimate, on the weekly chart we can see recent fear levels breaching all the way back to the end of 2011. I don't know what it means, but I find it hard to believe we won't revisit some levels again.

Attachment 30760

Originally Posted by fedgolfer

VIX has some gaps at ~18 and ~24. It will fill those again prior to Nov elections, IMHO. You may have a strong chance to buy again. Upward trend in indices may last until the ~13'ish range on the VIX tho -- a small gap fill may happen there before a solid downturn (less of chance than those bigger gaps previously mentioned). GL JTH, you're about the only one I read anymore on here.

VIX Has Never Done This Before... Ever

Alright, not that anyone's willing to listen and after my last failed buy signal I don't blame you. Another system I have triggered a sell today, but a sell signal in a bull market is usually less reliable, so take that for what it's worth...

Originally Posted by JTH

Alright, not that anyone's willing to listen and after my last failed buy signal I don't blame you. Another system I have triggered a sell today, but a sell signal in a bull market is usually less reliable, so take that for what it's worth...

I was thinking of selling tomorrow anyway. Check the chart I have in my thread.

Originally Posted by JTH

VIX Has Never Done This Before... Ever

Here's a good URL you can bookmark on your phone and see The recent VIX gaps and buys (reversal tails outside the upper bollinger)