Thread: coolhand's Account Talk

I haven't kept up with sentiment. Has the Bearish sentiment gained enough momentum to tip us over into contrarian Bullish prices?

Originally Posted by JTH

I haven't kept up with sentiment. Has the Bearish sentiment gained enough momentum to tip us over into contrarian Bullish prices?

No. Complacency is still a problem. The decline is not being taken seriously yet.

Warning Will Robinson.

CoolHand,

I think I am going to send a tip to the programming staff at TSP!!!

I was tempted to go all in today, but cannot figure out why a Gubmint Induced Euphoria generated GDP of a decent number (3.5%) will hold.

If the market movers have been bailing for a week than it is time to sell on strength when they are smoking the good stuff.

Anyway, I don't know where the Obama Economic Top will be. At a 20% discount (1240), a 25% discount (1165), or a 30% discount (1090). Why should the market be priced to a bubble under an environment of increasing taxes and regulation. But, why should the market be priced to a crash and panic.

So, for me, it is time to reduce risk but keep some arrows flying at the two birds in the sky

Originally Posted by Boghie

CoolHand,

I think I am going to send a tip to the programming staff at TSP!!!

I was tempted to go all in today, but cannot figure out why a Gubmint Induced Euphoria generated GDP of a decent number (3.5%) will hold.

If the market movers have been bailing for a week than it is time to sell on strength when they are smoking the good stuff.

Anyway, I don't know where the Obama Economic Top will be. At a 20% discount (1240), a 25% discount (1165), or a 30% discount (1090). Why should the market be priced to a bubble under an environment of increasing taxes and regulation. But, why should the market be priced to a crash and panic.

So, for me, it is time to reduce risk but keep some arrows flying at the two birds in the sky

In line with your post, stories like this are usually contrarian indicators.

http://finance.yahoo.com/news/Econom....html?x=0&.v=5

CH...

Think if the dollar keeps tanking, that the Euro snobs will be jetting over here to go on shopping sprees? Could be a good time to make some retail plays, huh?

I shouldn't have sold my AEO yesterday - but I'll buy it back and double my original position.

Originally Posted by fedgolfer

CH...

Think if the dollar keeps tanking, that the Euro snobs will be jetting over here to go on shopping sprees? Could be a good time to make some retail plays, huh?

I see them all the time here in Orlando. Is it enough? Or will sentiment be the deciding factor? Goods news rewarded or punished? Tough call after this bull run. I can't see past the next day right now.

after that clear out, I can see some overhead resistance on the 15 and 30 min charts... nothing too meaningful on the daily... probably pretty quick as was the case in 10/5 thru 10/19. But I haven't been too accurate on the short-term... the intermediate though, I've been seeing it crystal clear. i'm going to need the help of the smarter tsp'ers to knock off the rose colored glasses though... I admit that weakness!

Keep in mind that the role of a bull market is to keep you out all the way up until the top.

Originally Posted by Birchtree

Keep in mind that the role of a bull market is to keep you out all the way up until the top.

And the role of the bear is to keep you in all the way to the bottom. Right BT?

Yes, that's absolutely right.