Thread: Tsunami's Account Talk

Originally Posted by Tsunami

Being on travel this week, I'm having an easy time ignoring all the news and crash predictions, which I think is a good thing for now. I'm getting more confident that the S&P will now just crawl along the upper keltner band as it likes to do once it makes contact with it...and it just got there today like a magnet (3rd chart: // www.TTheory.com Public Chart List // - Paula M Burke - Public ChartList - StockCharts.com ) That might continue until it reaches about 2200 in mid-December. Then that should be it for this short-covering rally, then "they" can nestle it down to a year-end close at 2135 per Craig Johnson's prediction.

A small sideways wave 4 triangle will interrupt the climb soon, but with only one more IFT I won't worry about it since by the end of the month the market ought to be higher than it is now. That's my 2 cents anyway.

Following in your footsteps TS, except I decided to go 40% C Fund and 60% S Fund with my first IFT for Nov this morning.

Originally Posted by ravensfan

Following in your footsteps TS, except I decided to go 40% C Fund and 60% S Fund with my first IFT for Nov this morning.

Hmm, well at least I have someone to go down in flames with me LOL. I'm nervous about my move and need to see a rebound tomorrow to quiet my concerns.

Originally Posted by Tsunami

Hmm, well at least I have someone to go down in flames with me LOL. I'm nervous about my move and need to see a rebound tomorrow to quiet my concerns.

As you stated previously; "A small sideways wave 4 triangle will interrupt the climb soon, but with only one more IFT I won't worry about it since by the end of the month the market ought to be higher than it is now. That's my 2 cents anyway."

With that said, I'm not worried...

Ok yall have me a bit spooked...posts..955and 959...Norman Trader. Eeeek

Hmm....

The Most Important Chart You've Never Seen: Tax Receipts Top-Tick The Stock Market | Zero Hedge

Originally Posted by Tsunami

I don't know of any Wall Street guy that's been more accurate the last few years with year-end predictions that Craig Johnson, and he's sticking to 2135 for this year and has a preliminary target of 2350 for 2016.

Craig Johnson: Secular Bull Market Is Alive and Well; The End Is Not Nigh | FS Staff | FINANCIAL SENSE

From the linked article on Craig Johnson: ""Our official year-end price objective for the S&P 500 is 2135. I would say that the number we had previously, 2350, is a number that could be achieved perhaps next year. "

Does that mean to say he originally predicted the year 2015 would close at 2350 vice his current forecast of 2135?

Originally Posted by DreamboatAnnie

Ok yall have me a bit spooked...posts..955and 959...Norman Trader. Eeeek

Don't be too concerned DBA. I still think that will be the trend BUT as always my timing has a lot to be desired. What makes logical sense and what makes market sense are TWO ENTIRELY different things. I think by Friday we'll know better how to play this thing. It looks to me like a lot of people are buying into the market right now for the holiday benefit. Maybe that is puffing the market up. If so, it could last a bit before the balloon deflates. That's just my speculation because even though the news has been reasonably good, some other ingredient seems to be keeping the market not just buoyant but growing. Good luck to you in your investing.

FS

Originally Posted by Warrenlm

From the linked article on Craig Johnson: ""Our official year-end price objective for the S&P 500 is 2135. I would say that the number we had previously, 2350, is a number that could be achieved perhaps next year. "

Does that mean to say he originally predicted the year 2015 would close at 2350 vice his current forecast of 2135?

Yeah, I think he did have 2350 a year ago then cut his forecast...

Looks like all systems are go for this rally to continue...my target is 2200 on 12/14/15....then the Fed raises rates a couple days later and tanks the market...

http://i.imgur.com/B9tbrtd.jpg

Hmm, maybe we could even get Fed-induced a "flash crash", oh boy....

JPMorgan

No worries yet despite today's red ink.... today looks like the bottom of a wave 4, next up is a run to the upper 2100s...

"The recent 6 weeks up were stairs that didn't overlap or even test a key MA. That's not like a 5 week up in a major top pattern."

https://twitter.com/ukarlewitz

More importantly, my Cougars are bowl eligible for only the 2nd time since 2003...next victim UCLA? One of my favorite meals at the dorm dining hall in college was Bruin Burgers before a big game. Hmm, that brings back memories of this big goal line stand against Troy Aikman....as called by Keith Jackson, one of WSU's greatest alumni.

https://www.youtube.com/watch?v=qqzIc4AU5ZU

Hi TS. I've been expecting it for a week. It got my attention when we broke below 2084 but I was glad to see 2070 (actually 2068.xx and I hope that isn't a problems for tomorrow) act as a pivot.

I'm hoping that you are right and that todays action completes wave 4 and now it's off to the races..

Here's the headline for you. Congrats to the Cougs!: WSU Cougars catch a break on Dom Williams TD, rally to beat ASU Sun Devils | The Seattle Times

FS

I like your optimism TS. I lost my nerve in August and ended up with a 4.62% loss. I learned a costly lesson and will stand pat this time.