Thread: Sensei's account talk

market is showing mixed signals atm, but if anything's a good sign, both the IYT and SPX bounced off the lower bollinger with conviction. buyers are starting to show up and become more aggressive buying the dips, the bulls aren't gone yet. with that said, the bulls and bears neither seem to have the advantage right now, it's a little tug-o-war battle

Originally Posted by Sensei

Anybody else think we're looking at a head & shoulders?

Attachment 20144

Maybe if you can get 1423ish and a retrace down. I'm showing a decending triangle with flat bottom. Bearish maybe? Orange 13 day not supported and we closed below the 20 day. But sometimes I'm the contrarian. What you think?

Originally Posted by Sensei

Haha! PessOptimist-san, you don't need to add "san" to "sensei", because you are already respecting me with that title.


10-4 on the bandwidth. Makes sense. But as for the plug into wall deal, take a look for yourself at their website. I don't understand it either.
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Hai Sensei. I never professed to be able to speak or understand the language. I only tried to figure out what to eat other than okono miyaki at the Fukuoka train station once we moved to Tsu Shima. Found a fast food joint, mochigomi instead of fries but it kept me alive and under the all other Japan per diem rate. I love sticky rice to this day.

I will try to go to that web site and figure out this plug in to the wall thing.

Thanks for all your investment inputs. Too bad, I never follow anyones advice.

PO

Originally Posted by PessOptimist

Hai Sensei. I never professed to be able to speak or understand the language. I only tried to figure out what to eat other than okono miyaki at the Fukuoka train station once we moved to Tsu Shima. Found a fast food joint, mochigomi instead of fries but it kept me alive and under the all other Japan per diem rate. I love sticky rice to this day.

I will try to go to that web site and figure out this plug in to the wall thing.

Thanks for all your investment inputs. Too bad, I never follow anyones advice.

PO

Tsu Shima? Is that the island between Japan & Korea, or is there a place in Fukuoka with the same name? I love FUK (that's the airport abbreviation!). We're going to visit during winter break. Were you there as a gov. employee, or otherwise employed? The only bases we have that I know of in the area are Sasebo and Iwakuni. I'd love to live up there some day.

Here's what I'm thinking, and please correct me if I'm wrong. My prediction is a "bull flag" in the VIX, which would ultimately end in higher volatility and probably a drop in stock prices. But I think it's a few days off, as the flag/pennant needs to drop down a little. Maybe 2-3 days of gains ahead, then step aside.
VIX 2012_09_05.png

i was thinking something along those lines. the market probably has one more oomph in it (likely a news driven one tomorrow thanks to draghi), then pullback.

futures are up a little bit. the russell 2000 though is showing a breakout pattern than held today, who knows. I'm always cautious dealing with September though. Also with that RUT breakout, it could be a breakout failure if it closes below 820, so it's on the fence still.

my system would trigger sell if S&P fails 1400 resistance / RUT fails to hold breakout of 820

I hope you guys are right, I hit the G fund last Friday on a call from a paid site (not here). They are saying just what you are, man I hope they're right. I'm giving it 3 months to see if it's worth it, after that I'm saying screw all this needless headaches, lost sleep, money, patience. I'll throw it all in and ride, I'd be up waaaaaay more last year and this year.

Originally Posted by JamesE

I hope you guys are right, I hit the G fund last Friday on a call from a paid site (not here). They are saying just what you are, man I hope they're right. I'm giving it 3 months to see if it's worth it, after that I'm saying screw all this needless headaches, lost sleep, money, patience. I'll throw it all in and ride, I'd be up waaaaaay more last year and this year.

My suggestion is to quit the paid service and do it yourself. Don't follow any system just consider others ideas but follow your own gut and analysis. You just have to get the emotion out and think contrarian.

Originally Posted by Sensei

Tsu Shima? Is that the island between Japan & Korea, or is there a place in Fukuoka with the same name? I love FUK (that's the airport abbreviation!). We're going to visit during winter break. Were you there as a gov. employee, or otherwise employed? The only bases we have that I know of in the area are Sasebo and Iwakuni. I'd love to live up there some day.

Once I got started I found my reply is going to be long. So I will just answer your questions. Yes, the island, probably, active duty USAF and correct assuming Sasebo and Iwakuni are still open. During this time there was a small MAC Detachment at Itazuke AB. AKA FUK.

Going to take my loooooong reply to my own home. If I can find it.

Once again thanks for your conversations about what to do TSPwise.

PO

Anyone here think we might be forming the head of an H&S?

SPX 2012_09_10.png

I think we could still drift higher, but hovering outside the upper bollinger band for 3 days makes me very worried, as that type of action has only been met with a smack down over the last year. I reallocated to the following:

25 G
25 F
25 C
25 S

Terrible lack of conviction, I know. Sue me.