12%ayear's Account Talk

Nice buying.....IMO we will see another rally type day. Small-caps are starting to get attention. Remember think outside the box. Through your feelings out the window and focus on making a new high for the year. We will see a breakout into the 14000s easy IMO before years end.
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Today is a big day for the USM. If is green or flat it would be a positive base for the rest of the week. If it turns red by cob...there will be more selling and a posible test of the lows.
 
Now watch how NASDAQ starts to pull out out of the gate and run. Keep your eyes on the S Fund from this point. It will run.
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12%..Please explain..if your are talking about for tomorrow, a little late for that now..but if you're talking about for the rest of the month, then there's still hope..:)
I am talking about today and tomorrow. I also stated we will have new highs before the year ends. Perfect set-up. That is why I am not moving from the S Fund. Too risky to move in and out at this stage of the game. Holiday rally will happen because many think it will not.
 
just hang tough..we will get there. NASDAQ is just resting...
look now after-hours....Huge lift-off tomorrow(no bad-.50% loss today) Merrill Names NYSE's Thain As CEO
http://biz.yahoo.com/ap/071114/merrill_thain.html That is why it is very important not to swing trade right now in this evironment. I will bet anything we will break over 14000s before years end. This is the time of year to stay postioned. Any swings and you will miss out on huge returns because we are so beaten up and everyone is negative. Easy 6%-8% pop from this levels before Dec. 31th. Mark this post!!! I will!!
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Huge lift-off tomorrowl!!

gap up in the cards likely w/ CPI at 8:30 am... if its like ppi and shows tamed inflation... the doves will be flying and I'm sure there's more squeezing and short-covering to be done this week.

1459'ish in the S&P is my bail number/stop loss.
 
Hi Fedgolfer.
Is it possible to agree with both you and 12%?
My question is WHEN will the 1459'ish be tested? How do you feel about it maybe being this coming Monday for that test - day after options expiration Friday?
I never doubted a return of more downside tests. Nor of more upside tests either. Wanna make a bet that tomorrow we break that upside 1500 test first though. How 'bout it?/take that bet? :D
VR
 
Glad I bumped this up to 40% (10s10c20i) instead of 15% last Friday.....

I went 100% G tomorrow. Great day to sell IMO. Im not buying this rally. Not yet. We need a big day of capitulation. We put in a bunch of 1-2.5% losses in consecutive days. A 4%+ down day would signal capitulation IMO. Then Im buying in 100%. A true correction is 10%.....We didnt see that. We took it down about 7%. Alot of stockpickers came out today getting their long-term holds on the cheap. I myself bought CSCO, AKAM, INAP for the long term last Friday before the relief rally today. Tomorrow should return to trend and thats DOWN.

Good sign for the Bulls thou:

I made my IFT before Noon. 100% G. I expected the market to sell-off towards the end of the day. INSTEAD IT GOT STRONGER. Breaking a trend of selling on strength.

Another argument can be made that we hit bottom on Monday when GOOG, APPL, RIMM all got toasted. Three market stalwarts were sold off heavily. No one was selling these stocks before when the markets sold-off. Thats a possible sign that a near-term bottom was put in and capitulation took place.

Lets see who gets it right ;)

I'll dip in a little tomorrow if we sell off again.
 
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