12%ayear's Account Talk

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NASDAQ way overbought. Look for a pullback today.
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The market makers and big boys are waiting for all the lemons (retail crowd) to buy in first. Then drop the market and have the lemons sell back to them. It's a scam. But, you have to understand this in order to make any money.
 
The market makers and big boys are waiting for all the lemons (retail crowd) to buy in first. Then drop the market and have the lemons sell back to them. It's a scam. But, you have to understand this in order to make any money.
 
The market is looking similar to yesterday. Let's hope we do not see a large sell off like yesterday. However if it ends close to what happened yesterday I can handle a .12% profit everday. :D GL to all.
 
Hi 12%,

My figures show the S Fund is currently 2.8% ABOVE its 50 day moving average. My spreadsheets have been urging me into a larger chunk of S for 2 months now and I've been ignoring them. :mad::sick:

Luv2read says that you are a believer in the S Fund. Since you watch it closely, I was wondering if you would mind sharing your thoughts on the S Fund's current outlook. Are the credit crisis, oil prices and the resulting inflationary pressure, and other current economic conditions going to affect the S Fund run soon? Or should we be be taking a bigger position in S because there is still strength in the up trend?

What does your crystal ball say?:laugh: Many thanks in advance for your opinion!

Lady
 
12%ayear said:
The Fed done cutting, they know they have to fight oil prices and make the US DOLLAR stronger. .
Click to expand...
Posted above on April 30... The last 2 weeks were just fluff. We are in a Bear market and it will take some time to exit. Oil is not going down anytime soon. The Fed should be raising rates to improve the US DOLLAR and fight inflation. The main thing to look at is food prices. When you have higher food prices , you have serious problems in the economy. People will be cutting back on luxury goods and spending on things that are not needed. I locked my profits on May 2nd +1.38% in the S Fund, then went to the F Fund on 2nd transfer on May 5th and exited on May 8th for+ .41% and went to the G Fund for final transfer on May9th for a 3 week +.24% total ending May 31th. That comes to a GRAND TOTAL of +2.08% for the month of May. I am very happy with that. The trick is not to be greedy and lock profits. I was out of stocks and can enjoy the sidelines with a nice profit. Now I will wait for June.
 
12%ayear said:
Posted above on April 30... The last 2 weeks were just fluff. We are in a Bear market and it will take some time to exit. Oil is not going down anytime soon. The Fed should be raising rates to improve the US DOLLAR and fight inflation. The main thing to look at is food prices. When you have higher food prices , you have serious problems in the economy. People will be cutting back on luxury goods and spending on things that are not needed. I locked my profits on May 2nd +1.38% in the S Fund, then went to the F Fund on 2nd transfer on May 5th and exited on May 8th for+ .41% and went to the G Fund for final transfer on May9th for a 3 week +.24% total ending May 31th. That comes to a GRAND TOTAL of +2.08% for the month of May. I am very happy with that. The trick is not to be greedy and lock profits. I was out of stocks and can enjoy the sidelines with a nice profit. Now I will wait for June.
Click to expand...

Wow! It's good to hear from you again. Started wondering if you were on vacation. I wonder where the hell 350z and Antidoc went??

I'm with ya Bro - nothing like being on the sidelines with days like yesterday. Standard news is trying to downplay this and make today sound hopeful "Stocks Set to Rebound" - but that's not what the Markets are showing. At this point holding - but not strongly.

I went C on 5/8 to 5/20 for a 19 cent gain. My gut was telling me to exit on 5/19 (mainly my theory of not being too greedy - and selling on GREEN - which by ITF time was way up there). Had I done that I would have an extra 15 cents - so I really deserve that for 1) not following my gut and 2) for being too greedy.
 
12%ayear said:
Posted above on April 30... The last 2 weeks were just fluff. We are in a Bear market and it will take some time to exit. Oil is not going down anytime soon. The Fed should be raising rates to improve the US DOLLAR and fight inflation. The main thing to look at is food prices. When you have higher food prices , you have serious problems in the economy. People will be cutting back on luxury goods and spending on things that are not needed. I locked my profits on May 2nd +1.38% in the S Fund, then went to the F Fund on 2nd transfer on May 5th and exited on May 8th for+ .41% and went to the G Fund for final transfer on May9th for a 3 week +.24% total ending May 31th. That comes to a GRAND TOTAL of +2.08% for the month of May. I am very happy with that. The trick is not to be greedy and lock profits. I was out of stocks and can enjoy the sidelines with a nice profit. Now I will wait for June.
Click to expand...

A Men! I did the same ... made just under 2% for May. I am *very* happy with that return.
 
Downgrade hits Goldman, Lehman
Investment banks Goldman Sachs (GS), Merrill Lynch (MER) and Lehman Brothers (LEH) dropped 2% in premarket trading after analyst Dick Bove at Ladenburg Thalmann cut his ratings on the stocks to sell, citing continuing risk management problems and weakening earnings power.
Bove, who was an analyst at Punk Ziegel before Ladenburg bought the company this spring, said he believes shares of all three companies could fall 15%-20% from current levels. He points to the surge of energy prices and the decline of the dollar as symptoms of an inflation that is eroding the value of the companies’ assets

http://dailybriefing.blogs.fortune.cnn.com/2008/05/22/downgrade-hits-goldman-lehman/

Your feelings about the Markets are probably right.
 
12% or anyone who has thoughts on this:

I saved my IFTs till hitting the head on the 200 DMA, went to F, then to I for today hoping for a FV steal and a possible rebound. I have the last bailout to G available if the channel doesn't hold in the s&p. So far its working out and hopefully some of the .38 FV cushion will hold. Anyone (other than birch :)) think this market in the short-term will trade sideways or upwards? I should probably stick to my plan and go to G today and not be a pig hoping for a green candlesticks. But if oil continues its surge that means pressure on the dollar and cushion for the I fund (along with today's +.38 FV).

On a sidenote, oil is looking parabolic and DUG got some late day volume yesterday... I kinda think oil will retreat tomorrow or early next week for the short term then resume. Pickens and GS have to be distributing some here on the parabolic rise.
 
12%ayear said:
I locked my profits on May 2nd +1.38% in the S Fund, then went to the F Fund on 2nd transfer on May 5th and exited on May 8th for+ .41% and went to the G Fund for final transfer on May9th for a 3 week +.24% total ending May 31th. That comes to a GRAND TOTAL of +2.08% for the month of May. I am very happy with that. The trick is not to be greedy and lock profits. I was out of stocks and can enjoy the sidelines with a nice profit. Now I will wait for June.
Click to expand...

Nice month of profit 12% and you did all l'n 9 calender days! I'll get the hang of this new system sooner or later

Being on the sidelines is not as fun as being on the field. "Put me in coach I'm ready to play!"

~buda (waiting till June)
 
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