12%ayear's Account Talk

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12%ayear said:
+150 since I posted this!! Bought a ton of QQQQs and QIDs. We will close green today:);) Watch for a huge lift today triple digits gains...easy money!!
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Shorts are covering, this squeeze is just the start. Watch for the 10,600s before year end.
 
What happened today? I dont understand the reason for the marked turn-around. Not that I am unhappy to see it ...

Is this the market floor we've all been waiting for?
 
Dr Faustus said:
What happened today? I dont understand the reason for the marked turn-around. Not that I am unhappy to see it ...

Is this the market floor we've all been waiting for?
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Extremely oversold, high volume capitulation, short-covering rally, at the bottom of a trading range. Look for follow-through Friday, and maybe into next week as fear of missing the rally kicks in, but this is just a pause in the downside action in my opinion. The 1005 (resistance) to 1026 (declining 50 dma) should be where any rally runs out of steam. It could be playable but the moves are quick and tough to trade in our TSP with midday deadlines and trading limits. :rolleyes:
 
12%ayear said:
Watch for the 10,600s before year end.
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I think an easier prediction to verify would be to watch for a turd to come out of my butt before days end.

Congrats on the money made today. I stood by a friend at work today totally jealous, he cancelled his transaction at 2:59 pm since he moved his money to a mutual fund. If only we could do the same.....
 
Love the small-caps at these levels.[/QUOTE said:
Me too...

My TNA was up around 26% today. http://finance.yahoo.com/q?s=TNA I have 747 shares and will hold for now.

Down after hours....

The TSP Bear Market Cheerleaders are calling for 750 in the S&P soon. Maybe it will happpen, but I'll take another Bear Market Rally for now. The chart slaves will see the bounce off support and issue buy signals today - which might give us some follow thru. The Bears will add additional shorts - the doom and gloom crowd will find reasons why this is a suckers rally - others will tell you why this rally will fail. However, for me I'm still playing by Bear Market rules... and watch in amazement as folks on this board sell close to the bottom.


Nice to see you posting again, but you will not find many Bulls in these threads. I just trade it and Bear Market rallies are so sweet when you can catch-em....

Bottom Line: Bear Market rallies are tough to play with the new rules, and that's why we all need to get Roth IRA's

Again, nice to see you posting again 12%....Take Care!


I just looked over some comments in your thread and have determined - Take Care posting Bullish comments these days... ha... Just roll with it - the Bears will get another sell-off soon and they will be happy again.
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ATCJeff said:
what about all the bad calls?

Eventually a blind squirrel will find an acorn!
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Agreed. I love how some people disappear when the markets down, then come back when the market makes a big jump saying how great they are. I notice 12's big prediction didn't come until the DOW hit 8000. We all know that is a major support level. Too bad he didn't tell us BEFORE out deadline huh? My question is, when is the next big move down? Or is it going straight to 10000? Pray tell please. Preferrably BEFORE our deadline. Oh wait, when you leave for awhile I guess that's when we ARE suppose to know it's headed down right? ;)
 
Dr Faustus said:
What happened today? I dont understand the reason for the marked turn-around. Not that I am unhappy to see it ...

Is this the market floor we've all been waiting for?
Click to expand...


An opinion on this I read at xTrends from a blogger and some words from the True Contrarian. You will not hear this on CNBC and can't get this data from the chart slaves....

Now, these comments are also just opinions - but make more sense then most of the ones I hear when I unmute CNBC....

Sorry 12% - I'm leaving your thread and headed to Birchtree's or maybe Bullitt's thread. Will we sell-off tomorrow after this big rally? I have know idea folks....

Take Care!

http://truecontrarian.com/


For those who still are waiting for the exact bottom, please read..

The whales Atilla mentioned is not average Joe and they know what they are doing.. They use the short term sentiments of investors to buy into their investment accounts

Enjoy the reading

For example, when the Dow average advances after a major bottom has been established in the market and then moves back down to that bottom for a second (or third) time, the investor is always told that “the market is testing it’s bottom.” This is an absurd idea for an operation in which the short sale has been employed to halt the advance caused by public demand for the stock at wholesale price levels.

The public, in other words, has moved into the market to soon and had acquired stocks that, in the opinion of the Exchange “rightfully” belonged to insiders. As prices rise, selling short to supply public demand halts the advance. Then once demand falls off, prices are pulled back down to wholesale price levels and investors are told, “the market is testing its bottom.” In the course of this decline specialists are able to
do two things:

1) Shake out investors who fear the market
may again go lower.

2) Accumulate additional inventories of stock for a second set of investment accounts.

Public selling at the bottom is what enables the specialist to employ his short covering operations. These transactions then serve to halt the decline. Thus we see that another major function of the short sale is that it enables specialists to absorb public selling in the course of a decline and to halt it at a predetermined price level.

When public selling has exhausted the covering potentials of the specialist’s short sales, specialists purchase the additional stock being sold by the public for their own accounts before taking prices up. Thus, the short sale instrument allows the specialist to control stock prices in much the same way as you control an elevator, advances can be halted and declines begun with short selling, while declines can be halted and advances begun with short covering.


Some more thoughts on this subject:

The markets will always act in the way which will only enable those who are able to endure the most pain to enjoy the most gain.

That is one reason that the financial markets usually form bottoming patterns of higher lows and topping patterns of lower highs.

If the market were to make meaningfully lower lows when forming a major bottom, this activity would reward those who panicked in the initial collapse, or those who were forced to sell. The market will rarely reward emotional or poorly capitalized investors.

If the market were to never make lower lows, then it would reward those who blindly use charting strategies. There have to be enough people who scream “downside breakout” at any false breakout, to keep the market honest. Therefore, there will often be “teaser” lows that are just depressed enough to encourage chart slaves to bail out just when they should be heavily buying.

If the market were to make substantially lower lows after insiders had been heavily buying, this would punish the rich and reward the middle class. Since the financial markets exist to transfer money from the middle classes to the wealthy, such a situation rarely occurs.

If a simplistic strategy such as a momentum play or any other “easy” approach were to be successful, so many people would learn it that it would become too popular, and then the financial markets would have to ensure that it would fail in order to never permit any significant percentage of people to succeed with any given strategy. Therefore, any period in which the market is moving several days in any given direction will inevitably be followed by a sharp move in exactly the opposite direction, to force such players to hit their stops before the market can then resume its move in the direction it originally wanted to go.

Psychologically, the market will always reward those who buy when it is most painful to buy, and who will sell when it is most emotionally difficult to sell. That is why so few people buy low and sell high: even if they know they should be doing so, they cannot bring themselves to do the exact opposite of what the mainstream media is telling them to do day after day, hour after hour, minute after minute.


http://truecontrarian.com/
 
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08-20-2008, 09:07 AM
12%ayear said:
From this point on , I see the I FUND becoming the leader based on value.Just my 2 cents///good luck
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posted on 10-01-2008, 06:58 AM
12%ayear said:
Get ready for some super rallies. We will see 12000 before 10000.
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posted on 10-13-2008, 05:05 AM
12%ayear said:
mother of all short squeezes .....we will be back over 10,000 this week:)
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I could go on and on.

I guess you forgot to say the I fund would be the leader down.
Great call on October 1st, 12. Worst month ever for TSP.
When will we hit 10,000?

Craw back into your hole. Were here discussing serious business. Anyone can make predictions.
 
ATCJeff said:
08-20-2008, 09:07 AM


posted on 10-01-2008, 06:58 AM


posted on 10-13-2008, 05:05 AM


I could go on and on.

I guess you forgot to say the I fund would be the leader down.
Great call on October 1st, 12. Worst month ever for TSP.
When will we hit 10,000?

Craw back into your hole. Were here discussing serious business. Anyone can make predictions.
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I see I have found a stalker. Blah, Blah, Blah. Don't you have more important things to do than follow me around. I have not posted in a month because I can care less. I have a life and I guess you don't. Try keeping the airways clean rather than trying to break my balls. It will not work because I have thick skin. You can have all your fans try to join in and trash me. Big ****!!! Remember this is not real,it is a friggin chat room BTW, this is the last time I will respond to your nonsense. **** off For you.. http://www.youtube.com/watch?v=eyO-bWGxWBU
 
Intrepid_Investor said:
Agreed. I love how some people disappear when the markets down, then come back when the market makes a big jump saying how great they are. I notice 12's big prediction didn't come until the DOW hit 8000. We all know that is a major support level. Too bad he didn't tell us BEFORE out deadline huh? My question is, when is the next big move down? Or is it going straight to 10000? Pray tell please. Preferrably BEFORE our deadline. Oh wait, when you leave for awhile I guess that's when we ARE suppose to know it's headed down right? ;)
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Dude, he is the one who started this bullshit. I am posting in my own thread minding my business.
 
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