350zCommtech's Account Talk

[Frixxxx]

Thanks Wind,

I hope it turns out that way. The currency markets are suggesting it will.

I was pissed off last night when I found out Japan was closed. If I had known that, I would have gone 100% S fund. That's what I get for not doing my homework. I probably should have stayed in for the rest of the week, but if today turns out right, this month's return will exceed my 2%/month target. I'm playing this as a marathon.

I won't be around for the finish of today's market because I will be out on the course this afternoon.

I think your suspicions are right about the currency market

Good luck on the course, birdie a hole for me!!!!

 

[Birchtree]

I've been known to fish with grenades when I was much younger - he can do the same thing with golf balls and it's a lot safer.

 

[350zCommTech]

I think your suspicions are right about the currency market

Good luck on the course, birdie a hole for me!!!!

Thanks Frixxxx,

1 birdie coming up.

 

[350zCommTech]

Thanks Frixxxx,

1 birdie coming up.

No birdies today, unfortunately.

But the I fund made 33 cents, including an 11 cents +FV. Not as good as the S fund, but not bad considering I got screwed once again going into the I fund.

AS for the F fund, looks like I got out just in time. The bond market gave Bernanke the finger today. Bernanke's attempt to drive down yields by purchasing treasuries was a dumb idea and it might on the verge of blowing up in his face.

Even if the stock market heads down again, the F fund might not offer any meaningful gains.

 

[Frixxxx]

No birdies today, unfortunately.

But the I fund made 33 cents, including an 11 cents +FV. Not as good as the S fund, but not bad considering I got screwed once again going into the I fund......

Sounds like a "par" day..but Hey, got to love the GREEN, no matter in golf or market.

Any way...USD/JPY a little high going into tonight. Might see a good pullback at 98 or before it gets there. I pulled 200 pips this week. I made my quarter goal for Apr-Jun already and everything else is gravy. Going overseas to implement hedging strategies that disappear in the U.S. on the 15th of May in Forex. I can't believe the mentality in the states and the market right now. You'd think if they would kick everything with a little ethics, we could climb out of this hole gracefully. Instead it seems everyone is trying to rewrite economics instead.

Have a great night. I'm heavy short for the rest of the week!

 

[Frixxxx]

Sounds like a "par" day..but Hey, got to love the GREEN, no matter in golf or market.

Any way...USD/JPY a little high going into tonight. Might see a good pullback at 98 or before it gets there. I pulled 200 pips this week. I made my quarter goal for Apr-Jun already and everything else is gravy. Going overseas to implement hedging strategies that disappear in the U.S. on the 15th of May in Forex. I can't believe the mentality in the states and the market right now. You'd think if they would kick everything with a little ethics, we could climb out of this hole gracefully. Instead it seems everyone is trying to rewrite economics instead.

Have a great night. I'm heavy short for the rest of the week!

Hey, Sorry about that, had a bad fibinocci and it is was a glitch in my data chart....it was squeezing ~60 pips off my outer ranges. Thus, I was covertly short and inside this trading zone. Software is fixed....Man I missed out on a 120 pip run.....

 

[350zCommTech]

Hey, Sorry about that, had a bad fibinocci and it is was a glitch in my data chart....it was squeezing ~60 pips off my outer ranges. Thus, I was covertly short and inside this trading zone. Software is fixed....Man I missed out on a 120 pip run.....

Good news out of Japan last night caused the USD/YEN to shoot up to my next Fib. This is the area of big resistance.

 

[DCguy]

I just heard somewhere that the recent rally is caused by banks buying each other to raise the stock value as planned with the fed.

 

[Frixxxx]

I just heard somewhere that the recent rally is caused by banks buying each other to raise the stock value as planned with the fed.

Ah, young grasshopper, you might be right, but I thought there wasn't suppposed to be currency manipulation :blink:

Didn't the G20 summit decide that there wouldn't be any manipulation?:suspicious:

Oh wait, you had to manipulate in TEAMS......

 

[350zCommTech]

Ah, young grasshopper, you might be right, but I thought there wasn't suppposed to be currency manipulation :blink:

Didn't the G20 summit decide that there wouldn't be any manipulation?:suspicious:

Oh wait, you had to manipulate in TEAMS......

It was a coordinated effort.

Japan even came right out and said that they were buying stocks and ETFs.

 

[350zCommTech]

Yesterday's dip buyers that kept the NDX and TRAN from closing below their respective 20dmas, got a big screw job today. With bond yields threatening to skyrocket, the Feds had to take away the punch bowl.

Some charts that pretty much say the same thing. The TNX is at a point that might allow the market to bounce tomorrow morning, but I'm staying put in the F fund.

View attachment 6317

View attachment 6318

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View attachment 6320

 

[James48843]

Ugly, isn't it?

 

[350zCommTech]

Ugly, isn't it?

Yup, it should have bounced today. Change is in the air.

 

[Steadygain]

I'm staying put in the F fund.

Thanks for the BEARISH COMMENTS

Good to have ya back - and yes actions speak louder than words.

 

[350zCommTech]

Thanks for the BEARISH COMMENTS

Good to have ya back - and yes actions speak louder than words.

Thanks Steady.

 

[Frixxxx]

Good to see you back in the saddle my friend...

I guess the golfing has been too good to pass up??????

Forex been good to me, hope you saw this dip in the Yen, I've been waiting for it for a month now. I'm short to 93 now.

Great days and great shots!

Frixxxx

 

[350zCommTech]

Good to see you back in the saddle my friend...

I guess the golfing has been too good to pass up??????

Forex been good to me, hope you saw this dip in the Yen, I've been waiting for it for a month now. I'm short to 93 now.

Great days and great shots!

Frixxxx

Thanks Frixxx,

I've been holding shorts in USD/JPY and EUR/USD.

It's been raining here all day today. I will be out on the course tomorrow.

 

[Frixxxx]

Thanks Frixxx,

I've been holding shorts in USD/JPY and EUR/USD.

It's been raining here all day today. I will be out on the course tomorrow.

Cool, my next low is 93.73:blink: We break that, the $ is in some trouble!

 

[Minnow]

In 1923, who was?

1. President of the largest steel company in the U.S.?
2. President of the largest gas company?
3. President of the New York Stock Exchange?
4. Greatest wheat speculator?
5. President of the Bank of International Settlement?
6. Great Bear of Wall Street?

-- These men were considered some of the world's most successful in their days.

Now, 80 years later, the history book asks us, if we know what ultimately became of them.

The Answers:

1. Charles Schwab, president of the largest steel company... died a pauper.

2. Edward Hopson, president of the largest gas company... went insane.

3. Richard Whitney, President of the NYSE.. was released from prison to die at home.

4. Arthur Cooger, the greatest wheat speculator... died abroad, penniless.

5. The president of the Bank of International Settlement... shot himself.

6. Cosabee Livermore, the Great Bear of Wall Street... also committed suicide.

However, in that same year, 1923, the PGA champion and the winner of the most important tournament, the US Open, was Gene Sarazen.

What became of him?

He played golf until he was 92, died in 1999 at the age of 95. He was financially secure at the time of his death.

The moral? to hell with work... PLAY GOLF!!!

--- glad to hear from you again 350Z

 

[350zCommTech]

The moral? to hell with work... PLAY GOLF!!!

--- glad to hear from you again 350Z

Thanks Minnow.

It's a beautiful today so I'll be out hunting birdies and pars.