350zCommtech's Account Talk

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Looks like traders are looking to unload anyway despite the big cut. Damn it!!!! I should have gone F fund on Friday.:mad:


F fund currently up 5 cents.
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Where are you seeing things go down/up, Z? The markets haven't opened yet, plus 20 minute delay on Yahoo TSP charts when market does open? :confused: I don't understand.
 
alevin said:
Where are you seeing things go down/up, Z? The markets haven't opened yet, plus 20 minute delay on Yahoo TSP charts when market does open? :confused: I don't understand.
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Alevin,

I look at the European markets, the currency markets, and the futures. Most of the stuff I use is real time.
 
350zCommTech said:
Yup, they lost $32.00/share and their stock is only 7$/share.:D

If they get downgraded by another rating agency, this market is toasted.
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ABK stock price has maintained its price though since the 10AM earnings announcement. Of course i'm typing this at 10:06.
 
fedgolfer said:
ABK stock price has maintained its price though since the 10AM earnings announcement. Of course i'm typing this at 10:06.
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Wow, ABK is up 33% right now.

Fedgolfer,

What are you thinking? I'm thinking the I fund is a big bargain. I think Japan is going to rally big tonight. But there is a good possibility of a +FV.

Also, if ABK gets downgraded this afternoon, during trading, we could see a -FV. Or if the downgrade comes tonight, it's going to suck tomorrow.

On the other hand, if no downgrade comes and we get good earnings from Apple, the markets will rally tomorrow.
 
... i think it has to be worth the risk to get back in... especially for you since you avoided a large chunk of the decline. from a technical perspective today serves as, at the very least, a short term capitulation point. all the stocks stuck in descending triangles, are now ascending triangles. SKF turned on a dime after being up 14% shortly after the open... now down 6%... 20% off its high of the day.

BUT, SPY closed the gap and touched fridays low and has JUST busted through. At the least don't you think today is the capitulation day similar to August's? I just got back in intraday on the TDAm acct.
 
350zCommTech said:
Wow, ABK is up 33% right now.

Fedgolfer,

What are you thinking? I'm thinking the I fund is a big bargain. I think Japan is going to rally big tonight. But there is a good possibility of a +FV.

Also, if ABK gets downgraded this afternoon, during trading, we could see a -FV. Or if the downgrade comes tonight, it's going to suck tomorrow.

On the other hand, if no downgrade comes and we get good earnings from Apple, the markets will rally tomorrow.
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I agree that the risk versus reward for the I fund for tomorrow may be worth it. Whether the international markets rise or fall, they are certainly due a bounce. The dollar should continue the downward spiral due to the cut. I think there is a greater possibility of a -FV for today versus the +. I fully expect our market to sell off in the afternoon hours. I think dumb money will be selling and smart money buying. Now, if Bush decides to take a photo op after his meeting today, you know the market will tank. It's a very, very risky 1 day play, but to me, it seems the reward would be worth it. What do I know, I've never been right before?
 
fedgolfer said:
At the least don't you think today is the capitulation day similar to August's?
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Yes, there was capitulation in Japan and the OSM markets for sure, but not really in the USM. Since the USM was off yesterday, I don't trust capitulation in the futures. But I'm only thinking about a one day move.:D

Boxholder said:
I think there is a greater possibility of a -FV for today versus the +. I fully expect our market to sell off in the afternoon hours. I think dumb money will be selling and smart money buying. Now, if Bush decides to take a photo op after his meeting today, you know the market will tank. It's a very, very risky 1 day play, but to me, it seems the reward would be worth it. What do I know, I've never been right before?
Click to expand...

I agree Boxholder. I think it's definitely worth it, but so will a lot of other TSP folks. Which means Barclay will be waiting to screw me tonight.:worried:
 
I was busy watching the real time charts. And forgot to enter my ift on the autotracker in time. I went 75 G/ 25 I ... because i don't like not being able to move intraday if i'm wrong. We need psychology to change by end of the day and close at a high though. I'm back a small chunk in aapl and not feeling to good about that either.
 
fedgolfer said:
I was busy watching the real time charts. And forgot to enter my ift on the autotracker in time. I went 75 G/ 25 I ... because i don't like not being able to move intraday if i'm wrong. We need psychology to change by end of the day and close at a high though. I'm back a small chunk in aapl and not feeling to good about that either.
Click to expand...


Were you able to catch AAPL at the 200dma? If so, then it was probably a good move.
 
vectorman said:
Shooting Star: A single day pattern that can appear in an uptrend. It opens higher, trades much higher, then closes near its open. It looks just like the Inverted Hammer except that it is bearish.

View attachment 3136

http://www.tsptalk.com/mb/showpost.php?p=144388&postcount=105
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The inverted hammer is now impossible for today. A shooting star would be good for the market but, since I went 100% I fund for tomorrow, I would like a tall white full candle, please.:)
 
hope you're right 350 :)

AAPL, SPY, EFA all testing its high for the day, if we bust through and that resistance turns to support, we could close strong. Baby steps.
 
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