ATCJeff's Account Talk

too far, too fast

First move of the month, 100% G. Will reenter on a slight pullback to the 900 level.

Jeff
 
ATCJeff,

You've been one of the guys I use the autotracker for... never seem to make an emotional move. I'd like to think your IFT today, isn't chasing, but maybe something you're seeing in TA or just your gut? I remember a while back you said 1004 was an exit point you initially were trying for a couple IFTs ago. Are you thinking the breakout of the inverted H&S will continue and maybe even reverse the S&P chart from Sept'08 fallout?
 
... Birchy, how could anyone miss "symmetry" between the "snorts"? :)

Oh, and I do agree with you that the big boys want any additional breakout to appear like its on low volume and not a meritorious bull move. They don't want as little as possible participating and as many as possible chasing at the end.
 
Moving to safety. Monday may still see a little upside since it's the last day of the month, however I expect next week to end way down! Be safe.
 
back to 100%G. spx is at 1035.. my target for august..

I hope were both right. I always tell myself not to get greedy, though it's tough when you see people 10-15% higher in the tracker. I don't count people that haven't been in since the first of the year! Especialy since Jan & Feb were tough months.
 
Looks like the f fund did me well the last few days. WishedI had gone 100% instead of 50%.

Now I want to see 1050-1100 soon.

Jeff
 
Yes, Go Tech!

Now what to do for the rest of the month? I'm sitting at ~2.5%(16.50% ytd) up for September and every bone in my body tells me to run to the G and not get greedy. But three and a half weeks sitting in the G sounds like an eternity. I still think the S&P can reach 1035 again which is another 2%. What to do? Only 1 IFT remaining. I'm open for suggestions.:confused:
 
Yes, Go Tech!

Now what to do for the rest of the month? I'm sitting at ~2.5%(16.50% ytd) up for September and every bone in my body tells me to run to the G and not get greedy. But three and a half weeks sitting in the G sounds like an eternity. I still think the S&P can reach 1035 again which is another 2%. What to do? Only 1 IFT remaining. I'm open for suggestions.:confused:

If you want to sound very conservative...Head for the pad!
If you want to sound agressive...GO FOR IT!!!
If you want to be somewhere in the middle...Just floating along...

I think that 1035 is a pretty solid number for the coming week(s). If we get strong movement we could even flirt with 1060. I am planning on staying in till the 1040ish point and then re-evaluate.
 
Yes, Go Tech!

Now what to do for the rest of the month? I'm sitting at ~2.5%(16.50% ytd) up for September and every bone in my body tells me to run to the G and not get greedy. But three and a half weeks sitting in the G sounds like an eternity. I still think the S&P can reach 1035 again which is another 2%. What to do? Only 1 IFT remaining. I'm open for suggestions.:confused:

ATCJeff,

It might be time to have a balanced allocation. I don't mean 20% of everything - just some of everything (excepting the 'G Fund' which we can always bail to).

That way, if you have 60% - 70% or so in equities you will get a big chunk of the gains. If things dump your G/F holdings will give you space and time to bail out - or, the 'F Fund' may just gallop into the ever increasing sunset for a while.

That way you really don't blow your final IFT. You will play with the gamblers if things go good, and be able to sit tight with the 'G Funders' if things go bad.
 
By the way,
Nice gain this past week.

Expect a visit from some Gubmint Types (after they are done messing up the Madoff swindle) soon. You made almost 3% in a week where happy folks lost less than a point.

I am very happy to have lost less than a point.

Very happy.

That makes you very, Very, VEry, VERy, VERY happy :p
 
By the way,
Nice gain this past week.

Expect a visit from some Gubmint Types (after they are done messing up the Madoff swindle) soon. You made almost 3% in a week where happy folks lost less than a point.

I am very happy to have lost less than a point.

Very happy.

That makes you very, Very, VEry, VERy, VERY happy :p

Thanks, my timing was perfect! Now if I could only have extra IFT's.:(
 
I'm sure a few of you saw my exit to the G fund this morning. I'm now 100% G for 3 weeks. Ouch! Anyway, I decided to take my 4% and run for the safety of the Gee. Now is not the time to be greedy!

Jeff
 
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