clester's Account Talk

[clester]

Yeah. Looks like my long term view isn't panning out.

C and I funds have RSI'S of 66 ish. 70 is a sell for my system. It may only be another 1% or so to get there. S fund is still well below it. F Fund is over it so its a sell.

 

[clester]

A big pop today or tomorrow will probably trigger a sell in C fund (based on rsi over 70). S fund should be ok and I fund too for now. I usually base my calls on C fund so I'll be going 50G if I get a signal

 

[clester]

A big pop today or tomorrow will probably trigger a sell in C fund (based on rsi over 70). S fund should be ok and I fund too for now. I usually base my calls on C fund so I'll be going 50G if I get a signal

Close enough for gov't work. Selling 50%

 

[clester]

Close enough for gov't work. Selling 50%

Very unusual for S&P to get to RSI over 70 and another up day today = a very overbought spike. I'm tempted to sell the rest but my system says keep 50% in during bull markets. S and I funds are getting close to 70 as well. I'm expecting a pullback soon.

 

[Bquat]

Very unusual for S&P to get to RSI over 70 and another up day today = a very overbought spike. I'm tempted to sell the rest but my system says keep 50% in during bull markets. S and I funds are getting close to 70 as well. I'm expecting a pullback soon.

Aren't we all. I think it's near.

 

[RealMoneyIssues]

Since we all expect it, probably won't happen... light volume, the institutions will continue to suck the retail investor in until they feel they have as much as they can get and then boom... we are all screwed...

People have been talking about a correction for 2 year, VIX is at historic (albeit unprecedented) lows, yet the market continues to climb up...

Its time when its time and most likely will catch us all unaware...

 

[Birchtree]

rmi,

This is what you realy meant to say is that no matter how stretched everything becomes and no matter how great the risk of being cast into the perdition in the pyroclastic collapse to come - I'll see you there.

 

[clester]

Since we all expect it, probably won't happen... light volume, the institutions will continue to suck the retail investor in until they feel they have as much as they can get and then boom... we are all screwed...

People have been talking about a correction for 2 year, VIX is at historic (albeit unprecedented) lows, yet the market continues to climb up...

Its time when its time and most likely will catch us all unaware...

That's the reason I stay in 50% in a bull market.

 

[clester]

That's the reason I stay in 50% in a bull market.

I now have an overbought sell signal accross the board. I'm in 50% since we're in a bull market as my system dictates though. We would have to break the 50 dma foe me to sell the rest.

 

[clester]

I now have an overbought sell signal accross the board. I'm in 50% since we're in a bull market as my system dictates though. We would have to break the 50 dma foe me to sell the rest.

Now that the indices are overbought I expect at least a short term pull back. A test of their 50 dma would be good. Whether it holds or not will dictate my next move. The F fund has already dropped to its 50 and may bounce if stocks go down.

 

[jkenjohnson]

Now that the indices are overbought I expect at least a short term pull back. A test of their 50 dma would be good. Whether it holds or not will dictate my next move. The F fund has already dropped to its 50 and may bounce if stocks go down.

I don't think anything can stop this bull. Still sitting on the sidelines waiting for an entry.

 

[BichonFreeze]

Whether it holds or not will dictate my next move. The F fund has already dropped to its 50 and may bounce if stocks go down.

The F fund just popped in the last 30 minutes. Up currently .26%. I'll definitely be eying an entry tomorrow.

 

[clester]

Sell the pop today IMO. My system has me staying in 50% but I would sell some tomorrow if I was still in 100%.

 

[jkenjohnson]

Sell the pop today IMO. My system has me staying in 50% but I would sell some tomorrow if I was still in 100%.

Where u hiding?

 

[clester]

Where u hiding?

On vacation. Still on the road. Drove from Tennessee to montreal and quebec city to see my son. Good time but ready to get home. Arriving this eve.

 

[jkenjohnson]

On vacation. Still on the road. Drove from Tennessee to montreal and quebec city to see my son. Good time but ready to get home. Arriving this eve.

Wow. Sounds nice. I've been to Toronto, but not Montreal or Quebec.

 

[clester]

Wow. Sounds nice. I've been to Toronto, but not Montreal or Quebec.

They have a European feel. Especially Quebec. I had a great family vacation. Spent a lot of money. Stuff is expensive up there. Makes you appreciate the US and our low cost of living!

I'm finally home and glad to be back. Looks like the market may finally be ready for a break lower.

 

[nnuut]

Welcome back clester, how much is gas in Canada?

 

[clester]

Welcome back clester, how much is gas in Canada?

I paid about $1.45/liter in Canadian dollars. I haven't tried to convert that but I guessed it was over $5 a gallon.

 

[jkenjohnson]

They have a European feel. Especially Quebec. I had a great family vacation. Spent a lot of money. Stuff is expensive up there. Makes you appreciate the US and our low cost of living!

I'm finally home and glad to be back. Looks like the market may finally be ready for a break lower.

Don't say that.