clester's Account Talk

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ATCHUNTman said:
I thought it might be an issue. If I can't refi I will be filing an appeal with my county on their valuation for sure!! They have a much higher number than the current actual value. Thanks for the info.
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So how did it turn out Jeff? Btw, what is a "desktop appraisal"? Just someone's guess?
 
$emw (S fund) held the 690 level I was watching and bounced. I think we are in a bull flag and ready for one more push up. Bonds now have a gap to fill after the big drop in treasurys yields.

Stock just don't feel like they are ready for a big drop yet. I still think that might be next week or in September, if it comes at all.
 
clester said:
$emw (S fund) held the 690 level I was watching and bounced. I think we are in a bull flag and ready for one more push up. Bonds now have a gap to fill after the big drop in treasurys yields.

Stock just don't feel like they are ready for a big drop yet. I still think that might be next week or in September, if it comes at all.
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Europe will be center stage next week. I'm not sure I want to be in the market next week.
 
Now that 690 has been broken I've taken a real close look at the charts to pick a sell stop should we continue down. My break even price and the last break out point is about 686 on $emw
 
Uptrend said:
A tighter stop loss is 687 and then 680 if you can stomach the volatility. These are TA levels.
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Thanks. The 687 or 686 area is where I have my stop. Holding so far. This is 4 days in a row down. Just drifting lower, no big drops. I'm thinking a rally is coming soon. There is a lot of negativity from talking heads which buoys my case.
 
clester said:
Thanks. The 687 or 686 area is where I have my stop. Holding so far. This is 4 days in a row down. Just drifting lower, no big drops. I'm thinking a rally is coming soon. There is a lot of negativity from talking heads which buoys my case.
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IMO, the worst talking head is Cramer. He'd be a good circus barker, and not much else.
 
clester said:
Thanks. The 687 or 686 area is where I have my stop. Holding so far. This is 4 days in a row down. Just drifting lower, no big drops. I'm thinking a rally is coming soon. There is a lot of negativity from talking heads which buoys my case.
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Hoping you are right about a rally. Just in case, I went to 50% G today. Left 25% C/S.
 
clester said:
Thanks. The 687 or 686 area is where I have my stop. Holding so far. This is 4 days in a row down. Just drifting lower, no big drops. I'm thinking a rally is coming soon. There is a lot of negativity from talking heads which buoys my case.
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I really wish I would have gone with my intuition and cashed out last Friday. This is one fickled market.
 
A move up on Friday could take back the entire week of downside - it happens all the time. The risk is being out of the market.
 
jkenjohnson said:
I really wish I would have gone with my intuition and cashed out last Friday. This is one fickled market.
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You should trust your intuition. This market is very frustrating. I keep flirting with just going to a buy and hold strategy but I don't have patience for that either. :(
 
So, s fund held just above my stop loss. Hope we bounce tomorrow because there isn't much room below. My gut still says we're ok but I won't trade against the system.
 
clester said:
So, s fund held just above my stop loss. Hope we bounce tomorrow because there isn't much room below. My gut still says we're ok but I won't trade against the system.
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So far, so good. Holding just above pivot point where we broke out last week. It's not uncommon to test a breakout. The question is.. Will we hold it?

F fund has been on a tear. I think those traders on betting on QE. It has been way to volatile for me. But why aren't stocks? They should go up on that expectation too. Shouldn't they? This is why it's so hard to out guess the market. It often doesn't make any logical sense and I'm a logic person. Headlines and rumors rule the markets as well as big money managers. Frustrating.
 
clester said:
So far, so good. Holding just above pivot point where we broke out last week. It's not uncommon to test a breakout. The question is.. Will we hold it?

F fund has been on a tear. I think those traders on betting on QE. It has been way to volatile for me. But why aren't stocks? They should go up on that expectation too. Shouldn't they? This is why it's so hard to out guess the market. It often doesn't make any logical sense and I'm a logic person. Headlines and rumors rule the markets as well as big money managers. Frustrating.
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Today is a good example of the news driving the market. We're down and word come that Bernanke says QE may come and ....pop goes the market.

If this rally holds up then it would be a perfect retest of the pivot point on $emw(s fund) and we should be back on track to 720.
 
clester said:
Today is a good example of the news driving the market. We're down and word come that Bernanke says QE may come and ....pop goes the market.

If this rally holds up then it would be a perfect retest of the pivot point on $emw(s fund) and we should be back on track to 720.
Click to expand...

Maybe you're right. But the S&P did a pretty text-book bounce off the 20 day SMA, so it could also have been a lot of computerized trades.
 
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