clester's Account Talk

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I wouldn't look for any type of trend reversal until Santa has come and gone - perhaps the second week in January will be weak. I'm waiting on the September high of 1474 and then I'll throw money away with abandon.
 
Cactus said:
On the bright side, with 50% in S & I you made a good move yesterday toward getting your head above water.

The AT today is only ~9% negative and ~15% below G. That's a definite improvement from yesterday. How quickly things can change.
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This year folks have done alot better, myself included. No major losses at all, Wildwoman lost 37% last year :blink: OUCH.
 
What a weird day. C fund down 10, s fund flat and I fund up .99%. That seems odd. Anyway, I'm half out looking for another buying opportunity.
 
Handballer said:
My 5% stake in the I fund saved me from havjng an awful day.
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I fund has done well. It has smoothed out the volatility in my trade. Which is odd because it is usually the most volatile one. The only reason I sold it was that it is so overbought. You can pretty much watch the $Ftse and the dollar and see what it will do. The Ftse is not overbought but the dollar is oversold so perhaps that's where the trade will happen. I would like to get back in it if it would pull back a little. So, I guess I should watch the dollar chart.
 
clester said:
I fund has done well. It has smoothed out the volatility in my trade. Which is odd because it is usually the most volatile one. The only reason I sold it was that it is so overbought. You can pretty much watch the $Ftse and the dollar and see what it will do. The Ftse is not overbought but the dollar is oversold so perhaps that's where the trade will happen. I would like to get back in it if it would pull back a little. So, I guess I should watch the dollar chart.
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I like the 50-50 position going into the fiscal cliff deadline as well. I'm in if it rockets up and I'm out if it plummets. I can claim victory either way.
 
clester said:
I like the 50-50 position going into the fiscal cliff deadline as well. I'm in if it rockets up and I'm out if it plummets. I can claim victory either way.
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Today is a good example of why you should stay at least 50% in during bull market. With that said, I fund is very overbought and S fund is overbought (RSI over 70) but not as extreme as I fund (about 80). C fund is lagging and not overbought.


I think we will have a pull back any day now.
 
Tomorrows op ex Friday isn't it? If so, I'm sure that will take a bite of our profits this week unless there's FC deal announced.
 
JamesE said:
Tomorrows op ex Friday isn't it? If so, I'm sure that will take a bite of our profits this week unless there's FC deal announced.
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Could be. Also we have been up everyday except for yesterday in spx. I would think folks would take some profits before the weekend. On Rsi's, I is over 80, S is over 70. Both are overbought but I is a sell for sure in my system.
 
It would appear that Japan is providing the booster rocket here for awhile. The I fund will most likely stay overbought for several months.
 
Birchtree said:
It would appear that Japan is providing the booster rocket here for awhile. The I fund will most likely stay overbought for several months.
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On really strong rallies it can stay overbought (by rsi) for a while as nasdaq did earlier this year but its rare and the odds are against it. Thats why I'm playing the odds and why im only 50 % out as well. I really like the 50-50 play.
 
clester said:
On really strong rallies it can stay overbought (by rsi) for a while as nasdaq did earlier this year but its rare and the odds are against it. Thats why I'm playing the odds and why im only 50 % out as well. I really like the 50-50 play.
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Just saw he futures down big due to the vote in congress being cancelled. I knew a pull back was coming. This will be a good chance for profit taking before the weekend.
 
Unless the morons in DC do something totally idiotic, I'm in till early January. I will be easing out of my I fund position soon simply because it's had a nice run.
 
JamesE said:
Unless the morons in DC do something totally idiotic, I'm in till early January. I will be easing out of my I fund position soon simply because it's had a nice run.
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I think they just did. Boehner has given up. His side won't budge. Here comes the cliff.
 
Things are setting up nicely for me to get back in 100% next week. Efa around 55 looks like a good re-entry. I will probably put the 50% I took out of I fund back in there. We need a 2 or 3 day pull back to allow markets to get rid of the overbought condition.

The news pushes the market but the technicals will dictate things IMO and indicates what news will come. I think that if everyone expects us to go over cliff then we will get our pullback and then we can move on and start back up next week. Perhaps some good news next week? Who knows.
 
clester said:
Things are setting up nicely for me to get back in 100% next week. Efa around 55 looks like a good re-entry. I will probably put the 50% I took out of I fund back in there. We need a 2 or 3 day pull back to allow markets to get rid of the overbought condition.

The news pushes the market but the technicals will dictate things IMO and indicates what news will come. I think that if everyone expects us to go over cliff then we will get our pullback and then we can move on and start back up next week. Perhaps some good news next week? Who knows.
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This follows my train of thought. I am planning on jumping back in next week. I sit 100% G at the moment.
 
clester said:
Things are setting up nicely for me to get back in 100% next week. Efa around 55 looks like a good re-entry. I will probably put the 50% I took out of I fund back in there. We need a 2 or 3 day pull back to allow markets to get rid of the overbought condition.

The news pushes the market but the technicals will dictate things IMO and indicates what news will come. I think that if everyone expects us to go over cliff then we will get our pullback and then we can move on and start back up next week. Perhaps some good news next week? Who knows.
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Again, days like today is why 50-50 is nice. Yesterday I was happy because I was 50% in. Today I'm happy because I'm 50% out. :)
 
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