clester's Account Talk

[jkenjohnson]

"Looks like I picked a bad day to quit sniffing glue"

Yes, futures are not looking good. I was actually back to even from when I got in a week or so ago, but it looks like that will change today. Maybe it will turn around. If it closes down today, I'm probably out tomorrow. I'm not going to ride this down very far.

 

[ravensfan]

"Looks like I picked a bad day to quit sniffing glue"

I see you are a fan of the movie "Airplane". Now that's funny!!!:laugh:

 

[Cactus]

Sorry, Clester. I should have told you I was going in. I thought about it on Friday but decided I didn't want to be in over the weekend and opted for Monday. I'm really developing a complex here. Someone really is out to get me. You might as well use me as a contrarian indicator. :suspicious:

 

[clester]

I see you are a fan of the movie "Airplane". Now that's funny!!!:laugh:

One of my favorites.

I had 1 day close above the 50 and it looked like 2 yesterday before the Syria news came out. That was my buy signal. Now we closed below it and going down farther so I have a sell.

 

[WhoDey]

Clester ... Do you use the 50d exponential moving average?

 

[jkenjohnson]

One of my favorites.

I had 1 day close above the 50 and it looked like 2 yesterday before the Syria news came out. That was my buy signal. Now we closed below it and going down farther so I have a sell.

I think it is time to bail also. With Syria, the debt ceiling looming, etc. there is too much risk.

 

[clester]

I think it is time to bail also. With Syria, the debt ceiling looming, etc. there is too much risk.

Actually, my system say to be at least 50% in stocks. Not a sell signal alone to be below the 50 dma. I also look at other factors such as chart patterns and indicators. The S&P hasn't made a lower low yet as long as the 1640 area holds and the S fund is still above its 50 dma. Btw, I use simple moving avg.

So, I may have jumped on the sell without really looking at the whole system. Therefore, I will probably hold today. Sorry for jumping too quickly. I start my 2nd semester of java programming today so I won't be able to watch right up to noon. So I will make a decision around 11.

 

[jkenjohnson]

Actually, my system say to be at least 50% in stocks. Not a sell signal alone to be below the 50 dma. I also look at other factors such as chart patterns and indicators. The S&P hasn't made a lower low yet as long as the 1640 area holds and the S fund is still above its 50 dma. Btw, I use simple moving avg.

So, I may have jumped on the sell without really looking at the whole system. Therefore, I will probably hold today. Sorry for jumping too quickly. I start my 2nd semester of java programming today so I won't be able to watch right up to noon. So I will make a decision around 11.

Hold 100%?

 

[Kaufmanrider]

Hold 100%?

Looks like he has a pending IFT to 100% G, so much for being in at least 50% in stocks.

 

[jkenjohnson]

Looks like he has a pending IFT to 100% G, so much for being in at least 50% in stocks.

I stayed in and hope it wasn't a mistake.

 

[clester]

Looks like he has a pending IFT to 100% G, so much for being in at least 50% in stocks.

As it turns out the 100% was the correct move down over 20 points is an auto sell 100%. What a terrible trade.

 

[weatherweenie]

As it turns out the 100% was the correct move down over 20 points is an auto sell 100%. What a terrible trade.

Did you get out?

 

[clester]

Did you get out?

Yep. What a horrible day and timing.

 

[firstpersonpl]

Did Hindenberg omen predict this?

 

[jkenjohnson]

I stayed in and hope it wasn't a mistake.

I got lucky I hope. I had actually put in a sell order to 100% G earlry in the morning, then forgot about it. This morning I am 100%G even though I am now down over $30K.

 

[clester]

Nothing to see here. Move along.

 

[Cactus]

These aren't the droids you're looking for.

 

[clester]

Well a new month and new set of trades. I've not had a good summer.

Lets see what we can do with the rest of the year. I'm thinking this month will not be good and the general downtrend will continue through early October. I don't have anything close to a buy signal. Well, a 20 some point climb today would do it but there aren't any other indicators lining up. The RSI down under 30 and a bounce would do it. I'm thinking it may be just as well to sit this month out.

 

[JamesE]

I'm thinking it may be just as well to sit this month out.

Maybe not, too early to say. I would like to see a nice dip so I can push all my chips in though!

We'll have to see what they decide about Syria probably. Just what we need, another expensive, useless mess... hate to see those kids on the news tho.

 

[jkenjohnson]

Maybe not, too early to say. I would like to see a nice dip so I can push all my chips in though!

We'll have to see what they decide about Syria probably. Just what we need, another expensive, useless mess... hate to see those kids on the news tho.

Don't we reach the debt ceiling this month? That could spoil things quickly.