clester's Account Talk

[MrJohnRoss]

got the 50% sell signal on C fund which is the one I use for signals so I'll be selling 50% tomorrow.

Good timing.

 

[jkenjohnson]

I'm expecting another test of the 50 dma moving average on this pull back. We could go below for a day or two and bounce or we could go on down to test the 200 dma. If the current trend holds then its just the 50 dma.

What is the crystal ball saying today?

 

[clester]

What is the crystal ball saying today?

I'm still looking for this pull back to test the 50 dma. It will probably zig zag down.

 

[jkenjohnson]

I'm still looking for this pull back to test the 50 dma. It will probably zig zag down.

Thanks

 

[clester]

Got a full sell signal. That happens when the S&P is down over 20 points. Since the index has gotten so high I should probably increase that to about 25 points. But it such a rare thing that 20 still woks pretty good. I will sell the other 50% tomorrow. For a buy signal I'll need a bounce around the 50 dma or a RSI below 30.

 

[jkenjohnson]

Got a full sell signal. That happens when the S&P is down over 20 points. Since the index has gotten so high I should probably increase that to about 25 points. But it such a rare thing that 20 still woks pretty good. I will sell the other 50% tomorrow. For a buy signal I'll need a bounce around the 50 dma or a RSI below 30.

I was kicking myself for getting out a little too soon, but now I am glad I did.

 

[jkenjohnson]

Are you looking at the 50 day ema and rsi for the W4500?

 

[Khotso]

Got a full sell signal. That happens when the S&P is down over 20 points. Since the index has gotten so high I should probably increase that to about 25 points. But it such a rare thing that 20 still woks pretty good. I will sell the other 50% tomorrow. For a buy signal I'll need a bounce around the 50 dma or a RSI below 30.

Hey Clester, just want to say thanks for sharing what you use as triggers in your timing system. I have learned a lot from your posts and really appreciate your brief, matter-of-fact style. I always read your posts!

 

[clester]

Hey Clester, just want to say thanks for sharing what you use as triggers in your timing system. I have learned a lot from your posts and really appreciate your brief, matter-of-fact style. I always read your posts!

Glad to hear it. This market is tough to fight. A strong rebound today but the downtrend is still intact and haven't tested the 50 dma. Ideally I would like to see that 30 on RSI for a good buy signal but if we climb back up and break out I'll buy back in.

 

[clester]

Are you looking at the 50 day ema and rsi for the W4500?

I use the S&P for those just because the S fund has more extreme moves.

 

[jkenjohnson]

Thanks

 

[jkenjohnson]

Another question please. Why the 50 dma vs. 10 day or 200 day? I am trying to compare your system with mine. Thanks.

 

[JTH]

Clester, I don't track your system, but I do track you, thanks for posting your updates.

 

[clester]

Another question please. Why the 50 dma vs. 10 day or 200 day? I am trying to compare your system with mine. Thanks.

The moving averages I use are just my preference because they are widely used and help keep trades down. I do use the 200 but we're a long way from it.

 

[clester]

Clester, I don't track your system, but I do track you, thanks for posting your updates.

I'm honored.

 

[clester]

Turns out the automatic sell was a false signal because there was no follow through. Going back in 100% S tomorrow

 

[clester]

Turns out the automatic sell was a false signal because there was no follow through. Going back in 100% S tomorrow

I'm not sure how long the buy will last. I'm looking for a 70 plus reading on $spx to sell 50%.

 

[jkenjohnson]

I'm not sure how long the buy will last. I'm looking for a 70 plus reading on $spx to sell 50%.

Why not today?

 

[jkenjohnson]

Why not today?

Forget this question.

 

[clester]

I'm watching for a RSI over 70 on S&P for a 50% sell signal. It's at 68 now so we may get another percent or so before it hits. S fund is only at 61 though. I expect the market to do well through Christmas so any pull back could be another good buying opportunity.