clester's Account Talk

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We could go a little higher but we are finally getting to overbought and we're nearing the time of my call for a correction. We seem to be running out of steam. My crystal ball says we correct until October before the fall rally starts and we hit new highs again. You might say I'm b8ased since I'm out but I've had this outlook for a while. I just fumbled the ball when I didnt get back in. If I were in now my system would ride the wave until it breaks the trend line.
 
clester said:
We could go a little higher but we are finally getting to overbought and we're nearing the time of my call for a correction. We seem to be running out of steam. My crystal ball says we correct until October before the fall rally starts and we hit new highs again. You might say I'm b8ased since I'm out but I've had this outlook for a while. I just fumbled the ball when I didnt get back in. If I were in now my system would ride the wave until it breaks the trend line.
Click to expand...

Correction
smilielol.gif


We are never going down...
 
I saw an unofficial poll on cnn I think asking folks if they were getting back in the market now that we're back to new highs. 80% said no. These are probably the retail investors eveyone talks about.
 
clester said:
We could go a little higher but we are finally getting to overbought and we're nearing the time of my call for a correction. We seem to be running out of steam. My crystal ball says we correct until October before the fall rally starts and we hit new highs again. You might say I'm b8ased since I'm out but I've had this outlook for a while. I just fumbled the ball when I didnt get back in. If I were in now my system would ride the wave until it breaks the trend line.
Click to expand...

I sure hope so. I just got out. I somehow managed to gain 6% this month, took my money and ran. Waiting for the pullback to get back in.
 
My wife has gained +$95K in her FRS account since January and she is a buy and hold in a S&P 500 index fund. We expect her gains to double by year end to +$190K. And who knows what gains 2014 will bring.
 
It pays to be buy and hold in a bull market. That's a lessen I've learned over the years. That why my system always has a bias to be in stocks when in a bull market.

I am finally feeling back to normal and in better sync with the markets. My thoughts today are that we are very near a short term top and that we will drift lower until October. The buying engine is running out of gas. The feeling everyone has now that we will never go down again is a good contrarian signal too. We hit overbought on S fund. If I were in I wouldn't sell yet but be ready. If I were out I wouldn't buy. I expect a test of last months low by October.
 
clester said:
It pays to be buy and hold in a bull market. That's a lessen I've learned over the years. That why my system always has a bias to be in stocks when in a bull market.

I am finally feeling back to normal and in better sync with the markets. My thoughts today are that we are very near a short term top and that we will drift lower until October. The buying engine is running out of gas. The feeling everyone has now that we will never go down again is a good contrarian signal too. We hit overbought on S fund. If I were in I wouldn't sell yet but be ready. If I were out I wouldn't buy. I expect a test of last months low by October.
Click to expand...

Thanks for the info. Glad you are feeling better.
 
clester said:
It pays to be buy and hold in a bull market. That's a lessen I've learned over the years. That why my system always has a bias to be in stocks when in a bull market.

I am finally feeling back to normal and in better sync with the markets. My thoughts today are that we are very near a short term top and that we will drift lower until October. The buying engine is running out of gas. The feeling everyone has now that we will never go down again is a good contrarian signal too. We hit overbought on S fund. If I were in I wouldn't sell yet but be ready. If I were out I wouldn't buy. I expect a test of last months low by October.
Click to expand...



Glad You are feeling better Craig!!
 
My system is still on a buy. The S&P may be able to get to 1700 before getting its RSI indicator in overbought status. What the system looks for now is a break of the current trend to sell 50%. So its pretty simple... hold on until the ride is over. I expect that anytime now. I'm still out having missed my signal due to my fathers death but I won't buy in now because the odds are not in my favor. Just a reminder. My system is conservative and waits for the market to signal a sell not to guess the tops or bottoms.
 
clester said:
My system is still on a buy. The S&P may be able to get to 1700 before getting its RSI indicator in overbought status. What the system looks for now is a break of the current trend to sell 50%. So its pretty simple... hold on until the ride is over. I expect that anytime now. I'm still out having missed my signal due to my fathers death but I won't buy in now because the odds are not in my favor. Just a reminder. My system is conservative and waits for the market to signal a sell not to guess the tops or bottoms.
Click to expand...
Just for clarification. My system went to a buy once we broke above the 50 dma.
 
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