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coolhand's Account Talk
- Thread starter coolhand
- Start date
coolhand
Well-known member
Earnings have been pretty good so far this morning, especially with Microsoft and Amazon. The danger here is short term profit taking. We are probably going to gap up this morning at the start and then I'd say there's a 50/50 chance we sell-off on the news. Maybe hard. The thing to keep in mind right now is that volatility is not about to go away, so the ride higher may be quite uncomfortable.
coolhand
Well-known member
According to this projection, today is expected to be down hard. Inversions can happen though. Just something to watch.
http://www.timingpointprojector.com/
http://www.timingpointprojector.com/
WIND_HUNTER
Member
Looks like their projection so far has been pretty accurate. Something to watch closely. Thanks!
coolhand
Well-known member
And here comes the plunge...right on que. Amazing.
coolhand
Well-known member
This is exactly the kind of activity that's been triggering SS sells, only to be followed by a big move back up. After I've gone to G of course.
coolhand
Well-known member
Even if I get a sell today, I'm not planning on acting on it immediately. I have other indicators I'm trying to fall back on when the SS is getting whipsawed. That's not the way I want to trade, but we're too inflexible in the current market volatility.
WorkFE
Well-known member
coolhand
Well-known member
Guess Not
The good news is that today's action followed the TPP. The bad news is that it could be wrong in the longer term, but that's for the future to decide.
I also think the SS will give a sell signal today and that technically, this market is going to look ripe for a correction. But that's how this market has played out for several months now. So we'll see.
CrabClaw
Well-known member
Does not look like they gave the signal, looks like $TRINQ is the lone holdout. it also looks like the rest of them could roll back over with 1 good up day. Whats your take on that CH? More whipsaw? I think I'm going to sit tight with my position for now. have a good weekend.
coolhand thought you may find this of interest if you follow $tran at all:
http://www.safehaven.com/showarticle.cfm?id=14811&pv=1
Got this from another group I am in, not sure if it will show up in traders-talk site or not.
http://www.safehaven.com/showarticle.cfm?id=14811&pv=1
Got this from another group I am in, not sure if it will show up in traders-talk site or not.
coolhand
Well-known member
It's another of many chart observations being thrown around on most MBs that are alluding to an imminent decline. While we should be aware of the various deteriorating conditions going on the makret, it may also lead to an increased amount of bearishness, which makes it that much tougher to kill a bull. I'm not overly comfortable in stocks right now, but I don't think the coffin lid had been nailed down on this bull run just yet. I think it's coming. But I suspect there will be some surprises yet for the bears. Just a hunch based on the timing point projection I've been posting in my thread of late. That and how I think sentiment will play out. It's a tricky time indeed.
Let's hope this happens! I also hope it will not be a false signal.
Minnow
Well-known member
turbo23dog
Member
Read your blog tonight. SSSS.
I feel I'm close enough to the end of the month (and 2 new IFTs) to consider scaling back out of stocks into G or maybe some to F. I'll be waiting/hoping to get that hoped for bounce tomorrow.
I feel I'm close enough to the end of the month (and 2 new IFTs) to consider scaling back out of stocks into G or maybe some to F. I'll be waiting/hoping to get that hoped for bounce tomorrow.
