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coolhand's Account Talk
- Thread starter coolhand
- Start date
Nordic
Member
This is either going to be a Good thing or a Bad thing. I would like to think It's a Blessing in Disguise but It does worry me. I was tending toward pulling Half of my position.
Same here poolman, I would've pulled out yesterday also if the website was operational. Today's futures are looking up, hopefully yesterday's hiccup was a blessing in disguise.
coolhand
Well-known member
This market is keeping everyone guessing. The larger swings make for TSP h@ll when trying to move in and out at opportune times.
coolhand
Well-known member
I've said that the volatility was going to make everyone nervous, and we're sure seeing that.
We had an inversion on the TPP, but we are not out of the woods. I will be taking something off the table today, especially since we are only two days away from new IFTs. I can always reinvest next week if need be, but for now caution is definitely warranted.
http://www.timingpointprojector.com/
We had an inversion on the TPP, but we are not out of the woods. I will be taking something off the table today, especially since we are only two days away from new IFTs. I can always reinvest next week if need be, but for now caution is definitely warranted.
http://www.timingpointprojector.com/
Boghie
Well-known member
One in the Hand, Two in the Sky...
CoolHand,
I think I am going to send a tip to the programming staff at TSP!!!
I was tempted to go all in today, but cannot figure out why a Gubmint Induced Euphoria generated GDP of a decent number (3.5%) will hold.
If the market movers have been bailing for a week than it is time to sell on strength when they are smoking the good stuff.
Anyway, I don't know where the Obama Economic Top will be. At a 20% discount (1240), a 25% discount (1165), or a 30% discount (1090). Why should the market be priced to a bubble under an environment of increasing taxes and regulation. But, why should the market be priced to a crash and panic.
So, for me, it is time to reduce risk but keep some arrows flying at the two birds in the sky:cheesy:
CoolHand,
I think I am going to send a tip to the programming staff at TSP!!!
I was tempted to go all in today, but cannot figure out why a Gubmint Induced Euphoria generated GDP of a decent number (3.5%) will hold.
If the market movers have been bailing for a week than it is time to sell on strength when they are smoking the good stuff.
Anyway, I don't know where the Obama Economic Top will be. At a 20% discount (1240), a 25% discount (1165), or a 30% discount (1090). Why should the market be priced to a bubble under an environment of increasing taxes and regulation. But, why should the market be priced to a crash and panic.
So, for me, it is time to reduce risk but keep some arrows flying at the two birds in the sky:cheesy:
coolhand
Well-known member
Re: One in the Hand, Two in the Sky...
In line with your post, stories like this are usually contrarian indicators.
http://finance.yahoo.com/news/Economy-grows-in-Q3-rb-243710096.html?x=0&.v=5
In line with your post, stories like this are usually contrarian indicators.
http://finance.yahoo.com/news/Economy-grows-in-Q3-rb-243710096.html?x=0&.v=5
coolhand
Well-known member
I see them all the time here in Orlando. Is it enough? Or will sentiment be the deciding factor? Goods news rewarded or punished? Tough call after this bull run. I can't see past the next day right now. :blink:
fedgolfer
Well-known member
after that clear out, I can see some overhead resistance on the 15 and 30 min charts... nothing too meaningful on the daily... probably pretty quick as was the case in 10/5 thru 10/19. But I haven't been too accurate on the short-term... the intermediate though, I've been seeing it crystal clear. i'm going to need the help of the smarter tsp'ers to knock off the rose colored glasses though... I admit that weakness!
coolhand
Well-known member
coolhand
Well-known member
We may still see a follow-through rally today, but the action is not bullish. I'm seeing a lot of IFTs with folks moving in and out. This market is churning hard right now.
I got lucky yesterday when I caught that rally, but no one could bet on that happening. I'm looking for more downside action next week. If we turn up later this morning, I'm a seller of my limited stock position.
I got lucky yesterday when I caught that rally, but no one could bet on that happening. I'm looking for more downside action next week. If we turn up later this morning, I'm a seller of my limited stock position.
coolhand
Well-known member
Too weak. Can't be sure we finish green, so I'll hold em'. At least I have some cash raised.
turbo23dog
Member
I"m just seeing today's market action for the first time here at 1345... pretty ugly drop. Like you, glad to have been able to get some out on yesterday's dead cat bounce.
coolhand
Well-known member
Mish's take on the GDP number yesterday.
http://globaleconomicanalysis.blogspot.com/2009/10/market-cheers-over-ugly-gdp-report.html
http://globaleconomicanalysis.blogspot.com/2009/10/market-cheers-over-ugly-gdp-report.html
