-
Welcome to the TSP Talk Forums forums.
You are currently viewing our boards as a guest which gives you limited access to view most discussions and access our other features. By joining our free community you will have access to post topics, communicate privately with other members (PM), respond to polls, upload content, join our AutoTracker, and access many other special features. Registration is simple and absolutely free so please, join our community today!
If you have any problems with the registration process or your account login, please contact us. -
The Forum works well on MOBILE devices without an app: Just go to: https://forum.tsptalk.com
-
Please read our AutoTracker policy on the IFT deadline and remaining active. Thanks!
-
$ - Premium Service Content (Info) | AutoTracker Monthly Winners | Is Gmail et al, Blocking Our emails?
Find us on: Facebook & X | Posting Copyrighted Material
-
Join the TSP Talk AutoTracker: How to Get Started | Login | Main AutoTracker Page
coolhand's Account Talk
- Thread starter coolhand
- Start date
coolhand
Well-known member
Me too. Futures started to rise late last night, but this morning they're mixed. Not sure what to expect there. But the folks on TT are leaning bearish, which usually means we can expect some measure of selling today. Whether it sticks remains to be seen. Asia was up big last night, but EU is down.
I'm looking for a spot to grab 2-4% in December. New IFTs tomorrow.
Boghie
Well-known member
Correction Time - Merry Christmass!!!
CoolHand,
I think - based on the last two months of charts - that we have reached the flatline point. Somewhere around 1100. This is the best we can get
From here on we will have our 5% - 10% 'corrections' with 5% - 10% boomlettes. Da Boyz cannot show more profits for fear of shareholder revolt, and they can't entice more into bonds because of inflation fears. Similarly, Da Boyz won't be investing in ever more expensive American labor for fear of the known unknown. Finally, the FED will have to start raising interest rates relatively soon or we will be using Pesos to buy our garbage from China.
Watch Kaleforneeeaaaaa, we are a leading indicator
CoolHand,
I think - based on the last two months of charts - that we have reached the flatline point. Somewhere around 1100. This is the best we can get
From here on we will have our 5% - 10% 'corrections' with 5% - 10% boomlettes. Da Boyz cannot show more profits for fear of shareholder revolt, and they can't entice more into bonds because of inflation fears. Similarly, Da Boyz won't be investing in ever more expensive American labor for fear of the known unknown. Finally, the FED will have to start raising interest rates relatively soon or we will be using Pesos to buy our garbage from China.
Watch Kaleforneeeaaaaa, we are a leading indicator
Silverbird
Well-known member
It doesn't matter with China, no change in the value of our currency since their currency is tied to ours. So don't worry about the U.S. consumer being able to buy Chinese "garbage" (Caveat Empor of course on how well it's assembled!). Now, if you want to buy from the EU, Japan, Korea, Taiwan...just about anywhere else, the falling dollar IS a dis-incentive and you are better off buying U.S. :toung:
California is NOT a leading indicator, luckily Proposition 13 (can't raise taxes without an above majority vote - I think it's over 60% of the legislature - good luck) and the ability to add any project to a ballot - with no information on HOW it's going to be paid for - is only available in California.
California is NOT a leading indicator, luckily Proposition 13 (can't raise taxes without an above majority vote - I think it's over 60% of the legislature - good luck) and the ability to add any project to a ballot - with no information on HOW it's going to be paid for - is only available in California.
coolhand
Well-known member
Re: Correction Time - Merry Christmass!!!
The Timing Point Projector model I posted in the past pegged this Thursday as the top with significant downside action to follow in the next few months. I still have that chart in the back of my mind even if I'm not trading off it. The Seven Sentinels are still on a sell and today looks to keep that sell signal intact. The NAMO and NYMO Summation Index I posted in my last blog really look poised for a good downturn in here. We may get a rally this week, but I'm thinking it won't last.
CoolHand,
I think - based on the last two months of charts - that we have reached the flatline point. Somewhere around 1100. This is the best we can get
From here on we will have our 5% - 10% 'corrections' with 5% - 10% boomlettes. Da Boyz cannot show more profits for fear of shareholder revolt, and they can't entice more into bonds because of inflation fears. Similarly, Da Boyz won't be investing in ever more expensive American labor for fear of the known unknown. Finally, the FED will have to start raising interest rates relatively soon or we will be using Pesos to buy our garbage from China.
Watch Kaleforneeeaaaaa, we are a leading indicator
The Timing Point Projector model I posted in the past pegged this Thursday as the top with significant downside action to follow in the next few months. I still have that chart in the back of my mind even if I'm not trading off it. The Seven Sentinels are still on a sell and today looks to keep that sell signal intact. The NAMO and NYMO Summation Index I posted in my last blog really look poised for a good downturn in here. We may get a rally this week, but I'm thinking it won't last.
coolhand
Well-known member
Intrepid_Timer
Well-known member
Re: Correction Time - Merry Christmass!!!
WOW, thanks Coolhand! I think........................:blink: I just want "12%" a year. :toung:
WOW, thanks Coolhand! I think........................:blink: I just want "12%" a year. :toung:
Re: Correction Time - Merry Christmass!!!
Just in case anyone is looking... http://www.timingpointprojector.com/
fedgolfer
Well-known member
Re: Correction Time - Merry Christmass!!!
both those scenarios look completely irrelevant now. On a sidenote, I've been trying to learn more about FX and index futures. In seeing some Fx tutorials, the height of currency trading is the overlap in the London/US market... that's why we often see the dollar turn at ~10-11AM EST... and then an upmove in equities from there. With all these modern platforms that allow for FX, futures, stock trading, traders then move from the leveraged currency trade to options, futures and stock trading, taking advantage of the morning discount. As long as these patterns occur somewhat regularly, I see this being good for the market in general... that's wealth creation around the clock. also, that gives the experienced trader/investor confidence to scalp & day trade their leverage FX/futures while holding long stock positions... This is why I think we see relatively low volume in the stock market (the big money is hunkering down on stocks and funding it with those high volume leveraged currency/commodity/index futures makets.) If other people are doing this, it would make good discussion. I feel kind of silly paying $9 for stock trades after learning more about the E-minis.
both those scenarios look completely irrelevant now. On a sidenote, I've been trying to learn more about FX and index futures. In seeing some Fx tutorials, the height of currency trading is the overlap in the London/US market... that's why we often see the dollar turn at ~10-11AM EST... and then an upmove in equities from there. With all these modern platforms that allow for FX, futures, stock trading, traders then move from the leveraged currency trade to options, futures and stock trading, taking advantage of the morning discount. As long as these patterns occur somewhat regularly, I see this being good for the market in general... that's wealth creation around the clock. also, that gives the experienced trader/investor confidence to scalp & day trade their leverage FX/futures while holding long stock positions... This is why I think we see relatively low volume in the stock market (the big money is hunkering down on stocks and funding it with those high volume leveraged currency/commodity/index futures makets.) If other people are doing this, it would make good discussion. I feel kind of silly paying $9 for stock trades after learning more about the E-minis.
James48843
Well-known member
Re: Correction Time - Merry Christmass!!!
Scares the bejesus (did I spell that right? And can I say that?) out of me.
At least--it scares me enough to sit on the sidelines for a little while and wait to see what's really happening.
I'm seeing mixed signals all over the place, unlike the pretty consistent signals I've seen over the last five or six months. I'm happy sitting it out for a while.
Thanks Coolhand for the data points- and the chart.
Scares the bejesus (did I spell that right? And can I say that?) out of me.
At least--it scares me enough to sit on the sidelines for a little while and wait to see what's really happening.
I'm seeing mixed signals all over the place, unlike the pretty consistent signals I've seen over the last five or six months. I'm happy sitting it out for a while.
Thanks Coolhand for the data points- and the chart.
fedgolfer
Well-known member
Re: Correction Time - Merry Christmass!!!
Yeah, I definitely don't like the potential for this rounding top forming in the S&P struggling at the long-term resistance line, coinciding with a triple top in the $tran, bearish crossovers and moving averages in the Nikkei, and several countries looking like penny stocks. Still, its about the countries that can afford stimulus and central bank intervention until leverage on the upside blows up again.
Yeah, I definitely don't like the potential for this rounding top forming in the S&P struggling at the long-term resistance line, coinciding with a triple top in the $tran, bearish crossovers and moving averages in the Nikkei, and several countries looking like penny stocks. Still, its about the countries that can afford stimulus and central bank intervention until leverage on the upside blows up again.
coolhand
Well-known member
Interesting read on equities vs bonds...
http://www.briefing.com/GeneralCont...estor&ArticleId=NS20091130084625TheBigPicture
http://www.briefing.com/GeneralCont...estor&ArticleId=NS20091130084625TheBigPicture
Uptrend
Well-known member
Re: Correction Time - Merry Christmass!!!
Why would one choose the inversion over the projection - reasoning? Also, where is the November consolidation area at 1088 -1113?
Why would one choose the inversion over the projection - reasoning? Also, where is the November consolidation area at 1088 -1113?
FAB1
Well-known member
Re: Correction Time - Merry Christmass!!!
Yep, but...When that time comes you may be paying more for less shares. :blink:
As for your quote - mildly sacreligious? I don know, wheres the Mod? :toung:
Yep, but...When that time comes you may be paying more for less shares. :blink:
As for your quote - mildly sacreligious? I don know, wheres the Mod? :toung:
coolhand
Well-known member
Re: Correction Time - Merry Christmass!!!
Mark has not updated this chart in weeks. Folks on TT have been asking about it and he's not addressing it.
It was fun to watch it play out when he was engaged with the chart, but his silence on the matter tells me he's abandoned it. It may have already served its purpose.
The chart was never meant to serve as a tool per se. He used to use it years ago, but dropped it from his toolbag. I think it was tracking so well recently that he wanted to see what others thought about it and to gauge whether there was any measurable interest in it by the MB.
Mark has not updated this chart in weeks. Folks on TT have been asking about it and he's not addressing it.
It was fun to watch it play out when he was engaged with the chart, but his silence on the matter tells me he's abandoned it. It may have already served its purpose.
The chart was never meant to serve as a tool per se. He used to use it years ago, but dropped it from his toolbag. I think it was tracking so well recently that he wanted to see what others thought about it and to gauge whether there was any measurable interest in it by the MB.
grandma
Well-known member
Re: Correction Time - Merry Christmass!!!
Is `bejabbers' what you are looking for ??
SkyPilot
Well-known member
Re: Correction Time - Merry Christmass!!!
http://en.wiktionary.org/wiki/bejesus :nuts:
Is `bejabbers' what you are looking for ??
http://en.wiktionary.org/wiki/bejesus :nuts:
grandma
Well-known member
