coolhand's Account Talk

Trader's Talk is 44% bears to 31% bulls this morning, on good participation. That has me looking for more selling in the short term.
 
I've been a follower of Trader's Talk for several years now, so I've developed a keen sense of how to interpret their sentiment. It's not intuitive on many levels. But here is a comment posted today from Mark Young regarding the daily poll:

"At more important turns, the actual position poll shows a very significant portion of respondents positioned perfectly. Every time. It's freaky. When picking tops and bottoms, this crew is NOT a fade."
 
CH,
Are these numbers indicative of a possible short-covering Christmas rally or not?

IMO sthe only way that can happen is with a strong catalyst. Good Blackberry earnings are not enough. Markets tend to float higher on low volume around holidays, but the short interest out there that is keyed into computers for the remote control trade, might keep Santa away.
 
Yesterday, IBD changed its market out look from "Market Under Pressure" to "Market in Confirmed Uptrend". FWIW

CH,

Thanks for posting this. Clearly, you are abreast of pertinent and very useful information. I only left 10% in the C fund. My plan is to leave it in C, until we get more negative info. The SS went into buy last night, and IBD seems to conirm this. Proportionately, I am getting small gains on 10% C. But, I have no more IFTs this month; and, despite so much bullishness, the risk for my small investment is relatively small. I am thinking that the profits gained in this rally might help me absorb a downturn a bit. It'll also give me time to see the horizon, and to wait for better or worse signals as the market plays out. Thanks again, CH, and I wish a very Merry Christmas to all!:):)
 
The Baltic Dry Index is still above the 200d MA now at 2867.62 while the index is at 3154.00. There are also 3 higher lows in place. I think it will perk up soon.
 
Air, There's always <1% IFTs to nudge your investment up a little. See SB's account talk for details.:)

Scout and Air, If you go to "Members Account Talk" The <1% option is at the top. It is now a read only and has been edited to make it easier to find information about the <1% option we all have after your 2 IFT's have been used up for the month. If you have questions feel free to post my account.
 
Thanks NASA. I remember you explaining the details a couple of years ago. Good Work! I should really reconsider its merits.
 
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