coolhand's Account Talk

[coolhand]

http://www.cellspypro.com/?gclid=CJHezs2Whp8CFUlo5QodsSIqKg

I found numerous links from folks who claim this is a fraud.

http://www.ripoffreport.com/Sales-People/CELL-SPY-PRO-OWNER-J/cell-spy-procell-spy-pro-own-8cssb.htm

It doesn't look legit either. I think Grandma's right.

 

[coolhand]

While the SS is still on a buy from about 2 weeks ago, making an entry into this market after that much lag time (and over a holiday period) is hardly a no-brainer. Today was either going to be a gap-up or a gap-down, and obviously the big money has made its choice. Sentiment is still an issue too. I don't like the current set-up so I'll pass on this SS buy signal for now.

 

[fedgolfer]

CH,

Have you or IYB ever tried re-calibrating the SS indicators for weekly candlesticks versus daily? I'm thinking that may cut out some of the quicker whipsaws and may be more helpful for the 2 IFT crowd? Maybe be worth a try. HAPPY NEW YEAR.

 

[coolhand]

CH,

Have you or IYB ever tried re-calibrating the SS indicators for weekly candlesticks versus daily? I'm thinking that may cut out some of the quicker whipsaws and may be more helpful for the 2 IFT crowd? Maybe be worth a try. HAPPY NEW YEAR.

IYB is going to start his own SS website, probably sometime this year. He's already tweeked the system, although I'm not sure exactly what he did.

I'm actually okay with the current system though. I don't expect to catch every opportunity given the volatility and TSP handcuffs. The market will just change character again at some point I'm sure.

 

[KevinD]

What about other indicators for confirmation?

 

[coolhand]

What about other indicators for confirmation?

A day like today, especially after a holiday period, is not a day that a confirmation can easily be made with any indicators IMO. NAMO and NYMO will be spiked back up to their multi-month highs probably by the close if the market ends the way it began. Sentiment is still too bullish, although it's not quite as bad as it was the past two weeks.

The SS is working just fine for the moment. If I had been able to buy that last signal two weeks ago, I'd still be riding this move higher. But the last sell and buy signals were 2 days apart. An unusually fast whipsaw for the SS, even in this market, but it took me out of the market nonetheless.

 

[clester]

I read somewhere that we are in the wave higher where everyone is bullish and the market still goes higher. So its one of the time where everyone is right. In other words, sentiment may not be the best indicator right now.

 

[coolhand]

I read somewhere that we are in the wave higher where everyone is bullish and the market still goes higher. So its one of the time where everyone is right. In other words, sentiment may not be the best indicator right now.

You're right. But that's why I mentioned NAMO and NYMO on the SS being pushed back up to multi-month highs. Plus, liquidity is still keeping this market afloat.

Did you see where GS is paying out $80 billion in bonuses? Not to mention paying back some TARP funds. They didn't get it from loaning money to businesses either. :suspicious:

http://www.nytimes.com/2010/01/01/business/01bonus.html?ref=todayspaper

 

[coolhand]

http://www.zerohedge.com/article/pi...ch-anything-anymore-anticipation-disinflation

 

[coolhand]

http://www.politico.com/news/stories/0110/31148.html

 

[coolhand]

http://www.ft.com/cms/s/0/3e8f914e-f969-11de-8085-00144feab49a.html

 

[coolhand]

http://www.stocktiming.com/Monday-DailyMarketUpdate.htm

 

[Nordic]

http://www.stocktiming.com/Monday-DailyMarketUpdate.htm

CH - Sounds like the Institutional Investors mentioned in this article are important indicators of market direction, and they may be providing some clues in the near future? I guess that's the first I've heard of the megaphone pattern, interesting.

 

[airlift]

Excellent posts CH!

 

[Uptrend]

Stocktiming has some good info. Megaphone is also called a broadening formation, and when they breakdown, go back to the lower line of the pattern. It is a bearish pattern and the oscillations get larger and larger it is a market out of control.

http://www.incademy.com/courses/Technical-analysis-II/Average-share-prices/15/1032/10002

 

[coolhand]

Stocktiming has some good info. Megaphone is also called a broadening formation, and when they breakdown, go back to the lower line of the pattern. It is a bearish pattern and the oscillations get larger and larger it is a market out of control.

http://www.incademy.com/courses/Technical-analysis-II/Average-share-prices/15/1032/10002

If we don't break out to the upside in convincing fashion first, we should be heading lower soon if that pattern continues for the time being. My money is on another reversal soon.

 

[coolhand]

http://www.marketwatch.com/story/fund-flows-firm-suggests-government-bought-stocks-2010-01-05

 

[coolhand]

I've been in cash since the last Seven Sentinels sell signal (17Dec) and looking for another entry point. The system is currently on a buy from 21Dec, but the market looks toppy short term. I don't think we'll get a SS sell on moderate selling pressure in the market, so a buying opportunity may be in the making over the next few trading days. If the market holds up well overall I'm hoping to get back in by Monday at the latest, but we'll have to see how things play out first.

I'm tempted to go into bonds while I wait.

 

[coolhand]

http://globaleconomicanalysis.blogspot.com/2010/01/governor-paterson-new-york-runs-like.html

 

[Birchtree]

Change IS coming to America starting in November. Some of these Obama moose nuggets will be reversed - until then just give him all the rope he wants.