coolhand's Account Talk

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turbo23dog said:
The market turning into a crap shoot/horse race every afternoon after 3PM sure makes it difficult to find a good spot to jump back in. I've been waiting all week and am feeling the need to submit an IFT tomorrow no matter what it looks like at ~11:50 am.
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Be aware that I am not afraid to be wrong and I'm perfectly willing to ride a down leg. I am not of the opinion that that's about to happen or I wouldn't be 75% stox and looking to buy more, but we can never truly be sure.

I'm not looking for a short term trade right now either. This one may last a little while.
 
coolhand said:
I'm being told to buy by the service I subscribe to. It's not a new recommendation, but it seems more urgent every day. I agree with it too. Sentiment is good for at least an intermediate term rally. The bad news has already been priced into this market and I doubt we'll see a big decline on jobs numbers. Everyone already knows it's going to be bad so I'm looking for a rally soon.
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Cool...
Personally, I don't see a positive confirmation in the charts that sais now is a time to enter. Could really end up either way, and in this environment, and with the false positives we've seen before, I'm staying in 'revenue pertektion' mode. ;)

I also wonder if anticipated approval for bailout (ahem...'loan') of the Beg 3 automakers is priced into recent uptickage.

My gut sais stay away for now....I will gladly enter when charts tell me to.

TycoonSoon
 
TerpTrader said:
Cool...
Personally, I don't see a positive confirmation in the charts that sais now is a time to enter. Could really end up either way, and in this environment, and with the false positives we've seen before, I'm staying in 'revenue pertektion' mode. ;)

I also wonder if anticipated approval for bailout (ahem...'loan') of the Beg 3 automakers is priced into recent uptickage.

My gut sais stay away for now....I will gladly enter when charts tell me to.

TycoonSoon
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Hey there TS,

That's what makes a market. It can go either way. I know some very good traders that think now is the time to buy and I know a some others that feel differently. As you know I'm in the bullish camp.

If the big 3 end up being bailed out, that would be a huge positive for the market. I'm not banking on it, but it could be the catalyst that makes for a sustained rally.
 
All in. 35/35/30 CSI. I don't expect this to be a quick trade. When we get closer to the end of the month I'll reconsider G fund trades depending on how things play out.
 
tsptalk said:
Good luck Coolhand! I'll do the same if we hit 740 on S&P :)
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Looking at this more as an IT swing trade Tom. Our restrictions have definitely changed the way I play the markets.

BTW, don't you know that western civilization is going to collapse along with the dollar? Since that's the case it really doesn't matter how we play out accounts, does it? :laugh: :cool:
 
coolhand said:
BTW, don't you know that western civilization is going to collapse along with the dollar? Since that's the case it really doesn't matter how we play out accounts, does it? :laugh: :cool:
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LOL. I haven't gotten to the point where I'm buying gold bars, guns, and ammo yet, but that Celente guy is making me think about stocking up on some food - although I'm too lazy to do it. Maybe I'll go with just the guns and ammo so I can go looting. :D
 
tsptalk said:
LOL. I haven't gotten to the point where I'm buying gold bars, guns, and ammo yet, but that Celente guy is me making think about stocking up on some food - although I'm too lazy to do it. Maybe I'll go with just the guns and ammo so I can go looting. :D
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From your mouth to the markets ears!!! The only commodity showing a positive return today??? Lead :laugh::laugh::laugh:
 
tsptalk said:
LOL. I haven't gotten to the point where I'm buying gold bars, guns, and ammo yet, but that Celente guy is making me think about stocking up on some food - although I'm too lazy to do it. Maybe I'll go with just the guns and ammo so I can go looting. :D
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Ha!
Well I never owned a gun til very recently.
Also been accumulating silver over the past 1.5 years...and I've been accumulating food/water the past 6 mos. or so.
Starting my own veggie garden as well.

Haven't got the rebel flag just yet.....although there's a GIANT one hanging over I-75 and I-4, just to p*ss people off. :cheesy:
 
coolhand said:
Looks like today was a buy. Of course we can't trade late afternoon action. I'm wanting to put that other 25% into the market. Maybe tomorrow?

I'm being told to buy by the service I subscribe to. It's not a new recommendation, but it seems more urgent every day. I agree with it too. Sentiment is good for at least an intermediate term rally. The bad news has already been priced into this market and I doubt we'll see a big decline on jobs numbers. Everyone already knows it's going to be bad so I'm looking for a rally soon.
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Coolhand,

Keep up the good work. Many folks on this board watch the economy and not the market.
Things are bad and are going to get much worse. Unemployment will go much higher, but most of it is priced into the market. Yeah - things are bad TSP Cheerleading Bears - now let’s try and make some money catching BEAR MARKET RALLIES.... The last one was close to 15% in 4 trading days.... That's around 4 years of G Fund returns. Poolman and a few others have timed it very well....

Nice call on the jobs numbers - we did get a rally! I also bought in front of it.


All the services I have are currently on buy signals also except the chart slaves. I'll be watching this weekend to see if this is a breakout on the Voodoo charts. They keep telling me Santa Rally, but It could be the perfect set-up for the final plunge... Ha.... the crooks! Yep -easy money for the crooks....


The crooks will also be watching and could have plans for another mass sell-off next week. They love for the chart slaves to issue new buy signals. With no uptick rule maybe Bear raid city next week and take out the new baby bulls and clean out all the new stops... Yeah - make sure you use tight stops folks so they can stop you out quickly.


Take Care Coolhand and keep it coming! I guess I can't give you more points. Maybe I should save some for the the TSP Cheerleading Bears... ha! I will turn Bearish again also, but not at these levels.... No way.... at these levels.

Still playing by Bear market rules and I have NO LOVE for any position I hold. The Market will tell us what to do not the Doom and Gloom folks, and yes things are BAD!


Robo
 
robo said:
What is your plan if we don't? We might just climb the wall of worry the next few weeks.
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I really thought we'd hit that (740), or close to it, on Friday if the jobs number was bad. Now I'll have to rethink the plan. I kind of expect some selling on Monday - just so everyone can remain confused.

I like the action (up on bad news) but I don't see how we could go much further up from here (maybe 900), but the bad news seems to be priced in as well. Perhaps we remain in a trading range for a while longer.

The charts have not given any indication of a buy so I'll remain cautious, but I'll be a buyer on the next panic selling. I sure hope we see 740 again. I'd feel better about buying.
 
The implications of China devaluing their RMB/Yuan and the other story elsewhere on "Failures to Deliver" Treasuries should be sounding alarm klaxons but a deal on GM will probably continue the growing warm and fuzzy. Maybe a January drop will be all the more dramatic? We seem to be still teetering on "the brink" rather than improving.
 
Warrenlm said:
The implications of China devaluing their RMB/Yuan and the other story elsewhere on "Failures to Deliver" Treasuries should be sounding alarm klaxons but a deal on GM will probably continue the growing warm and fuzzy. Maybe a January drop will be all the more dramatic? We seem to be still teetering on "the brink" rather than improving.
Click to expand...

That's how market lows are made. At some point the selling becomes exhausted. It won't go to zero. We may have even seen the low. Time will tell, but the market looks out months in advance. It will reverse for the long haul well before the news gets better.
 
coolhand said:
This is really bullish action today. No volume to the downside. :D:
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Mark Young commented - "I'm more Bullish than I've ever been in my career."


The Senticator is Bullish for next week....


Sounds good to me - We shall see!


I sure would like to see a push thru 900 next week.


Take Care!
 
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