coolhand's Account Talk

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I believe the financial sector of the SPX may be closer to 11% - anyhow the banks are leading us off this bottom and are leading again today. Insert foot in mouth at this point - I anticipate another 300 point banger before we close.
 
Cool. I think we've got trouble ahead, but we could rally to the 200dma first. I certainly wouldn't look at this up leg as anything more than a big bear rally.
 
... agreed. S&P is playing with that gap from the mid-February daily candlesticks. This rally could keep going a little longer and test the penant formation and kiss that line. But, if it then retreats and is bought up again at the breakout of 803'ish, it will look like an inverted head and shoulders.
 
I'm having a little trouble navigating in TT to find the SS comments from IYB etc. They don't seem to be all in one place. Is there a trick to pulling them all together. Maybe I'm using the wrong search peramiters.
 
RonUSPSretired said:
I'm having a little trouble navigating in TT to find the SS comments from IYB etc. They don't seem to be all in one place. Is there a trick to pulling them all together. Maybe I'm using the wrong search peramiters.
Click to expand...

Click the link below my posts. It'll take you to all six of them.
 
RonUSPSretired said:
My question was in reference to logging into TT to find any discussion by IYB and other TT members about the status of the SS's. Sorry for not being more clear with my question.--Ron
Click to expand...

Do a site search for IYB and/or Seven Sentinels or SS. Specify posts and not threads. That should do it, but searches have been very slow on that site in the past.
 
RonUSPSretired said:
My question was in reference to logging into TT to find any discussion by IYB and other TT members about the status of the SS's. Sorry for not being more clear with my question.--Ron
Click to expand...

Also, most posts will be under the Fearless Forecasters portion of the site, although IYB probably posts in other areas as well.

You may have to become a member to do searches, but I'm not sure about that. It may require a fee to have that kind of access.
 
coolhand said:
Will be executing an IFT to 100% G today. It's risky in the sense that while we may see that expected short term selling next week, I'm not sure it will last long enough to make it to 1 April should we begin another up leg higher the following week. I think we're close enough though that risk is now higher than reward and that being the case I'll step aside for the moment and just see how things play out.

Some good analysis here...

http://broadcast.ino.com/education/two_markets/?campaignid=3
Click to expand...

Guess we didn't get as much selling as I was looking for. We're moving up more quickly than I expected. The Seven Sentinels are still looking strong too. I wish I could pay for another IFT. Charge me! Please! Just let me have access! :cool:
 
Me too - I have to sit on my hands and learn to keep emotions out of this...Looking back to other recessions in the 1970s to 2003 just prior to a long bull run, I find that many double bottoms, triple bottoms were formed before the big push. I don't see this here. What are your thoughts CH? I know its a week away to April but want to start thinking about my next IFT move. :cool:
 
coolhand said:
Guess we didn't get as much selling as I was looking for. We're moving up more quickly than I expected. The Seven Sentinels are still looking strong too. I wish I could pay for another IFT. Charge me! Please! Just let me have access! :cool:
Click to expand...

Coolhand,

If you could, would you go in 100S or woud you split your IFT? Thanks for your views? :)
 
4Runner said:
Me too - I have to sit on my hands and learn to keep emotions out of this...Looking back to other recessions in the 1970s to 2003 just prior to a long bull run, I find that many double bottoms, triple bottoms were formed before the big push. I don't see this here. What are your thoughts CH? I know its a week away to April but want to start thinking about my next IFT move. :cool:
Click to expand...

If this market doesn't cool off for a bit soon, the G fund may be the place to be. We're getting close to the end of the quarter. Window dressing time for those money managers who's returns don't look so hot. That could be the reason we're not seeing much consolidation right now and that makes the first week of April tentative. I'm also interested to see how Monday-Tuesday shakes out. Do we see weakness as the quarter winds down and traders begin to protect their sizable gains or do we end the quarter on a bang? Either way, we're going to have to see how things shape up.

I will say that if the Seven Sentinels stays in buy territory without too much degradation, we could continue higher for a few more weeks. I'd like to see a big pullback to end the quarter with a continuation buy from the Sentinels to set the stage for another run higher. For those of us on the sidelines, that would be a nice set-up.
 
airlift said:
Coolhand,

If you could, would you go in 100S or woud you split your IFT? Thanks for your views? :)
Click to expand...

I know the S fund is outperforming at the moment, but I'd prefer to spread my cash out a bit more. Maybe overweight to the S fund, but not all of it. The reason is that the best performing fund may also be the one that gets hit the hardest on pullbacks. Risk control is what this is.
 
coolhand said:
I know the S fund is outperforming at the moment, but I'd prefer to spread my cash out a bit more. Maybe overweight to the S fund, but not all of it. The reason is that the best performing fund may also be the one that gets hit the hardest on pullbacks. Risk control is what this is.
Click to expand...

Intelligent ! Very smart post. The (S) Fund (ie...small caps) are
known to take the lead when busting out of the funk we've been in.
This holds true historically as well. Any pullback in the near future will
result in a stronger thrust downward by the (S) Fund unless we're in
a confirmed Bull Market. Diversification is the ticket ! Great Post ! ;)
 
I'm looking for some short term weakness, but I have to say that we still look to be heading higher in the Intermediate Term. Hopefully we retrace some of this upside for a few days without doing any damage to the technicals. I want another shot at some gains in my TSP account.
 
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