coolhand's Account Talk

[coolhand]

Just an update on the status of the Seven Sentinels. The net new highs on the NAZ are the one hold-out. The other six are flipped to sell.

Bottom line, the Seven Sentinels are still on a buy until all seven go to sell.

 

[CrabClaw]

Thanks for the info CH

 

[motniceguy]

As a TSP newbie and first time poster, you guys are freaking awesome. I don't know about those other mollusk but this future mollusk is here to stay, whatever that means. I'll be watching this go down in the bear cave. Fight-o!

Mood: Excited :nuts:

 

[robo]

As a TSP newbie and first time poster, you guys are freaking awesome. I don't know about those other mollusk but this future mollusk is here to stay, whatever that means. I'll be watching this go down in the bear cave. Fight-o!

Mood: Excited :nuts:

Ha -sit back and enjoy the show, but it's the same old crap! Buy and hold, DCA, and talk about his submarine. Huh! Now why did Robo call Birchtree's Tugboat a submarine? Ha - Because he is so far under water it will take a miracle to get back above water.... Ha....

More to come in the Bear Cave!


Coolhand,

Thanks for the update!

 

[airlift]

I don't enjoy the length of time and the expenditure of energy wasted in rebutting tasteless arrogance! Especially in this thread. My opinion.

 

[XL-entLady]

Coolhand's house, Coolhand's rules!

Lady

 

[robo]

I don't enjoy the length of time and the expenditure of energy wasted in rebutting tasteless arrogance! Especially in this thread. My opinion.

Airlift,

I agree and respect your opinion. I apologize to all and will stay out of Coolhand's thread.

Take Care!

 

[airlift]

Coolhand,

In my opinion, you do not need to apologize. Don't stay out of Coolhand's thread. You have much value to share.

 

[coolhand]

I've actually been amused by the exchange of comments yesterday. It's an indication of market stress. None of it is personal and therefore I don't take it that way. Opinions are often expressed with emotion. It's human nature.

I mentioned yesterday that the seven sentinels are flashing 6 sell signals, but are still technically on a buy. However, things are deteriorating and if I was in the market I'd be looking for an exit until these dark clouds pass. Mish Shedlock uses some of the same indicators as the SS and he agrees that this rally is getting old.

From Mish:

http://globaleconomicanalysis.blogspot.com/2009/04/technical-indicators-scream-caution.html

 

[XL-entLady]

I've actually been amused by the exchange of comments yesterday. It's an indication of market stress. None of it is personal and therefore I don't take it that way. Opinions are often expressed with emotion. It's human nature.

I mentioned yesterday that the seven sentinels are flashing 6 sell signals, but are still technically on a buy. However, things are deteriorating and if I was in the market I'd be looking for an exit until these dark clouds pass. Mish Shedlock uses some of the same indicators as the SS and he agrees that this rally is getting old.

From Mish:

http://globaleconomicanalysis.blogspot.com/2009/04/technical-indicators-scream-caution.html

As usual, I agree with you, Coolhand. I just have a 10% stake in the markets right now but I think I'm pulling everything out to G until I find out if the market is going to catch a virus.

Good trading,
Lady

 

[justbizness45]

I am probably not very far behind in heading for the exits. The garage is going to get full.

 

[WorkFE]

JB,
I don't need much room in the Garage for this 2 wheeler. Save me space.

 

[CountryBoy]

Just an update on the status of the Seven Sentinels. The net new highs on the NAZ are the one hold-out. The other six are flipped to sell.

Bottom line, the Seven Sentinels are still on a buy until all seven go to sell.

Thanks for the update on the 7 sentinels. I've got to get myself into gear, but I can't seem to pull the pin on my TSP.

CB

 

[Bullitt]

I'm just curious- and I'm sorry for asking this on your thread Coolhand, but like Robo says, it's one of the better ones remaining- how many of you TSP'ers are selling because you think the rally is toast and how many are selling because you plan to buy 'em back cheaper? If you're looking to buy 'em back cheaper, I'm also curious as to what point you're looking to jump back in at.

My plan is for a slight pullback with this uptrend staying alive for a while longer, maybe to 1000+ on the S&P. I haven't considered the G Fund yet because I'm not that nimble of a trader, nor do I have the time to try hitting the smaller percentage moves. So, yes, I see some G Fund action in the works by year end for me.

Set a few limit orders today to add at levels that could bring some increased buying pressure, but it all comes down to whether or not you believe this rally has run it's course or not.

 

[coolhand]

I'm just curious- and I'm sorry for asking this on your thread Coolhand, but like Robo says, it's one of the better ones remaining- how many of you TSP'ers are selling because you think the rally is toast and how many are selling because you plan to buy 'em back cheaper? If you're looking to buy 'em back cheaper, I'm also curious as to what point you're looking to jump back in at.

My plan is for a slight pullback with this uptrend staying alive for a while longer, maybe to 1000+ on the S&P. I haven't considered the G Fund yet because I'm not that nimble of a trader, nor do I have the time to try hitting the smaller percentage moves. So, yes, I see some G Fund action in the works by year end for me.

Set a few limit orders today to add at levels that could bring some increased buying pressure, but it all comes down to whether or not you believe this rally has run it's course or not.

I've been stuck in G for over a month and only offer my perspective based on the SS. Since we have not had a sell signal, I'm not expecting a pullback below 820 on the S&P, but internals suggest weakness in the Short Term at the very least. If we get enough weakness and internal deterioration to complete a SS sell signal, I'd bail longer term until we get the next buy signal.

If one is bullish and wants to wait for a confirmed sell that would not be a bad play. The caveat is that if we did see significant selling, it could be quick and deep, with a sell signal coming after we've already lost a chunk of gains. If it's short term we could bounce quickly and it may not matter. It's never an easy call, but there is a lot of negatives right now. We do have two new trades coming soon too.

 

[Birchtree]

Any day the market trades sideways is a win for the bulls - there's just no one left to sell. All the sissies have already left the dance. Eleven trillion in liquidity is not going to sit much longer on the sidelines and think about the money coming in from refinancings.

 

[coolhand]

Any day the market trades sideways is a win for the bulls - there's just no one left to sell. All the sissies have already left the dance. Eleven trillion in liquidity is not going to sit much longer on the sidelines and think about the money coming in from refinancings.

Uh...and maybe it's the buyers who are absent?

Terrible thing to lose a million in the market and be reduced to cheerleading on a MB in an attempt to goad others into propping up your share prices. :laugh:

 

[coolhand]

Just to be clear on whether I'm bearish or bullish, it's actually neutral with a bearish bias. We are due a correction after the run-up, but assuming we get one, it's not known how deep (or shallow) and how long it might last. I do think we will make another run higher at some point, but I don't see us doing it in a relentless march higher given the very questionable market fundamentals we've had. (Or not so questionable)

 

[coolhand]

Six of seven on sell again. BPCOMPQ is the holdout today by just 0.23. Long mode remains in effect.

 

[Birchtree]

Frankly I don't see my haircut as a loss but rather a devaluation - I'm still collecting income from my shares and reinvesting that income into more shares. I made $300K back in 1982 in ten months but never $363K in seven weeks. I'm not cheerleading only showing how the trail is blazed - it matters not to me if no one on this MB ever gets off the sidelines - I'm making mine and that's what counts. I can wait the time interval to regain my composure and we'll see how the bull runs. Thanks for not telling me to get lost.