coolhand's Account Talk

[coolhand]

Well, the S&P has just about caught up to my YTD performance after yesterday's advance. I did a great job of side-stepping early year losses, but really missed out of a large part of this advance.

I'm still watching the seven sentinels, which continue to be on a buy and I'm considering entering the market under the right circumstance (continued SS buy and a decent dip). If those conditions present themselves I may venture into the market. I've been waiting for over a month and I'm very wary of any selling that may begin benignly, suck in late bulls, and then drop prices precipitously.

I also realize that we could continue to move higher for a few more weeks too.

Decisions, decisions.

Let's see, what would Birchtree tell me...oh yeah, damn the torpedoes and full steam ahead. :cheesy:

 

[coolhand]

Over the past few trading days the seven sentinels have moved away from a sell signal. Usually these indicators give some idea that they are moving towards a sell before they actually do. Given the underlying strength in this rally and the robust nature of the SS, along with the weakness today, I have initiated an IFT to 25/25/50 CSI.

If the SS goes to a sell any time soon, I'll be going to G fund quickly and given the intermediate nature of a sell signal would expect to stay in cash for a number of weeks.

 

[nasa1974]

Over the past few trading days the seven sentinels have moved away from a sell signal. Usually these indicators give some idea that they are moving towards a sell before they actually do. Given the underlying strength in this rally and the robust nature of the SS, along with the weakness today, I have initiated an IFT to 25/25/50 CSI.

If the SS goes to a sell any time soon, I'll be going to G fund quickly and given the intermediate nature of a sell signal would expect to stay in cash for a number of weeks.

Wish I would have waited one more day. Bought in yesterday.:nuts: Welcome aboard.

 

[CountryBoy]

Thanks for the update Cool.

CB

 

[turbo23dog]

Following your lead, my finger was on the trigger at 11:59 but didn't go for it. Will wait for Thursday just to see... what's a few more days after waiting for a month...

 

[coolhand]

SS still in a buy mode. I'm not even going to guess how much longer we may rally or how high we might go. Emotion and greed are moving this market right now, and it's anyone's guess where it goes.

 

[Birchtree]

Because of residual panic fear most investors remain too pessimistic creating the wall of worry. Consolidation is to be expected in the near term even if intraday, but the market recovery attempt is nonetheless intact. Tomorrow could be a "Mine that Bird" day.

 

[Guest2]

Because of residual panic fear most investors remain too pessimistic creating the wall of worry. Consolidation is to be expected in the near term even if intraday, but the market recovery attempt is nonetheless intact. Tomorrow could be a "Mine that Bird" day.

A 50:1 Longshot may not be your best analogy. But a winner, is a winner.
No matter how you look at it. I loved your last post on your thread (Birch)
and to see the SS's are still slapping out a "Buy Signal" gives this scared
rabbit a little more comfort in my decision to jump in "head first".

 

[mdszj]

Coolhand

I have been keeping an eye on the 7 sentinels since I first learned of them from you. From what I remember the SS gave a go long signal somewhere around 3/10 or 3/11, which was excelent timing. I would be interested in taking a look at any previous long or short signals that were given by the SS, just to compare them to what the market did at those times, to try to get an idea of the performance history. Do you have any of the previous signal dates?

I am currently in G, I figure as soon as I jump into C/S/I that will be doom for us all.

thx for any info on this

 

[CapeChem]

Coolhand

I have been keeping an eye on the 7 sentinels since I first learned of them from you. From what I remember the SS gave a go long signal somewhere around 3/10 or 3/11, which was excelent timing. I would be interested in taking a look at any previous long or short signals that were given by the SS, just to compare them to what the market did at those times, to try to get an idea of the performance history. Do you have any of the previous signal dates?

I am currently in G, I figure as soon as I jump into C/S/I that will be doom for us all.

thx for any info on this

Then for heavens sake stay in G....Think of others before yourself

 

[Medic72]

Then for heavens sake stay in G....Think of others before yourself

agreed, stay in G, if you moving means the doom of all of us!

 

[coolhand]

Coolhand

I have been keeping an eye on the 7 sentinels since I first learned of them from you. From what I remember the SS gave a go long signal somewhere around 3/10 or 3/11, which was excelent timing. I would be interested in taking a look at any previous long or short signals that were given by the SS, just to compare them to what the market did at those times, to try to get an idea of the performance history. Do you have any of the previous signal dates?

I am currently in G, I figure as soon as I jump into C/S/I that will be doom for us all.

thx for any info on this

I am short of time right now, but I do have some historical info for you. I'll try to post it later tonight.

 

[coolhand]

See attachment for previous seven sentinels buy and sell signals.

 

[coolhand]

Interesting TA video on Gold market.

http://broadcast.ino.com/education/gold_200905/?campaignid=3

 

[Warrenlm]

Because of residual panic fear most investors remain too pessimistic creating the wall of worry. Consolidation is to be expected in the near term even if intraday, but the market recovery attempt is nonetheless intact. Tomorrow could be a "Mine that Bird" day.

Seems to this "ignoramus" (moi) that the future has now been determined by two things....."government is all in and government always wins" and a government that is willing to manipulate information and people, and indeed force people (sheeple and universe masters), as needed to achieve its aims. All the voices saying "but, but" are going to be ignored even if there is that "consolidation". Just a view from a gut rather than analysis.

 

[mdszj]

Coolhand

Thanks very much for the signal info. Looking at it, it is pretty clear that if you use the SS as your timing basis then you stand to make some very significant gains. I like that the signal is based on something other than price-based indicators such as stochastics, macd, rsi, etc. I feel like I cannot rely on them.

 

[mdszj]

Medic and Capechem - thx for the kind thoughts, I can feel the love all the way through the internet !!!!

 

[coolhand]

Coolhand

Looking at it, it is pretty clear that if you use the SS as your timing basis then you stand to make some very significant gains.

While implied in your comment, I'll add that it has also been impressive in avoiding significant losses.

I like that the signal is based on something other than price-based indicators such as stochastics, macd, rsi, etc. I feel like I cannot rely on them.

Common TA indicators are used as a tool by both shorts and longs alike. That's why they are often a fade when they signal buying opportunities. It's just another mechanism to exploit in one way or another.

Overall, by using an Intermediate Term signal, it significantly lessens the chance of exploitation.

 

[Birchtree]

Have you entered the market yet or are you still conserving cash for the dip entry.

 

[mdszj]

CH

Agree with everything you said.

thx