coolhand's Account Talk

[coolhand]

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

I made a post a couple days ago letting everyone know I'd bought back in. 25/25/50/ CSI.

I'll be holding that position until the SS tells me otherwise.

 

[XL-entLady]

I made a post a couple days ago letting everyone know I'd bought back in. 25/25/50/ CSI.

I'll be holding that position until the SS tells me otherwise.

Looking again at the SS chart signals and what the markets have done after each signal was given, it is apparent that they are an impressive indicator. My TSP account would look a lot healthier now if I had paid more attention to the due diligence I did on SS when you shared them with us the first time.

Lady

 

[nnuut]

Looks like the SS Chart signals show a lot of promise and might be what we need, to work with the IFT limitations, I'm watching very closely!! Good work Coolhand!

 

[WorkFE]

CH,
With your SS updates and Trees cheerleading I have toed the Line and done well.
You Rock, Great Job.

 

[mdszj]

Coolhand

Another question on the SS: does it ever give a "go to cash" signal? From what I could tell on the Trader talk site as well as here, it is just long or short. Just curious, thx

 

[coolhand]

Coolhand

Another question on the SS: does it ever give a "go to cash" signal? From what I could tell on the Trader talk site as well as here, it is just long or short. Just curious, thx

Well, it's basically used for the S&P, but could easily be transfered to other markets as they react very much in unison. As far as TSP is concerned, a Seven Sentinels sell signal means cash for us. It could mean go short in your brokerage account. That's how I'm using it.

 

[mdszj]

Right, that is how I will use it for the TSP, ie long only, where sell = G. I was wondering because some systems such as decisionmoose.com, another intermediate type system, is currently in cash right now. http://www.decisionmoose.com/Moosignal.html

At the next signal change I am also planning to do a little test of it with a small amt of $$ in an IRA I have with Direxion, which has 2.5X long/short funds including one for the $spx. This can take advantage of both sides of the SS signal.

 

[coolhand]

Volume is up today and I'm getting a sell signal on Trader's Talk (not SS), but it's a short term signal (1-2 days). We may be seeing the beginning of a top being made. That means we could see a strong reversal in the next couple days as traders try to pile in on weakness given the strength to the upside we've been seeing for so long. This could be an opportunity for the da boyz to sell into a secondary rally while the top forms. This could take a little time yet and higher prices may yet be down the road.

I am not saying that this is what will happen or is happening, but to be open to it. The seven sentinels have not spoken yet either, but it will if this plays out the way I described above.

The SS gets the final say for me, so I'm holding my position.

 

[nasa1974]

Volume is up today and I'm getting a sell signal on Trader's Talk (not SS), but it's a short term signal (1-2 days). We may be seeing the beginning of a top being made. That means we could see a strong reversal in the next couple days as traders try to pile in on weakness given the strength to the upside we've been seeing for so long. This could be an opportunity for the da boyz to sell into a secondary rally while the top forms. This could take a little time yet and higher prices may yet be down the road.

I am not saying that this is what will happen or is happening, but to be open to it. The seven sentinels have not spoken yet either, but it will if this plays out the way I described above.

The SS gets the final say for me, so I'm holding my position.

CH, Sure would be nice to have another surge up. Really like your reports and take on SS. Regardless there will only be 8 more trading days for me before I jump back to G. Going to Hawaii to celebrate our 30th anniversary and there will be limited access to a computer. Besides I really do not want to get up at 5AM local time to figure out if I need to do an IFT. Just might dampen the mood so to speak.:laugh:

 

[coolhand]

Okay, here's an update from Don (the guy who put the SS together):

"Just a heads up....Six of the seven are in sell territory, and, in fact, were either in sell area or very close yesterday on a "new high close" for SPX/DJIA. That's unusual, and a real sign of exhaustion, imho. The seventh, $BPCOMPQ, {and thus the signal itself} may or may not click in after closing numbers in- that doesn't come until about 6 PM EST.

Fwiw, I've been front running the signal today, and have gone long DXD, SDS, TZA, QID. from early this AM. Stops in place as always.

I'll post after the close with official SSSS or non-signal, either way. Good trading all, D"

 

[WorkFE]

Thanks for the Heads up CH. May soon be in the Garage, raining any damn way.

 

[mdszj]

CH

good job, thx for this update.

Now I do not feel so bad being 100% G, I was very tempted to go long the last couple days. For once it looks like I'm all set for this signal.

 

[airlift]

Coolhand,
This is timely and very useful information. Thank you!

Okay, here's an update from Don (the guy who put the SS together):

"Just a heads up....Six of the seven are in sell territory, and, in fact, were either in sell area or very close yesterday on a "new high close" for SPX/DJIA. That's unusual, and a real sign of exhaustion, imho. The seventh, $BPCOMPQ, {and thus the signal itself} may or may not click in after closing numbers in- that doesn't come until about 6 PM EST.

Fwiw, I've been front running the signal today, and have gone long DXD, SDS, TZA, QID. from early this AM. Stops in place as always.

I'll post after the close with official SSSS or non-signal, either way. Good trading all, D"

 

[coolhand]

I've posted some thoughts in my blog regarding the SS. Still waiting for a final signal tonight.

 

[coolhand]

NO SIGNAL FOLKS!

We remain in an uptrend for the moment. That's going to make things very interesting with the stress test results out.

 

[Guest2]

Priceless Information !
Thanks From A Frightend Rabbit Try To Stay Away From That Hole !

 

[KevinD]

Priceless Information !
Thanks From A Frightend Rabbit Try To Stay Away From That Hole !

+1

 

[Birchtree]

mdszj,

The Dow futures are strong tonight. If that strength lasts till morning and the rally is not sold into on the open you can expect a very strong day tomorrow. That means you will not participate - and I'm real sorry to hear that. The NFP can come in anywhere close to 500,000 and the market rockets.

 

[coolhand]

mdszj,

The Dow futures are strong tonight. If that strength lasts till morning and the rally is not sold into on the open you can expect a very strong day tomorrow. That means you will not participate - and I'm real sorry to hear that. The NFP can come in anywhere close to 500,000 and the market rockets.

I am inclined to think we have higher prices coming. How much longer the rally lasts, whether it's shortly after the open tomorrow or weeks out I have no idea. The futures are not a tell though. Hope we rally on in any event. I still have a lot of catching up to do.

 

[Pschiffdicpal]

I am inclined to think we have higher prices coming. How much longer the rally lasts, whether it's shortly after the open tomorrow or weeks out I have no idea. The futures are not a tell though. Hope we rally on in any event. I still have a lot of catching up to do.

Yes it was yesterday and about three weeks ago to buy in, up up gos.... its where it stop no one know???? Big open.... weak close??