coolhand's Account Talk

Sort by newest Sort by date
The trend is still up... until it goes down.

I read that article by Matt Taibbi from RS magazine, thanks for the link. I love the way the guys writes, especially the great descriptions of Dick Fuld from Lehman and Jim Cayne from Bear. LOL!
 
Earnings have been pretty good so far this morning, especially with Microsoft and Amazon. The danger here is short term profit taking. We are probably going to gap up this morning at the start and then I'd say there's a 50/50 chance we sell-off on the news. Maybe hard. The thing to keep in mind right now is that volatility is not about to go away, so the ride higher may be quite uncomfortable.
 
WorkFE said:
Seems to work out like that for me also.
Click to expand...

Even if I get a sell today, I'm not planning on acting on it immediately. I have other indicators I'm trying to fall back on when the SS is getting whipsawed. That's not the way I want to trade, but we're too inflexible in the current market volatility.
 
WorkFE said:
Guess Not:(
Click to expand...

The good news is that today's action followed the TPP. The bad news is that it could be wrong in the longer term, but that's for the future to decide.

I also think the SS will give a sell signal today and that technically, this market is going to look ripe for a correction. But that's how this market has played out for several months now. So we'll see.
 
coolhand said:
I also think the SS will give a sell signal today and that technically, this market is going to look ripe for a correction. But that's how this market has played out for several months now. So we'll see.
Click to expand...

Does not look like they gave the signal, looks like $TRINQ is the lone holdout. it also looks like the rest of them could roll back over with 1 good up day. Whats your take on that CH? More whipsaw? I think I'm going to sit tight with my position for now. have a good weekend.
 
If I was right around the break even area I might go to preservation until this thing shakes out. I'm 5% above my 09 goal so I believe I'll hang with the big dogs another day or so. May wait to see if $TRINQ goes to a sell. duno
 
mdszj said:
coolhand thought you may find this of interest if you follow $tran at all:

http://www.safehaven.com/showarticle.cfm?id=14811&pv=1

Got this from another group I am in, not sure if it will show up in traders-talk site or not.
Click to expand...

It's another of many chart observations being thrown around on most MBs that are alluding to an imminent decline. While we should be aware of the various deteriorating conditions going on the makret, it may also lead to an increased amount of bearishness, which makes it that much tougher to kill a bull. I'm not overly comfortable in stocks right now, but I don't think the coffin lid had been nailed down on this bull run just yet. I think it's coming. But I suspect there will be some surprises yet for the bears. Just a hunch based on the timing point projection I've been posting in my thread of late. That and how I think sentiment will play out. It's a tricky time indeed.
 
Well... that looks like all 7 go into sell territory unless I missed something. Hopefully there will be a green day to sell into tomorrow.
 
Read your blog tonight. SSSS.

I feel I'm close enough to the end of the month (and 2 new IFTs) to consider scaling back out of stocks into G or maybe some to F. I'll be waiting/hoping to get that hoped for bounce tomorrow.
 
You must log in or register to reply here.

Similar threads

russ24567
Russ24567's Account Talk
Replies
1
Views
312
tsptalk
tsptalk
tsptalk
  • Article Article
Where was the Monday rebound?
Replies
1
Views
196
JTH
JTH
tsptalk
  • Article Article
Stocks were mixed last week after Mag 7 earnings
Replies
0
Views
203
tsptalk
tsptalk
tsptalk
  • Article Article
After all that, the S&P 500 ends November with a gain?
Replies
0
Views
113
tsptalk
tsptalk
J
Lurker Looking to Learn
Replies
3
Views
166
dannyboy
D
Back
Top