coolhand's Account Talk

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poolman said:
This is either going to be a Good thing or a Bad thing. I would like to think It's a Blessing in Disguise but It does worry me. I was tending toward pulling Half of my position. :(
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Same here poolman, I would've pulled out yesterday also if the website was operational. Today's futures are looking up, hopefully yesterday's hiccup was a blessing in disguise.
 
Nordic said:
Same here poolman, I would've pulled out yesterday also if the website was operational. Today's futures are looking up, hopefully yesterday's hiccup was a blessing in disguise.
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This market is keeping everyone guessing. The larger swings make for TSP h@ll when trying to move in and out at opportune times.
 
I've said that the volatility was going to make everyone nervous, and we're sure seeing that.

We had an inversion on the TPP, but we are not out of the woods. I will be taking something off the table today, especially since we are only two days away from new IFTs. I can always reinvest next week if need be, but for now caution is definitely warranted.

http://www.timingpointprojector.com/
 
Initiated transfer to 70/10/10/10 GCSI.

I am still concerned about whipsaws, and given our inability to move quickly, opted to keep some exposure to the markets. I can live with this allocation for now. Sentiment suggests more selling down the road.
 
I haven't kept up with sentiment. Has the Bearish sentiment gained enough momentum to tip us over into contrarian Bullish prices?
 
JTH said:
I haven't kept up with sentiment. Has the Bearish sentiment gained enough momentum to tip us over into contrarian Bullish prices?
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No. Complacency is still a problem. The decline is not being taken seriously yet.

Warning Will Robinson. :cool:
 
One in the Hand, Two in the Sky...

CoolHand,

I think I am going to send a tip to the programming staff at TSP!!!

I was tempted to go all in today, but cannot figure out why a Gubmint Induced Euphoria generated GDP of a decent number (3.5%) will hold.

If the market movers have been bailing for a week than it is time to sell on strength when they are smoking the good stuff.

Anyway, I don't know where the Obama Economic Top will be. At a 20% discount (1240), a 25% discount (1165), or a 30% discount (1090). Why should the market be priced to a bubble under an environment of increasing taxes and regulation. But, why should the market be priced to a crash and panic.

So, for me, it is time to reduce risk but keep some arrows flying at the two birds in the sky:cheesy:
 
Re: One in the Hand, Two in the Sky...

Boghie said:
CoolHand,

I think I am going to send a tip to the programming staff at TSP!!!

I was tempted to go all in today, but cannot figure out why a Gubmint Induced Euphoria generated GDP of a decent number (3.5%) will hold.

If the market movers have been bailing for a week than it is time to sell on strength when they are smoking the good stuff.

Anyway, I don't know where the Obama Economic Top will be. At a 20% discount (1240), a 25% discount (1165), or a 30% discount (1090). Why should the market be priced to a bubble under an environment of increasing taxes and regulation. But, why should the market be priced to a crash and panic.

So, for me, it is time to reduce risk but keep some arrows flying at the two birds in the sky:cheesy:
Click to expand...

In line with your post, stories like this are usually contrarian indicators.

http://finance.yahoo.com/news/Economy-grows-in-Q3-rb-243710096.html?x=0&.v=5
 
CH...

Think if the dollar keeps tanking, that the Euro snobs will be jetting over here to go on shopping sprees? Could be a good time to make some retail plays, huh?
 
fedgolfer said:
CH...

Think if the dollar keeps tanking, that the Euro snobs will be jetting over here to go on shopping sprees? Could be a good time to make some retail plays, huh?
Click to expand...

I see them all the time here in Orlando. Is it enough? Or will sentiment be the deciding factor? Goods news rewarded or punished? Tough call after this bull run. I can't see past the next day right now. :blink:
 
after that clear out, I can see some overhead resistance on the 15 and 30 min charts... nothing too meaningful on the daily... probably pretty quick as was the case in 10/5 thru 10/19. But I haven't been too accurate on the short-term... the intermediate though, I've been seeing it crystal clear. i'm going to need the help of the smarter tsp'ers to knock off the rose colored glasses though... I admit that weakness!
 
We may still see a follow-through rally today, but the action is not bullish. I'm seeing a lot of IFTs with folks moving in and out. This market is churning hard right now.

I got lucky yesterday when I caught that rally, but no one could bet on that happening. I'm looking for more downside action next week. If we turn up later this morning, I'm a seller of my limited stock position.
 
coolhand said:
We may still see a follow-through rally today, but the action is not bullish. I'm seeing a lot of IFTs with folks moving in and out. This market is churning hard right now.

I got lucky yesterday when I caught that rally, but no one could bet on that happening. I'm looking for more downside action next week. If we turn up later this morning, I'm a seller of my limited stock position.
Click to expand...

Too weak. Can't be sure we finish green, so I'll hold em'. At least I have some cash raised.
 
I"m just seeing today's market action for the first time here at 1345... pretty ugly drop. Like you, glad to have been able to get some out on yesterday's dead cat bounce.
 
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