Dr Faustus's Account Talk

Say Dr,,,,,, Your name sounds sooooooo familiar. Have you worked in New Jersey ?
Do you know a guy nicknamed "slappy"? This world couldn't be so small,
could it ?

No, I've never worked in New Jersey ... but I did visit Picatinny once. Don't know anyone nicknamed 'slappy' either, sorry!
 
Thank you very much. I joined you.

I can barely remember how it feels to have a couple of good days in the market. I appreciate your help.

Gail
 
Dan, you called it. It's up again. Made a lot of us very happy. I haven't had a gain like today in a long long time. Tomorrow I am in with you again 34G 33C and 33S. Hopefully we can squeeze one more day out of this rally.
With options expiration ending this week, there may be some profit taking going on this Friday. What do you think?? Thanks again for all your sharing.
Take Care,

Craig
 
With options expiration ending this week, there may be some profit taking going on this Friday. What do you think??

I had the same niggle in my head when I came in this morning. Add that we have a three day weekend coming up ... and I think that's there's a signficant chance for a downside move on Friday.

Now the charts aren't telling me this. The C-fund has broken above the +1 sigma bollinger band line, the S-fund is headed there as well.

But I'm going to go with my gut on this one ... So I'll be moving to the G fund for Friday. Would like to get a g-penny on Friday but I think that is going to pay off today, so I'll miss that.

Dan
 
Yeah, looks like we're sinking into the lower levels of hell today. If I had known Bernake was speaking today, I probably would have gotten out yesterday. He's turning out to be just like Greenspan ... everytime Greenspan spoke, the markets would tank. I can't tell you how often I avoided losses by getting out before he started opening his mouth.
 
Yeah, looks like we're sinking into the lower levels of hell today. If I had known Bernake was speaking today, I probably would have gotten out yesterday. He's turning out to be just like Greenspan ... everytime Greenspan spoke, the markets would tank. I can't tell you how often I avoided losses by getting out before he started opening his mouth.

Dan,
I love your candid - true to life - no BS commentaries.

Always a pleasure. :toung:

THANK YOU! (and you too Gail)
 
Looks like my enthusiasm is going to be short lived!!!
This game is like fly fishing. You just can't react and compensate for all the hazards hiding underneath that beautiful lazy stream running through the meadow. You have to fish close to the hazards because that is where the fish are. You get more snags than bites, but fishing in the middle of the stream results in nothing but a waste of time. On occasion, you can drift that fly passed the submerged tree limbs, rocks and trash in the stream. You hold the rod just right and drift the fly and line with no apparent drag to get a fish to take a nibble. The fly disappears; you lift your rod and set the hook. At that very moment, it's all worth it. Enjoy the upswings, and don't let the hazards take the fun out of it!!!
Have a great day, anyway.
 
Well, looks like we did everything right Wednesday. The presentation was great, the fish was hooked, but he got away when we tried to reel him in. Lost everything we gained yesterday. Al least the ride was fun. There are plenty of holes holding fish and always another cast.....plenty of opportunity for another fish. We will get our penny today at 100% G, hopefully.
Take care and have a great weekend. My long weekend is filled with honey dos...for my wife this time.

Craig
 
Looks like the call on the market tanking today was correct ... good call, Craig! We'll just havta keep our eyes peeled on when would be a good time to get back in.
 
Yeh, the C fund did come up at the end by .08%. We should see that today in the G fund. The S fund closed lower, the the 100G% was probably a pretty good idea, IMO. And with the low volume in the C fund, it is not indicative of any meaningful tread up. At least it closed up.
There is always next week.
BTW Dan, where does all this put us relative to the 20DMA? I hear Bernake (however you spell his name) called for more rate cuts. When is the next meeting of the financial gurus, where this might happen?
Corepuncher, sounds like your crystal balls is working very well. :) Are you still 100% C fund?
Have a great weekend.
 
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Well, here is the situation in the C and S funds ...

View attachment 3315 View attachment 3316

As you can see, we've hit the 20 DMA line in the C fund and are approaching it in the S fund as well. But notice this: The R-values for both of the interpolating curves (4th poly) are low, implying that there is a lot of volatility in this market - and thus there is a strong possibility of a significant move in the market on any given day. (like I have to tell any one of you that).

Also, the interpolating curves on both markets are flattening out, which could be signalling a move one way or the other. Now if you're an optimist, it might be a good time to get in. But I prefer to play "Wait and See" ... so I am going to continue to remain on the sidelines (ie, 100% G) for now.

I don't think the F fund can be considered a safe haven now, check out the following chart:

View attachment 3317
 
Thanks Dan, Those charts are a lot of help to 'really' see what is going on in the market. The S fund looks the most viable. But I agree with you about sitting on the sidelines to see how it all plays out. At least until we can get so reasonable direction in the markeet. If I was to venture in....the S fund looks like the most likely to improve. Although it is above the 20DMA, it is still trending down. I think our mistake last week is that we should have gotten in when we did, but then got out immediately, knowing that this market is so volatile. The market is closed today, so I guess we will see no changes and learn nothing today. :nuts:
Take care.:)

Craig
 
Hey ya'll... back from vacation and trying to get my head wrapped around work again. Markets are so volatile and more negative then positive still... I'm sitting on sideline in the F fund for today... gonna leave it there for tomorrow too.
 
Hey ya'll... back from vacation and trying to get my head wrapped around work again. Markets are so volatile and more negative then positive still... I'm sitting on sideline in the F fund for today... gonna leave it there for tomorrow too.

Good luck with that, Hall! (hey, how *do* you pronounce your screen-name anyway?) Looks like the stock funds are having trouble holding onto their gains, so the F-fund might actually be able to pick up a few bux!
 
11:30am EST and the F fund just took a steep dive. The C and S fund are headed south also. This is a crazy market. I'm in G, and will probably be there for a while unless something really good comes about. I used my two IFT's this month, but I don't think that this whole thing "really" takes affect until March or April....I'm not sure. My letter is like reading the IRS tax law books.
 
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