FogSailing's Account Talk

[hessian]

Hesh:
Looks like earnings and home sales are going to make for a good day today..It's crazy...Asia was down and Europe up...it's really difficult to figure this market out..
I'm not certain whether to stay in tomorrow. I'm hoping that Griffin gives us a clue what he's up to..Right now I'm thinking 50 G, 50 S...but I'm still holding..
FS

Hey FS, I'm here with you/holding on!!
New event - chart below - James34432 and I been watching this one ("S") for weeks!
If you know p&f's, NEW Xs just broke the red Bearish Resistance line this morning at 11:17 today - and a NEW blue Bullish Suport Line just formed under all! (Note the NEW Bullish PO number too! - this worm just turned!)
Its just another factor, for consideration/confirmation (i.e 12%'s call earlier) - not meant as advice - who knows what tomorrow/Ben will bring.)
VR
View attachment 2785

 

[airlift]

This is great stuff!

 

[kar_crazy]

watz up F S i sm still riding the Sssnake pit & hoping santa will buy me some gears for the ole heap i guess plastic so i can have it shipped same day still have till feb to put her back together i am going to pull transmission and have it freshened and i will replace bearings in motor better and cheaper to be safe than sorry G l out there

 

[FogSailing]

Hi KC, WV, Birch, and Airlift...and Hesh:

It was a great ride today...now I'm sorry I pulled back.

Hesh, I think James has it right..as does 12%, and Griffin. The S fund is still the lagger. Now if Santa Ben ends up giving this market some rocket fuel tomorrow...stand by...presents for everyone....were heading 1530 and beyond..Yahoo!!!!

FS

 

[kar_crazy]

morning F S doing better hope your making money watch out for that three alarm deer chilli it sometimes bites back:nuts: today might be choppie seas up and down & hopefully with luck end on up side G L my friend

 

[kar_crazy]

well the old SSsnake went red but thats why i dont want anyone to follow weck this a duck hunt game and i was not good at that lol

 

[nnuut]

KC the S&P is up against the 1493 resistance level AGAIN. It stopped right at it AGAIN, this is a hard NNUUT to CRACK. If we can get above it we should go back up, but that is to be seen. IF we drop lower tomorrow I will probably BAIL OUT, if we break through the "S" is the place to be, I THINK! I wouldn't sit in the "S" all the way down to the bottom again, if I was you.

 

[kar_crazy]

man i heard that, bottem of barrel has big splinters :laugh::nuts: i am hoping to be by key board and ready to pull trigger oh i said 50 fricken trees earlier make that about 350 trees down and my tree stand did not weather well smashed $1500.00 gazebo how ever that is spelled smashed to smitherines not to mention 80 feet of fence man cant wait for spring bon fire big time NORM bring the wine looks like a tornadoe really, but dog is great and i am week at knees but feelin 50 50 dont want to say 90%just yeat need to go back to doc N see what he thinks after sleeping on it man i have to get ready for race season gears and 3rd member should come in next week but im in no shape to pull motor and trans just yeat G L out there those that are crazy like me and are riding tomorrow

 

[nnuut]

I know about falling trees, was in Hurricane HUGO, went right over my house. I don't even want to talk about it. Wore out a PULAN Chain Saw!!
The Market is like that now!!

 

[FogSailing]

I was tempted to put my toe back in the pond...but I'm tired of getting bitten so often...so I'll on hold until the situation clarifies itself.

If it falls...Griffin is suggesting resistance levels could go down to 1410...I wouldn't think it would go so low so fast at this time because of the recent decline...but only the big boys know..

Uptrend has provided even lower resistance lines...and to think that only last week I was compemplating a Dow at 14000..


Well, the big boys haven't had their UP day yet, and that is in the back of my mind as well..

Good Luck All..Happy Holidays..

FS

 

[FogSailing]

Well, I'm feeling the irrational exuberence...so I'm going in a whole 50%...25%C, 25% S...

I was tempted to put my toe in yesterday and by the looks of the positive market today..should have followed by gut feeling...but like many of us, I was hesitant just because..

Honestly, I'm still hesitiant...the markets have moved up very quickly today....if you're in today...congrats...I'm just not sure it lasts all of next week. The good news is that we don't have anything major on the economic calender until 12/27..so, maybe we can have a couple of nice days...I'm also hoping that since markets are oversold...maybe we get a little relief..

Let's hope Monday and Wednesday are good days for all of us..

Good Luck and happy Investing All..

FS

 

[FogSailing]

I'm going to be out of touch for a few days so just wanted to wish everyone of you TSP Talker's the best for the Holiday Season!!!You guys and gals are great!!

Special thanks to Show-Me, James, Tom, and all the Board's leaders, moderators, and participants who have worked so hard to advocate and protect our rights. Thanks you guys!!

FS

 

[FogSailing]

As I'm writing this, Asia is down 335.00 points. Who knows whether Europe will be positive when I wake up. The OSM's are often in disagreement. I hope for an upside for the USM for at least a few days, but it may not start tomorrow. The economic news isn't exactly perky so I'll wait to see if I'm going to go in further on Tuesday.

We're beginning a week that should be GREEN, and if tomorrow goes RED, I'll probably still jump in and ride the wave based on the history.

Good fortune to all!!!

FS

 

[kar_crazy]

morning F S alot of us are taken this beaten knowing my luck if i bail it would go heavy green i just cant seem to get out just yeat G l and hold on tight & hope for a turn around

 

[kar_crazy]

morning F S alot of us are taken this beaten knowing my luck if i bail it would go heavy green i just cant seem to get out just yeat G l and hold on tight & hope for a turn around

and still holding on fwiw

 

[FogSailing]

Good to hear from you KC. I'm down a quite a bit (about 5%) now since 12/30,...but I've decided to just hold there, although Griffin is now suggesting a move to the sidelines and accept the hit. The markets are due a bounce, but how big is questionable unless some real big extra good news comes along...I hope so!!

Good Luck in the market KC,,

FS

 

[FogSailing]

Well, I'm happy to see the bleeding slow down for a few days thanks to Uncle Ben's tournquet, but my happy feet aren't dancing yet. I think Kramer is being less than candid by indicating we are close to a bottom. I still beleive we have a downside headed our way based on upcoming disclosures from the bond insurance markets, and more disturbing subprime news this quarter.

So, the dreaded R word is the first thing I'll be thinking about for the next 60-90 days. I'm going to just stay the course for a few more days....just in case I'm wrong...certainly wouldn't be the first time. Tom's thought is that you can make money if you can be nimble in this market...Guess i need to start those yoga lessons..

Good luck in investing all..Be careful out there..

FS

 

[FogSailing]

Finally got my love letter from the TSP Board. So after completing 35 years of service, receiving the DOE Meritorius Service Award and more than few Secretarial honors along the way...and completing 6 years of honorable service for my country in the military back in the 70's, I get a "you are a bad boy letter from those dingbats"....

Oh well...2 trades a month it is..Looks like the unions bailed on us....I wrote the Assistant Legislative Assistant at NARFE. His opinion is the jury is out ut don't count on any help..They sound like they have other battles which they think are bigger fish..so I don't see the cavalry coming in unless federal employees became aware of what is happeneing and get upset and made it known..Really, that's expecting too much out of the DC feds..and my guess is that majority of feds don't understand their TSP or use it effectively..The sad thing is that this restriction will hurt federal employees or a long long time..

Still hanging tough with 50G, 25C, 25S...

FS

 

[FogSailing]

I remained confused about how to play this market. In my opinion, more of a boo boo bear marker tan a yogi bear market..This mornings news ..GM down 722M...Buffett offering to assist bond insurers, 4% of regular mortgages starting to look bad...dogs and cats living together..and the market is rallying....hmmmm

I think we're in for a slide again...i may jump out until we get under 1300...

Best to all of you..

FS

 

[ContrarianJeff]

It's often said that the market's reaction to news is more important than the news itself. You may be right in thinking that today's market reaction is nothing but a dead cat bounce based on wishful thinking. On the other hand, it could be that the market has already priced in all the horrible news. And because today's news from GM, Buffett, the Philly Fed, etc, may be perceived as better than expected, this could be the beginning of a sustained move up.

I actually think that the market's reaction today shows that a bottom has already been formed, and that we are going up (in fits and starts) in a big way. I believe your skepticism is shared by most traders and investors. And as a contrarian, I think that bodes well for stocks in the short and intermediate term.