ILoveTDs Account Talk

[ILoveTDs]

And good luck to you too, although i don't think you'll need it.

Your skill, diligence, and effort will carry the day.

Knock 'em dead, kid. Knock 'em dead.

You got this one now. Take it down.

Thanks for the support Burrocrat, it's always appreciated .

However, I do need the luck. Anyone who has followed my comments knows I think we are gambling with our retirement (because its in the stock market and doesn't make sense) and treat it as so. I've given my Black Jack analogy a few times. FYI, my last two years have been dead flat.

I have no disillusion I know what I am doing. When people are talking these charts with Head and Shoulders this and that, and inverted cup and handle, or candle flame, I have no idea what they are talking about; maybe I'll learn as time goes by but I am oblivious as of now. (I'd love to do lunch with you tom (on me) and have you explain it ..Oaks Ogden canyon PM me?).

Right now I can comprehend an SMA, seasonality, and gut check. I also love looking at the lunar calendar...thank Intel. My feeble mind can understand if we have 6 down days we are due for a couple up days, because I'm due for a good hand (casino cards). Other then that I know nothing, and just happen to be sitting at a hot table. WISH ME LUCK!

And best of luck yo you.

 

[bmneveu]

Futures don't look pretty and could have prices hitting your target you were looking for. Good call! I'll be looking at an entry today but am also tied up around IFT time. Good luck today!

 

[ILoveTDs]

Pulling the trigger, and trading on the futures (S&P down 9 currently).

Going 100% S Fund COB.

 

[WhoDey]

I'm tempted to enter also (currently sitting in G), but would like the markets to show some direction. Right now, it seems like we're just muddling along waiting for something to happen ... either upside or downside ... could go either way IMO.

 

[ILoveTDs]

Nice to see you coming in the water with me bmneveu. Like you I played in the I fund once too, but haven't touch it in close to a year.

 

[ILoveTDs]

Wow, just got a second to look at the action I missed today. S&P was down 15 at one point - crazy.

 

[ILoveTDs]

Best of luck bmneveu.

We just kissed the 80 day SMA for the S Fund today. Ideally an entry point for me will be 4-6 down days in a row and us kissing the 20 day SMA (currently 21.95). We'll see though.

Wow, I got the exact entry point I wanted. The S funds been down 6 days in a row, and due to the 20 day SMA dropping horrible June days its actual gone up to 22.10; today's close 22.11.

It's almost so perfect it's spooky, kinda freaking me out.

 

[burrocrat]

How'd it go today? Walk out of there feeling like you nailed it?

 

[ILoveTDs]

I don't feel like I knocked it out of the park, but I fell like I passed so that's all that matters.

The best part is I already passed the other three parts, so if I passed I'm done.

 

[burrocrat]

So you got it done then. Where do you go from here?

 

[ILoveTDs]

I plan on staying were I am at.

But I think I might start up a small tax practice on the side, maybe teach in the future.

 

[Sensei]

... maybe teach in the future.

Those who can't, teach. And those who can't teach become administrators. :nuts:

Seriously, though, good for you for advancing yourself professionally. And nice trading so far this month. There's a lot of daylight between us now. Gives me a project for the rest of the year.

 

[bmneveu]

Wow, I got the exact entry point I wanted. The S funds been down 6 days in a row, and due to the 20 day SMA dropping horrible June days its actual gone up to 22.10; today's close 22.11.

It's almost so perfect it's spooky, kinda freaking me out.

Very nice entry! You're IFTs have been damn near perfect so far this year. You'll be at the top of the AT in no time

 

[ILoveTDs]

Alright, heading to the mountains for the weekend, singing off ... see you Sunday.

 

[mayday]

Very nice move yesterday into the S-fund. You could not have planed it better.

 

[ILoveTDs]

Right now I can comprehend an SMA, seasonality, and gut check. I also love looking at the lunar calendar...thank Intel. Other then that I know nothing, and just happen to be sitting at a hot table. WISH ME LUCK!

Thanks, now time to start looking for the door. Though i think I'll be in a few days at least...if not longer. I'll have to look at my spreadsheets tomorrow.

My technical thoughts. I believe the gap between the 20 and 80 day SMA has shrunk, if so I'm not sure if I want the 80 day to be my exit point. Also if my memory serves me right from when I looked last week, another 2-3% and I think the 20 day SMA crosses the 80 day SMA, which for me is a median indicator were starting an uptrend. If that's correct (I'll confirm Monday) it'll be time to start pumping the breaks on these bump-and-runs and coast into riding the wave up.

My gut thoughts. We just had six down days in the S Fund I think we still have a few up day in the short run. In the long run, debates are around the corner and Obama is going to get slammed on this economy unless the market starts moving up, time for political manipulation of the markets to the upside until election day at least.

My seasonality thoughts. Second half of July is usually good for a percent or two, so considering we got 1.4 Friday the average should be up down up down from here, if your timing you might get some more, but buy and hold you probably got what your getting for July. August is usually good for a percent or two for buy and hold. Over the next 6 weeks, I think it's worth the risk to sit in the C/S Fund, you probably won't make much, but you'll beat the G/F Fund.

Not sure what my out point will be yet, but as you see I feel optimistic for the above reasons. Just my two cents.

 

[bmneveu]

Thanks, now time to start looking for the door. Though i think I'll be in a few days at least...if not longer. I'll have to look at my spreadsheets tomorrow.

My technical thoughts. I believe the gap between the 20 and 80 day SMA has shrunk, if so I'm not sure if I want the 80 day to be my exit point. Also if my memory serves me right from when I looked last week, another 2-3% and I think the 20 day SMA crosses the 80 day SMA, which for me is a median indicator were starting an uptrend. If that's correct (I'll confirm Monday) it'll be time to start pumping the breaks on these bump-and-runs and coast into riding the wave up.

My gut thoughts. We just had six down days in the S Fund I think we still have a few up day in the short run. In the long run, debates are around the corner and Obama is going to get slammed on this economy unless the market starts moving up, time for political manipulation of the markets to the upside until election day at least.

My seasonality thoughts. Second half of July is usually good for a percent or two, so considering we got 1.4 Friday the average should be up down up down from here, if your timing you might get some more, but buy and hold you probably got what your getting for July. August is usually good for a percent or two for buy and hold. Over the next 6 weeks, I think it's worth the risk to sit in the C/S Fund, you probably won't make much, but you'll beat the G/F Fund.

Not sure what my out point will be yet, but as you see I feel optimistic for the above reasons. Just my two cents.

I like the bullish technicals analysis! My prediction for this week: volatile due to china/Europe/earnings, but ultimately higher. Should be an opportune week for day/swing traders. I'm in now but will look to trim exposure on the next big up day.

 

[ILoveTDs]

Yeah the 20 day and 80 day are converging. Friday it went from kissing the 20 to kissing the 80. I'm thinking maybe a 22.75 - 22.80 exit if it hits in July. Otherwise reassess what I want to do at the end of the month.

 

[burrocrat]

Hey td, i just noticed you are top return so far this month and in the top 10 on the year.


Outstanding bit of work there. Keep on keepin on.

 

[ILoveTDs]

Thanks Burrocrat, I've been lucky this year and was due for one. I had been flat the last two. Hopefully the mojo lasts for at least a little longer, and I'll keep posting my thoughts for what they are worth.