Intrepid_Timer's PUBLIC Account Talk

Big one market fall or big one market rise is the question. I new to this so I really don't want to see AGG in 102's right now.

Aha.. Wife walked in door with one of the new in refrigerator kegs and I put the eagles record on of "take it easy"

WHo needs stock market anyway...:blink::nuts:
 
IT,

You statement reminded me of the sign I see in the bar/restaurant close to house. Says "special- --free beer tomorrow". Always chasing something it seems...
 
IT's

just want some insight for tomorow, i am almost certain that i do not want to hold FAS over the weekend, but if you got your magical formula/signal that is telling you to hold then i will think twice :cheesy:
 
IT's

just want some insight for tomorow, i am almost certain that i do not want to hold FAS over the weekend, but if you got your magical formula/signal that is telling you to hold then i will think twice :cheesy:

Possible sell signal for tomorrow, but won't know for sure until tomorrow. If not, most likely Monday will be a sell signal...............not predicting, just saying...............;) Will know about 11:45am EST tomorrow.
 
Possible sell signal for tomorrow, but won't know for sure until tomorrow. If not, most likely Monday will be a sell signal...............not predicting, just saying...............;) Will know about 11:45am EST tomorrow.


IT's

thanks please keep those of us following your trade posted.
 
FWIW, one floor trader this morning on CNBC in the 6-7 hour was firm that the market is coiled and ready to move up "with conviction".
 
FWIW, one floor trader this morning on CNBC in the 6-7 hour was firm that the market is coiled and ready to move up "with conviction".

It's amazing the manipulation. In the 2 weeks since this rally started I've seen some prolific traders flip their stance from bearish to bullish in a heartbeat. That's not unusual in and of itself, but some of them are longer term traders and short term stuff doesn't usually affect their logic.

CNBC has been especially manipulative. A trader on Trader's Talk had this comment yesterday...

"Isn't it interesting to see that CNBC has now taken the RUT rolling ticker and replaced it with the SP600. Just maybe it's an attempt to cover up signs of underlying weakness."
 
FWIW, one floor trader this morning on CNBC in the 6-7 hour was firm that the market is coiled and ready to move up "with conviction".


i'm not sure how true this is since i am not in the market long enough to have experience but according to what i heard, whatever CNBC says it's actually the opposite of reality lol and some of you guys can correct me if i'm wrong.
 
i'm not sure how true this is since i am not in the market long enough to have experience but according to what i heard, whatever CNBC says it's actually the opposite of reality lol and some of you guys can correct me if i'm wrong.

That's an accurate assessment. All this noise influences sentiment, and in so doing provides opportunities for those astute enough to take advantage of them.
 
Got that sell signal. Will be staying in the F fund in my TSP and selling my Fas and buying Faz in my trading account.....................
 
When your system flips, do you get levels of indication?
Like wishy-washy, slightly, extreme ?
 
Agreed, thanks for the update. Regarding your outside account, have you considered getting a margin account so you can short fas/faz, rather than long faz/fas? If you're holding for more than a few days, you'll likely benefit from the built in decay. I rarely go long anymore. If I want to go long, I'll just short a leveraged inverse etf. (unless I can't get my hands on any to short of course... that's the only time I buy.) Just my 2 cents.
 
Sold Faz Friday at $13.60 for a loss of 6.84%. Bought Fas at $21.45.

Beginning balance on 01-04-10: $10000. Current balance: $16752. (Up 67.52% for the year)

Just sold Fas at $22.15 for a gain of 3.26%. Bought Faz at $13.14.

Beginning balance on 01-04-10: $10000. Current balance: $17298. (Up 72.98% for the year).
 
Back
Top