JimmyJoe's Account Talk

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End of Monday trading, 100 C. Silver down to $20/oz August. That's my Sunday report.:laugh:
 
Hello folks. Tsp life is good and will continue to be so in the upcoming year. I have a question to anyone with the tools to look back on the S&P's previous levels at 1500. I can only grasp at a general length of time that our 1500 levels have maintained this high. Specifically, how long during the previous highs of 1500 was this level maintained? What I want to know is just how much we can rely on this 1500 plateau to become our base, or support? Have we broken the record for time spent on, above, or around-about the 1500 level? It's now been from the 25th of January, say 6 weeks. So are we doing the best ever around-about 1500? Are we set for remarkable gains here to fore unseen because of such a strong support? In such a case, it would be like lying in a hammock, raised incrementally by helpers, so that I may waft in the tropic breeze at tree top level.
 
JimmyJoe said:
Hello folks. Tsp life is good and will continue to be so in the upcoming year. I have a question to anyone with the tools to look back on the S&P's previous levels at 1500. I can only grasp at a general length of time that our 1500 levels have maintained this high. Specifically, how long during the previous highs of 1500 was this level maintained? What I want to know is just how much we can rely on this 1500 plateau to become our base, or support? Have we broken the record for time spent on, above, or around-about the 1500 level? It's now been from the 25th of January, say 6 weeks. So are we doing the best ever around-about 1500? Are we set for remarkable gains here to fore unseen because of such a strong support? In such a case, it would be like lying in a hammock, raised incrementally by helpers, so that I may waft in the tropic breeze at tree top level.
Click to expand...
Hope this chart helps. White line 1500 and is why everyone is worried about MA pattern. Whereas when we break to go down the right side of the A has a 95% chance of going all the way back down. I'm thinking for new highs but have eyes open.
 
Bquat said:
Hope this chart helps. White line 1500 and is why everyone is worried about MA pattern. Whereas when we break to go down the right side of the A has a 95% chance of going all the way back down. I'm thinking for new highs but have eyes open.
Click to expand...
S&P 1700 by Jan 2014, with no downturn in between.
 
Since we are soon to be in uncharted territory for the SPX we could easily see 1600 by the end of March - where it goes from there is wide open. At any rate I'll ride the wooley beast for as long as possible. Please hurry - I need margin for buying my little angels.
 
The "tell" today is the losing trend of the bond market. It is barely hanging in there. Let's have a good final hour in stocks leading to tomorrow.
 
If we get a continuing blast off tomorrow the world will take notice - stand back from the exhaust. Birinyi says a current and careful review of the historical data suggests that the bull market would still have a long way to go if and when the dow reaches a new all-time high. People are still fighting this bull and that's a positive. The bull likes to take as few people as possible to the top.
 
Birchtree said:
If we get a continuing blast off tomorrow the world will take notice - stand back from the exhaust. Birinyi says a current and careful review of the historical data suggests that the bull market would still have a long way to go if and when the dow reaches a new all-time high. People are still fighting this bull and that's a positive. The bull likes to take as few people as possible to the top.
Click to expand...
I'm going to sit in coach for a while. Just went 15%F. Still 85% C,S. We will see. I'm still bullish.
 
End of the day 1550. And, well you all know, stocks will make us rich. You think I'm kidding.. He he. I'm not. 3% monthly gains. Go for the gusto.
 
Richard Benstein says the 2013 bull market equates to 1982 - one of the most powerful bull runs ever. "The current bull market might be one of the strongest of our careers, and could potentially rival the 1980s bull market."
 
The article attached ho hums the performance of the SPX for this year. However, in the chart comparing the previous years to the more recent years in the blue color, you'll note that these highs have been higher and stronger than for those in the previous years colored red. We are at the 1500 level earlier this year, during the cold winter months. Wait until Spring. All this tells me that we are not yet at our top for the year, not nearly. And for 2013, we will see a 1600-1650 level beginning April through to the end of a 1700 SPX year. Comparable inflation from 2007 level will help to insure this to be so, and that there will only be head fakes for pullbacks this summer. My bet is that this summer will see only gains. I want to add, viewing this chart, I am finally revealed just how long the previous 1500 level was maintained and that was for five months, just eyeballing. So, the new base will be 1600 and will last through the summer untill Fall, at which time the market will go from 1650 to 1700 easily by the end of the year. http://blogs.marketwatch.com/thetell/2013/03/07/sp-500-chart-appears-to-repeat-history/
 
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