jpcavin's Account Talk

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Don't be surprised if we see another 3 digit Dow upday tomorrow - we will see many multiple 3 digit Dow up days in a row in the future.
 
FV is fair value nonsense that Barclays uses to keep traders from exploiting the I fund - it involves the movement of the dollar.
 
Thanks "Mr. Tree" :D and James for the info.
I had a feeling of what the abbreviation FV was but wasn't sure how it was being used/applied.
 
At week #105 from the March '09 bottom I gave back $103K, last week #106 I gained $1K, yesterday starting week #107 I gained $88K - so I'm in position to gain back my devaluation from week #105 and perhaps more. Yes, money flows like the tides. This is my oceanic account movements - and I'm anticipating I'll have flower power buying real soon.
 
Looks like my only move is into "G" so I guess I am staying in eguities for the ride. It took forever to jump back in and I don't like sitting on the sidelines while everyone else is making money. :D
 
Wow, the market is doing really funny stuff this morning. Hope everyone took their BP medication. :D
 
Birch,
This is where I am confused and I hope you can explain in a little more detail. My take on what I read about the VIX and I am strictly talking definition because I don't have all the knowledge to put all the pieces of the puzzle together. My take was that when the VIX goes up, the stocks go down and when the VIX goes down, the stocks go up. Am I to understand that because it's going down fast...it can only go so low before it shoots up again?
Thanks in advance. :)
 
The VIX is an emotional indicator for futures trading - when it gets to 14.66 is when I will worry and that may take several months. A low reading demonstrates complacency and as a renegade contrarian that's when I get nervous. A reading of 31 doesn't bother my courage at all. I'm a future oriented investor. Sticking to a long term strategy is key to generating solid long term returns - that's my secret of success. Also, 2011 is the last year that two key yearly cycles - the 4-year and the 6-year cycles will be in the ascending phase - keep that in mind.
 
How does complacency affect the markets? Is it a possible precursor for a big sell-off?
 
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A good article. But remember this is not a science and cycles can be late or early depending on the levels of liquidity available - I'm a firm believer in cycles.
 
Birch,
Other than personal experience and trial and error, are there any good books you've read on the subject of markets (charts, cycles, investing, etc) that really stand out in your mind and definitely worth reading?
 
Who has time to read books? I only read the WSJ and stuff on the web. You should contemplate a subscription to Barron's - it only comes on Saturday and will not inundate you with worthless information. I did read one book years ago titled The Money Changers. Otherwise I just fly by my sticky pants. If you want oodles of information the expensive Wall Street Transcript is purrfect - I got it for one year many years ago. You can also perhaps find a copy at a college library - University of Florida keeps their copy under lock and key.
 
True, but some things I can't learn through osmosis. :D I still don't have a grasp on RSI and how to use it to my advantage. Don't want all the useless detail. Just the basics/foundation.
 
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