JTH's Account Talk

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I believe that premium services are beneficial for new investors seeking information and education. Investing with Roman Gladiators in our big arena can be very intimidating.
 
Intrepid_Timer said:
Just because someone might be a premium service member, it doesn't mean they are following that service exactly. The premium services have been around for quite some time and it is just now a problem? I understand your points, but the tracker was never really meant to be a competition and to be used as information to make one's IFT decisions by. It was meant to hold people accountable and to give one an opportunity to see what their daily return for TSP is. Otherwise, we have to wait until our PIPs are posted once a month. If JTH or anyone else that wasn't a premium member was at the top of the tracker and a lot of people started following them, then that would also skew what you say you are using the tracker for right? Every year there will be a different "leader" as everyone will have their ups and downs. If one constantly just makes their IFT decisions on whoever is at the top at the time, they'll likely start following someone just as they are about to have one their "down" periods. For this reason alone, I don't recommend using the tracker for anything other than to see how you are doing. Just my opinion of course.
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Humm... yes I do like it as a daily tracker...makes life easier... so sorry Tom. Thanks for the Tracker. But it would be nice if premiums had double asterick or something by their name so we know not to look at their allocations. So I wonder, if the allocations on the tracker for PS members are false, does that also falsely affect their rate of returns on the tracker? So when does that rate get trued up? At month's end?

Also, the tracker does inspire competition. Those mugs are great and valuable!!! ... I know Burro sent me one cuz he felt sorry for me, plus he liked the sock monkeys. But I do not want to buy one... I want to win one! Yes.. I am a little competitive so I'm sulking. :worried: but truely just a little :)

As for following the leader, I have no problem with that.....matters not at all to me. If people didn't like follow the leader they probably would not pay for premium services.

Don't get me wrong....I like my strategy but I am also in learn mode so if i see someone excelling I want to know the method to their success----what was occurring up to their reallocation to make them go the way they did. If you have false information on the tracker, then it can't be relied on for anyone but yourself... and can't learn from anyone else's successful executions or unsuccessful executions for that matter. So with false information, there really is no reason to look at what anyone else is doing, or to track how well you are doing in comparison to anyone else because there is no way to know if it is true. Okay.. enough said...i guess I beat that horse more than I should have. :embarrest:
 
I agree with IT and JTH on the Tracker as well. It's really just keep you honest. I think its foolish to try to follow someone's moves by watching the tracker because you can't learn why they chose to make an IFT. Plus, you're not really sure about their actual goals. Are they close to retirement or just playing conservative? Does their AutoTracker account actually mimic their TSP account? I find the best way to up your understanding is by learning from those who post charts with explanations and reading up about the indicators. Once you start to apply the indicators yourself, you begin to learn why and how they work the way they do and you get better at applying them.
 
Nothing new to report, we do have intersecting support @ March 10th within the red circle @ 1720 where the 6-month rising trendline & the 2-month descending trendline meet, this is also where the 200 SMA resides.

View attachment 27250
 
And i also agree with a lot of people here. You cant follow one thing. I follow nobody and yet i watch many things and people like jth, johnross, uptrend, tom, autotracker, it and a few others let alone all the material to read.

Sorry jth, but i did go premium service. I dont follow his system in any exact way but i do like to see what he and others are doing. Sometimes i even make the move he suggest, but not always.
 
On the hourly TZA there is a gap fill at 16.12 this is where I'll attempt an entry
 
Honestly I'm confused over today's increase. What's driving it? :confused: I read Wal-Mart's earnings as bad and the jobs figure as neutral.
 
The market can discount the future out any where from 6 months to 18 months - and may see something that the majority don't currently recognize. That's why it's best to stay future oriented as an investor. The market's long term momentum continues to remain strong and indicates the risk of a bull market top remains remote.
 
BichonFreeze said:
Honestly I'm confused over today's increase. What's driving it? :confused: I read Wal-Mart's earnings as bad and the jobs figure as neutral.
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still too much fear in the market for a substantial pullback. call me cynical but i'm convinced the market is designed for average joe to lose. if the investors are too afraid / on guard, the market will creep up. it'll correct when people start getting greedy and fearless. thats just my take though, i adopted a bit of a contrarian style of investing and that's worked better for me than TA
 
Some quick notes over the 15-minute chart:

There is a second gap at 1799.77 I failed to identify during the upwave. The 9-day trendline was violated at the top (see red circle.) I drew in a 2nd trendline, I want to see if its support will hold (see green circle.) I've noticed there are plenty of folks who may think the trend has reversed, it hasn't, nothing has changed, the game is to get as many buyers sucked into the last upwave before the institutional buyers pull the rug out...

View attachment 27264
 
JTH said:
On the hourly TZA there is a gap fill at 16.12 this is where I'll attempt an entry
Click to expand...

Yes, I'm still trying to get that 16.12 gap fill as an entry into TZA. Regardless, it's never a great idea to go short on a long bull market, I'll be keeping a tight stop on this position.

TZA Hourly
View attachment 27274
 
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