JTH's Account Talk

[JTH]

IFT EoB Today, 100C

With 1 Higher O & 2 Higher Xs, we have an ascending trend to work with. I normally wouldn't choose the C-Fund, but in this case, because I started the month in the F-Fund, I needed to shift the strategy to compensate. If the markets continue to rise, I'll reap the rewards, if the markets should choose to decline from here, this will leave 1 IFT to jump into the S-Fund, which on a percentage basis should decline further than the C-Fund.

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[Bquat]

I am waiting for a breakout above 2044 or 2045 so I may follow you if that happens. You go buddy.

 

[Khotso]

Here's to JTH getting his mojo working again!

 

[JTH]

Some interesting price action on the NASDAQ 100, we have a mini ascending triangle forming with the Triple Top @ X2, followed by a higher low @ O3.

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[JTH]

In case you missed it, the Transports have been putting in a strong showing, triggering an Ascending Triple Top Breakout on 6 Nov.

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Ascending Triple Top Breakout: An Ascending Triple Top Breakout is basically back-to-back Double Top Breakouts. These breakouts form three X-Columns that ascend with each breakout. Because there are three X-Columns and two O-Columns, the pattern is just as wide as a classic Triple Top Breakout. The ability to forge back-to-back higher highs shows underlying strength that is indicative of an uptrend. As with the other patterns, this Ascending Triple Top Breakout can form as a continuation or reversal pattern.

 

[JTH]

Wilshire 4500 fell just short of triggering another Double Top Breakout. After shallow pullbacks, the previous 3 columns of Xs produced sizable gains, if the most recent column of Xs produces similar results, then from current levels we can expect an additional 2.75-3.75% gain.

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[JTH]

The S&P 500 adds another X to the column today, for the upside I'll be looking for 2085, for the downside 1984, we may need to hit the latter before the next leg up.

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[JTH]

AGG adds another column of Os today, with a lower O4 and higher X1, I count the trend as undefined. If O4 gets violated, I suspect it means the gas peddle will get floored for stocks.

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[JTH]

Some interesting price action on the NASDAQ 100, we have a mini ascending triangle forming with the Triple Top @ X2, followed by a higher low @ O3.

Not much price action today, but the NASDAQ 100 managed to just eek out a Triple Top Breakout.

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[JTH]

AGG adds another column of Os today, with a lower O4 and higher X1, I count the trend as undefined. If O4 gets violated, I suspect it means the gas peddle will get floored for stocks.

AGG adds another column of Xs today. With this price move we now erase the lower low, now having both a higher low & high established and the beginning of a trend on the .05% box scale.

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[JTH]

Wilshire 4500 fell just short of triggering another Double Top Breakout. After shallow pullbacks, the previous 3 columns of Xs produced sizable gains, if the most recent column of Xs produces similar results, then from current levels we can expect an additional 2.75-3.75% gain.

Today, the Wilshire 4500 triggered an Ascending Triple Top Breakout, with a 1067.82 price objective which is about a 2.35% gain from current levels.

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Ascending Triple Top Breakout: An Ascending Triple Top Breakout is basically back-to-back Double Top Breakouts. These breakouts form three X-Columns that ascend with each breakout. Because there are three X-Columns and two O-Columns, the pattern is just as wide as a classic Triple Top Breakout. The ability to forge back-to-back higher highs shows underlying strength that is indicative of an uptrend. As with the other patterns, this Ascending Triple Top Breakout can form as a continuation or reversal pattern.

 

[MrJohnRoss]

Glad you're keeping your eye on the P&F Charts JTH. I've never studied them like I do candle charts. Keep up the good work.

 

[JTH]

Glad you're keeping your eye on the P&F Charts JTH. I've never studied them like I do candle charts. Keep up the good work.

Thanks, just trying to stay engaged and press through the recent apathy

 

[WorkFE]

Fight the good fight one day at a time. No pressure, Month and a half left.

 

[JTH]

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[JTH]

Looking at the .75% box chart on TNA, back on 10 Nov we triggered a Bullish Triangle Breakout, but today we triggered a High Pole Warning (although in this case, it isn't a large price range). Nevertheless, we still have a bullish 81.21 price objective which is about a 6.40% gain from current levels.

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[JTH]

Some interesting price action on the NASDAQ 100, we have a mini ascending triangle forming with the Triple Top @ X2, followed by a higher low @ O3.

Not much price action today, but the NASDAQ 100 managed to just eek out a Triple Top Breakout.

One of the things which has kept me in the markets is the performance of the NASDAQ 100. Back on 28 Oct, the Bullish Price Objective was established by a vertical count based on the pink box, the reason why it's such a large price objective is because this particular vertical count had a large price range. Since that count, we've gained 12 boxes or 3%.

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[JTH]

In case you missed it, the Transports have been putting in a strong showing, triggering an Ascending Triple Top Breakout on 6 Nov.

Transports continue forging ahead, thus far we have established four higher Os & Xs. Adding to this, on 14 Nov we triggered another bullish signal with an Ascending Triple Top Breakout.

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[JTH]

Today, the Wilshire 4500 triggered an Ascending Triple Top Breakout, with a 1067.82 price objective which is about a 2.35% gain from current levels.

Not much movement for the Wilshire 4500 this week. On 14 Nov we added another column of Os. With a forth higher X established, the goal here is to create a forth higher O.

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[JTH]

The S&P 500 adds another X to the column today, for the upside I'll be looking for 2085, for the downside 1984, we may need to hit the latter before the next leg up.

Not much movement, for the week the S&P 500 adds 2 Xs.

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