JTH's Account Talk

[JTH]

As usual, what good does it do you to know how to read charts, if you can't translate the proper timing of your IFTs?

 

[XL-entLady]

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Hang in there, my friend. We really appreciate your charting skills!

 

[JTH]

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Hang in there, my friend. We really appreciate your charting skills!

Thanks Lady, it's good to know you are still nice to me, even when I haven't been on my best behavior.

 

[JTH]

My IFTs have been all about SPX 1150. Based on the previous 1150.45 peak & the intermediate Fibonacci 38.2% retracement at 1152.84, these levels need to hold or my I-Fund IFTs will have been worthless.

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[JTH]

Some of these levels are getting knocked out like they don't even exist.

For those of you who are new, you may want to read my blog on the 1987 crash.

 

[JamesE]

Yeah, this is getting ugly....fast. I'm gone before long, no way am I taking a haircut like they got in '87. (I was 21 and didn't have two nickels)

 

[FAB1]

If we close at this point Or further down, just about all my gains for the year will be history. You can see todays IFTs for my reaction. hmm.

 

[JTH]

you should have the heard the words that came out of my mouth just now...
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[CrabClaw]

I hear them!

total carnage right about now

 

[Birchtree]

It smells like March '09 and that was pure foolishness - once this day is done we'll most likely reverse when the program traders are finished selling on technical breakdowns. Let'em sell and then we move forward. I'm not selling anything and will hold my positions - it's good to have dividends at times like this. I am of course nervous but not panicky.

 

[JTH]

Talk about being a day early on your IFT

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[sdouglas3]

Talk about being a day early on your IFT

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JTH, have you started drinking yet or jumping off the top of your pod? Good luck to you my friend.

Steve

 

[jdphx]

Talk about being a day early on your IFT

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Me too Jason....

Hey. I've got another IFT, and 15% on the sidelines.
Down again in the am, and I'm gonna fire that in the
market too!!

That'll teach 'em....

 

[JTH]

JTH, have you started drinking yet or jumping off the top of your pod? Good luck to you my friend.

Steve

Me too Jason....

Hey. I've got another IFT, and 15% on the sidelines.
Down again in the am, and I'm gonna fire that in the
market too!!

That'll teach 'em....

Oh I'm so gonna tie one on tonight...

 

[JTH]

It's hard to find an entry point when you're at the top of a descending price channel. Still, there is some good news out there. We haven't closed below the February lows on the weekly chart and the last time we put in a large group of volume above its 50MA was in March 2009. IMHO this is a good time to wait for a breakout & for the volatility to subside.

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[nasa1974]

Been a couple of weeks. Welcome back.

 

[JTH]

Been a couple of weeks. Welcome back.

Thanks buddy, it was a rough move, so it's good to be somewhat settled in, and nice to be back on the forum.

 

[tsptalk]

Welcome back!

 

[nnuut]

Oh Yeah!!

 

[grandma]

Yes, indeedy, it is GOOD to see you !!!