JTH's Account Talk

[Intrepid_Timer]

Well, the body is similar any way.................:laugh:

 

[JTH]

11999 - the question was for the end of 2011 not the end of January. Just when I thought you had found the bull....

11995.15 to be exact. Now kind sir I have told you this year will end flat. But none of that matters, there will be opportunities for share accumulation.

 

[JTH]

Nice trading range on the VIX

30 Minute Chart:
View attachment 10422

 

[nasa1974]

Let's hope it stays like this for a long time.

 

[JTH]

Let's hope it stays like this for a long time.

I would like to see that too

One thing I've been watching, during the month of December, hardly a day went by when one of our major indexes didn't put in a new 52 week high. If we get 3 days with no new 52 week highs across the major indexes, I'll take that as a sign the top is near. It's just a thought...

 

[JTH]

Looking over my charts tonight: Markets appeared somewhat mixed, implying growing volitility, implying the forming of a top instead of another highbase. Off Monday's action, TRAN has consolidated a 50% retracement, not leading. NASDAQ appears poised for a test of Monday's high. Large caps broke new ground once again hitting a 52 week high. Mid caps were unable to break out, trading within the previous stagnant highbase. Strength in the S&P 500 is a gift from the S&P 100, I don't trust it. The S&P 600 shows additional weakness not seen in other indexes, while the Wilshire 4500 looks only sightly stronger. The I-Fund will break your heart, at least that's my opinion. With the currencies and Europe drama, there's just too much risk over the American markets. I doubt I'll use it much this year. I feel the same way about AGG, it's trading at half way between its 52 week high/low levels and appears (from a glance) to be working on a bear flag, nope wouldn't touch it. Still watching the VIX for a 18.32 breakout, as a clue.

 

[FAB1]

123FAB11.05%
124JTH1.05%

Hi there. Havent we met before?

 

[JTH]

123FAB11.05%
124JTH1.05%

Hi there. Havent we met before?

Technically speaking I'm 1.05703% Tom is sandbagging me

 

[nasa1974]

Technically speaking I'm 1.05703% Tom is sandbagging me

Now that's getting picky. :laugh:

 

[JTH]

Although the NASDAQ & S&P 500 put in new 52 Week highs today, the markets appear to be wanting a specific catalyst. Perhaps Bill Daley can push us through at the close, just in time to soak in tomorrows news.

All week long I've been thinking of making a Friday exit. Prices will ultimately dictate this decision for me and my 21% I fund allocation will make it an easier choice.

 

[JTH]

Not that anyone is wondering, but my ROTH IRA account has been inactive due to a personal loan I made to a family member in need. Would I do it again? No because this is actually one of my personal rules, never to loan money because it can cause tension. But wify had to learn the lesson for herself.

I have no problem giving someone money, loaning I do.

 

[Birchtree]

I wrote my sister a check last year and used my margin account. I told her it wasn't a loan but a gift.

 

[WorkFE]

That's the only way to do it.

 

[crws]

I wrote my sister a check last year and used my margin account. I told her it wasn't a loan but a gift.

How many of those checks ya got left? Brother?

 

[JTH]

Still sitting 1G, 26C, 51S, 21I

Reasons I have not bailed: Transports: Still trading above holiday season levels.
NASDAQ: New (yet again) 52 week high today.
S&P 100: From 29 Dec, 3 higher highs/lows, Large caps are leading.
S&P 500: S&P 100 keeping this chart looking strong
$VIX: Fear is smooth like better under 18, sorta quiet.

Reasons I should bail: S&P 400 Mid caps are back in the holiday season range.
S&P 600: Noticable weakness over the last pullback, trading just under holiday season levels.
Wilshire 4500: Not happy with the recent lower high, but does look better than the S&P 600.

I-Funds: Sucks

 

[FAB1]

I-Funds: Sucks

Mm...Im getting back in the S first opportunity in Feb.
I fund is a cruel taskmaster.

 

[fedgolfer]

http://stockcharts.com/h-sc/ui?s=$TRAN&p=D&yr=0&mn=9&dy=0&id=p88939661387

tweezer tops on the $tran

 

[Tennvol]

http://stockcharts.com/h-sc/ui?s=$TRAN&p=D&yr=0&mn=9&dy=0&id=p88939661387

tweezer tops on the $tran

Fedgolfer,

What would "tweezer tops on the $tran" tend to indicate?

 

[fedgolfer]

In this case, a top leading to a downside reversal. But, gotta wait for the close as confirmation. Even w/ the down action so far intraday, we coud see a close that could negate the tweezers... but, probably not. Also, there have been numerous reversal signs in the $tran, Q's, Vix and other indices/indicators over the past several months, none of which have led to a falling out of the bull channel.

 

[Tennvol]

Thanks for the info!