JTH's Account Talk

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CrabClaw said:
When I was looking at it yesterday I saw the left shoulder in mid to late November and the right shoulder forming right now, assuming it hits resistance and rolls over or just rolls over from here. As I am very much in the learning stage on this TA stuff it looks like something to ponder. We will see how it shakes out :)
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i have seen some folks mention the h&s. i think the head might be a bit too long in duration. on the spx its a 100 point drop from the neckline. if gthe right shoulder forms everyone and their mother will be focused on it. till then some folks wont speculate because they dont like being wrong in public.
 
Based on current prices, I expect B3GC-Short to give a sell signal at the end of the day and it will enter the G-Fund ROB Friday.
 
B3GC-S enters the G-Fund EOB tomorrow. It's sort of unusual considering it wasn't supported by the Transports, but it is a 3 out of 3 system so take that for what it's worth.

As for me, I've been as patient as I can, but I'm going to deviate a bit by DCA'ing down 10% into the I-Fund. It's been beat to death and it's getting cheap at these levels. I may do the same thing at the end of each month until the markets bottom out or my ADL gives a buy signal.

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It would seem my 10% move into the I-Fund was ill-timed as the momentum on my ADL system looks to be switching to a buy by the end of the day. With 2 of 3 funds on a buy I'll be entering the markets with an IFT into the S-Fund EOB Monday. Should be interesting to see how this plays out, I sure wish the I-Fund was tagging along...
 
When you create a system, inevitably you encounter things you don't account for once you go "live." I created a strict set of rules to go by and with a 2 out of 3 system it does make decisions easier, leaving out the shades of gray. I knew that since some of my charts only go back as far as 2006, it would become problematic somewhere along the line. Thing is, this is the first recorded time when the C & S signals switched to a buy, with the I-Fund signals not tagging along. Normally all 9 signals eventually flow together with only 1 or 2 signals not playing along. In this unusual case, the ADL has switched to a buy, with 5 signals on a buy and 5 on a sell. Talk about indecisive! Still, based on my research of Bear markets I've known this would be a year of trading sideways...

Both the ADL & ADI enter the S-Fund EOB Monday, and I'll be using my first IFT of the month to enter the S-Fund 100%.
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AGG has its third failed attempt to get above the critical 61.8% Fibonacci level. The last time my stochostic broke above 80, it marked a top and I see nothing to lead me to believe it's going to embedd.
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I've gone from a negative 4.30% tracker rank at the bottom of the February correction to a positive 0.61% as of yesterday and I owe my good fortune to my True Religion sticky pants.
 
Birchtree said:
I've gone from a negative 4.30% tracker rank at the bottom of the February correction to a positive 0.61% as of yesterday and I owe my good fortune to my True Religion sticky pants.
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That's wonderful. I hope you are more positive with today results.
 
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