JTH's Account Talk

[Birchtree]

Now that's a gutsy move - you must be anticipating the dollar to plunge through the support level of 76. Not going to happen. But if you don't take the risk you won't make the gain. Let'er rip.

 

[JTH]

What is your thinking. Only ask because I've been considering upping my I fund.

On the fly based on this weeks price perfomeance of the 3 funds. I don't expect this to be a position I will hold into October. I haven't looked at my charts in over a week, just been glancing at price, I hope to take a deeper look at the charts this weekend, time permitting.

Note: This could turn out to be just a scalp with a quick in & out.

 

[JTH]

Now that's a gutsy move - you must be anticipating the dollar to plunge through the support level of 76. Not going to happen. But if you don't take the risk you won't make the gain. Let'er rip.

I'm not looking for 76

 

[tsptalk]

I'm throwing 'some' at the I fund this morning too. The dollar ain't look'in purdy.

 

[WorkFE]

Thanks

 

[coolhand]

Hey guys, I'm not one to talk given my position on the tracker :cheesy:, but how many TA fake outs does it take in this market to get your attention?

Just askin'.

 

[tsptalk]

Hey guys, I'm not one to talk given my position on the tracker :cheesy:, but how many TA fake outs does it take in this market to get your attention?

Are you thinking the breakdown in the dollar was a fake out?

 

[tsptalk]

I'm throwing 'some' at the I fund this morning too. The dollar ain't look'in purdy.

Uh, oh. If the dollar does start to tank, the I-fund will be where I want to be, but this IFT to get some money in the I-fund was based on 1130 holding on the S&P - but it is failing again this afternoon. I may have just wasted my IFT's for Sep. :suspicious:

 

[coolhand]

Are you thinking the breakdown in the dollar was a fake out?

Longer term, maybe not, but it's a great place to get too many folks leaning the wrong way.

 

[Birchtree]

Just gotta hold that 1116 level to continue the up trend. This little sell off will go a long way to reducing bullish sentiment which is necessary for progress.

 

[Birchtree]

Coolhand,

You might consider subscribing to the Ebb TSP premium service - he's at #362.

 

[tsptalk]

Longer term, maybe not, but it's a great place to get too many folks leaning the wrong way.

Alexander Elder used to say that too - breakouts are sucker plays (in the short-term).

 

[JTH]

IFT 100% G-Fund from the I-Fund.

Reasons

Locking in profits.
Everyone's too bullish.
It's almost the end of the month, with new IFTs just around the corner.
It's a busy EOY Fiscal week for me and I don't have time to watch the markets.

 

[WIND_HUNTER]

IFT 100% G-Fund from the I-Fund.

Reasons

Locking in profits.
Everyone's too bullish.
It's almost the end of the month, with new IFTs just around the corner.
It's a busy EOY Fiscal week for me and I don't have time to watch the markets.

I think it's a good move locking in now. I've still got 2 IFT's that I probably won't use since I missed this last rally. Oh well, better to lose IFT's than money...

 

[JTH]

This top reminds me of the top we made in April, from this point of view the top is in and the decline has begun. Perhaps it's just a typical pullback, but it does appear to be looking toppy and running out of steam. At the very least I wouldn't call this a risk/reward setup worth taking.

 

[Corepuncher]

I get burnt every time I use "# of IFT's left" as a reason to make any type of move.

 

[Birchtree]

SPX 1150 on the way - then we take out the long term downtrend resistance line at 1160.
No top until we get to 1240 - then just a pause to refresh.

 

[JTH]

I'm waiting for you, best bail now...

Pigs get slaughtered

Sold my GE 11% profit.

My precious metals position is up 18%, so I've scaled back 1/4.

My precious metals position is up 31%, so I've scaled back another 1/4.

My GE position was awesome and I'm currently sitting on it (bought a new sofa)

 

[Birchtree]

Now you know why I own furniture stocks. Most families will own three couches in their life time. I bought a recliner in 1974 from Lazy Boy - it's like my linus blancket. The wife on several occasions has politely recommended that I give it to the church recyclers - but I will hang tough and keep it. Even Mindylou has adopted it for herself.

 

[JTH]

Now you know why I own furniture stocks. Most families will own three couches in their life time. I bought a recliner in 1974 from Lazy Boy - it's like my linus blancket. The wife on several occasions has politely recommended that I give it to the church recyclers - but I will hang tough and keep it. Even Mindylou has adopted it for herself.

That is some priceless stuff BT. It reminds me of my old Archie Bunker chair, I loved that thing and kept it years beyound its servicable life.