JTH's Account Talk

[crws]

Ha!
Yessir, the proof is in the pudding.
A more and more defined USD channel is being established

 

[JTH]

Sometimes Mr. Market doesn't want to buy anything, all he wants to do is raise Mr. Cash. This is one of those days where nothing is in the green and I suspect the PPT will finish us off in the black. It's just a guess...

 

[crws]

Sometimes Mr. Market doesn't want to buy anything, all he wants to do is raise Mr. Cash. This is one of those days where nothing is in the green and I suspect the PPT will finish us off in the black. It's just a guess...

I would suspect, but I don't think flat or a little lower would be bad.
Bennie's wallet comes out for 30B over the next 5 trading days.
Would be nice to see that used to shore up prices as the dollar creeps up.

A work friend just told me that Bennie will be doing face time in the near future to explain his position, along with his commitment to more dinero after the 600B is exhausted in June.
Could be a wild ball when he hits the air waves.

 

[crws]

I think we got us a winner-
Look at that U$D go!
Beeeg bounce, like clockwork..
You don't suppose it's that simple......

 

[JTH]

We seem to be in the throes of a beautifully articulated pullback. Thus far the levels I'm watching are holding, if I were going to watch just 1 chart it would be the Transports 27 Jan high and 28 Jan low. A break of either of these two levels should provide confirmation of market direction. I have given considerable thought to taking an exit today or tomorrow, but can't find justification to do so within the TSP timeframe.

 

[Birchtree]

The Transports will blow past 5300 before anyone can blink. We are in a very strong bull market and it has a long way to go.

 

[crws]

We seem to be in the throes of a beautifully articulated pullback. Thus far the levels I'm watching are holding, if I were going to watch just 1 chart it would be the Transports 27 Jan high and 28 Jan low. A break of either of these two levels should provide confirmation of market direction. I have given considerable thought to taking an exit today or tomorrow, but can't find justification to do so within the TSP timeframe.

and then there is the 30B that our pal Bennie is dumping in over the next few days.
It's a tough call, I agree.
Been thinking along the same lines.
I would wonder "articulated" -->"orchestrated"
It's getting just (ever so slightly) a little predictable...
I am definitely going to be on the lookout for any facetime Ben is planning to break the news the checkbook will be closing, and plans-post.

 

[fedgolfer]

I'm thinking Ben and the broker dealers know more than they're getting credit for. All I hear inside the belway is talk about how to go about a softer landing post QE2 vs QE. To think they're not working hard behind the scenes to temper the next flast crash is just an error of omission. Will there be short/med term pain June/July, of course, will it be bad as the flash crash... probably not considering the Fed will employ other tools in its arsenal that they won't advertise. Doubt too, is a big weapon.

 

[FAB1]

We seem to be in the throes of a beautifully articulated pullback. Thus far the levels I'm watching are holding, if I were going to watch just 1 chart it would be the Transports 27 Jan high and 28 Jan low. A break of either of these two levels should provide confirmation of market direction. I have given considerable thought to taking an exit today or tomorrow, but can't find justification to do so within the TSP timeframe.

Can you post the chart here?

 

[JTH]

Can you post the chart here?

The pink area is where my current focus is.

View attachment 10564

 

[JTH]

IFT EoB Today 100% G-Fund

 

[FAB1]

So if it goes down below the bottom pink line then you think we get an overdue correction? And if above the pink the rally moves on?

Thanks for the chart, its interesting

 

[crws]

I'm thinking Ben and the broker dealers know more than they're getting credit for. All I hear inside the belway is talk about how to go about a softer landing post QE2 vs QE. To think they're not working hard behind the scenes to temper the next flast crash is just an error of omission. Will there be short/med term pain June/July, of course, will it be bad as the flash crash... probably not considering the Fed will employ other tools in its arsenal that they won't advertise. Doubt too, is a big weapon.

I tend to agree, I mean case in point- Intel
How many heard/knew about the halt?
I didn't hear a peep.
http://www.morningstar.com/ht-0/topics--t--36618951--intel-intc-shares-halted-nasdaq-resumption-time-set-for-10-20am-et-details-to-follow-in-a-moment.htm.shtml
If you were a currency player it would be Philip Morris all over again up down up down up down. Chaching!

 

[JTH]

I can't predict price, what I can do is evaluate the direction of price.

1st Chart hourly Tranny: White Linear regression line shows a decline in price.

2nd Chart hourly Tranny: Pink quadrant channels show we were unable to fully retrace prices on the upside and as a result are now testing the downside.

View attachment 10569View attachment 10570

 

[Steadygain]

I think what floors me the most is that Buster didn't jump in and go crazy.

Also figured CB and VLM might show their respects.

My first reaction was the mirror image of what you said; but I tried really hard to make it pleasant and constructive.

Well you're not an A hole - and I thought you did a good job.



I'm letting it go.... that stuff get's me too wound up and I'm better off just ignoring it.... way better off ... cause it's really rare someone like that comes along.

Well I'm 50/50 - S/I and may move some to C or more to S -- if I doesn't get on the ball.

 

[JamesE]

You off your meds again steady?

 

[Steadygain]

You off your meds again steady?

I'm ending a private discussion -- all is cool

 

[JTH]

I'm ending a private discussion -- all is cool

I understand what you're saying, and it upset me you were being kind enough to give the benefit of the doubt to someone who clearly disrespected an open handed second opportunity to make things right. Regardless the grief I've given you, I like you despite my faults.

 

[Birchtree]

"Dollar has longer-term support near 76.88 on a monthly chart."

http://www.marketoracle.co.uk/Article26084.html

 

[JTH]

MARCON

View attachment 10575

MARKON: Stable and bullish with a 76% reading. The Dow Transportation Average continues to damp down this reading.

F-Fund: Downgraded from ORANGE to condition RED at 16%

C-Fund: Stable and bullish with an 84% reading.

S-Fund: Upgraded from YELLOW to BLUE with an 84% reading.

I-Fund: Stable and bullish with an 84% reading.