JTH's Account Talk

[crws]

100 g eob today

You, my friend, are ON FIRE!
Excellent work and concentration.

 

[JTH]

You, my friend, are ON FIRE!
Excellent work and concentration.

Thank you oh kind one

Despite my rise to fame in the tracker today, the markets have not yet fallen apart.

 

[nada]

sorry i dont understand the rationale why people diversify their money among the C, I & S funds or even transferring $ among them.... your money is still exposed to the same market risk. you're trading index fund, not individual issue. you won't have the strongest horse to play with.

 

[JTH]

sorry i dont understand the rationale why people diversify their money among the C, I & S funds or even transferring $ among them.... your money is still exposed to the same market risk. you're trading index fund, not individual issue. you won't have the strongest horse to play with.

My personal preference is to pick a position and have enough conviction to be dedicated to it 110% Having said that, there are valid reasons to be in different indexes at different times. Making sense of others allocations will drive you mad at times, so I just do the whole "to each his own" sort of thing. I have done some unscientific auto tracker studies in the past and found the majority (not all) of successful traders tend to fully invest in one fund at a time.

 

[JTH]

I imagine those with an IFT, and still in the G-Fund, are longing to make an entry into these markets. The 1301-1332 30 point trading range is fairly obvious at this point, but does anyone here feel lucky enough to get a good bid? Patience here pays dividends over the long haul...

View attachment 10731

 

[alevin]

that would be me, jth. I'm waiting patiently. Its coming-in a way i wish it wasnt. today was day 12 dollowing the first major demark price flip warning I spoke of. the demark rule book says could take 12 days for market to react definitively one way or the other. I've been counting.

 

[FAB1]

Love your charts, JTH.

So are you saying we are going to bust out of the "box" soon?

I played both my cards and the whipsaw action kept me down
below what I had hoped to gain. Still if we break to the upside
I can make it back, I just wont be competitive in the tracker if
the rally gains momentum again.

But if we break downwards I will be relatively safe too. Im following
a premium service this years and the signals having been pretty helpful.
Last year I was pretty much a ship without a rudder, I feel better about
my TSP - being in the top 50 is nice too.

 

[poolman]

Love your charts, JTH.

So are you saying we are going to bust out of the "box" soon?

I played both my cards and the whipsaw action kept me down
below what I had hoped to gain. Still if we break to the upside
I can make it back, I just wont be competitive in the tracker if
the rally gains momentum again.

But if we break downwards I will be relatively safe too. Im following
a premium service this years and the signals having been pretty helpful.
Last year I was pretty much a ship without a rudder, I feel better about
my TSP - being in the top 50 is nice too.

Futures change with the wind as we all know but they look a bit bloody right now.

http://www.bloomberg.com/markets/stocks/futures/

 

[JTH]

I yield the floor to the bears. Going back 7 months, the dominant trends have been pierced. Look at the S&P 500 with it's 5 lower highs on the daily. 1295 is the official line in the sand, anything lower and folks here won't have the privilege of a hasty exit before absorbing significant pain.

 

[Birchtree]

Some of us get a real charge from a little pain - similar to a hot wax job.

 

[JTH]

I yield the floor to the bears. Going back 7 months, the dominant trends have been pierced. Look at the S&P 500 with it's 5 lower highs on the daily. 1295 is the official line in the sand, anything lower and folks here won't have the privilege of a hasty exit before absorbing significant pain.

Some of us get a real charge from a little pain - similar to a hot wax job.

I don't pretend to think you've ever heeded the many warnings I've spouted over the years. Now would be a good time to consider some capital preservation, for potential post-correction buying opportunities.

 

[mayday]

It looks as if we are neck to neck in the standings.
I went all in today (risky) Could backfire on me.

 

[nasa1974]

I yield the floor to the bears. Going back 7 months, the dominant trends have been pierced. Look at the S&P 500 with it's 5 lower highs on the daily. 1295 is the official line in the sand, anything lower and folks here won't have the privilege of a hasty exit before absorbing significant pain.

For today anyway I think you are right about 1295. The S&P has bounced off the 1295+ line twice. Since 11:00am EST the trading has been in a pretty narrow range (1300-1305) with very little volumn. I think if we can close above 1305 it will be a small victory. :worried: Tomorrow on the other hand?????

 

[Gumby]

Some of us get a real charge from a little pain - similar to a hot wax job.

Tomorrow could be quite a day !:nuts: Get that wax ready.

 

[poolman]

Tomorrow could be quite a day !:nuts: Get that wax ready.

Hello Gumby,

My thoughts are that tommorrow will be very similiar to today.

 

[Gumby]

Hello Gumby,

My thoughts are that tommorrow will be very similiar to today.

Hey Poolman,

ES has already dropped 7 points in aftermarket.... and NO POMO tomorrow. Will buyers step up?

Looks like you went to G at the right time.... congrats

 

[poolman]

Hey Poolman,

ES has already dropped 7 points in aftermarket.... and NO POMO tomorrow. Will buyers step up?

Looks like you went to G at the right time.... congrats

Thanks Gumby, The way I see it I will be in the top 30 on this evening's tracker.

 

[Gumby]

Thanks Gumby, The way I see it I will be in the top 30 on this evening's tracker.

I think you will make the top 25 and Jason in the top 20..... you will leap ahead of all the 100% S funders. Great job guys..... I'm envious.

 

[crws]

Hey Poolman,

ES has already dropped 7 points in aftermarket.... and NO POMO tomorrow. Will buyers step up?

Looks like you went to G at the right time.... congrats

I'm thinking the buyers are 6 weeks out and going liquid &
"Friend(s) of Bill" is about to get a whole new meaning.

The cream is gone, just like the easy oil, and from what he said, the next time Bennie goes looking for buyers he will have to pony up to sell.
I rather like the bold move by Pimco, even though it may screw the equities market, guess Gross was tired of getting "trickled down" on, while watching his Wall Street counterparts get 600b x2 of play money.
Kinda feels like a "Perfect Storm" brewing...

 

[JTH]

Wow, I love it when the Family drops in for a visit, reminds me of all of us watching the Thanksgiving game together It was a tough day for those invested and a humble day for those fortunate to be sidelined.

Although I'm tempted to jump in I think it's best to stay out for the weekend, looking at it with fresh eyes after world events digest.