JTH's Account Talk

[JTH]

I'll admit, today's price action was somewhat disappointing. Nobody likes to absorb a 1% loss, but at the end of the day, the technical picture remains intact. The word of the day is volatility. It's a process that's needed, sort of like pruning a trending tree.

FYI the Bearish Dollar ETF has officially broken down, giving us a trend change. I'll tag the new trendline when I think we are close to the swing low.
View attachment 11063

 

[JTH]

How's everyone holding up?

 

[Scrappy]

 

[Birchtree]

I'm doing just fine - thanx for asking. Could we take back that -130 Dow from yesterday - I think we'll do it and then some.

 

[JTH]

I care more about the closr than anthing else.

 

[Cattman]

It was nice to get an up day after yesterdays loss. Trying to get back to the top with you.

 

[FAB1]

Hi JTH - notice some were slobbering with anticipation on the bt thread that youll be left hacking on their dust soon.

Im sure that really bothers you. /s

 

[poolman]

Hi JTH - notice some were slobbering with anticipation on the bt thread that youll be left hacking on their dust soon.

Im sure that really bothers you. /s

He's shaking in his Boots Fab1, LOL

 

[JTH]

I guess he didn't like my Dollar chart last night. That I-Fund allocation has been dragging him down, he's lost -1% from his I-Fund's 70% allocation. That's -1% for his 70% I-Fund investment over the last 12 days, for a total loss of 2.67%. I'd be pissed too.

 

[FAB1]

I guess he didn't like my Dollar chart last night. That I-Fund allocation has been dragging him down, he's lost -1% from his I-Fund's 70% allocation. That's -1% for his 70% I-Fund investment over the last 12 days, for a total loss of 2.67%. I'd be pissed too.

BTW: I enjoyed my first 10% + on the tracker, it lasted 24 hours but if was a blissful day. :cheesy:

 

[jpcavin]

BTW: I enjoyed my first 10% + on the tracker, it lasted 24 hours but if was a blissful day. :cheesy:

Enjoy it while you can! :cheesy:

 

[Birchtree]

I will hold my 70% I fund until I get a $22.50 price, then I'll take 10% back to the C fund. Tracker positions can change in a week's time.

 

[JTH]

I will hold my 70% I fund until I get a $22.50 price, then I'll take 10% back to the C fund. Tracker positions can change in a week's time.

You'll need a 4.8% pop in the I-Fund for that to happen, you might be there a while. You could use a nice drop in the dollar, UDN is flirting with it's 50SMA, this might flaten out here, we'll have to see.

 

[Birchtree]

I have 13 trading days remaining to make 4.13%. I don't really bother that much with dollar activity aside from it helping exports. I'm holding the I fund as a large cap proxy exporting into the BRIC and emerging markets. I like to stand back so I can see the mountain instead of just the trees.

 

[Intrepid_Timer]

I like to stand back so I can see the mountain instead of just the trees.

Be careful, if you keep looking to the horizon, you're bound to step in a cow pie once in awhile...............

 

[Bquat]

Enought banter here I need chart data. You both are right eventually. A lot of people read both you guys. The chart man and the buy and hold man. One will be right shortly and the other will wait until he is.
Do what you guys do best! Make money.

 

[JTH]

Be careful, if you keep looking to the horizon, you're bound to step in a cow pie once in awhile...............

Damm that is sooooo true!

 

[Intrepid_Timer]

Damm that is sooooo true!

Like today!! :blink:

 

[JTH]

Be careful, if you keep looking to the horizon, you're bound to step in a cow pie once in awhile...............

Enought banter here I need chart data. You both are right eventually. A lot of people read both you guys. The chart man and the buy and hold man. One will be right shortly and the other will wait until he is.
Do what you guys do best! Make money.

Sorry buddy, haven't had much time to post charts, the overall picture remains intact. Volitility may establish a trading range, otherwise if you have a high entry point, you're sort of stuck waiting this thing out.

 

[JTH]

Not happy with the price action. C&S is holding up well, the transports are on-the-edge of breaking down, EFA is looking for a test of my bottom trendline, the Dollar takes on even more damage, and AGG is confirming. I don't see any reason to lock in a loss just yet, I'll definitely throw out an extensive report this weekend, I'm going old school with new school tools...