JTH's Account Talk

[Britts4life]

The top two Auto Trackers have shuffled out to the G-Fund, too chikin **** to risk losing their spots.

Congrats Mayday I think you have a fair chance of scooting up to the number 3. It's good to have company I know & love, not some non posting, non sharing ratt azz bastards like the folks above me.

Let's see, LAT moved to G on 10 May, RDJ67 moved on 16 May and you moved on 6 May, what might one make of all that??? I do appreciate your analysis though and right now I wished I had followed your lead. I have no idea how I'll feel about not following your lead tomorrow or next week though.

 

[JTH]

The member nguyensv has actually posted in my thread several times.

Good observation, that's why I excluded him from my rant. Kudos to him for his great plays this year.

Let's see, LAT moved to G on 10 May, RDJ67 moved on 16 May and you moved on 6 May, what might one make of all that??? I do appreciate your analysis though and right now I wished I had followed your lead. I have no idea how I'll feel about not following your lead tomorrow or next week though.

It's all good and fun, I wish them the best...

 

[FAB1]

Good observation, that's why I excluded him from my rant. Kudos to him for his great plays this year.



It's all good and fun, I wish them the best...

I could post an Amoeba post right about now - but instead I will just say this about the markets.

Phooey! :toung:

 

[Gumby]

Jason,

Congrats on your move toward the top of the tracker. Cream rises to the top.
I am impressed with your quick in and out IFT's this month locking in your gain. Great job.... that is what sets you apart from the buy-n-holders.

 

[JTH]

Jason,

Congrats on your move toward the top of the tracker. Cream rises to the top.
I am impressed with your quick in and out IFT's this month locking in your gain. Great job.... that is what sets you apart from the buy-n-holders.

Thx buddy, I'm glad to see the forum is doing rather well as a whole, and you are doing better than well, poised ti break backingto the top 50 again.

 

[eccougar]

Your move in and quick exit is really looking great as of now. Congratulations on move to top of tracker.

 

[FAB1]

Jason,

Congrats on your move toward the top of the tracker. Cream rises to the top.
I am impressed with your quick in and out IFT's this month locking in your gain. Great job.... that is what sets you apart from the buy-n-holders.

I coulda done the same and been cream like Jth. Not disciplined enough looking for pie in the sky but got mud in my eye!

 

[JTH]

Folks, I realize it's a tough market out there, we've broken through the trading range I mentioned in my weekend blog, now we've established a lower low. This means we now have a lower high & lower low, that sucks. So we look to the next level (I mention it in my blog) and see if it holds. This is tough, tough, tough, I hate to sell for a loss, I really do. Just keep your fear in check, this isn't about how you feel, this is about the ones and zeros, make your decisions looking from an outside point of view, what would you tell a friend based on the circumstances of the position? Locking in a loss is permanent, waiting it out cost you time, I got more time than I do money.

 

[Cactus]

Locking in a loss is permanent, waiting it out cost you time, I got more time than I do money.

That assumes it's going to go up from here. Looking at March & April I would have been better off selling after being down a couple of days and then buying in again a week or so later.

This sticky-pants stuff isn't working for me. How is it suppose to work? I think I've been more than my share of sticky this year and it has only served to bite me. It looks too much like buy-and-hold which is what kept my TSP at the same level it was 12 years ago (from beginning of year).

 

[FAB1]

Folks, I realize it's a tough market out there, we've broken through the trading range I mentioned in my weekend blog, now we've established a lower low. This means we now have a lower high & lower low, that sucks. So we look to the next level (I mention it in my blog) and see if it holds. This is tough, tough, tough, I hate to sell for a loss, I really do. Just keep your fear in check, this isn't about how you feel, this is about the ones and zeros, make your decisions looking from an outside point of view, what would you tell a friend based on the circumstances of the position? Locking in a loss is permanent, waiting it out cost you time, I got more time than I do money.

Time to listen to some good tunes, like BS&T Spinning Wheel, huh?
Well what goes down must eventually go up too so I am just going to wait it out - it helps by not going to tsp.gov and look at my actual balance.

 

[TSPIntel]

Folks, I realize it's a tough market out there, we've broken through the trading range I mentioned in my weekend blog, now we've established a lower low. This means we now have a lower high & lower low, that sucks. So we look to the next level (I mention it in my blog) and see if it holds. This is tough, tough, tough, I hate to sell for a loss, I really do. Just keep your fear in check, this isn't about how you feel, this is about the ones and zeros, make your decisions looking from an outside point of view, what would you tell a friend based on the circumstances of the position? Locking in a loss is permanent, waiting it out cost you time, I got more time than I do money.

JTH: No pain no gain... the Full Moon is an entry point... bull is around the corner till June 1st (New Moon) besides the Slow Stochastic Oscilator is in its lower point. I belief it will go up. Hang in there...

 

[JTH]

I may just sell, this sucker is way overbought and due for a correction back to the rising channels. I mostly just scalp in & out of this stock, I'm a suscriber too.

The current stop is at 2.12, as long as price keeps rising I'll normally raise the stop each week till the stop eventually gets hit.

I got stopped out today on this position. Now I'll look to make a lower re-entry using the gains on the last exit to gain more shares.

 

[JTH]

Here we have the Transportation Index on the 15 minute timeframe. Some things need to happen before an entry into the markets is considered.

#1 We are in the middle of the descending red channel showing 3 lower high circles and 3 lower low boxes, that's the current trend and it needs to be broken to the upside.

#2 The lower yellow circle at 5360 is the 1200 noon IFT cutoff time. Without a solid close above this level, I myself wouldn't so much as entertain the possibility of an entry.

#3 The upper yellow circle is a 50% retracement of the latest downtrend. Provided we don't make a lower low tomorrow, we need to get a close above 5425 for the bulls to gain enough momentum to overthrow this latest wave down.

These are just some thoughts to consider, going into tomorrow's market. For the moment, the bears have control until proven otherwise, within the intermediate-trend spanning the last 12 trading days. These thoughts are only reflective as of today's close.

15 Minute Chart:
View attachment 11085

 

[RealMoneyIssues]

I got stopped out today on this position. Now I'll look to make a lower re-entry using the gains on the last exit to gain more shares.

I should have sold at 2.40 instead of waiting until 2.50... lost 20% in the last week... sigh... still up 58% though

JTH, why do so many people use the DOW transports as an indicator?

 

[JTH]

Here we have the Transportation Index on the 15 minute timeframe. Some things need to happen before an entry into the markets is considered.

#1 We are in the middle of the descending red channel showing 3 lower high circles and 3 lower low boxes, that's the current trend and it needs to be broken to the upside.

#2 The lower yellow circle at 5360 is the 1200 noon IFT cutoff time. Without a solid close above this level, I myself wouldn't so much as entertain the possibility of an entry.

#3 The upper yellow circle is a 50% retracement of the latest downtrend. Provided we don't make a lower low tomorrow, we need to get a close above 5425 for the bulls to gain enough momentum to overthrow this latest wave down.

These are just some thoughts to consider, going into tomorrow's market. For the moment, the bears have control until proven otherwise, within the intermediate-trend spanning the last 12 trading days. These thoughts are only reflective as of today's close.

15 Minute Chart:
View attachment 11085

The Head & Shoulders on the Hourly Wilshire 4500 I mentioned in the weekend blog MIGHT be near its completion. For tomorrow, I'd like to see a solid close back above the 710 neckline.

Hourly Chart:
View attachment 11086

 

[JTH]

AGG is almost to the top of the trendline, I'm not saying it can't happen, but I will say I'd be impressed if it actually closed over the trendline. Man this is getting so overbought, ripe for a selloff, but will it happen?

View attachment 11087

 

[JTH]

JTH, why do so many people use the DOW transports as an indicator?

Because people believe they lead the charts, therefore they often do. It doesn't always lead, but when it does, it's pure bliss.

 

[Bquat]

The Head & Shoulders on the Hourly Wilshire 4500 I mentioned in the weekend blog MIGHT be near its completion. For tomorrow, I'd like to see a solid close back above the 710 neckline.

Hourly Chart:
View attachment 11086

So would I my friend and thanks for the charts.

 

[JTH]

Thanks everyone for the kind words, it's nice to be on top, but it can't last forever. The Top 3 are in the G-Fund, we've locked in our gains, now it's time for some new risky-blood to come in and take over the tracker. That's how life is, out with the old, in with the new, peaking at number 3 was a good run...

 

[Birchtree]

You could fall faster than an Army Golden Knight Paratrooper - June is only 10 trading days away to wait.