JTH's Account Talk

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It is getting scary out there. One indicator I look at is the RSI. It rarely goes below 30 and usually bounces near there. We are at 35 now. So, I am tempted to stay in but it is scary. Employment numbers won't be good Friday
 
clester said:
It is getting scary out there. One indicator I look at is the RSI. It rarely goes below 30 and usually bounces near there. We are at 35 now. So, I am tempted to stay in but it is scary. Employment numbers won't be good Friday
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I'm glad your scared, that means I'm not the only one. We've been in this situation before, selling at the height of fear is a classic trap. Then again holding too long is too.
 
JTH said:
I'm glad your scared, that means I'm not the only one. We've been in this situation before, selling at the height of fear is a classic trap. Then again holding too long is too.
Click to expand...

Ahh you guys just need ta stop worry'n the senate will approve the bill and stocks will head back up..........Hey honey git me another cold one will ya this ones empty.
 
JTH said:
I'm glad your scared, that means I'm not the only one. We've been in this situation before, selling at the height of fear is a classic trap. Then again holding too long is too.
Click to expand...
If you're scared then I'm frightened. My fear is moving back to G and then there's a bounce. The only thing going for me is that I moved to S last Thursday so I havent experienced the entire downward spiral. :mad:
 
JTH said:
I'm glad your scared, that means I'm not the only one. We've been in this situation before, selling at the height of fear is a classic trap. Then again holding too long is too.
Click to expand...

Where is Birch to rally us all with his elegant diatribe? We need cheering up:sick:
 
You can bet the market is going down tomorrow because I'm getting in today and it almost always does the opposite of what I think it will do.
 
665 on $Emw is the line int the sand i think. Lots of support there. Since we are almost there I will wait another day.
 
jkenjohnson said:
You can bet the market is going down tomorrow because I'm getting in today and it almost always does the opposite of what I think it will do.
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Actually you may not be far from the truth. I baked in a tiny rally...then fall at the end of the day today...then
Helter Skelter tomorrow morning followed by government intervention Wednesday afternoon with finishing stunning rally to close. So you are not far from the truth.
 
PEP said:
If you're scared then I'm frightened. My fear is moving back to G and then there's a bounce. The only thing going for me is that I moved to S last Thursday so I havent experienced the entire downward spiral. :mad:
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Being scared is ok, so long as your IFT's aren't based on fear, my next ift might be based on disgust...
 
We bounced off 665 on $EMW. I expect a bounce from here. Breaching 665 would be a problem for me.
 
JTH said:
Transports have breached the June low, and look to be making a run for the 6-month low. The only good news I have is my ROTH IRA is heavy in cash.

View attachment 14769
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FAA Employee problem ain't helping here !

I am starting to think the Economy is really gonna start hitting the skids soon. All these programs cost tons of money, they temporarilly create jobs, they mostly lose money, it's just another bubble.

Heck America is in serious trouble. The easy money imo has been made. I gotta get out on a bounce. 8 down day's in a row. Damnnnnnn..... I really hope today is the pivot point of this sell-off. We need a decent rally for me to get out of dodge and just look for those quick in and out 1 to 2 percent gains the way I use to. I got on this train thinking I was going somewhere. Only problem is the train is in reverse. I think the Bull Market has finally ran it's course for awhile.

Time will tell with everything I have just said but if we think our unemployemnet number's are bad now wait until we get the October and November numbers. Where are the good numbers going to come from with all the cuts ?

Time to get a different hobby or at least something that I can go to when we have 8 down day's in a row. This is Flat depressing.

Oh Well that's enough of me talking or should I start talking about the cost of Gas, Fuel, Heck my electricity bill last month was $480.00 , Comcast $230.00 , Cell Phones $200.00

OMG............ :mad::blink::worried:
 
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PEP said:
If you're scared then I'm frightened. My fear is moving back to G and then there's a bounce. The only thing going for me is that I moved to S last Thursday so I havent experienced the entire downward spiral. :mad:
Click to expand...

Yeah, dont sell your shares. You still have all the shares you started with in your trade, they have just decreased in value somewhat. If you sell low one things for near certain, youre gonna pay more later unless you wait for stock to go even lower than it did when you sold. And it may not go that low for a long time. I am pissed at myself for making this crappy trade but I gotta hang in there to hope to recover these losses.

Was that "birch-like" enough to make any of ya'll a little encouraged? lol
 
I am starting to think the Economy is really gonna start hitting the skids soon. All these programs cost tons of money, they temporarilly create jobs, they mostly lose money, it's just another bubble.

Heck America is in serious trouble. The easy money imo has been made. I gotta get out on a bounce. 8 down day's in a row. Damnnnnnn..... I really hope today is the pivot point of this sell-off. We need a decent rally for me to get out of dodge and just look for those quick in and out 1 to 2 percent gains the way I use to. I got on this train thinking I was going somewhere. Only problem is the train is in reverse. I think the Bull Market has finally ran it's course for awhile.

Time will tell with everything I have just said but if we think our unemployemnet number's are bad now wait until we get the October and November numbers. Where are the good numbers going to come from with all the cuts ?

Time to get a different hobby or at least something that I can go to when we have 8 down day's in a row. This is Flat depressing.

Oh Well that's enough of me talking or should I start talking about the cost of Gas, Fuel, Heck my electricity bill last month was $480.00 , Comcast $230.00 , Cell Phones $200.00

OMG............ :mad::blink::worried:
 
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