JTH's Account Talk

[coolhand]

You mean like in 2008?

Remember the bull likes to take as few people to the upside as possible and likes to leave the bears from recognizing the prevailing trend. I doubt that we are in a bear market regardless of the death cross.

 

[JTH]

I find it somewhat disturbing the markets did not give us a positive pop off President Obama's spending speech. That should tell you how much faith we put in his words, meaning they carry no weight. With the Europe thing going on you'd think money would start pouring into the American indexes, but this hasn't been the case. This is not a good time to be in the markets, the risk here is not what I'd call "good" risk...

 

[RealMoneyIssues]

I find it somewhat disturbing the markets did not give us a positive pop off President Obama's spending speech. That should tell you how much faith we put in his words, meaning they carry no weight. With the Europe thing going on you'd think money would start pouring into the American indexes, but this hasn't been the case. This is not a good time to be in the markets, the risk here is not what I'd call "good" risk...

Curiously, starting to get one now... hmmm

 

[JTH]

Prices held up rather well today, we have to be impressed the bulls were able to turn the intraday around closing in the green. Although the risk is still very high, I'm more optimistic we can work through this muddling of the markets. No risk, no pain, no gain. My chart held up today, I realize everyone and their mother sees bear flags abounding across the indexes. As I've said, I believe it to be a channel and I do enjoy being the only one to say so...

View attachment 15320

 

[RealMoneyIssues]

I just hope for follow through tomorrow or this may be short lived...

 

[jpcavin]

I belief it's a channel and not a bear flag. Sorry Jason, I couldn't resist. I "hope" you are right because I certainly don't like the alternative.

 

[Warrenlm]

I just hope for follow through tomorrow or this may be short lived...

Futures are up only 2 points at midnight EDT. Seems like a healthy follow through would be greater but maybe there's hesitation on commitment....

 

[Birchtree]

At 0500 futures were down 124 - but follow the DAX today. I hope I can do some buying.

 

[tsptalk]

At 0500 futures were down 124

Really? I missed that. What was the cause, did you hear?

 

[Birchtree]

More fear about European banks especially the French banks ability to borrow dollars. I have Barclays on my buy list for today.

 

[Happy_Trails]

I'm not in the I fund but am confused as to why it is still lagging today. European markets are higher and the dollar is lower so shouldn't EFA be up quite a bit relative to domestic funds?

 

[JTH]

Strong pop on the transports...

View attachment 15326

 

[Birchtree]

I see 5400 in my future before the year ends - building a nice base for the takeoff.

 

[tsptalk]

I'm not in the I fund but am confused as to why it is still lagging today. European markets are higher and the dollar is lower so shouldn't EFA be up quite a bit relative to domestic funds?

The dollar just popped up about 0.6% in the last hour - taking the EAFE index off its highs.

 

[JTH]

I'd rather sleep on a bed of nails then be invested in TSP under these conditions. It's tough, but when you've already lost you azz, what's another -10% ???
There are 354 people ahead of me on the tracker, and all of them need to get the hell outa my way, I'm movin on up to a delux slot in the AT and I'm all elbows.

View attachment 15329

 

[Bquat]

I'm still a little bearish and think the 50 dma will hold us dow in the S&P. I think even if the head and shoulder is broken and the Bear flag is broken, we are forming a tight bear channel.

Just my counter and heads up. So bullish move tomorrow will prove me wrong.

 

[Cactus]

I'd rather sleep on a bed of nails then be invested in TSP under these conditions.

I hear you there. That's why I'm still 100% G.

There are 354 people ahead of me on the tracker, and all of them need to get the hell outa my way, I'm movin on up to a delux slot in the AT and I'm all elbows.

Sounds like you're beein reckless. Watch out or you'll join me at the bottom of the list. I've actually moved up 150 slots since bailing to G. What does that mean? Hmmm. :nuts:

 

[JTH]

I've actually moved up 150 slots since bailing to G. What does that mean? Hmmm. :nuts:

My greatest tracker climbs have always been done from the sidelines, it must mean you're on the right side of the trade...

 

[Bquat]

My greatest tracker climbs have always been done from the sidelines, it must mean you're on the right side of the trade...

Ditto

 

[Appatite]

I am seeing so many different charts lately, from so many different people, I can't tell which one I want to believe anymore.