JTH's Account Talk

[Kaufmanrider]

I understand the X's and O's. But what do the red numbers mean?

I believe for the months, i.e., 1-9 for Jan-Sep, A+B+C for Oct, Nov, Dec. The year is across the bottom.

 

[JTH]

I believe for the months, i.e., 1-9 for Jan-Sep, A+B+C for Oct, Nov, Dec. The year is across the bottom.

That is correct, that is how we mark time within the P&F world.

 

[Birchtree]

Japan's Nikkei index rose nearly 20% in the first quarter, for its best performance in 24 years - that must say something.

 

[JTH]

Japan's Nikkei index rose nearly 20% in the first quarter, for its best performance in 24 years - that must say something.

BirchTree, I'm glad to see you are finally back from your self-imposed exile, had you been gone any longer some folks would have started a petition to free you from the oppressive shackles of our forum Admin. Don't think I don't feel sorry for you, every now and then we all need to be taken down a notch or two, perhaps you more than others

As for myself, my last 30% entry at $EMW 769 lead to 4 exits, each higher than our current levels so I'm free to go back in and scoop up lower prices. I may take an entry today, more likely I'll wait.

 

[JTH]

No IFT today, my analysis tells me to wait, we aren't over sold enough yet, there is still plenty of room on the downside before we get a bounce.

 

[Cactus]

I assume you mean don't buy into this downtrend (C, S, or I), not that it does me any good. I was out for all the gain and in for the losses. It's the story of my life -- the last 12 years anyways. I just don't see how you all make any money at this.

 

[RealMoneyIssues]

I assume you mean don't buy into this downtrend (C, S, or I), not that it does me any good. I was out for all the gain and in for the losses. It's the story of my life -- the last 12 years anyways. I just don't see how you all make any money at this.

That is EXACTLY how I have felt this year... what the heck...

 

[FAB1]

I trust this bloodletting is on light volume too?

Still hurts like OWwww!!

 

[FAB1]

I assume you mean don't buy into this downtrend (C, S, or I), not that it does me any good. I was out for all the gain and in for the losses. It's the story of my life -- the last 12 years anyways. I just don't see how you all make any money at this.

Its that feeling of just dumb minus the luck. right?

 

[JTH]

I assume you mean don't buy into this downtrend (C, S, or I), not that it does me any good. I was out for all the gain and in for the losses. It's the story of my life -- the last 12 years anyways. I just don't see how you all make any money at this.

In this case I'll be looking for a tail to chase, if today's candlestick can put in a decent tail, then I may look for an partial entry on a flat day tomorrow.

View attachment 18524

 

[Birchtree]

Watch out for the big V that will catch you off guard.

 

[FAB1]

Watch out for the big V that will catch you off guard.

If that begins right now I wont complain.

 

[amoeba]

I trust this bloodletting is on light volume too?

Still hurts like OWwww!!

No. Volume was heavy today (4/10/12). Not everyone seems to be drinking kool-aid (buy any dip) on this one.

 

[clester]

No. Volume was heavy today (4/10/12). Not everyone seems to be drinking kool-aid (buy any dip) on this one.

Maybe we finally got the blow off bottom!

 

[Birchtree]

Transports up over 2% today. I bet that looks pretty on a graph.

 

[Mapper]

Transports up over 2% today. I bet that looks pretty on a graph.

I'm glad you said it because I've been wanting to point that out all day but been afraid to jinx it!! It sure is purdy.

 

[JTH]

I'm glad you said it because I've been wanting to point that out all day but been afraid to jinx it!! It sure is purdy.

I am often the first person to jump on the Transports bandwagon, I didn't do that today because of the channel.

View attachment 18546

 

[Birchtree]

Tomorrow we could see a breakout to 5368 - then watch the fun start. Get me in at any price.

 

[Mapper]

JTH that channel looks ominous, but I'll stand by the fact that today's big green bar is pretty.

 

[MrJohnRoss]

Will be interesting to see if the $SPX can cut through the 50 day EMA tomorrow, or bounce off of it and head back down. There's obviously a lot of momentum out there.

Shall we start a pool?

I'll put a buck down... on the downside. :blink: