JTH's Account Talk

[JTH]

What do you think the upside resistance is?

Overall we are still in the same 1430-1470 trading range, the only difference now is that we have both a slightly lower high & low, putting us in a slightly decending price channel.

 

[JTH]

Good morning

I've missed my window of opportunity when I failed to make an entry this Monday, therefore I will regrettably sit out this latest upswing. Had I made that Monday IFT, I would have made an exit today. I haven't been doing my charting homework over the last few days, so I have no analysis on when I'll take another entry into the markets. In the meantime, here are a few 30 minute charts, showing you the current price action.

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[Birchtree]

FWM,

Let's hope your gut feeling helps you at the ballot box.

 

[JTH]

Thanks JT,

I was pondering going in and chasing, but had a gut feeling it is better to pass this rally up for now...you made me feel a little better about my decision.

FWM,

Let's hope your gut feeling helps you at the ballot box.

Last night's debate was a test for how the markets would react. When President Obama wins the election, the markets will respond to the upside

 

[Birchtree]

The Dow is down today because IBM is off 12 points - other wise it would be positive. Keep your eye on the Euro for market direction.

 

[JTH]

Good afternoon

The NASDAQ 100 has met its Head & Shoulders Price Objective. Please be forewarned that right leaning H&S patterns tend to cause more damage.

View attachment 20807

 

[JTH]

Thanks JT,

I was pondering going in and chasing, but had a gut feeling it is better to pass this rally up for now...you made me feel a little better about my decision.

After today's action I certainly feel better about the decision, in this case, not chasing the rally was the right choice

 

[JTH]

Good morning

Regardless of the media hype, we are still in the same trading range we have been in, trade what you see. I expect to make an IFT this Tuesday or Wednesday.

View attachment 20840

 

[JTH]

Sry late (that work think always comes first)

IFT EOB Today 100S

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[BigJohn]

Sry late (that work think always comes first)

IFT EOB Today 100S

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Nice to see I was not the only one who dove in today! Best of luck JTH, you are always welcomed company.

BigJohn

 

[JTH]

Nice to see I was not the only one who dove in today! Best of luck JTH, you are always welcomed company.

BigJohn

Thanks, I'm glad we are in this together. I don't normally chase downside action, but my timing models told me to get in today/tomorrow. Add to that the fact I did not take the previous entry/exit window I was given, and it makes this IFT a bit more crucial. We are putting in a nice looking V-patteren on the transports, I'd like to see it hold into the close.

View attachment 20867

 

[JTH]

Good evening

My signature block has been updated, current projections have me making an exit this Friday or Monday before the end of the month. I won't be surprised to see tomorrow be a down/flat day, as long as we don't make a lower low, I'll keep these projections.

 

[JTH]

Good morning

The markets have met my expectations, I'm looking for a short-term bounce that is yet to materialize. I expect a short-term bottom today.

View attachment 20891

 

[ars2210]

JTH

Can you comment of what specifically the differetn color triangles mean. Does each side, mean something different, etc? Also, when you use the red circles, what are these? Probably common sense but I can't seem to wrap my head around it at the moment. Thanks.

 

[Frixxxx]

JTH

Can you comment of what specifically the differetn color triangles mean. Does each side, mean something different, etc? Also, when you use the red circles, what are these? Probably common sense but I can't seem to wrap my head around it at the moment. Thanks.

Green = Good/up || Red = Bad/Down

 

[JTH]

JTH

Can you comment of what specifically the differetn color triangles mean. Does each side, mean something different, etc? Also, when you use the red circles, what are these? Probably common sense but I can't seem to wrap my head around it at the moment. Thanks.

The triangles show where prices are expected to reside, they will generally bounce within the lines until they terminate. Circles usually highlight potential Head and Shoulder Formations, or Price Objectives. If you see a circle out in the future where price hasn't been written, then it is usually a price objective (a place I expect price to hit at a particular time.) It's important to note that these charts can change everyday, they evolve and require flexability, I set my expections and it they aren't met, I change them.

 

[Birchtree]

I looked in my rear view mirror this morning and saw a cloud in the distance. And it was you kicking up some bull dust making a run to the border. There are several 100% I funders up ahead and if they decide to seek shelter at some point I'll gladly take their doors off - beep, beep.

 

[JTH]

I looked in my rear view mirror this morning and saw a cloud in the distance. And it was you kicking up some bull dust making a run to the border. There are several 100% I funders up ahead and if they decide to seek shelter at some point I'll gladly take their doors off - beep, beep.

I'm not gonna lie, it looks aweful scary out there, lower lows, an overall miserable Friday I'm in at a decent level on the Wilshire 4500 so I can afford to absorb some pain.

 

[amoeba]

I'm not gonna lie, it looks aweful scary out there, lower lows, an overall miserable Friday I'm in at a decent level on the Wilshire 4500 so I can afford to absorb some pain.

What's so miserable/aweful scary about today? Looks flat to me; better than the last two fridays; whatever is drifting up/down is on low-normal volume.

 

[JTH]

What's so miserable/aweful scary about today? Looks flat to me; better than the last two fridays; whatever is drifting up/down is on low-normal volume.

Just speaking about the indexes and the broken levels, compared to my earlier initial impressions, the markets closed in better shape, I'm stoked for Monday's open.