JTH's Account Talk

[Mcqlives]

The S&P 500 appears to be putting in a reversal, but as long as the neckline holds, I believe the market upside is still in play, problem is I don't think we'll get that answer until after the IFT deadline.

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nice chart...is that a little head forming?

 

[JTH]

nice chart...is that a little head forming?

Perhaps

 

[JTH]

I'm calling the top, I'll be right till I'm wrong

IFT 100G EOB Today

 

[wavecoder]

I'm calling the top, I'll be right till I'm wrong

IFT 100G EOB Today

you might be right, looks like this rally is losing steam (though I've been saying that for the last 2-3 weeks haha.)

could be joining the F or G fund on friday depending what the chart gives me

 

[JTH]

you might be right, looks like this rally is losing steam (though I've been saying that for the last 2-3 weeks haha.)

could be joining the F or G fund on friday depending what the chart gives me

I wonder how many folks have short orders waiting to execute under 5890...

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[wavecoder]

I wouldn't short EFA just yet, looks like there's still a day or two more of upside, besides the gap at 59.4 is likely to be filled giving the momentum it has right now.

though all bets are off if that green support line breaks + confirmed

I am keeping my eye on the Nasdaq and that's my most likely short target. Though I'm going to wait a little more, I don't know if now is the time.

 

[Birchtree]

I surely like that transport index - coiled and ready for the next upleg. We all know it's going to happen - this is a bull market you know. Buy RRTS - (Road Runner Transportation Services).

 

[JTH]

Here is the test of the neckline, more importantly we will be approaching the third test of the dominant trendline off the November low.

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[wavecoder]

15 min candles? IWM is showing the same thing, broke under the support and confirmed by closing under it in the next candle. VIX creeping up which tells me this isn't the time to BTFD

 

[JTH]

15 min candles? IWM is showing the same thing, broke under the support and confirmed by closing under it in the next candle. VIX creeping up which tells me this isn't the time to BTFD

From the great one: A higher left shoulder peak when compared to the right shoulder top results in a larger decline post breakout.

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[RealMoneyIssues]

From the great one: A higher left shoulder peak when compared to the right shoulder top results in a larger decline post breakout.

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That may be true, but the H&S hasn't triggered yet...

 

[JTH]

That may be true, but the H&S hasn't triggered yet...

You must be looking for comfort, you may also be interested to know that head & Shoulders within a third of their year high are less likely to trigger. A true H&S would be much larger on the daily timeframe, I don't count nor trade on patterns too small to trade within the TSP timeframe

 

[RealMoneyIssues]

You must be looking for comfort, you may also be interested to know that head & Shoulders within a third of their year high are less likely to trigger. A true H&S would be much larger on the daily timeframe, I don't count nor trade on patterns too small to trade within the TSP timeframe

No comfort, but I would believe in this move up in the market more if it didn't just grind higher with no serious consolidation or pullback.

Also, a H&S is a H&S on any time frame. If I can validate it when I get home, there should be a good H&S with trigger and target met on the 10min SPY chart, at least it looks like it from the crude tools here...

Now the market has ground back up, then sold off at the close (right at the close too)... Woohoo, "Whip saw Wednesday" !!

 

[JTH]

Well, another trade in the books, 13 Feb exit @ 790.84 for a approximate 1.49% gain (1.54% within TSP.) I could easily call it a month and be satisfied, but then what fun would that be? Under the current circumstances I anticipate making my next entry in the last week of February. Best of luck to those still in the game.

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[rktect1]

My technical analysis of today and for tomorrow is that we are about to blow the top off this puppy.

I may also be reading too much of birchtrees thread lately.

 

[RealMoneyIssues]

My technical analysis of today and for tomorrow is that we are about to blow the top off this puppy.

I may also be reading too much of birchtrees thread lately.

Um, maybe :nuts:

 

[wavecoder]

My technical analysis of today and for tomorrow is that we are about to blow the top off this puppy.

I may also be reading too much of birchtrees thread lately.

gap up of 800 points is gonna happen *snort*

 

[JTH]

Futures look stable, that last 30 minute candlestick was powerful in creating the perception the markets weren't ready to roll over.

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[wavecoder]

Futures look stable, that last 30 minute candlestick was powerful in creating the perception the markets weren't ready to roll over.

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I thought it was a little head & shoulders, but it was just the chart flippin the bird at the bears haha

 

[JimmyJoe]

Futures look stable, that last 30 minute candlestick was powerful in creating the perception the markets weren't ready to roll over.

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Japan says they have bottomed out. The European market looks good for tomorrow. (Market watch, Bloomberg futures.)