JTH's Account Talk

[JimmyJoe]

holy moly look at that spike!

Spike doesn't look that much different than the 7th, 4th of Feb, or the 24th of Jan. Seasonally, the end of Feb, the market is likely to rocket up, giving Feb as big a gain as Jan, almost. I'm not getting out in any big way till sometime May, maybe. SPX 1700 end of the year. Some called the SPX yesterday to climb to 1530 and we were right. That will be the support soon. Happy investing friends.

 

[Mcqlives]

Ouch...I did not see that coming

 

[Bquat]

You are fine guy. It's always better to be wrong calling the top and lose some gain, then to be wrong and get caught for loss like I usually do.

Hmm maybe I shouldn't of posted this. You look great now JTH. Let me know if you buy on this dip so I can see if this Dip should stay in.:embarrest:

 

[rktect1]

Where did those dip buyers go?

 

[Birchtree]

I've been out all day working in my yard - this consolidation is healthy and most likely won't be deep.

 

[rktect1]

I'm not in so although I feel for anybody that is in right now, a little more depth will get me back in, so.....

Here is hoping for the best for all of us. Somehow.

 

[RealMoneyIssues]

nasty indeed. whatever happens though i've gotta hold till friday

Could always go to G

 

[wavecoder]

Could always go to G

'the system' won't allow it, haha. i'll never know if it works if i don't stick with it 100%, and my reason for being on this site is to test its worth

will need more than 1 ugly candle on the daily to confirm a trend shift

 

[JTH]

And that my friends is what they mean when they say the markets take the stairs up and the elevator down.

30 Minute view
View attachment 22499

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[JTH]

You may have just called it a little early. I and a lot of others could get a hurt if we don't get a bounce real soon.

Well I've been the first to say I don't pick tops very well, I've always tried to play the middle.

 

[JTH]

Sorry I wasn't able to post throughout today's action. Here is an outlook of what you should be prepared to expect if a pullback were to occur. From Tuesday's top, it's a -5.3% drop to the 50SMA & a -11.8% drop to the 200SMA. I'm not saying it's going to happen, it's just a perspective.

View attachment 22501

 

[JTH]

I'll finish the night with the chart that started the day...

View attachment 22503

 

[JTH]

Good morning

An ugly opening for the invested, a beautiful one for discount shoppers.

Transports hitting key support level.

View attachment 22508

View attachment 22509

 

[Mcqlives]

JTH...I am just trying to chart out a ways and I want to point where we were before QE3. Any idea where the SnP was?

 

[JTH]

JTH...I am just trying to chart out a ways and I want to point where we were before QE3. Any idea where the SnP was?

Wiki says it was announced 13 Sep 2012 that would be SPX 1460

For the moment we appear to be getting close to flushing out the sellers, the 1500 area is providing support.

View attachment 22512

 

[Mcqlives]

Wiki says it was announced 13 Sep 2012 that would be SPX 1460

For the moment we appear to be getting close to flushing out the sellers, the 1500 area is providing support.

View attachment 22512

ahhh...the great wiki had the answer. I was looking at spx and transports in relation to qe3. Thanks!

 

[JTH]

Based on current conditions, I don't see enough data to convince me to jump back in the markets.

 

[Mcqlives]

Based on current conditions, I don't see enough data to convince me to jump back in the markets.

I thought for sure you would get in today. I hope 1500ish is the new floor!

 

[JTH]

I thought for sure you would get in today. I hope 1500ish is the new floor!

Too much damage, not enough recovery, it's not my setup. I'd rather wait for a definitive bounce & confirmation, then get back in. I don't have to be perfect, just right

 

[Mcqlives]

Too much damage, not enough recovery, it's not my setup. I'd rather wait for a definitive bounce & confirmation, then get back in. I don't have to be perfect, just right

I'm more of a cynic myself but I appreciate your striving for perfection