JTH's Account Talk

[JTH]

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

Last chart of the market day. This latest rally sits just over 9% of which we've retraced just over 2% I think this market needs to hit 1495, from there I'll watch the reaction.

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[JTH]

Good morning

No IFTs, nothing new to report, I'm sticking to the plan, today will probably end positive, I'd be surprised to see a reversal on today's action.

 

[wavecoder]

Good morning

No IFTs, nothing new to report, I'm sticking to the plan, today will probably end positive, I'd be surprised to see a reversal on today's action.

yesterday's hammer was a good playable bounce, but i think this time it's a short-term trade. MACD swung way negative which makes me not want to take the bullish side for now

 

[JTH]

yesterday's hammer was a good playable bounce, but i think this time it's a short-term trade. MACD swung way negative which makes me not want to take the bullish side for now

Indeed, but it's very difficult to play short term moves within the TSP realm, at one time I was a 1-day play sort of fella, but at this moment these conditions don't warrant that style (for me.) For now I'm waiting for momentum to push price over the 50% retracement, or another test of the recent bottom. Until either of the two happen, I'm inclined to sit on the sidelines and wait for a re-entry next week. Best of luck to all who played the bounce.

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[rktect1]

Jumped into th Swimming hole yesterday. Found it to be too cold so I've jumped back out. Waiting for warmer march weather as I am now out of ift's. it would be nice to be able to get back in feb 28. Oh we'll.

 

[wavecoder]

Jumped into th Swimming hole yesterday. Found it to be too cold so I've jumped back out.

 

[JTH]

Good afternoon

AGG once again test upper resistance within the descending parallel price channel.

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[JTH]

Interesting doji on the weekly Transports

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[JTH]

30 Minute: While we did get back into a critical price zone, we have yet to confirm price is willing to stick around.

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[JTH]

Share Price, Price performance over the last 5 & 10 days shows the F-Fund has taken the lead over the last 3 days.

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[JTH]

From 12 Feb

Here is a hypothetical. Off the November low, If you draw/project Fibonacci lines over key areas of support and resistance, you could speculate a 1550 peak towards the End of March.

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Along with this projection, 1480 is also a key level on the current daily time frame.

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[Birchtree]

You are too conservative - 1565 is just around the corner. March is going to be hot like January was. When those animal spirits finally kick start this bull into truly running - mama only knows when it'll stop to rest. Many good pole sitters have missed these last four years of this bull market - they are getting ready to pounce and the waves they'll cause will be beyond imagination. The fear of losing money rather than the greed of missing more profit potential will be forgotten and they will jump.

 

[JTH]

You are too conservative - 1565 is just around the corner. March is going to be hot like January was. When those animal spirits finally kick start this bull into truly running - mama only knows when it'll stop to rest. Many good pole sitters have missed these last four years of this bull market - they are getting ready to pounce and the waves they'll cause will be beyond imagination. The fear of losing money rather than the greed of missing more profit potential will be forgotten and they will jump.

Well, my friend, I'm glad you think I'm conservative, coming from you this makes me a moderate. I see from your position on the tracker, your 80% I-Fund allocation is killing you. Come join me this week into the S-Fund, perhaps together we can open up March with a pop.

Hourly PnF shows a 1461 PO, I think that's a bit over-projected.

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The Daily PnF came close to putting in a positive reversal

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[JTH]

Monthly chart illustrating each waves gains/loses/Fibonacci retracements. Each concurrent wave shows the lose of both price momentum and time. What does it mean? I haven't seen a pattern like this before, so it is difficult to speculate, best uneducated guess, a close under the current wave bottom at 1343.35 puts us in a bear market.

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[JTH]

IFT 100S EOB Monday

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[Bquat]

It's looks like the S fund is waiting for your buy in before going up.

 

[JTH]

It's looks like the S fund is waiting for your buy in before going up.

I'll take what the market will give, my guess is we will test the most recent low, or establish a new higher low.

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[rktect1]

Im hoping you get the bounce jth.

 

[Birchtree]

If he gets a bounce he'll have to pay more to get in - I guess that's only fair. We have three hours left to initiate a strong advance...

 

[Mcqlives]

I hope you are right...I was just beginning to think your forecast from last week was right on!