JTH's Account Talk

[JTH]

It's typical to surge into the end/beginning of the month, I'd rather pay more to get in on an uptrend than to pay less and get in on a downtrend.

 

[JTH]

It's typical to surge into the end/beginning of the month, I'd rather pay more to get in on an uptrend than to pay less and get in on a downtrend.

I swear, I can't leave you kids alone for 1 minute, what did you guys do to these markets?

 

[wavecoder]

I swear, I can't leave you kids alone for 1 minute, what did you guys do to these markets?

birchtree kicked ben bernanke in the nards and said he wanted lower prices to collect wallflowers on the cheap, so here we are

 

[JTH]

birchtree kicked ben bernanke in the nards and said he wanted lower prices to collect wallflowers on the cheap, so here we are

Looks like your F-Fund entry was well timed, congrats!

 

[wavecoder]

Looks like your F-Fund entry was well timed, congrats!

we'll see, it looks that way right now, but these markets have been unpredictable lately. though going by the weekly charts i'm expected intermediate term bearish (and bullish on AGG).

and if congress somehow comes up with a deal for the debt ceiling, well, i can get slammed

 

[JTH]

30 Min: Transports putting in a nice descending parallel price channel

View attachment 22591

 

[rktect1]

English please

 

[RealMoneyIssues]

English please

I think he is implying that the market leader (some claim), the Dow Transportation Index, is at the bottom of a parallel trend and could bounce up from here. That, being the market leader, could mean the market indexes could bounce very soon.

Now, nothing is saying it can't bounce a little, then head further down (taking the market indexes with it)... just an observation.

P.S. Using the reply with quote link is better when asking a question so we know what you are asking (especially when you have to go back to a different thread page) and especially in a heavily posted thread like JTH's thread.

 

[JTH]

English please

Price Channel (Continuation) - ChartSchool - StockCharts.com

 

[RealMoneyIssues]

Price Channel (Continuation) - ChartSchool - StockCharts.com

Oh, I guess that was simpler... Thanks Brother!

 

[rktect1]

Great. So we are headed up. But in a downward direction.

 

[JTH]

Great. So we are headed up. But in a downward direction.

Difficult to say, the market may have overreacted today.

 

[JTH]

30 min: We broke through a key support level at 770, plus the bottom green rising trendline. What we didn't do is confirm a close below that level/line.

View attachment 22592

View attachment 22593

 

[JimmyJoe]

Difficult to say, the market may have overreacted today.

The US market overreacted. Yes, it is giving too much importance to politicians.

 

[rktect1]

The US market overreacted. Yes, it is giving too much importance to politicians.

And today's reaction was supposedly an overreaction to Italian politics. Wait til tomorrow Wednesday or Thursday when it's about sequestration and American politics.

 

[wavecoder]

The US market overreacted. Yes, it is giving too much importance to politicians.

get used to it, it's not going to change anytime soon.

also big money players with a bearish stance will find any reason to short as rktect mentioned below. if it's not one thing, it's another

 

[JTH]

USAA account has been sitting in half cash, since 22 Feb. Now that I'm in a position to scoop up a lower cost basis, I'm dipping in 1/3 of the cash.

 

[JTH]

Last night futures opened up strong, than flipped, same thing tonight, hello volatility...

 

[JTH]

Good mornin

Posting from my tablet, IMHO we should try to test that recent low again.

View attachment 22599

 

[MrBowl]

JTH, your timing on your exit a couple weeks ago doesn't look so bad now, and your re-entry (so far) looks good. Perhaps the saying should be "...horseshoes, hand grenades, and market timing". Perhaps you've brought some positivity to the S fund...I welcome that.