JTH's Account Talk

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JTH said:
Anyone been playing TZA/TNA?
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Glad you asked, JTH. I follow the exchange-traded fund TNA with the ebbchart's triple patterns. TNA's price only goes back to Nov. 19, 2008, so bearish pattern 7-7-7 didn't get enough of a chance, but six out of the eighth triple patterns still worked out. To learn more about the triple patterns and how it did with our TSP, just click on the link of my signature at the bottom.

TNA_update.gif
 
ebbnflow said:
Glad you asked, JTH. I follow the exchange-traded fund TNA with the ebbchart's triple patterns. TNA's price only goes back to Nov. 19, 2008, so bearish pattern 7-7-7 didn't get enough of a chance, but six out of the eighth triple patterns still worked out. To learn more about the triple patterns and how it did with our TSP, just click on the link of my signature at the bottom.
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I clicked on both of your sig links, it says I don't have permission to view them. :cool:
 
JTH said:
Anyone been playing TZA/TNA?
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RealMoneyIssues said:
No comment...
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ebbnflow said:
Glad you asked, JTH. I follow the exchange-traded fund TNA with the ebbchart's triple patterns. TNA's price only goes back to Nov. 19, 2008, so bearish pattern 7-7-7 didn't get enough of a chance, but six out of the eighth triple patterns still worked out. To learn more about the triple patterns and how it did with our TSP, just click on the link of my signature at the bottom.
Click to expand...

I should add, I haven't played a leveraged ETF since I got burned real bad playing FAZ off the March 2009 bottom...man I got burned, worst trade ever!
 
JTH said:
I clicked on both of your sig links, it says I don't have permission to view them. :cool:
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Sorry about that, JTH. I'll ask Tom about the problem. Anyone else having problems accessing the EbbChart Primer (Public Thread)? In the meantime, here's a chart showing the triple patterns timeline (discovered last year) and how it did with the TSP from 2007 thru 2012 (using 50% S, 50% I, or 100% F). 13 of the 14 triple patterns landed on the right side of the trade. Also, all seven bearish green patterns had losses.

triples_all.gif
 
Cactus said:
It worked for me not even being loged on. :cool:
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It's not you or anyone else, it's me, it's always been me, I've had these issues for over a year now, same thing with some of IT's stuff too. Back when I registered for his free trial period is probably when this started happening. Frankly I have no concern over it, I'm still going to do what I do regardless of what others do. Ebbs chart is interesting but I'll be honest with you, I myself will not trade any system where I do not fully understand all the principles involved. For me, the enjoyment is in making my own path and improving upon it, but that doesn't mean I wouldn't recommend Ebb/IT for others to try. :)
 
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Good evening

Chalk it up as a win for the S-Fund buy & holders, they are spanking the tracker, that's fine by me, the year is long and my will is strong. Something I find amusing is that I keep encountering folks saying the C-Fund's price performance is going to overtake the S-Fund. Maybe it will happen, but the fact is it isn't happening now, and I would hope folks aren't changing their strategy based on data that doesn't currently exist. I so think some rotation has already taken place and perhaps it will be enough to soften the impact of the End of Quarter finish. Some folks may also want to take into account the potential for a spike in the dollar to impact the returns over multinational corporations, think Large caps and the I-Fund.

View attachment 22811


I was fortunate to balance Wednesday's TSP exit with an increase in the ROTH IRA small caps back on 20 Feb and it's paid nicely. As for the current view, it remains unchanged, the trend is up, not much else to say about that. I do still plan to IFT in next week (most likely Tuesday) for how long I do not know (that part is still murky.)

Off the November low SPX has had roughly a 15.5% rally with 2 <4% pullbacks, what a runner this turned out to be. :)

View attachment 22812
 
JTH said:
The minimum price objective on this chart has been met, the maximum 1566 hypothetical level is based off a projected Fibonacci.
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Interesting. 1565 was the record closing high too. I like Fibonacci analysis too. Looks to be a good exit point. That would put the RSI up to about 70. Triple top also there. Seems to be stacking up against us.
 
clester said:
Interesting. 1565 was the record closing high too. I like Fibonacci analysis too. Looks to be a good exit point. That would put the RSI up to about 70. Triple top also there. Seems to be stacking up against us.
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Thanks, I hadn't notice that was the previous high, when drawing the fib, I just matched it up with teh key levels and that's how it came out.
 
Boghie said:
Hey man,

I got 22% allocated to CHUD!!!! ;)

That is one beautiful chart, what's it mean!

Still, not one person here wants to buy my Newsletter:toung:
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Well at the time a drew it, the cup had formed and it was looking to be forming the handle, boy did that not work out...
 
I suspect those channel lines will be broken next week. Don't be overly concerned about a rising RSI above 70 in a strong bull market - it can easily run to 80 and simply stay there. There is so much liquidity and more on the horizon. "Think U.S. stocks are cheap? Apparently, so do many companies. In February, 86 of them authorized $94.3 billion in new stock buybacks, according to TrimTabs Investment Research, the second-highest monthly total ever recorded by the firm. February's sum was more than five times as big as January's and more than double the volume of new buybacks announced last February." The S fund is currently overpriced and will slow its' performance - but the I fund remains the dark horse in this race and will eventually take the lead. So says Mindylou.
 
JTH said:
I'm not worried about the triple top, I'm more interested in it becoming support, from there historical resistance does not exist :)

View attachment 22820
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And why could that possibly be a worry, unless you're locked out? Going where no investor has gone before, where historical resistance does not exist. I would think that's right where a guy who would like to make some big money, would like to be.
 
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