JTH's Account Talk

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Thanks everyone, I turned the big 40 today, I like to think that at 40 I'm twice the man I was at 20. The truth is, I'm stronger, faster and wiser than I ever was at 20. Let me tell you, when I run my next 5k there will be nothing better than watching 20 somethings sucking wind as I pass them by. While running, I should wear a t-shirt that says "You just got passed by a 40 year old"

The funny thing is that most of you are older than me :p
 
JTH said:
The funny thing is that most of you are older than me :p
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Uh, what's so funny about that? :blink: :D

40 was a big year for me, and I hope it is for you too. I started TSP Talk that year, as well as bought a commercial building and started an art and antiques business. Mid-life crisis, I guess.

Come to think of it, 30 was a big year too. Moved west, got marred, had a kid. I wonder what's in store for 50? But enough about me (although the 5-0 hits me tomorrow, so we'll see). :eek:
 
Stay healthy and 60 is the new teen. Age is for fine wine. Time is what you use to build positive thoughts, bringing about your youth. Retirement is a term HR uses. Independent wealth is what it actually is. It allows one to think about reverse ageing. Ha ha. Ha.
 
Happy birthday.

30 ruined me so when I turned 40 I really didn't care much. I'm 45 now and starting to feel it.
 
JTH said:
This could be the pullback, there are three items of interest I'd like to point out.

#1 We put in a small but noticeable double top @ 1698.78/1698.38.

#2 As of now, 1684 is the key pivot, we can see we've bounced off this level 3 times and are presently working through this level. A close below 1684 increases potential to trigger a sell off.

#3 We have 4 unfilled gaps, a 50% retracement of this upwave would fill all 4 gaps. For me, this increases the potential for a 50% retracement down to the 1630 level.
Click to expand...

Today I saw what I consider to be a significant pullback, but the markets managed to recover well, even ramping up into the close (a good sign.) The Transports gave some insightful information leading me to believe the rally has potential to resume. And although the Transports have shown more weakness than the other indexes, this hasn't concerned me because for the most part, this year the small caps have been the leaders of the pack.

Side note: A positive Friday and Monday almost always lead to higher prices later in the week, this could coincide with the end of the month rally, then lead to the historically traditional August weakness.
 
This puppy is primed for a rollover. I wont be in the s fund come august. Not certain which day i will bail. Could be today monday or tuesday. Premarket is not looking so great right now either but it is not the beginning of the trading day i am concerned with.
 
rktect1 said:
This puppy is primed for a rollover. I wont be in the s fund come august. Not certain which day i will bail. Could be today monday or tuesday. Premarket is not looking so great right now either but it is not the beginning of the trading day i am concerned with.
Click to expand...

Yep, pre-markets are are down, which is a reversal of the action I was seeing last night. This should be fun...
 
Happy belated birthday Jason. Keep up informing us about the markets. I am one of you're loyal followers. :cool:
 
Often times my price targets are correct, while my time projections are wrong. Yes, the first gap did get filled today, but this was what I'd call a minor gap, the gap at 1653.13 screams at me the loudest. Looking at the red box, we can see we've spent 11 of the last 23 sessions in the 1670-1700 price range. We are essentially range bound, making this a traders market until one of these levels breaks. I cannot at this time ascertain the direction the markets will take. Logic would tell me once earnings season is over, the primary catalyst for pushing the markets higher will be gone, therefore I'm leaning towards a bull market correction.

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