JTH's Account Talk

[RealMoneyIssues]

Not much to report, unanswered questions remain, such as will we get above the green & yellow 20/50 SMA Bow Tie and if so can we turn it into support? The good news is we've retraced more than 50% of the most recent downwave and the Monthly chart is back in the green .16%

6 trading days down, 14 to go... lots can happen... first, we have to get past the Yellen in Congress tomorrow...

 

[maverick06]

Yellen in Congress

yeah, I am quite concerned about that..... 30% change it will have a positive effect.......i didnt realize she was going to congress today, otherwise i wouldnt have put money in the markets yesterday.

 

[JTH]

Yellen in Congress

yeah, I am quite concerned about that..... 30% change it will have a positive effect.......i didnt realize she was going to congress today, otherwise i wouldnt have put money in the markets yesterday.

Monday the markets closed off the intraday highs, that's a good sign the market players will get the news they expect from Yellen, you should be gtg...

 

[WorkFE]

Remember, Holiday weekend coming up.

 

[JTH]

Remember, Holiday weekend coming up.

Along with Options Expiration on the 21st, those stats are posted in the Short-term link

 

[shitepoke]

Quickly approaching first SPX target of 1808? What to do...

 

[BichonFreeze]

Along with Options Expiration on the 21st, those stats are posted in the Short-termlink

We could be heading for a little run. I'm considering going all in before the deadline today.

 

[JTH]

Just for the record, I have a strong inclination to exit this week before Presidents day.

 

[gronk007]

I was actually debating selling the news today but aren't three day weekends on average followed up with an up market?

 

[BichonFreeze]

Just for the record, I have a strong inclination to exit this week before Presidents day.

Since I'm new here, I may be missing something; but is there a stigma with holidays?

 

[jkenjohnson]

Just for the record, I have a strong inclination to exit this week before Presidents day.

That 1929 crash chart that Tom keeps showing has me a little twitchy.

 

[Frixxxx]

Since I'm new here, I may be missing something; but is there a stigma with holidays?

The Pre-Holiday Effect - ChartSchool - StockCharts.com

 

[JTH]

Had another buy order in for Hemp at .106 as luck would have it today's low is .107 and now it's putting in a reversal...

View attachment 27145

 

[JTH]

Since I'm new here, I may be missing something; but is there a stigma with holidays?

The Pre-Holiday Effect - ChartSchool - StockCharts.com

Sometimes (not all the time) when the markets approach a holiday, it puts in a reversal after the holiday. Under this thought process if we rally into Friday, the markets would pullback starting Monday. Some holiday's are more reliable than others.

 

[BichonFreeze]

Sometimes (not all the time) when the markets approach a holiday, it puts in a reversal after the holiday. Under this thought process if we rally into Friday, the markets would pullback starting Monday. Some holiday's are more reliable than others.

Got it. So if I were to jump in now, it would be recommended based on seasonal trends to do an ITF on Friday.

 

[JTH]

Since I'm new here, I may be missing something; but is there a stigma with holidays?

Got it. So if I were to jump in now, it would be recommended based on seasonal trends to do an ITF on Friday.

IMHO most of the money has already been made, a trade at these levels incurs higher risk, stronger resistance and less statistical opportunity for the short-term trader.

 

[Birchtree]

What is expensive today will only be more expensive two months from now - any time is a good time to buy.

 

[BichonFreeze]

I agree, especially with the eerie comparisons to the 1929 chart. There probably is a bit of room to make it in the 1830's - 1840's before Friday. I'm just hoping to make up some of my loses from January.

 

[Birchtree]

You are sitting on the dock of the bay watching time roll away with no opportunity - the 1929 chart is nonsense.

 

[amoeba]

Had another buy order in for Hemp at .106 as luck would have it today's low is .107 and now it's putting in a reversal...

View attachment 27145

oh yoy yoy:

Please tell me you are just trying to make some quick money off of those that know less than you do; you can't seriously believe this stock can be a real business, do you?