JTH's Account Talk

[BichonFreeze]

S&P at 1868 now. W^4500 up 1.1% . I like what I see. C'mon free willy, gain me back those unrealized losses and more!!!!

 

[JTH]

I suspect we will fill the gap just under the 50% retracement from the recent downwave.

Gap filled

 

[bmneveu]

I suspect we will fill the gap just under the 50% retracement from the recent downwave.

Gap filled

You think that adds fuel to the bearish fire?

 

[Birchtree]

The shorts really got squeezed today along with a very tight bully patch. Let's see a 200 point Dow open in the morning.

 

[JTH]

You think that adds fuel to the bearish fire?

I think the markets did exactly what they were supposed to do, retracing 50% of the recent downside and filling in the gap. Today put in a strong move but as I said in the S&P 500 Past Performance thread, I expected a 2% move over these past 2 days, so this is not surprising to me. I need to take a nap, I'll post some stats for Thursday & Friday later tonight.

For your entertainment, here's a theoretical head & Shoulders pattern (yet to be formed) which takes us to 1775 and fills the gap.

View attachment 28069

 

[BichonFreeze]

I agree. By the end of tomorrow, we'll have an idea if the market is heading back upwards or if this was just a bounce.

 

[AircrewChief]

Yeppers Itaste MVP 1st Gen, it's not my favorite, but it is very reliable.

I've been analog free for about a year now. I have an MVP, too. Just upgraded to a DNA30 device.

 

[JTH]

This is nice, once we broke down through the AC trendline, we put in a tweezers-style bottom on the daily, then proceeded to re-test the previous broken trendline.

View attachment 28074

View attachment 28075

 

[JTH]

You won’t believe your bank’s newest fee

"banks are adding verbiage to their checking account fine print that prevents customers from suing the bank individually or as part of a class-action lawsuit"

"But perhaps the most surprising fine print is the loss, costs and expenses clause. This essentially requires consumers who pursue a claim against a bank to pay the banks’ expenses — even if the consumer wins the claim."

 

[JTH]

This is your friendly post-whoring reminder, the S&P 500 Past Performance has been updated with Thursday, Friday and Monday's stats.

 

[BichonFreeze]

Ye, the economy hath taken away what it giveith yesterday. A cruel mistress she is.

 

[JTH]

Don't be surprised to see a close below 1840...

 

[JTH]

Alright folks we need some good news, so I'm going to give it to you.

I have officially been self-inducted into the post-whoring hall of fame, I can now retire and rest on my laurels...

View attachment 28088

 

[Whipsaw]

"Don't be surprised to see a close below 1840..."

If it stays on its current trajectory... 1800? :blink:

 

[law87]

jth, can you do a quick Russell charting with support line? Or just give me the next major support, thanks.

 

[JTH]

jth, can you do a quick Russell charting with support line? Or just give me the next major support, thanks.

Dependent on which long-term trendline you use, it's about another 1.5-2% drop to test support.

 

[MrJohnRoss]

Alright folks we need some good news, so I'm going to give it to you.

I have officially been self-inducted into the post-whoring hall of fame, I can now retire and rest on my laurels...

View attachment 28088

Next target... nnuut. Bwahaha!

 

[RealMoneyIssues]

Next target... nnuut. Bwahaha!

I have been busy...

 

[JTH]

For all intensive purposes, we've met my signature block's 1828 price target.

 

[BichonFreeze]

For all intensive purposes, we've met my signature block's 1828 price target.

Ugh, can't we go for 1940 =( ......all I keep thinking is...should I stay or should I go now....