Mayday's Account Talk

[mayday]

He seems a bit more bearish than I might expect from someone who's using long-term charts. Do tyou happen to know why he mentions the reversal of of 1350? What is it that makes this level important to him?

All I know is I went against his advice this month and lost a great deal of money.
Notice SPX closed below 1330. Not by much so I don't really know about tomorrow.

 

[mayday]

If things don't improve soon next stop 1300 then 1260

http://stockcharts.com/freecharts/gallery.html?spx

 

[JTH]

If things don't improve soon next stop 1300 then 1260

http://stockcharts.com/freecharts/gallery.html?spx

Yep, that 1295 low is important, if we decisively break below it, it could trigger sell orders, perhaps enough to put in a capitualtive low.

 

[mayday]

Yep, that 1295 low is important, if we decisively break below it, it could trigger sell orders, perhaps enough to put in a capitualtive low.

Yea if I were in I'd be spooked.

 

[KevinD]

Call me Casper...

 

[mayday]

Call me Casper...

KevinD are you still in the market?

 

[KevinD]

Yep

 

[mayday]

Twiggs Charts
We have breached 1320 SPX. Range seems to be getting tight.
Seems like being in will make you have to change your pants a lot.
Good Luck everyone.
http://tinyurl.com/4xfw94m

 

[JTH]

Pants aside, your F-Fund play is bound to get you some great returns on the latest downleg. I hope you're enjoying the climb, hurry up and put those G-Funders out of their pancy-azz misery.

 

[nnuut]

HEY! Some of us are STUCK in the "G" have a little compassion.

 

[JTH]

HEY! Some of us are STUCK in the "G" have a little compassion.

I know, I'm in the G-Fund too, no hurrys, Mayday passed you up a while back, I'm next on the list.

 

[nnuut]

I know, I'm in the G-Fund too, no hurrys, Mayday passed you up a while back, I'm next on the list.

Passing me isn't very hard to do!:laugh: I'm looking for 8% or beat the S&P what ever is higher.

 

[mayday]

Staying put
No brainer

 

[JTH]

#4, a reload is just around the corner, next month should be fun

 

[mayday]

#4, a reload is just around the corner, next month should be fun

I hope it will be. You sound confident.

 

[mayday]

Vix is a concern. I'll be looking at this closely before I enter the market next month.

http://stockcharts.com/h-sc/ui

 

[mayday]

Opps Gave you the wrong chart. $vix is what I meant to post.

http://stockcharts.com/h-sc/ui?s=$vix

 

[mayday]

I see futures are up. I believe this is due to the auotmatic end of the month deposits to 401K and IRA's.

 

[mayday]

http://stockcharts.com/freecharts/gallery.html?spx SPX Looks like a bullish reversal pattern

 

[Bquat]

http://stockcharts.com/freecharts/gallery.html?spx SPX Looks like a bullish reversal pattern

Doesn't look like a double top at 1344?