Mayday's Account Talk

[mayday]

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

We might be on the verge of a tear here.

 

[Birchtree]

The shorts are going to kick this puppy up through the clouds - not sure what their technical level is but it's coming. The longer they wait the higher their anxiety levels until they puke.

 

[mayday]

The shorts are going to kick this puppy up through the clouds - not sure what their technical level is but it's coming. The longer they wait the higher their anxiety levels until they puke.

I thought we hit resistance yesterday, but I was wrong.

I canceled my pending IFT request. I'm still 100% S-fund.

Happy hunting Birch

 

[mayday]

IFT 100% G

 

[mayday]

IFT 100% S

 

[MaStA]

IFT 100% S

I'm going to hang onto the S fund as well because I have a lot of negative to make positive still...hopefully my good luck hasn't ran out yet since I got in right before the huge rally.

*Crossing fingers*

 

[cak165]

IFT 100% S

Man, that's pretty gutsy before the weekend. I am in the same boat but I think a lot of second guessing and analyzing is going to happen over the weekend, I'm thinking Monday will be a big down day and then the market will resume its aim for a new high...

 

[mayday]

I'm going to hang onto the S fund as well because I have a lot of negative to make positive still...hopefully my good luck hasn't ran out yet since I got in right before the huge rally.

*Crossing fingers*

I got out after Mondays rally. I would have been back in by Wednesday but my computer fried.

I'm using my new notebook now. I missed out on big money yesterday.

 

[mayday]

Man, that's pretty gutsy before the weekend. I am in the same boat but I think a lot of second guessing and analyzing is going to happen over the weekend, I'm thinking Monday will be a big down day and then the market will resume its aim for a new high...

I want that extra trade next month. The market is on a tear. Christmas times a coming.

 

[MaStA]

I road the wave for a while which put me down almost 20% in my YTD on my TSP account. Then I made the dumb decision to say enough is enough and then the market started skyrocketing and I missed out on making up for my major losses. Thankfully I got this rally and got back over 4%...

I am learning that I won't regain my losses on the sidelines and without me being an expert I can't make expert opinions about where the market is going to go so I try to base it off what others are saying here and what I read online elsewhere. I understand we may see some negative in the next few days, but overall I think I am better in than out because it seems like the major downswings may be over (hopefully).

Furthermore, I used my two IFT's for this month so I would like to go into next month invested instead of having to burn one of my November IFT's to get back in.

 

[mayday]

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

We are about to test the 200 Day Moving Average

 

[nasa1974]

HAPPY BIRTHDAY!!

A Happy Thanksgiving also.

 

[nnuut]

And Turkey Day!

 

[KevinD]

 

[eccougar]

Happy Birthday.

 

[mayday]

I have not looked at my thread in some time as you can tell.

Thanks for the birthday wishes. I really did have a great Thanksgiving.

 

[mayday]

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

I think it's up up and away from here till Christmas.

 

[RealMoneyIssues]

I think it's up up and away from here till Christmas.

Be careful Mayday. Even though we are up, there are some pretty big resistances hindering further significant up move (not even including the Europe issues).



With that said, watch the descending line from the July highs along with the 200 EMA. I don't normally follow EMA, so I don't normally plot it; however, many analysts do.

Both the 20 and 50 SMA are below the 200 SMA, which is bearish.

It will take some really good news (not including BT's wishes) or some USD manipulation (USD down, market up) for this resistance level to be breached. I am not saying it can't be done, just saying it makes it harder. Also, a small decline for a few days will give the "illusion" of a Christmas rally...

By the beginning of the year, there will be a breakout of this triangle one way or the other. Which way is anyone's guess...

 

[mayday]

Be careful Mayday. Even though we are up, there are some pretty big resistances hindering further significant up move (not even including the Europe issues).

View attachment 16429

With that said, watch the descending line from the July highs along with the 200 EMA. I don't normally follow EMA, so I don't normally plot it; however, many analysts do.



Both the 20 and 50 SMA are below the 200 SMA, which is bearish.

It will take some really good news (not including BT's wishes) or some USD manipulation (USD down, market up) for this resistance level to be breached. I am not saying it can't be done, just saying it makes it harder. Also, a small decline for a few days will give the "illusion" of a Christmas rally...

By the beginning of the year, there will be a breakout of this triangle one way or the other. Which way is anyone's guess...

Here is another very important matter that bears consideration.

The tax deduction which allows a small business to deduct up-front rather than depreciate $500,000 worth of equipment purchases, is expected to shrink to $125,000 next year then fall further in 2013 to $25,000.

This information gives me the impression that a intelligent well informed entrepreneur would buy his equipment this year instead of waiting to get screwed.

Opinions?

 

[uscfanhawaii]

I HOPE you are right!! I am fully invested now, patiently waiting for Santa....:notrust:.....but I did count the Friday IFTs. Around 2 to 1, getting out to getting in. and there were a lot of IFTs Friday! Now if we just knew if the Autotracker IFTs is a contrarian indicator....:worried: