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mlk_man's account talk
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vectorman
Active member
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I still think the I fund has a little catching up to do, even with the big gain yesterday. If the SP500 cannot break through 1190 today, tomorrow could be a down day. If the S fund has another day of gains ( four in a row ), it's due for adown day. Over seas markets are all up, but the dollar is stronger. This would probably be a good day to run to G fund without encountering a loss.All the chartshave started an upward trend. There are those in the herd who don't want to miss out and will jump in. The trend is your friend. It's may be a good time to buy the dips and sell the highs near the resistent level . Decision ....decision ..... decision.....
I still think the I fund has a little catching up to do, even with the big gain yesterday. If the SP500 cannot break through 1190 today, tomorrow could be a down day. If the S fund has another day of gains ( four in a row ), it's due for adown day. Over seas markets are all up, but the dollar is stronger. This would probably be a good day to run to G fund without encountering a loss.All the chartshave started an upward trend. There are those in the herd who don't want to miss out and will jump in. The trend is your friend. It's may be a good time to buy the dips and sell the highs near the resistent level . Decision ....decision ..... decision.....
Birchtree
Well-known member
imported post
Show-me,
It's going to be a long, long day. But the tape actually feels rather comfortable right now. There is a lot of money circulating around looking to participate-you might not get much of a pull back any time soon. The train is leaving the station and folks will have to run faster and faster to get on. Remember the market doesn't want to take on riders. The old saying stands true-the market wants to take as few people with it on the upside as possible-and take everyone to the downside when it can. Keep control of the emotions-the gut rules- I still think we are entering another secular bull market. And by the way I think I know where Mr Little got off to.
Dennis
Show-me,
It's going to be a long, long day. But the tape actually feels rather comfortable right now. There is a lot of money circulating around looking to participate-you might not get much of a pull back any time soon. The train is leaving the station and folks will have to run faster and faster to get on. Remember the market doesn't want to take on riders. The old saying stands true-the market wants to take as few people with it on the upside as possible-and take everyone to the downside when it can. Keep control of the emotions-the gut rules- I still think we are entering another secular bull market. And by the way I think I know where Mr Little got off to.
Dennis
mlk_man
Banned
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I'm moving to 100% S this morning looking to buy lower. I hope today is just some profit taking and we'll be back up Monday. If not, then I'll just bolt Monday. I thought about going to G and get the penny Mon. or Tues., but decided to stick with S. To heck with that I fund!!
Good luck,
M_M
I'm moving to 100% S this morning looking to buy lower. I hope today is just some profit taking and we'll be back up Monday. If not, then I'll just bolt Monday. I thought about going to G and get the penny Mon. or Tues., but decided to stick with S. To heck with that I fund!!
Good luck,
M_M
mlk_man
Banned
imported post
I'm moving to 100% S this morning looking to buy lower. I hope today is just some profit taking and we'll be back up Monday. If not, then I'll just bolt Monday. I thought about going to G and get the penny Mon. or Tues., but decided to stick with S. To heck with that I fund!!
Good luck,
M_M
I'm moving to 100% S this morning looking to buy lower. I hope today is just some profit taking and we'll be back up Monday. If not, then I'll just bolt Monday. I thought about going to G and get the penny Mon. or Tues., but decided to stick with S. To heck with that I fund!!
Good luck,
M_M
imported post
mlk_man wrote:
Be careful is right. But don't get too defensive, in my opinion, until the neckline fails. That would be near6900 on the NYSE (it is a downward sloping neckline).
Tom
mlk_man wrote:
I noticed that about the NYSE. Hadme puzzled asthe S&P 500, Dow and Nasdaq are not in the same position.Remember back in December oil had a major H&S pattern but the neckline held at 42.5 andended up rallying to near 60.
Be careful is right. But don't get too defensive, in my opinion, until the neckline fails. That would be near6900 on the NYSE (it is a downward sloping neckline).
Tom
Show-me
Well-known member
imported post
mlk_man wrote:
And to your question. I have no idea what the market will do but I will have the finger on the G fund button and trying to keep hope alive. Where ya at Birch? Motivate me! O, and I am watching you and everyone else.
Oil is the BIG factor that is kicking our butts. Inventory, production, capacity, ect. Just when things seem to be going well.......oil prices rise. And that darn I fund............ looks like it will have a good day today. Ahhhh I'm not in the I fund today. Go figure!
mlk_man wrote:
So is institutional money considered a better indicator? To me the S&P, for the same time period as the NYSE, looked like a Head and Shoulder pattern was forming. The peak of the right shoulder was very low compared to the left shoulder. This may technically not be considered an H&S pattern because of the extremely low right shoulder. Neck line looked to me like around 1165?
And to your question. I have no idea what the market will do but I will have the finger on the G fund button and trying to keep hope alive. Where ya at Birch? Motivate me! O, and I am watching you and everyone else.
Oil is the BIG factor that is kicking our butts. Inventory, production, capacity, ect. Just when things seem to be going well.......oil prices rise. And that darn I fund............ looks like it will have a good day today. Ahhhh I'm not in the I fund today. Go figure!
mlk_man
Banned
imported post
Show-me wrote:
Good luck,
M_M
Show-me wrote:
Institutional money is what Tom refers to as "smart money" I believe. The latest mini rallies on the NYSE have been on low volume so I'm thinking the smart money is just waiting for the dumb money to be fully invested then they'll start selling. I don't expect a major pullback, but a pullback none the less.So is institutional money considered a better indicator? To me the S&P, for the same time period as the NYSE, looked like a Head and Shoulder pattern was forming. The peak of the right shoulder was very low compared to the left shoulder. This may technically not be considered an H&S pattern because of the extremely low right shoulder. Neck line looked to me like around 1165?
Good luck,
M_M
mlk_man
Banned
imported post
Moving to 100% C this morning. Was going to go 100% S instead, but looks like the C will end lower than the S today so I'll hope to buy it at a lower price. Also, just in case we continue down tomorrow, the S most likely would be lower than the C cause I doubt the C would be lower than the S two days in a row.
JMHO, good luck,
M_M
Moving to 100% C this morning. Was going to go 100% S instead, but looks like the C will end lower than the S today so I'll hope to buy it at a lower price. Also, just in case we continue down tomorrow, the S most likely would be lower than the C cause I doubt the C would be lower than the S two days in a row.
JMHO, good luck,
M_M
mlk_man
Banned
imported post
mlk_man wrote:
mlk_man wrote:
TSP won't let me on so I'm staying with 100% F fund looks like. I'll take it as an omen because I was really undecided here. We are 3% over our 50-day moving average with the S fund. Since we've been consolidating and haven't broken out yet, I'm content with it.
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