MrJohnRoss' Account Talk

[jkenjohnson]

Here's an idea for using TA for spotting turning points in the market... a chart of the Wilshire 5000 utilizing the Total Market Summation Index. Note that it's fairly simple to spot turning points in the Summation Index. I provided red vertical lines at the tops of the Index, and green vertical lines at the bottoms. I also provided red or green lines on the W5000 itself to see whether the market went up or down during the buy or sell signals. Looks fairly impressive. Yet another tool in the arsenal?

View attachment 30386

It's easy to chart after the fact. If you can find a way to establish triggers like JT asked, then you may have something very valuable.

 

[Khotso]

Here's an idea for using TA for spotting turning points in the market... a chart of the Wilshire 5000 utilizing the Total Market Summation Index. Note that it's fairly simple to spot turning points in the Summation Index. I provided red vertical lines at the tops of the Index, and green vertical lines at the bottoms. I also provided red or green lines on the W5000 itself to see whether the market went up or down during the buy or sell signals. Looks fairly impressive. Yet another tool in the arsenal?

View attachment 30386

Nice! I have the same question a couple others did John. How would you actually know that the TSI has peaked or bottomed? Dp you have any thoughts at this point about that -- that you can share?

 

[MrJohnRoss]

Cool, are there 2 triggers?

Check out the Total Market McClellan Oscillator for your answer. jken and khotso, hope that answers your questions. FWIW, there is no perfect model for getting every buy and sell signal nailed down to a gnats ass. Otherwise I'd be a multi-gazillionaire. This is just another tool that you can use, along with your other tools.

Good luck!

 

[MrJohnRoss]

8 Things to Learn From Japan's Biggest Day Trader

Good stuff here. Print em out and tape them to your wall.

 

[jkenjohnson]

Check out the Total Market McClellan Oscillator for your answer. jken and khotso, hope that answers your questions. FWIW, there is no perfect model for getting every buy and sell signal nailed down to a gnats ass. Otherwise I'd be a multi-gazillionaire. This is just another tool that you can use, along with your other tools.

Good luck!

Thanks. I'll check it out.

 

[jkenjohnson]

Check out the Total Market McClellan Oscillator for your answer. jken and khotso, hope that answers your questions. FWIW, there is no perfect model for getting every buy and sell signal nailed down to a gnats ass. Otherwise I'd be a multi-gazillionaire. This is just another tool that you can use, along with your other tools.

Good luck!

So are the triggers when the 19EMA crosses above the 39EMA is a buy, and when the 19EMA crosses below the 30EMA is a sell?

 

[jpcavin]

So are the triggers when the 19EMA crosses above the 39EMA is a buy, and when the 19EMA crosses below the 30EMA is a sell?

It's just another momentum, indicator. Advancing issues vs declining issues. It signals a surge in bullish or bearish breadth. It's not the holy grail.:notrust: That's my understanding anyway.

 

[jkenjohnson]

It's just another momentum, indicator. Advancing issues vs declining issues. It signals a surge in bullish or bearish breadth. It's not the holy grail.:notrust: That's my understanding anyway.

Thanks Lucy but I knew that. The buy and sell triggers are not obvious to me.

 

[jpcavin]

Thanks Lucy but I knew that. The buy and sell triggers are not obvious to me.

Buy signals are generated when the indicator gets into the -50 to -100 range and then turns up. Sell signals are generated when the indicator gets into the +50 to +100 range and then turns down.

Better?

 

[MrJohnRoss]

I would hate to burn one of my IFT's to go to the F Fund, but I'm seriously considering it. Anyone else thinking of doing the same?

 

[JTH]

I would hate to burn one of my IFT's to go to the F Fund, but I'm seriously considering it. Anyone else thinking of doing the same?

Already did, I played football today and dropped the ball twice, did the same thing in my account too...

 

[Bobbyh]

Tsp millionaire will stay in g until s&p grits down to 1875-1900. S fund needs to get below 890( symbol:dwcpf.

 

[blueroadster]

You're good at interpreting charts...This file has a bunch of technical indicators for AGG to help you decide. Although it looks good for the most part, I would hold the IFT at this point rather than chase the leader and see what the various funds do tomorrow. As for me, I got into the I Fund a few days ago as a risky decision and am paying the price since it started a bear trend a few months ago.

 

[MrJohnRoss]

ZOMG, have you seen what NUGT and JNUG did today??? Lordy, lordy. Was just telling my manager yesterday he should consider get into JNUG. He wouldn't do it.

 

[MrJohnRoss]

Wilshire 5000 McClellan Oscillator Summation Index was at -479 as of yesterday. Haven't seen a level this low since June of 2012.

That's either a good thing, or a bad thing. Opportunity knocking?

 

[k0nkuzh0n]

whats the difference between NUGT and JNUG?

 

[weatherweenie]

whats the difference between NUGT and JNUG?

About $11 :cheesy:

 

[MrJohnRoss]

whats the difference between NUGT and JNUG?

NUGT is 3X Gold Miners Index.

JNUG is 3X Junior Gold Miners Index.

Juniors are going to have more volatility - hence more opportunity to make money (or lose money) depending on your skill.

 

[MrJohnRoss]

Multitasking Lowers Your IQ and Can Damage Your Brain

Important stuff here, folks.

 

[MrJohnRoss]

It's always good to take a step back each weekend and look at the big picture. With that in mind, here's a graph of the longer term view of the S&P 500 Timing Model.




This model says the major bear market hasn't started yet. For those of you who like to buy and hold, and only miss the major bear markets, hang in there a while longer.