MrJohnRoss' Account Talk

[Khotso]

The above quote was on 10/7.

As much as I wanted to be in the F Fund then, I would not want to be in it now. Yesterday would have been the ideal day to sell the F Fund.

Uptrend did and nailed it by moving to S COB yesterday. Great move. Congrats to Uptrend!

 

[ILoveTDs]

Uptrend did and nailed it by moving to S COB yesterday. Great move. Congrats to Uptrend!

We'll see :suspicious:

 

[MrJohnRoss]

Uptrend did and nailed it by moving to S COB yesterday. Great move. Congrats to Uptrend!

Nailed it indeed! Look who's at the top of the AT today.

 

[MrJohnRoss]

Looks like a strong rebound is taking shape after an oversold condition. Decided not to wait for confirmation with the MOSI (McClellan Oscillator Summation Index), which only produces data after the market closes.

Going 100% S Fund at the close of business today. There may be a re-test of the lows, but I think the odds are good that the market could go much higher from here over the next couple of weeks.

Good luck!

 

[robo]

Anyone buying JNUG in the $11 area? How about NUGT at $23? Going once... going twice... ...

This guy did. Miners are at the end of the video.

https://www.youtube.com/watch?v=rc3WjDcHmNo

 

[tsptalk]

I bought NUGT the other day (Oct 9) for 22.27 and have been itching to get out since - Must be a bullish sign . I hate holding onto this sucker for very long but it has just been hanging around the $22 to $23 since. I need to see it make a move soon or I'm afraid the gold bears will push it down again. A move up will surely trigger a nice short covering rally.

Just some follow-up and something I posted in the gold ETF forum...

Sold NUGT @ 20.49. Never liked the action and should have sold earlier. I will take the loss here on today's gain before it breaks down again, which it looks like it could.

Good luck if you're hanging on. But don't make too much money without me.

 

[MrJohnRoss]

Just some follow-up and something I posted in the gold ETF forum...

Sold NUGT @ 20.49. Never liked the action and should have sold earlier. I will take the loss here on today's gain before it breaks down again, which it looks like it could.

Good luck if you're hanging on. But don't make too much money without me.

Yessir, it's a rough and rocky road with these ETF's.

 

[MrJohnRoss]

For those of you who are interested, the MOSI for the Wilshire 5000 switched to a buy signal on Friday, and for the S&P 500 today.

Good luck!

 

[MrJohnRoss]

$EMW up 215 basis points! :nuts:

 

[MrJohnRoss]

Just checked the AT, and I'm shocked to see myself at #9. I've never been in the top 10. Don't expect to be there too long, but it's nice to say I've been there once. Ha!

 

[nnuut]

Congratulations!

 

[Cactus]

Good Job, MJR!!!

 

[JTH]

Just checked the AT, and I'm shocked to see myself at #9. I've never been in the top 10. Don't expect to be there too long, but it's nice to say I've been there once. Ha!

Here let me help you down the stairs...

View attachment 30764

 

[Whipsaw]

=:-o

 

[MrJohnRoss]

Here let me help you down the stairs...

View attachment 30764

HAHAHAHA!!!!!! OMG that's the best response EVER! What movie did that come from???

 

[MrJohnRoss]

Breaking News...

Woman Sues Over Photo of Her With Pencils In Her Eyes

:blink:
:blink:
:blink:

 

[nnuut]

Here let me help you down the stairs...

View attachment 30764

Is that Paul Ryan?
Paul Ryan Throws Granny Off Cliff In Ad Refused By Wisconsin TV Station (VIDEO)

http://www.huffingtonpost.com/2012/08/16/paul-ryan-ad-wisconsin_n_1792380.html

 

[MrJohnRoss]

Just some follow-up and something I posted in the gold ETF forum...

Sold NUGT @ 20.49. Never liked the action and should have sold earlier. I will take the loss here on today's gain before it breaks down again, which it looks like it could.

Good luck if you're hanging on. But don't make too much money without me.

Looks like the strength in the dollar is not only crushing oil prices, but PM's as well. Dollar is gaining strength after a minor pull-back, and metals are doing just the opposite. Now it's not so much supply and demand of gold and silver as it is the strength of the dollar. That seems to be the key these days.

 

[tsptalk]

Exactly. Gold is an inflation play and there seems to be more concern with deflation and a stronger dollar.

That's not why I sold.... it was a purely technical analysis and lack of strength in NUGT, which I hate to hang onto for too long. Quick trades only for me in NUGT / DUST if possible.

 

[MrJohnRoss]

Expecting the S&P to run up to the 50 DMA and possibly back off in the next day or two. 50 DMA is roughly at 1967, so we don't have far to go. Not expecting another down-draft, just a bit of a pause for a few days to consolidate after this huge run-up. I'm guessing there's a good probability of blowing through it next week. There's too much internal strength, and the the big boys are in a buying mood right now.