MrJohnRoss' Account Talk

[JTH]

How do you like the traders almanac?

This is 3rd edition I've picked up, it doesn't' dig as deep as my excel stats do, but it does provide a good overview. It's an easy read, I do wish I could export some of the stats into excel, but it serves it's purpose, and I believe it's worth the 32 bucks.

 

[MrJohnRoss]

Thought about jumping back in to the markets to take advantage (correction: possible advantage) of the seasonally strong days surrounding Thanksgiving, but I just couldn't bring myself to do it. The advantage to doing this would be not only possibly earning a higher return, but would also put me in stocks to start the month, which is usually an advantage to us TSP traders who have to manage our two IFT's.

The downside would be buying in at these lofty levels, only to see a flat to down market ensue, and a possible big down day to start Dec 1st. A pullback is still overdue IMHO, so I'll hold tight to F, and continue to enjoy a slight gain each day.

 

[jpcavin]

Thought about jumping back in to the markets to take advantage (correction: possible advantage) of the seasonally strong days surrounding Thanksgiving, but I just couldn't bring myself to do it. The advantage to doing this would be not only possibly earning a higher return, but would also put me in stocks to start the month, which is usually an advantage to us TSP traders who have to manage our two IFT's.

The downside would be buying in at these lofty levels, only to see a flat to down market ensue, and a possible big down day to start Dec 1st. A pullback is still overdue IMHO, so I'll hold tight to F, and continue to enjoy a slight gain each day.

I hope the pullback happens in December when I actually have IFT's to burn.

 

[Bill3438]

I know you guys know a lot more about this than me but I'm starting to think will not have a pull back of any size.

 

[WorkFE]

Not a question of "will we" but "when will we".
Someone figure that out, give me a 24 hour heads up.

 

[MrJohnRoss]

I know you guys know a lot more about this than me but I'm starting to think will not have a pull back of any size.

That's about as close to a signal of a psychological top as I've heard in a while.

The big market movers are hoping all the Mom's and Pop's are thinking exactly the same.

 

[MrJohnRoss]

Not a question of "will we" but "when will we".
Someone figure that out, give me a 24 hour heads up.

Did you want the 24 hour heads up in dog beers? If so, it was on 11/14/14.

 

[kb9nvh]

I almost bought back in today over just plain exhaustion waiting....The initial downward prices got me excited. Taking the bait!! LOL

 

[Bill3438]

I may bait tomorrow.

 

[WorkFE]

Missed it by that much.

 

[Birchtree]

Aren't you excited by uncharted territory?

 

[MrJohnRoss]

Aren't you excited by uncharted territory?

Actually, yes. I just needed to pull over to the side of the road because the engine hot light came on. It's still on, so I'm gonna wait for it to cool down a bit before heading back down the highway. Feel free to pass me by while I put in "coast" for a while.

I have a feeling I'll be seeing you on the side of the road with steam coming out from under your hood soon. I'll be sure to give you a friendly wave hello as I pass you back by again.

 

[Mcqlives]

Actually, yes. I just needed to pull over to the side of the road because the engine hot light came on. It's still on, so I'm gonna wait for it to cool down a bit before heading back down the highway. Feel free to pass me by while I put in "coast" for a while.

I have a feeling I'll be seeing you on the side of the road with steam coming out from under your hood soon. I'll be sure to give you a friendly wave hello as I pass you back by again.

MrJohnRoss made some very nice euphemism's but he forgot that Birch rides a bull...so the steam coming out as the market falls may be coming from under the "tail", not a hood. Sorry...I couldn't resist the easy reference to Birches oft quoted "Bull Manure"...

 

[Bill3438]

Maybe you're right.

 

[MrJohnRoss]

Maybe you're right.

"Maybe" being the operative word. I did move up a notch on the AT, as some of the C Funders sputtered today, and S Funders laid a goose egg.

I'm not gloating tho, as I fully expect them to put in a nice one-two combination on Wed/Fri.

Dang.

 

[MrJohnRoss]

Here's a look at the 2 Hr chart of AGG. The arrow represents the approximate EOD entry on 11/14 at 109.86. Looks like it was pretty good timing to hop off the C train, and get in near the bottom of the bowl as it was beginning it's ramp higher.

My best guess is a move to the 111 area before we hit overhead resistance.

Also, the daily chart (not shown) is printing a bullish PPO (MACD) crossover buy signal.

 

[law87]

I am in the F train as well, best of luck

 

[MrJohnRoss]

[h=1]Two Rules Can Reduce Risk In The Stocks You Buy
[/h]

 

[RealMoneyIssues]

[h=1]Two Rules Can Reduce Risk In The Stocks You Buy
[/h]

too late

and

too late

 

[MrJohnRoss]

Dood!

It's NEVER too late.