MrJohnRoss' Account Talk

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So how do you think things are looking JR? I was hoping for a little pullback today, but it seems like it is recovering from that...then again we have quite a while left before the market closes.

It looks like we only have two more days to get back into the market before March otherwise we will only be able to enter the market once in March.

Unfortunately I have to go to Toledo for work on Wednesday so hopefully I can do enough watching on the board and figure out what I will do becuase that will be the last day in February to make a move...
 
nasa1974 said:
I was T-minus 4 minutes away from seeing a shuttle launch from across the bay. I was about 50 yards away from the launch clock they show in the pictures. The launch was scrubbed because of a APU (Auxillary Power Unit) problem. :( Many years later I saw a night launch from my sister-in-laws backyard in Tampa.
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Yeah, stuff happens. My boss flew to the Cape the week before last to see this Atlas launch, and had it scrubbed at the last second due to high upper level winds. Bummer, Dude!
 
MaStA said:
So how do you think things are looking JR? I was hoping for a little pullback today, but it seems like it is recovering from that...then again we have quite a while left before the market closes.

It looks like we only have two more days to get back into the market before March otherwise we will only be able to enter the market once in March.

Unfortunately I have to go to Toledo for work on Wednesday so hopefully I can do enough watching on the board and figure out what I will do becuase that will be the last day in February to make a move...
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Yeah, I know what you mean MaStA. Would love to have the market cooperate with our IFT schedule, but my system is still in a sell position. I'll post any changes as soon as there is a switch.

Looking at the last 3+ years of data, my new timing system did not exceeded the two IFT limit in any month. Not that it can't happen, but it's highly unlikely.

Hope that helps!
 
MrJohnRoss said:
Yeah, I know what you mean MaStA. Would love to have the market cooperate with our IFT schedule, but my system is still in a sell position. I'll post any changes as soon as there is a switch.

Looking at the last 3+ years of data, my new timing system did not exceeded the two IFT limit in any month. Not that it can't happen, but it's highly unlikely.

Hope that helps!
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Good stuff and once again thank you for your help! As much as I would love to be in on these green positive days there hasn't really been anything big going on worth the risk of this market. There is a lot of sideways action going on and if you zoom in enough on the chart of course it will make it look like some big action is going on when in reality it is not.

Now I'm trying to sound technical when in reality I have no idea what I'm talking about hahaha.
 
MaStA said:
Good stuff and once again thank you for your help! As much as I would love to be in on these green positive days there hasn't really been anything big going on worth the risk of this market. There is a lot of sideways action going on and if you zoom in enough on the chart of course it will make it look like some big action is going on when in reality it is not.

Now I'm trying to sound technical when in reality I have no idea what I'm talking about hahaha.
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No, I think you're starting to understand what's really happening in the markets, and formulating some good opinions. Definitely a lot of sideways action happening, and a lot of propping up of the markets by the Fed to make everything appear Hunky Dory. These little floater up days by 0.1% day after day hurt our performance, but there is a lot of technical stuff happening underneath the surface that is troubling. My opininon is that there is higher risk than reward in the markets right now. Unless the market truly powers higher, I'm happy to stay on the sidelines.
 
I know exactly what you mean with the market cooperating rating with our IFT'S. I ran to the G Fund last week on Tuesday and then started second guessing my thoughts by Friday.

I am now eager to jump back on prior to march so that I can utilize my IFT'S this month as the market is expected to go on and reach 14,000.

I'm also ready to see how I did this month as far as returns but don't wanna call back to long for what seems to be a runaway bull marketis coming.

I look for to seeing what happened last few days of this month.

I am open to any information that yourself or MrJohnRoss has and will continue to monitor your posts.

Thanks
 
It appears that many of us are in the same boat ... waiting on the sidelines, looking for an opportunity to be invested in equities before March arrives. I jumped to G mid-month. I'm new to this and the market was making me a little nervous. I wasn't comfortable with the risk and decided to lock in my gains so far. Since jumping, I would have had a negative return (with my old allocation), so I'm happy with the decision.

I almost made an IFT today, but I didn't feel like I was doing it for the right reasons. I would have been moving into equities just to be in equities by the end of the month. Ideally, I would like to make a move for reasons other than a new month is near. But who knows? I may do exactly that in the next couple of days!
 
"Celente's advice centers on survival. He says buy gold so you don't lose purchasing power when the value of the dollar plummets. He says buy a gun to protect your family against desperate people in search of food and money. He says plan a getaway to places with more stable finances and governments."

Reminds me of the zombie movies I've been watching with my son.​
 
At some point guys like that and Peter Schiff may be right, but in the meantime they missed a 100% rally off of the March '09 lows. That's why I say, if you can be nimble, and we can in our TSP accounts as far as selling goes, let the charts tell you want to do. Of course they were right about gold.
 
No doubt, the train we're on is eventually going to go off a cliff. Celente offers good advice for that eventuality. The way I look at it, it's cheap insurance for an uncertain future. The long term bull market in precious metals is not going to go away. Instead, I think it's just going to gain steam as the Fed continues to print money to pump up the economy. I would be very wary of moving into any inner city at this point in our economy. When the s7!t hit's the fan, that's the last place you wanna be.

Tom, I agree that you can make money in any market condition, if you know what to look for. For traders like ourselves, we can enjoy these short term movements in the market to their maximum advantage. I would not want to declare myself either a super bear, or a super bull, and stay 100% out, or 100% in. I'd much rather take what the market gives me, and make money on both ends. I have a feeling we're gonna need every penny we can get our hands on when the world economy eventually collapses.

Thud. What a killjoy. Bwahahaha!
 
On Friday, Jason Goepfert (the guy who runs SentimenTrader.com) wrote, "Risk is high for a looming correction... most likely 2-4 weeks and 3%-8% in duration."

Glad to see I'm not the only guy who's been urging caution...
 
Thank you Ben Bernanke, BHO, and the Fed for printing trillions upon trillions of worthless paper and destroying the U.S. dollar.

China will soon assume control of the world's reserve currency.

This ARTICLE will make your blood boil.
 
I knew this was coming but it still makes me want to Throw Up to think our Government is SOOOO STUPID! toilet4.gif
 
Anyone here on TSPTalk trade Gold & Silver?

I made a ton of money last year with AGQ, then promptly lost it all in the metals meltdown.

Looks like precious metals are on a tear again. Take a look at AGQ (200% leveraged Silver bullion ETF):

YTD return = 73.7%

AGQ.png
 
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