MrJohnRoss' Account Talk

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Birchtree said:
Some people should be investors and not timers. One who buys right must stand still in order to run fast. That does work.
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Birch, you give sage advice.

Was just discussing with my wife about building a portfolio of WDDG's (World Dominating Dividend Growers). I have a list of about 10-12 companies that I'd like to build a nice little nest egg with...

I've got about 10 years before retirement. I think that if I salt enough away, I could have a good, growing dividend stream by that time.

Between that, my more aggressive timing system, and other sources of income, I hope to be doing just fine, God willing.
 
System generated sell signal on Friday, but I was hoping we would see a rebound on Monday, since I just got a buy signal 1 week prior. My system usually doesn't generate signals this often. I was hoping not to get whipsawed to death! There is a risk that today could be a bottom, but I think there is a bigger risk of further downside, hence the move to G.

Good luck everyone!
 
MrJohnRoss said:
System generated sell signal on Friday, but I was hoping we would see a rebound on Monday, since I just got a buy signal 1 week prior. My system usually doesn't generate signals this often. I was hoping not to get whipsawed to death! There is a risk that today could be a bottom, but I think there is a bigger risk of further downside, hence the move to G.

Good luck everyone!
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Ok, so should I put you in sell as of Monday (signal gen'd on Fri) or today?
 
MrJohnRoss said:
System generated sell signal on Friday, but I was hoping we would see a rebound on Monday, since I just got a buy signal 1 week prior. My system usually doesn't generate signals this often. I was hoping not to get whipsawed to death! There is a risk that today could be a bottom, but I think there is a bigger risk of further downside, hence the move to G.

Good luck everyone!
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The Seven Sentinels flashed an unconfirmed sell on Friday, but held. Today could push it back into an official sell condition, but we are definitely in a whipsaw market right now. I recommend staying in cash until the market settles out. Of course, if one is already exposed to stock funds, they are probably better off staying the course as I think we are getting close to a bottom as well.
 
coolhand said:
The Seven Sentinels flashed an unconfirmed sell on Friday, but held. Today could push it back into an official sell condition, but we are definitely in a whipsaw market right now. I recommend staying in cash until the market settles out. Of course, if one is already exposed to stock funds, they are probably better off staying the course as I think we are getting close to a bottom as well.
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Jim, you may be right. However, I'm becoming concerned that the market looks like it may have formed an intermediate term top on April 2nd. The May 1st high was a lower high, which was unable to break above the 4/2 high. The charts just don't look very well, and I believe we may be in for further damage before we turn around. I've decided to wait on the sidelines for now and get some confirmation that the technical indicators are improving.
 
Economic Alert: If You're Not Worried Yet, You Should Be / ZeroHedge


shark.jpg

"... I believe that QE3 will probably be announced this year (due in large part to trauma from Europe), and, that this will trigger a mass movement by foreign nations to drop the dollar as the world reserve. QE3 will be the straw that broke the camel. How exactly this will play out socially and politically, I do not know (I could take a good guess though). But, the technical results are predictable. The Fed will respond to the lack of treasury purchases by ramping up fiat printing in order to cover the ever increasing costs of the government machine. The Greenback will immediately lose a large portion of its value, at least in terms of imported goods, causing inflation in prices. Oil and energy prices will skyrocket if OPEC follows suit (which they will, though the Saudis may still honor dollars for a time). Doing any traditional business will become nearly impossible, and price inflation will dominate the lives and the minds of average unprepared citizens. ..."

Excellent essay. Ignore it at your own risk.
 
Thankyou, I'll ignore the immediate headlines and wait for the return of Ferdinand. Anything from Zero Hedge is not worth my initiative.
 
Don't be afraid to read information and/or opinions contrary to your own. The thoughts that you form in your mind while reading them just might come in handy one day.

"Chance favors the prepared mind." ~ Louis Pasteur
 
Handballer said:
After losing 0.14% with the F fund the last two days, I'm glad to hold it for todays action.
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It's about time, I really don't know why the Markets are hanging in there to the upside, I don't see anything good?
Sometimes stocks and bonds are up on the same day but not often.
Big fight between the bear.jpgs and the bullsnort.gifs.​
 
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