MrJohnRoss' Account Talk

[Cactus]

The market provided a sell signal today. I moved to 100% cash (G Fund).

Sounds about right. I just went in to the market yesterday. Given my track record, you made the good move.

Hey James, thanks for stopping by. What is the SS you are following?

That would be the TSP Talk Sentiment Survey system on this site http://www.tsptalk.com/sentiment.php . It's down over 10% for the year. It's surprizing that it's doing even worse then me. Well, the year isn't over yet and I just went in.

 

[JamesE]

The market provided a sell signal today. I moved to 100% cash (G Fund).

Best of luck everyone!

I'm not ready to give up on December, this soft spot is right on time. I found IYB's thread on traders-talk VERY intriguing. A member posted the link over in coolhands thread, check it out. Those charts are scary, and past history backs them up. I'm bailing as soon as I pocket some change.

 

[Talan150]

John,
you mentioned in one of your posts the you use the Stochastics as one of your indicators. can you share if it is the slow, fast, or full version that you use?

 

[jkenjohnson]

Tough time to make monet right now.

 

[MrJohnRoss]

John,
you mentioned in one of your posts the you use the Stochastics as one of your indicators. can you share if it is the slow, fast, or full version that you use?

I prefer the full version, and liken it to a gas pedal on a car. If the stochastics is going up, the gas pedal is being pushed. Stochastics going down, the gas pedal is being let up.

 

[MrJohnRoss]

I'm not ready to give up on December, this soft spot is right on time. I found IYB's thread on traders-talk VERY intriguing. A member posted the link over in coolhands thread, check it out. Those charts are scary, and past history backs them up. I'm bailing as soon as I pocket some change.

I'll have to look for IYB... is that an acronym?

 

[akpackfan]

No, its the tag name of a frequent poster on the Traders Talk website.....

What JamesE is referring to, I believe, is a recent post IYB made about us recently starting a bear leg down based on the MACD crossing downward on the SPX monthly charts. Looks like the cross occurred at the end of September. Following this crossover during the last 20 years would have had you in for the vast majority of the bull markets and out the vast majority of the bear markets. You would have done quite well......

 

[Talan150]

I prefer the full version, and liken it to a gas pedal on a car. If the stochastics is going up, the gas pedal is being pushed. Stochastics going down, the gas pedal is being let up.

Oh I see. Thanks for the insite.

 

[JamesE]

I'll have to look for IYB... is that an acronym?

http://www.traders-talk.com/mb2/index.php?showtopic=136612

Don created the Seven Sentinels trading system.

 

[Happy_Trails]

I saw Don's chart a few days ago - sobering to say the least.

 

[jkenjohnson]

I saw Don's chart a few days ago - sobering to say the least.

The link will not work for me. What is sobering, if I may ask?

 

[Happy_Trails]

The chart says danger and circles where we are currently at and indicates that we are in a bear market, despite the big October runup.

 

[MrJohnRoss]

http://www.traders-talk.com/mb2/index.php?showtopic=136612

Don created the Seven Sentinels trading system.

Try this link HERE. Good analysis. I tend to agree. Thanks James!

 

[MrJohnRoss]

The 5 Charts that will have you singing the Christmas Blues during the week ahead. Interesting blog...

http://www.zenpenny.com/?p=3227

:blink:

 

[MrJohnRoss]

Nice data link.
Kinda what I've been thinking, hence my exodus from stocks a week ago.

The cyclical bear prediction of another few years lines up with Bob Brinkers analysis also.
Someone should send this to a few on this forum who think the cyclical bull is already here (lol).

Thanks FireWeatherMet. I respect Bob Brinker. What's his opinion?

 

[JamesE]

This sort of action was what I was referring to a few posts back. This corrupt market is SO predictable, goes up XX%, goes down XX%. I KNEW I should have gotten out last week after a nice run up previously. I was even telling some friends here, I SHOULD GET OUT because we just had a nice run.

Next year, no more guessing or following the Sentiment Survey. Make a few percent and get out. The market will come back down, just as it did this whole year, buy back in. Worked like clockwork this year for the top tracker folks and a friend of mine here. My account balance is what it was over a year ago, that's after putting 16% each payday!

 

[MrJohnRoss]

Test of the October lows is underway – Santa is not coming...

[h=1]Technical Analyst Sees a 50% Chance Of Drop To 950...
[/h]http://www.zerohedge.com/news/bank-america-santa-not-coming-sees-50-chance-drop-950

 

[nasa1974]

Test of the October lows is underway – Santa is not coming...

Technical Analyst Sees a 50% Chance Of Drop To 950...



http://www.zerohedge.com/news/bank-america-santa-not-coming-sees-50-chance-drop-950

Now there is the Holiday spirit.

 

[Birchtree]

I never, ever, go near anything from zerohedge.

 

[MrJohnRoss]

-3.29% on the autotracker since I signed up on Oct 17.

I was hoping to make a respectable showing, but the market really chewed me up and spit me out.

Here's a toast to a better year next year.... *clink*

Happy New Year