Poolman's Account Talk

Sort by newest Sort by date
Pretty Interesting. SPX Chart at the bottom and calender of events for this coming week.

http://www.youtube.com/watch?v=3aqNgdKrLVc&NR=1
http://www.youtube.com/watch?v=5tqGFFrQGCA&NR=1
http://www.youtube.com/watch?v=WgekLmXmCB4&feature=related
http://www.youtube.com/watch?v=XcQJSFJKvy0


http://www.marketwatch.com/ECONOMY-POLITICS/CALENDARs/economic



spxx.png
 
coolhand said:
I had a hard time watching it too. It was a smear tactic, plain and simple. That's why I'm saying the media has done a great job of elevating the level of anger in this country. If this keeps up we may find ourselves back in the 60's again.

Where's the Beatles when you need them? :nuts:
Click to expand...
"Can't we all just get along" Rodney King....love that one!
 
Well we had another Down Day on Wall Street. It does not surprise me, I have expected it. We may have another down day tomorrow. GS was down pretty good again today 160.36 -3.29 (-2.01%). We are still trading within the trading range and could actually go down another 3.00 tomorrow before reaching dangerous support levels.

US Dollar Index Futures are down right now VS up this time last night. All kinds of information trading within tight ranges and why ?

"I think this is all a setup for Wednesday's FOMC Rate Decision"

We will either Rally or Go Down. This will be the next Major threat to the Market barring unplanned information.

I feel that we have at least one more decent rally coming and then I will plan on a exit strategy.

I think Coolhands Seven Sentinels are right there in accordance with my thinking. Boom or Bust.
 
I'm in the Boom or Bust mode scraping the ground at speeds in excess of 3,000 miles/second. Any hesitation and we buy the Farm. Good luck all
 
poolman said:
Well we had another Down Day on Wall Street. It does not surprise me, I have expected it. We may have another down day tomorrow. GS was down pretty good again today 160.36 -3.29 (-2.01%). We are still trading within the trading range and could actually go down another 3.00 tomorrow before reaching dangerous support levels.

US Dollar Index Futures are down right now VS up this time last night. All kinds of information trading within tight ranges and why ?

"I think this is all a setup for Wednesday's FOMC Rate Decision"

We will either Rally or Go Down. This will be the next Major threat to the Market barring unplanned information.

I feel that we have at least one more decent rally coming and then I will plan on a exit strategy.

I think Coolhands Seven Sentinels are right there in accordance with my thinking. Boom or Bust.
Click to expand...

Good analysis PM. The FOMC decision may be the next catalyst that moves the market. I can't imagine there would be any surprises with those comments at this point. In any event, I don't expect stocks to drop much more before the Wednesday announcement, if not rally a little. After that, unless this market decides to shoot significantly higher, I think an IT top may be getting close. If not this week, then maybe next. Time will tell.
 
It may not be helping that more traders are announcing a new bull market either. :rolleyes:

Question is, have da boyz milked that sentiment for all it's worth yet? I haven't forgotten that fake-out at SPX 880. Another fake-out coming? :cool:

Next week is options expiration too. Are we setting up for that event?
 
airlift said:
I'm in the Boom or Bust mode scraping the ground at speeds in excess of 3,000 miles/second. Any hesitation and we buy the Farm. Good luck all
Click to expand...

Airlift,

Just moved from an expected inflation adjusted (I think) '9% return/13% risk' allocation to an '8% return/11% risk' holding.

At least according to Quicken:cheesy:

Going to watch this thing and move in 15% increments. I wish I had made the move on Friday - I bought a little 'F Fund' right after a bond boomlette. The guy working on my terrain scanning radar seemed a bit inebriated. He was tottering about and yelling rather loud. I think I'm going to fly a bit higher today:laugh:
 
We are indeed in risky territory. Good luck!

Boghie said:
Airlift,

Just moved from an expected inflation adjusted (I think) '9% return/13% risk' allocation to an '8% return/11% risk' holding.

At least according to Quicken:cheesy:

Going to watch this thing and move in 15% increments. I wish I had made the move on Friday - I bought a little 'F Fund' right after a bond boomlette. The guy working on my terrain scanning radar seemed a bit inebriated. He was tottering about and yelling rather loud. I think I'm going to fly a bit higher today:laugh:
Click to expand...
 
Seems to me 1 week ago the bears could not catch a break to get into the markets. The market's were just going up up up. Well the Bears have caught a break over the last couple of trading days. Now the question is Is where are the buyers ? I'm not saying the markets cannot come back today but they are down pretty hard. This is definitely a pretty risky time to be all in but we have to think. We still have 2 1/2 weeks left in august. I ask myself the question. Will we be higher or lower from current levels by the end of August or even anywhere in the month of August. After looking at everything that I look at I'm thinking we will see better levels to get out and more close to the eom.
 
Last edited:
Thanks Poolman,
I agree. If you are sitting in the G now is the time for a short term play. If you all in let it ride. I also believe EOM will look better than the last few days
The FED is not going to announce anything ground breaking in the next few days.
 
Tomorrow could be an all day panic day pushing the Dow +300 or better. Now that would be special. Can you imagine the level of fear that would unleash.
 
You must log in or register to reply here.

Similar threads

UNIX84
UNIX84 Account Talk
Replies
14
Views
3K
tsptalk
tsptalk
tsptalk
  • Article Article
TSP Talk - Now what?
Replies
2
Views
238
Cactus
Cactus
tsptalk
  • Article Article
TSP Talk - The first few days may be a tell for 2025
Replies
0
Views
139
tsptalk
tsptalk
tsptalk
  • Article Article
TSP Talk - Fed cuts 50 basis points
Replies
0
Views
2K
tsptalk
tsptalk
tsptalk
  • Article Article
TSP Talk - FOMC Day
Replies
0
Views
2K
tsptalk
tsptalk
Back
Top