Poolman's Account Talk

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I don't like how much we have moved to the down side today. I could be wrong but I am going to hold off from making a move today. I have seen many times where the market is trying to shake people out and then the train leaves without them. We could see a 50% retracement of what we lose today tomorrow. If it plays out this way I would get out tomorrow.

Also if it moves down more tomorrow that pressure would surely get me out.
 
If I were invested I'd have to agree, that the majority of the times we get a bounce. But oh boy when we don't get that bounce it can get ugly...:cool:
 
JTH said:
If I were invested I'd have to agree, that the majority of the times we get a bounce. But oh boy when we don't get that bounce it can get ugly...:cool:
Click to expand...

Part of my concern is if the bounce comes intraday today. Then I'd be selling into whatever strength is left should this market decide to move lower.

But I really don't like the amount of weakness we're seeing in any event. It's making me think the SS sell signal may have indeed been a valid signal.

And I know what that could mean. :worried:
 
poolman said:
I arrived yesterday afternoon to my vacation Condo in emerald Isle NC. :)
Click to expand...

WOW !! does that ever bring back a lot of memories.

When we rented a house in Emeral Isle .... many years back..


my nephew and I went out to body surf and noted the waves kept getting bigger in the evening as it got darker...

THE BIGGER THE BETTER - so we stayed out for the longest time getting wave after wave...

when we got back to the house - everyone is like super upset (my oldest brother's wife) and that one never did anything to me throughout the years (but she's the mother of my nephew)..:rolleyes:

Anyway ... my wife and parents... are all asking us over and over why we would stay out so long ????

BUT THE WAVES WERE GREAT - THE BEST EVER - AND SOMETIMES YOU HAVE TO SEIZE THE MOMENT AND LIVE FOR THE DAY
 
coolhand said:
Part of my concern is if the bounce comes intraday today. Then I'd be selling into whatever strength is left should this market decide to move lower.

But I really don't like the amount of weakness we're seeing in any event. It's making me think the SS sell signal may have indeed been a valid signal.

And I know what that could mean. :worried:
Click to expand...

Well - the SS convinced me to bail a week ago. And, if the number of subsequent bailers in today's tracker IFT's is any indication, the next few days will be interesting. Whether another consecutive move down will shake out some longer term buy/holders remains to be seen. But it does seem that this move has awakened some of those who were in on the March-July move to go the sidelines. Personally, I am looking at a bit lower to re-invest (somewhere below 960, and then maybe a deadcat before going lower).
 
Well, I won't be back until later today. I'm going with the family to Shackleford Banks. A Boat takes us to a island where there is sup-post to be the best shelling on the east coast.

I decided to continue scaling back my Bullish position.

30% - S - Fund
70% - G - Fund

See everyone later and Good Luck to all. :)
 
You know I'm a STRONG DOLLAR GUY!!!!!! I see the market falling on a strong dollar and gaining on a weak dollar????? This is contrary to my way of thinking as to what is good for our economy. Probably due to Obama and the FED borrowing/spending money that we don't have? Hey smart guys, how is this GOOD for our economy?
:nuts:
 
Hey Poolman,
Woke up this morning on wrong side of bed (I posted thes same vid in the Daily Market Videos). Oops, oh well.
- Any idea/speculation on what he might have been alluding to, in saying "the cycle activity over the next 2 weeks"?
VR

poolman said:
Market's are on a Tear.. 4 of the last 5 day's have been up. The Money is Pouring into the Markets. I cannot wait to see how September goes...
http://www.youtube.com/watch?v=_3kx0l39Hls&feature=sub
Click to expand...
 
Last edited:
nnuut said:
You know I'm a STRONG DOLLAR GUY!!!!!! I see the market falling on a strong dollar and gaining on a weak dollar????? This is contrary to my way of thinking as to what is good for our economy. Probably due to Obama and the FED borrowing/spending money that we don't have? Hey smart guys, how is this GOOD for our economy?
:nuts:
Click to expand...
It's white knuckle dollar time, this has been a long time coming. A lot of the strong dollar over the last 10+ years at least has been an illusion. "Strong dollar" was due to ahem certain countries hoarding dollars to make their currency cheap, and a little more recently because there was nothing else that looked like a decent investment. That won't do it anymore. With the stock market going up, less investors are hiding in dollars. It's good long run because there are too many dollars being hoarded out there, and it's the true state of affairs without manipulation. HOWEVER it's also a warning that imports are going to get expensive, and we are no longer the big market for all comers. It also means we need to export more, and our goods will be cheaper here. I'm not strong dollar because it's not realistic, but if we don't take advantage of our cheaper currency it will hurt hurt hurt.
 
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