Poolman's Account Talk

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Birchtree said:
I actually like the tension this market creates - helps to keep the majority from participating. You just have to be able to absorb the hedge fund trauma. Lily padders may get a serious case of rubber neck strain tomorrow.
Click to expand...

I wonder if they will get Rubber neck strain to the tune of 268 points. :laugh:
 
poolman said:
Could we possibly ?

http://stockcharts.com/def/servlet/Favorites.CServlet?obj=ID3186525&cmd=show[s186134880]&disp=P
Click to expand...


Pool man, that's a hard-core doomsday chart if ever I saw one. It's a bit too large of a picture to digest in one sitting. I could try to post it here, but I'd have to chop if up a few times. I'll be at work next week and look at it on my super-duper-large LCD, so I can soak it all in.

I do believe we can see 666 again, but in the meantime I'm not going to let that Bearish view keep me from making money (I hope :rolleyes:)
 
Scary looking analysis on that chart there Pool!!!


If that is even a LITTLE bit right, we are all going to need
a "wee bit" of the Irish to be in AND out at the proper times.


Careful everybody :eek:
 
PM
Did you happen to check out the Auto tracker??.......sweet move by the leader. Jumped in the 29th and moved back out yesterday... Hands down to him... You don't see that that often,,,,, I believe this maybe the way this markets reacts for awhile.... I don't think you should get greedy on 2 big move days like we had the first of this week...... Good job ztlmike (If your reading this)
Get in Get out!!

Oh yeah, and the chart you put up PM,,,,,woo...ugly!!! Hope I get on the right side of that!!!:rolleyes:

Blindman out!
 
Whoops, once again I posted before looking over the message board. ztlmike has his own thread and I am a little late. I guess I am not the only one either that pays attention to the leaders!!! SORRY PM to clog up your post!!

Blindman :nuts:
 
Blindman said:
Whoops, once again I posted before looking over the message board. ztlmike has his own thread and I am a little late. I guess I am not the only one either that pays attention to the leaders!!! SORRY PM to clog up your post!!

Blindman :nuts:
Click to expand...

Your not clogging up my thread buy any means. :)

I call the move that ztlmike made the "Slingshot" move. It's a very dangerous move unless you time it perfectly. I have done this type of move many times.

ztlmike played it perfectly. :)
 
PM,
I have been super busy this week and not alot of time to watch the markets or post, but my father in law told me over the weekend that the mini DOW (as he callls it being a commodities trader) dipped below 10,000 last friday. He said this is usually a bad sign for the market. I hear today the the DOW dropped below 10,000...... Looks like we may see the 9's on the horizon, especially after that chart you posted. :sick:
And as everyone else is posting, Febuary isn't the best month for stocks I hear! I just don't see that jobs report looking good tomorrow (That is tomorrow I believe??), but thats just a dumb okie talking.:laugh:

Blindman
 
Blindman said:
PM,
I have been super busy this week and not alot of time to watch the markets or post, but my father in law told me over the weekend that the mini DOW (as he callls it being a commodities trader) dipped below 10,000 last friday. He said this is usually a bad sign for the market. I hear today the the DOW dropped below 10,000...... Looks like we may see the 9's on the horizon, especially after that chart you posted. :sick:
And as everyone else is posting, February isn't the best month for stocks I hear! I just don't see that jobs report looking good tomorrow (That is tomorrow I believe??), but thats just a dumb okie talking.:laugh:

Blindman
Click to expand...

My initial thought is the Job's report will not be good tomorrow. If that's the case was any of today factored into a bad jobs report ? If it was we could actually have an up to flat day tomorrow. If it wasn't well you know we will go lower and retreat deeper into the 9's.

I only have a very short term view of the markets at any given time when deciding what to do. One thing that we must try to do is not catch a falling knife unless you are very careful and have a plan. With what we have to work with even makes it that much harder to do.

January was a bad month which most time pre tells the rest of the year. I try to be very careful in what I say because I don't want someone f'ing up on my account. If I don't have a good feeling on something I won't do it. "Gut Indicator".

Hang in there, Your looking good on the tractor. Don't get greedy. :)
 
Took it in the shorts yesterday...thanks for making me f up;-)

Really just kidding! That move took me to just above flat for the year so I am still better than lots. For now, I am out to G and F and waiting for the dust to settle. I think we'll see a mid month move to the plus side, maybe even above the 1100 mark, and then see a fall off. For now I am planning on being back in after we solidly hit somewhere under 1030.

Thanks again for all your excellent information!!! Please keep posting it, any timing issues just fall on the readers judgement alone.
 
Mcqlives said:
Took it in the shorts yesterday...thanks for making me f up;-)

Really just kidding! That move took me to just above flat for the year so I am still better than lots. For now, I am out to G and F and waiting for the dust to settle. I think we'll see a mid month move to the plus side, maybe even above the 1100 mark, and then see a fall off. For now I am planning on being back in after we solidly hit somewhere under 1030.

Thanks again for all your excellent information!!! Please keep posting it, any timing issues just fall on the readers judgement alone.
Click to expand...

Your welcome. :)

Are you going to join the Autotracker ?
 
poolman said:
The Market's are playing out as I expected. After the last fall of last Friday the Dumb money went to work. This worked for two trading day's. Some TA suggested we retest 1115 - 1130 S&P. I never thought this was going to happen and I still don't.

I think we will drop below 10,000 by tomorrow's close. The stilts are breaking that are holding the markets up and the truth looks awful. I don't know if the printing presses can print as fast as our deficit is rising. I'm looking for 9850 very soon. This is my theory and how I see it. It's a strong Hypothesis and I could be wrong. Do what you want to do. :)
Click to expand...


I said 9850 yesterday. Good Gut Indicator. :)
 
poolman said:
Your welcome. :)

Are you going to join the Autotracker ?
Click to expand...

I would...but then I would be on here more than I am now. I know my temptations and do my best to avoid them...If I had something like the tracker watching me I would be driven to try to get to the top. As long as it is just personal goals I can avoid the temptation of being on here all the time. After 50 to 60 hour work weeks I spend as much time with my wife and girls as I can.:D
 
Mcqlives said:
I would...but then I would be on here more than I am now. I know my temptations and do my best to avoid them...If I had something like the tracker watching me I would be driven to try to get to the top. As long as it is just personal goals I can avoid the temptation of being on here all the time. After 50 to 60 hour work weeks I spend as much time with my wife and girls as I can.:D
Click to expand...

I hear you on that.

and it makes perfectly good sense. I'm not addited.

Am I ....
 
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