Poolman's Account Talk

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poolman said:
Yea, I know the dollar was down pretty nicely. Now it's flat to positive barely.
Click to expand...


And, as we speak, asian markets are being thumped accordingly; on a related note - keep an eye on where TM goes after today's carnage. They used to be decent, simple, efficient cars. Now they seem just like the American crap we all avoided. Crappy real world mpg (and phony claims), large, bad visibility, complex autotransmissions that hunt and lurch, and catastrophic defects.

Not a promising combination.
 
amoeba said:
And, as we speak, asian markets are being thumped accordingly; on a related note - keep an eye on where TM goes after today's carnage. They used to be decent, simple, efficient cars. Now they seem just like the American crap we all avoided. Crappy real world mpg (and phony claims), large, bad visibility, complex autotransmissions that hunt and lurch, and catastrophic defects.

Not a promising combination.
Click to expand...
If I read that right..Meaning what our auto-makers USE to make..And I too was a firm believer in Japanese and European cars for a very long time through the 70's, 80's and 90's...But today's US cars are heads and shoulders above most in overall quality and reliability for 3/4 the price..Only one thing to say about it now though..BOUT DAMN TIME they stepped up and proved America can still be the leader in Industrial Manufacturing and still get your money's worth!!...So, Be prouder and surer than ever now and BUY our SAFE AMERICAN made (at least most of it is:rolleyes:) Cars.
 
It looks like we are going to get a rough opening this morning. I have not seen futures this red all year pre - opening.

The Job's picture still looks horrible. Maybe we will head here.

bio02h.png
 
I may be on the wrong side of the trade market wise being 100 percent G Fund. I don't know. Obviously I was today but I am trying to take everything into Context and Evaluate a very good time to enter the Market's. I would really like to Ride the Upside for a couple of day's. The news that I am hearing makes this a crap shute to say the least. I am still uncomfortable committing any money to equities with the 2 ift limit. We are IMO too close to the s&p 1150 area to make a play now risk/reward wise. I just don't see us blowing through the 1150 area.

The Market's are not as obvious in what direction they are headed to me as they where in the Massive correction that we had in 07/08. It is hard for me to believe that we could or can go Higher by the people not really paying the price for such Malice Market Idiocy running the s&p close to the 1500's and Housing prices through the roof. The Goverment has printed so much Money and pumped it into the Economy that too me it is Staggering.

It does appear that by breaking in my TA the s&p 1115 resistance on the close that we may be headed Higher and test the 1150 area. My concern hear is We can do this in the next day or two and get whipsawed out by our ift restrictions and Yes we did get to the 1150 area and as an Example close at 1130. I don't see enough Reward VS Risk right and with the volatility and with the ift restriction to make the equity play.

If you where in the market's today the action was great for you and I would have probably stayed in and not gotten out yet at the noon hour.

I'm still in G, 100 percent and am being very cautious. The News sucks, The Job's number's suck and sentiment sucks. What can I say ? I know this is the way the Market's can work though and if it where easy I wouldn't be doing this. :blink:

http://www.youtube.com/watch?v=anKp2e0UTP4&feature=sub

http://www.youtube.com/watch?v=B2liWvzoN2U&feature=sub

http://www.youtube.com/watch?v=9YIxZp3wUGc&feature=sub
 
poolman said:
I'm still in G, 100 percent and am being very cautious. The News sucks, The Job's number's suck and sentiment sucks. What can I say ? I know this is the way the Market's can work though and if it where easy I wouldn't be doing this. :blink:http://www.youtube.com/watch?v=9YIxZp3wUGc&feature=sub
Click to expand...

Like you said, it seems SPX 1115 is the agreed upon line in the sand. I'm now invested, but that doesn't mean I'm bullish. I don't believe we can get any real bullish action until we break above SPX 1150, and the overseas markets sort themselves out. I certianly don't fault you for being 100% G, we've seen how quickly markets can lose 10% in less than a week. The risk/reward at this level is not the bet I wanted to take, but hey I'm following a long-term system and it told me to get in so I did. In the tracker, you're in the top 100, that's a pretty place to sit from my view...
 
It looks like Tom Bulkowski will be a day late on his targets of 10,500 by 3/1, 4250 by 3/15 and 1125 by 3/1. I do believe we have a new high for the cumulative NYAD.
 
poolman said:
I may be on the wrong side of the trade market wise being 100 percent G Fund. I don't know. Obviously I was today but I am trying to take everything into Context and Evaluate a very good time to enter the Market's. I would really like to Ride the Upside for a couple of day's. The news that I am hearing makes this a crap shute to say the least. I am still uncomfortable committing any money to equities with the 2 ift limit. We are IMO too close to the s&p 1150 area to make a play now risk/reward wise. I just don't see us blowing through the 1150 area.

The Market's are not as obvious in what direction they are headed to me as they where in the Massive correction that we had in 07/08. It is hard for me to believe that we could or can go Higher by the people not really paying the price for such Malice Market Idiocy running the s&p close to the 1500's and Housing prices through the roof. The Goverment has printed so much Money and pumped it into the Economy that too me it is Staggering.

It does appear that by breaking in my TA the s&p 1115 resistance on the close that we may be headed Higher and test the 1150 area. My concern hear is We can do this in the next day or two and get whipsawed out by our ift restrictions and Yes we did get to the 1150 area and as an Example close at 1130. I don't see enough Reward VS Risk right and with the volatility and with the ift restriction to make the equity play.

If you where in the market's today the action was great for you and I would have probably stayed in and not gotten out yet at the noon hour.

I'm still in G, 100 percent and am being very cautious. The News sucks, The Job's number's suck and sentiment sucks. What can I say ? I know this is the way the Market's can work though and if it where easy I wouldn't be doing this. :blink:

http://www.youtube.com/watch?v=anKp2e0UTP4&feature=sub

http://www.youtube.com/watch?v=B2liWvzoN2U&feature=sub

http://www.youtube.com/watch?v=9YIxZp3wUGc&feature=sub
Click to expand...


We will See Birchtree and

Thanks JTH and Good Luck to Everyone ! :)
 
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