Poolman's Account Talk

Poolman

Thx for posting this video from Oscar, haver seen this guy before, how does he do at determining which way the mkt goes?

Do you also do your own TA to figure out when to jump into and out of the mkt?
 
Looked at the video in your post #904, Trade playbook - post Thanksgiving 2008. Very well thought out - better than I could ever do, but I agree with him - I would expect mkt to tank very soon, then put in a bottom (at least for a while - till Christmas or so?).

Just wondering if this guy patriotundergod has given historically good analysis in the past. thx
 
Poolman

Thx for posting this video from Oscar, haver seen this guy before, how does he do at determining which way the mkt goes?

Do you also do your own TA to figure out when to jump into and out of the mkt?

Hi mdszj, Oscar IMO is pretty good at technical analysis although sometimes he is pretty hard to watch because of his enthusiasm.

I do look at charts everyday and take them into consideration with a bunch of other things. Economic Reports, News that we have already heard or anticipate hearing, Earnings for High Profile Companies, Fundamentals, Videos, Sentiment of the markets, Auto Tracker, Message Board, Futures, e-mails, etc...

I make lot's of notes, and Lists.

I always have an alternative game plan for getting myself out of trouble if I need to. :)
 
I was wondering when you were going to post that. :)

We're around the 18dma now. Next week is the big test for this market. While volume has been light it may also be a false signal that could be used to trap the bears.

Just trying to think like a crook here. :D

Oh Yea, I know about the Crooks... They are always trying to Head Fake Us.

They have been doing a pretty good job of it recently with me, but I'm getting a piece of the Pie.

:D
 
Hi mdszj, Oscar IMO is pretty good at technical analysis although sometimes he is pretty hard to watch because of his enthusiasm.

I do look at charts everyday and take them into consideration with a bunch of other things. Economic Reports, News that we have already heard or anticipate hearing, Earnings for High Profile Companies, Fundamentals, Videos, Sentiment of the markets, Auto Tracker, Message Board, Futures, e-mails, etc...

I make lot's of notes, and Lists.

I always have an alternative game plan for getting myself out of trouble if I need to. :)

I really liked the gutz you showed after the market tanked after your first IFT, and instead of bailing, you doubled down - before averaging out for a profit; I hafta say - I'm really puzzled by the rally - in light of weak economic data (some expected, some weaker than expected)....could be that the market has blinders on; looking at some indications of credit (like the 30yr mortgage rates), but not others or the big picture. Will be interesting to see next week's employment report, what is in store for the big 3, and any early retail numbers.
 
I really liked the gutz you showed after the market tanked after your first IFT, and instead of bailing, you doubled down - before averaging out for a profit; I hafta say - I'm really puzzled by the rally - in light of weak economic data (some expected, some weaker than expected)....could be that the market has blinders on; looking at some indications of credit (like the 30yr mortgage rates), but not others or the big picture. Will be interesting to see next week's employment report, what is in store for the big 3, and any early retail numbers.

Thanks amoeba,

I dca'y my way out of a Jam. That is why I always like to have Dry powder. I now see that was not needed this week but (Hind Site is For sight) you never know.

Monday next week whatever happens will probably be on low volume so neither here nor there but

Tuesday should tell the story.

Also keep in mind about all these Bailout's. Eventually it will catch up with us.
 
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