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Poolman's Account Talk
- Thread starter poolman
- Start date
Lobo
Member
I'm staying put. I said yesterday that today could be a down day. This will
be Day 6 to the downside. The further we go down, Volatility will increase
and get scary. I like to take a walk and get away from it once in awhile.
We are down 1000 points on the DJIA in the last week.
My suggestion to people that don't have the stomach for this. If you
think we are going to break the lowes then get out. I don't believe we
will and also think Rally time is coming.
To put it another way if you have used all you IFT'S then ask yourself
this question. By January 30 do you think we will have the opportunity to
get out higher than DJIA 8000 or for me Russell 2000 ?
All your going to hear starting Monday morning is Obama Obama Obama
Do as you wish, These are my feelings...
If I were in, like you, with only one IFT left, no way I would get out now. It will go back up! I've just got one chance left for the month to get back in.....that's a whole different thinking process than you are having to go thru. I feel like I could catch a leg up, even the day after it starts, and get at least a little + for the month, especially since it's dropped as much as it has?? Ocsar was saying down, but to about 830. Looks like we are there right now. No gaurantees it won't go below that, but not a bad entry point...just wish I had more than one IFT left. Oh well, youre thinking and input is greatly appreciated Poolman!!!
Lobo
poolman
Top Return 2008
If I were in, like you, with only one IFT left, no way I would get out now. It will go back up! I've just got one chance left for the month to get back in.....that's a whole different thinking process than you are having to go thru. I feel like I could catch a leg up, even the day after it starts, and get at least a little + for the month, especially since it's dropped as much as it has?? Ocsar was saying down, but to about 830. Looks like we are there right now. No gaurantees it won't go below that, but not a bad entry point...just wish I had more than one IFT left. Oh well, youre thinking and input is greatly appreciated Poolman!!!
Lobo
Sentiment has absolutely been Horrible all week. It makes me wonder
Why ? The Biggest Gain will be the first day and it will be Huge.
Steadygain
TSP Elite
Lobo
Member
I imagine that is true! I see the volume picking up as the day goes on, and turning a little positive near our cutoff for the IFT. Hmm! My problem is that everytime I get a little "greedy" thinking I'll miss the "big one", I usually "eat" the big one! Ha! I would be happy with just a "little" of the upside, that way, I usually get a small piece of the pie, and not lose the the big part of my "pot". This is really a tough decision day!! Not sure yet what I'll do. I've got to be a little conservative....I'm retired, and no longer contributing....and do not have the luxury of time on my side. I was fortunate to have sat in the G since last Jan, except long enough out to lose about .5% once.
Lobo
poolman
Top Return 2008
I got the Heater On... Water is 88 degrees and feeling good.
Thanks Steadygain, I am not going to disappear because I'm down.
I'm in the Game to Win.
turbo23dog
Member
Not like yesterday at 11:55am... I had to get the admins to help me out since I couldn't get my IFT entered till 12:10 or so. Tom fixed it for me right away....
poolman
Top Return 2008
poolman
Top Return 2008
How long Before this Bear runs out of steam. There is a point where the
Bull's will say enough is enough and the Short's will be Crushed.
As of yesterday's close I needed .28 cent's in the S - Fund to break even.
Bear's are poised to make a run at breaking 815 and next stop 800.
I don't know what is going to happen today. Whatever it is I want it to
Tank Or Rally Hard.
Bull's will say enough is enough and the Short's will be Crushed.
As of yesterday's close I needed .28 cent's in the S - Fund to break even.
Bear's are poised to make a run at breaking 815 and next stop 800.
I don't know what is going to happen today. Whatever it is I want it to
Tank Or Rally Hard.
poolman
Top Return 2008
I decided to wait at least one more day. Who knows what is to come. I just can't quite get the "possibility" of the 740 retest out of my mind. It will come back.....eventually.
Lobo
You would have had to been a Day Trader to catch that move.
Lobo
Member
You would have had to been a Day Trader to catch that move.
I thought we were day traders?? Ha!
Actually, I was meaning that the S&P would come back....up!! It would be nice if that bottom was already in....and through!
poolman
Top Return 2008
FUTURESTRADER
Active member
maybe got a full house on that river card if it holds, p-man
XL-entLady
Well-known member
So frustrating to have to be a swing trader in a daytrading market! 
Lady
Lady
