Poolman's Account Talk

Hey Poolman,

I can't access the videos here at work (yet, hehehe) ... anyone making a guess on a closing figure that must be reached for this rally to have some legs? I'm guessing 846 - 850 S&P.

Thanks
 
Hey Poolman,

I can't access the videos here at work (yet, hehehe) ... anyone making a guess on a closing figure that must be reached for this rally to have some legs? I'm guessing 846 - 850 S&P.

Thanks

I agree with your figures minnow, I was going to say 845.
 
I agree with your figures minnow, I was going to say 845.

dunno if it will make it back... i would like to be able to stay in for a little while (just for IFT purposes) but I won't hesitate to jump back to G and look for a better entry point next month.
 
If you do want to go back to safety, keep in mind the <1% in all the L and equity funds OR a equal spread among the funds with your 2 week contribution
 
If you do want to go back to safety, keep in mind the <1% in all the L and equity funds OR a equal spread among the funds with your 2 week contribution


Thanks Futurestrader,

I appreciate your information. I already spread Wife's contributions equally. 20% each Fund.

I still think the opportunity is there to get out higher from these levels.

9 more trading day's this month. 8200 on the DJIA is a very hard level to

crack. Look at the reversal yesterday. Very Strong which is Bullish. If we

are up Today that is Confirmation. Bottom Line.

Staying the Course. 100 - S
 
Good luck Poolman. Well done yesterday! I'm out. If I can get out positive today I'll be happy no matter what happens next week.

Take care
 
I sense a pull back to fade out weak hands...followed by follow thru rise at the end. A confirmation indeed as poolman has indicated. If I was a gambler...I would think stay in inauguration day. I miss the good old days of stability. On the other hand...I would also be out the day immediately after inauguration. :)
 
I sense a pull back to fade out weak hands...followed by follow thru rise at the end. A confirmation indeed as poolman has indicated. If I was a gambler...I would think stay in inauguration day. I miss the good old days of stability. On the other hand...I would also be out the day immediately after inauguration. :)

Well - I think that's what everyone is thinking everybody else is thinking, so they're pulling out today, especially with the holiday coming up; Pre-selling "good news" ("" meaning that Obama being president isn't really news anymore, we knew that on election day).

At some point - Poolman and others with iron stomachs will make a move - and he will probably be right about it; I just can't take it anymore.

I do solemnly swear to make money for the rest of this month in G/F fund.
 
Wall Street is Crying and washing out all the weak hands. We have

come from a DJIA of >14000 down to 8000. The Government is going to

keep printing money until everyone stops bitching and economic reports

start coming out better. They are going to save the World short term and

then we will enter the real Armageddon. Lot's of people think we are

forming an inverse V on the charts. I think we will form an inverse W and

then head down. The Bull's will step up to all this money (stimulus, and

Bailout's) shortly I believe. That reversal will be Stronger than

yesterdays which will make a 200 point down day look like nothing.

Also with 2 IFT'S a month I'm trying different methods.

I hope this helps. Let's hope I'm right. :)
 
This is the wierdest market; alot of buying bad news (november job report), and ignoring the "good" (first TARP).

Although similar responses have occurred in reaction to interest rate changes, this infinite, unregulated, unknown, and unpredictable parade of government interventions is new territory. You just don't know what to expect - there are no charts, no parameters, just a bunch of politicians (now new ones, at least one of which doesn't pay his taxes), some rag paper, and green ink. You can't say when, how much, what it's for, whether it will be spent for that, or if it will work. Just doesn't add up to an informed investment background. At some point, it adds more confusion than its worth to digest, and the fallback are traditional technicals, earnings, outlooks, macroeconomics, and the like - none of which are particularly good in the near term, or even intermediate.

I think there will be problems with the passage of the stimulus package to begin with, and making it work will be another matter; good luck next week, or thereafter.

I see the market cratering further. Gotta log off of this thing and find some sand to stick my head in.
 
They are going to save the World short term and

then we will enter the real Armageddon.

I see the Obama Administration making enough changes to the underlying fundamentals - that our Capitalist Global Society will actually improve over the short term and it will 'feel we finally got things right'.

Down the line - maybe 20 years or so - something remarkably similar to our current Recession will cause the real Armageddon.

First underlying changes that tweak the system - giving us all a Real Sense of Hope - that ultimately fails.


All we can do is live one day at a time - and do the best we can :)
 
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