Prometheus' Account Talk

Well, we finally got the Big Ben cross today, validating a completing Wave 4 of 5 down US$ scenario.
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Still waiting for UUP hourlies to confirm the trend change, but, it looks to be only a matter of days before major damage is done to the greenback. Still, the short-term picture leans towards SPX 1177 getting retested tomorrow, given that PBR hasn't quite given the Buy cross yet, & needs to weaken to RSI < 33 before a bottom is really in.
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While most of tomorrow will hurt, I trust Bernake's cronies to dull the pain with a nice ramp in the final hours of trading. Seeing big up days Mon 11/22 & Tue 11/23 to test SPX 1220, where I plan to go 100%G to finish off the month. Wed 11/24 will likely be flat to slightly down, with no one paying much attention into the Thanksgiving weekend. Wouldn't be surprised to see further backtesting into the beginning of Dec, as Birch is predicting as well, after which we see the true power of POMO catapult us through SPX 1250, towards a 1300 End of Year finale. In light of this, will likely be taking 20C,60S,20I by Fri 12/3.
 
Top TSP has some very nice new features, like G & S 3-Day MAs, +charts, + a new analytic, 3 MA Delta. Notice how well basic price & 3 MA crosses, used in a contrarian manner, work out for G. The S crosses aren't bad, but only about 2/3rds accurate. Will do more research soon into what MAs work best for the 'top' 3 fund choices. My question to ya'll, what should be the 3rd fund; F, C, or I? Enjoy!
 
Top TSP 11/30: top performers still positioned bullishly, while derivative indicators are showing premature dip buying. Analysis of PBR & US$ dailys, as well as SLV & FAS hourlies, make me agree with the latter. Highest prob SPX support level for the pain to come is 1160, but, 1135-40, & 1170 are wildcard possibilities. Really don't like the April 28 PBR & May 4 US$ RSI precedents for the situation we're in. If a crash does happen, hopefully the bounce is so quick we can still hit the exits w/ only mild losses.

Entry into C&S is still likely for this week, however, all the longer term signals are pointing to more than one additional day of pain to bring us down to that SPX 1160 level. We shall see.
 
Entry into C&S is still likely for this week, however, all the longer term signals are pointing to more than one additional day of pain to bring us down to that SPX 1160 level. We shall see.

Doesn't look like that will be happening today. I say get in and stay in, (this time of year anyway). GL
 
Top TSP still flashing sell. I really like the current derivs as a quick visual & numerical profiler. Have picked good 'ol 'I' as the third post. SPX 1184, here we come!
 
I know BT is good for the pain, but I'll take 8% from 1184-1280, rather than 6.5% off 1200 ;) From your experience, BT, what's a good rule-of-thumb ratio for C fund vs S fund performance?
 
Statistically speaking the small caps have been in outperformance for the last ten years, prior to that the large caps outperformed for five years. The time might be getting ready to make the switch again. There are graphs that compare the two sectors - Maggie might be able to help.
 
Statistically speaking the small caps have been in outperformance for the last ten years, prior to that the large caps outperformed for five years. The time might be getting ready to make the switch again. There are graphs that compare the two sectors - Maggie might be able to help.

Thanks, I agree that a transition is likely taking place. Those with 33C 66S appear to be doing quite well on up days, while gaining a bit of a buffer against downside action.
 
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