Rod's Account Talk

[Gumby]

With the DOW now at a 5 year low, I am getting EXTREMELY excited about the gains potential once this sucker takes off again!

I'm just afraid it's going to be later rather than sooner.

So, I simply need to remain patient as I have been doing since late January.

Your patience will pay HUGE dividends!

 

[Tempest]

Waiting for capitulation.
Anyone's guess.
And when it happens we may not even know it-right away.

And may not be a one day event.

 

[poolman]

With the DOW now at a 5 year low, I am getting EXTREMELY excited about the gains potential once this sucker takes off again!

I'm just afraid it's going to be later rather than sooner.

So, I simply need to remain patient as I have been doing since late January.

"Patience is a Virtue" and you have been Patient. I personally don't care if we go up 1,000 down point's at this point and be in the G-Fund.

I need to see a trading range.

As of now we continue a sharp downward trend.

 

[Rod]

"Patience is a Virtue" and you have been Patient. I personally don't care if we go up 1,000 down point's at this point and be in the G-Fund.

I need to see a trading range.

As of now we continue a sharp downward trend.

I'm with you. I'm looking for that range too. I'm not only looking for the bottom to set in, but to settle in. And I'll sacrifice that initial 10% gain to find it. Because once we do settle, there will be another 20%+ to gain.

 

[poolman]

I'm with you. I'm looking for that range too. I'm not only looking for the bottom to set in, but to settle in. And I'll sacrifice that initial 10% gain to find it. Because once we do settle, there will be another 20%+ to gain.

I don't see the bottom settling in as of yet. There are still to many problem's. And they just seem to keep coming.

I'm sure there is going to be an up day that will be a Giant Rally. Possible 1,000 points on the DJIA. So what! The trend is your friend. Follow it the best you can. Trading restrictions are making it very hard.

I along with other's Deserve to see a trading range without getting upset that we didn't benefit from a One Day Super Rally. We are still in a Downtrend with Confirmation.

What is going on around us is very serious. I feel that I could Dive in tomorrow and and possibly be at a bottom with these prices but that has been the case for the last 5 trading day's.

 

[Rod]

Yeah, I'm sure around 1500 today when the DOW was up over 100 points folks thought we were closing green.

Lately, one cannot predict the close until the close.

That said, at this point in time having more flexibility with our trading limits wouldn't make much of a difference to me since there has been so much fluctuation within the market.

Even if I had unlimited trades, I would not have been exercising those lately.

Imagine trying to predict the close now based on the 1200 deadline?:blink:

Too much zig-zagging happening!!!

I have not a thing to prove. So, I shall remain in (G)!!!

 

[poolman]

The Volatility (VIX) has been excruciating at times.

I will be 100% positive (In my head) when I make my next move.

:nuts:

 

[Rod]

You know what ticks me off???

With today's rate cut, now we're getting even less $ in interest on our money market savings account, where we keep our emergency savings.

Side note- I have been gaming my credit union though. I recently applied for a rewards card and place ALL of our monthly bills on it (besides mortgage/car), to include every purchase we make. We ensure that sucker is paid in full each and every month. Our reward has been averaging about $75.00 a month. I figured what the heck... since the credit union isn't giving jack in my savings, I'm going to make them give me jill in my spendings. Heck, that will be nearly $1,000.00 annually in rewards.

If you are disciplined with your credit cards, as we are, you might as well take advantage of a rewards card and place every fricken purchase/bill you can on it!!!

 

[presskh]

You know what ticks me off???

With today's rate cut, now we're getting even less $ in interest on our money market savings account, where we keep our emergency savings.

Side note- I have been gaming my credit union though. I recently applied for a rewards card and place ALL of our monthly bills on it (besides mortgage/car), to include every purchase we make. We ensure that sucker is paid in full each and every month. Our reward has been averaging about $75.00 a month. I figured what the heck... since the credit union isn't giving jack in my savings, I'm going to make them give me jill in my spendings. Heck, that will be nearly $1,000.00 annually in rewards.

If you are disciplined with your credit cards, as we are, you might as well take advantage of a rewards card and place every fricken purchase/bill you can on it!!!

Agree - My wife and I have VISA's through my local credit union and got back about $1000 last year on purchase rebates. That's like getting a $1600 end-of-year pre-tax bonus! I have also never ever paid a penny of interest on any credit card.

 

[Rod]

I have also never ever paid a penny of interest on any credit card.

I had credit card debt about 10 years ago, then I wised up. I've been paying it off in full every month since.

A credit card should never be for "emergencies" because that's exactly what your emergency savings account is for.

Emergencies are a fact of life. And if this is anyone's thinking, then they will automatically be in credit card debt once that emergency hits. The most common emergency being home/car repairs.

 

[Birchtree]

I would think that crapping out $600K would constitute an emergency of some small kind. I decided to access some credit to have spending power to pick up some darling stocks while we are down here at the bottom of the well - we'll see how quick we rally off this very constructive bottom. It's the old story - the bigger one gets the more that is on the line.

 

[Rod]

It seems from what I am seeing, that the volume of trading on the DOW was higher today than it has been throughout this fiasko.

On 29 Sep when the DOW lost 777.68, the volume was 332,706,700.00.

Today, 9 Oct, when the DOW lost 675.97 the volume was 436,743,776.00.

I don't know if this is signaling capituation, but it is something worth keeping an eye on when looking for that inevitable bottom.

God Bless

 

[poolman]

I don't see the bottom settling in as of yet. There are still to many problem's. And they just seem to keep coming.

I'm sure there is going to be an up day that will be a Giant Rally. Possible 1,000 points on the DJIA. So what! The trend is your friend. Follow it the best you can. Trading restrictions are making it very hard.

I along with other's Deserve to see a trading range without getting upset that we didn't benefit from a One Day Super Rally. We are still in a Downtrend with Confirmation.

What is going on around us is very serious. I feel that I could Dive in tomorrow and and possibly be at a bottom with these prices but that has been the case for the last 5 trading day's.

I still feel the same way, Look out Below.

Take it with a grain of salt but Futures are down hard right now.

Confidence is at ZERO. Peoples Retirement plans will change Big Time.

The Bubble has Burst.

 

[Rod]

I still feel the same way, Look out Below.

Take it with a grain of salt but Futures are down hard right now.

Confidence is at ZERO. Peoples Retirement plans will change Big Time.

The Bubble has Burst.

YEP!

One thing to keep in mind though, futures haven't meant crap lately.

 

[Rod]

Well well well... I've never seen the Nikk225 drop over a GRAND before.

It's now down 1,042.00.

Typical reaction to our markets.

 

[poolman]

YEP!

One thing to keep in mind though, futures haven't meant crap lately.

True, That's why I said take it with a grain of salt..

 

[Rod]

True, That's why I said take it with a grain of salt..

How true, you sure did!

 

[Fivetears]

Matthew 25:29-30 (NIV)

Well well well... I've never seen the Nikk225 drop over a GRAND before.

It's now down 1,042.00.

Typical reaction to our markets.

 

[Rod]

Matthew 25:29-30 (NIV)

 

[Fivetears]

Knew you'd see the humor in that quote.