Show-me Account Talk

[Gumby]

I could not resist the sub-ten dollar shares.

I agree, that sucked me in yesterday. I will bail if we hit about 920 on the S&P. A small pop this month will satisfy me.
The problem is, I don't know if we will hit 820 first.:blink:

 

[Show-me]

Thanks, good luck to us all. I have increased my spread between my return and the C fund, which was my benchmark. Now it is time to step back in and catch a wave. If not I am still ahead of the C fund and accumulating shares a cheaper prices. While the tracker will not reflect that, it will make a big difference.

Charts look like crap and all my chart analysis is out the window right now until we stabilize. Too much manipulation going on with the Fed and Treasury. At best I see a double bottom that is not confirmed until we rally. http://stockcharts.com/help/doku.ph..._analysis:chart_patterns:double_bottom_revers

I'm hoping for a sell off again today as we have a classic set up to spank the OSM again. The FTSE and Eurozone are in the green rather nicely and a sell off after they rally has happened a lot lately.

 

[Show-me]

Sell baby sell!!!

 

[Gumby]

The problem is, I don't know if we will hit 820 first.:blink:

I was only kidding.....we just hit 826.84 a little while ago:worried:
Elevator up???????

 

[Show-me]

Loved the Ron Paul's comments and questions to the PPT today. I bet he does not get invited to many parties.

 

[Show-me]

Things to think about.

Energy will not stay down forever.

Financials will not stay down forever.

Heard a comment from a trader on CNBC that made some good comments. Small caps will be on fire when we pull out of this mess. Remember that and the S fund. Emerging markets are where CAT is looking for growth. Buying at these levels are good for investors but not so good for a trader, necessarily.

I got my sub-ten dollar C fund shares. I'm happy but not ecstatic, I was ecstatic at the low. I hear the S&P rally was due to a re-balancing of the basket of stock due to BUD getting the boot from the 500 and a waste management co. taking its place.

 

[Show-me]

Ira talking about the BUD to Mark Leibovit from VRTrader. Talking about the Stock Trader Almanac. Get yours on order, I highly recommend it.

 

[Show-me]

By coincidence they are talking about my double bottom. I love Oscar to death but I just did not see his inverse H&S pattern. The double bottom is looking better today.

 

[XL-entLady]

By coincidence they are talking about my double bottom. I love Oscar to death but I just did not see his inverse H&S pattern. The double bottom is looking better today.

Hi Show-me, so what has happened to Oscar? I like to watch him too, but I can't find anything from him after his weekend webinar on 11/15. Am I missing something?

Lady

 

[Show-me]

Here it is.

 

[Show-me]

My bad, he does not do a video every day.

 

[XL-entLady]

Here it is.

You're so good! Thanks! (I promise I'll look harder next time before I bug you! :embarrest

Oh never-mind. I feel better now though. Because if YOU can't find an update then there isn't one!

Lady

Edited for addition

 

[Show-me]

Some times he takes a break from the daily vids, right about the time the market does the complete opposite of his analysis. I know how he feels when that happens.:laugh:

 

[poolman]

Thanks for all the updates Show-me.

I like Ira. I relate to what he Say's the best. I like Oscar but he's a little over the top.

Tomorrow will be interesting. Gotta work though. Short day I'm sure.

I think we will be higher than today by the end of the month.

Poolman

 

[Show-me]

Thanks for all the updates Show-me.

I like Ira. I relate to what he Say's the best. I like Oscar but he's a little over the top.

Tomorrow will be interesting. Gotta work though. Short day I'm sure.

I think we will be higher than today by the end of the month.

Poolman

I feel that way too. GL

 

[XL-entLady]

Thanks for all the updates Show-me.

I like Ira. I relate to what he Say's the best. I like Oscar but he's a little over the top.

I think Oscar is a LOT over the top (and needs to switch to decaf :cheesy but I like his technical analysis and the way he shows his conclusions on the charts.

So my next dumb question of the day:

I know Brian and Oscar and Sy and Jason and Gene and Frank. Gee, I feel like the lady with the mirror in Romper Room, "Did all my friends have fun at play?" :laugh: ... But who is Ira?

Thanks,
Lady

P.S. Okay, Ira Epstein. If I'd just read the rest of the posts I'd have known already, huh!

 

[Show-me]

Ira Epstein does a Mid-Day Metal Review at the end of the day for us freeloaders.

 

[Show-me]

Well, if this does not shake out more of the bulls and the so called dumb money................ Pass the Kool Aid please.:worried:

Three hour plus to the closing bell and we can turn this around..........and must or all bets are off. I would very much like us to close well above 845.:worried: This support line is getting tested a lot and that worries me because the more a support line is tested the more likely it will fail.

This consolidation is a very tightly coiled spring ready to pop and I only hope the big 3 automakers (B3A) will not push us lower. Very critical time right now, the low from yesterday is holding for now.

 

[Show-me]

OK, this is Armageddon.

 

[Show-me]

New 52 week low and closing low. Hold me.