Show-me Account Talk

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Tickled pink at this point and I hope it can continue. Charts are shaping up but any little thing can bring it down, HELLO NORTH KOREA. I'm digging the S fund chart the most but the C fund is shaping up. Sucker rally? Yep, climb aboard! lol :nuts:
 
I'm going to start pulling some C and S fund chips off the table as we approach 1250 to the 1260 area. Too much over head resistance coming with the 200 day sma and the declining trend lines. No need to get greedy at the end of the year.
 
Show-me said:
I'm going to start pulling some C and S fund chips off the table as we approach 1250 to the 1260 area. Too much over head resistance coming with the 200 day sma and the declining trend lines. No need to get greedy at the end of the year.
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Sounds prudent.:cool:
 
Why debate a 2% payroll tax break for people who, in the future and at retirement, hope to draw from that exact fund they are getting the 2% payroll tax break from. The same fund that is grossly under funded and on the verge of insolvency. The same fund that baby boomers are flocking to in drove either because they are ready to retire or can't find new employment. This is not how you create anything but a bigger mess. It would seem Congress needs to spend less and save more.
 
Support continues, the roller coaster continues and my sphincter continues to be at maximum taughtness. Morning was futures up, Oracle earnings, futures down, steady decline, afternoon rally, finish in the green.

The S and C fund dipped below the 50 dsma but closed above it and to me that is a good sign. I am will pull 10-20% off the table tomorrow, work got in the way today.
 
Probably a good choice but I am sticking it in through early next week. I know, it is greedy but I want to try to pick up another percent or two (hopefully).
 
On vacation for the next 10 day and I'm 80G 10C and 10S. Can't trade any where but out and I limited my risk. 5.43% for the month, time for a little Crown and Coke. ;)
 
Exciting day today, no more IFT and I get to blow in 50 bales of cellulose insulation into my attic. Anyone want to help? I'll feed you lunch and beer. You all should look at how much attic insulation you have, it does save you money. Veteran's get a 10% discount at most box stores.

Charts are looking weak, S&P tested upper resistance and the 200 sma and failed. It is back in its range and coming to a apex that has to break out. Which way? The Bollinger Bands are rapidly converging "the Squeeze" and that is a sign we are getting ready to break out.

The BandWidth indicator can be used to identify the Bollinger Band Squeeze. This alerts chartists to prepare for a move, but direction depends on the subsequent band break. A Squeeze and break above the upper band is bullish, while a Squeeze and break below the lower band is bearish. Be careful for head-fakes though. Sometimes the first break fails to hold as prices reverse the other way. Strong breaks hold and seldom look back. An upside breakout followed by an immediately pullback should serve as a warning.
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http://stockcharts.com/school/doku.php?id=chart_school:technical_indicators:bollinger_band_width

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Show-me said:
Watched "Inside Job" and "Margin Call" this weekend, boy is the financial sector rotten to the core.
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I saw Margin Call too. I wonder how accurate it was (the fired guy with the file, etc.). I'll have to look for Inside Job.
 
tsptalk said:
I saw Margin Call too. I wonder how accurate it was (the fired guy with the file, etc.). I'll have to look for Inside Job.
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Watched it over the weekend as well. "Margin Call" is a very loose generalization of the financial firms as a whole. The chairman of "MBS" in the movie is loosely modeled on Dick Fuld, former chairman of Lehman Brothers. I thought it was well acted and well shot, and the three or four underlying themes are typical stereotypes of Wall Street. Wrote a short blurb in my OBGibby Account Talk thread the other day (http://www.tsptalk.com/mb/showthread.php?7218-OBGibby-s-Account-Talk&p=342596#post342596).
 
General and loose is probably right but dog eat dog and who give a crap about the people we sell to is probably right too. Be first...........
 
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