Show-me Account Talk

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Sucker rally? End of the month "window dressing"?

I'm F and proud. Blew a 3% lead but I got a letter for my efforts. LOL

Sold my CC before it filled the gap. Stupid! Going to keep is simple with the Roth for a while. I did buy SDS at 60.27 so lets see what happens with the job numbers.

You think the economy is recovering? I don't! We have not washed out yet IMO. Bring on the pain.

Plants closing, initial claims up, consumer worried, deficit, Social UnSecurity, China, India, elections, high energy, ....................................

5% to the TSP, max out the self and wife Roth. NO TAXES WHEN I RETIRE.

See ya in the morning.


Still holding the SDS, so long TSP!
 
Still holding the SDS, so long TSP!
Hey Show-me,
Hope that that doesn't mean you're leaving us folks here? We need you!
Its just getting interesting!:confused:

I will want to see what Bush signs, re: rolling 401ks into a Roth, but not there yet. Already maxed my Roth for 2008, so TSP is still the best game going (unless dubyah signs to enable a rollover into a Roth while actively employed.
Anyway, hope you'll please check my post at "Technical Analysis"> Charts, at...
http://www.tsptalk.com/mb/showthread...954#post147954
If you know EWT, anything there that doesn't seem correct?
Thanks buddy,
VR
 
Not leaving just cutting back on my TSP. Going to focus on the same funds from TSP in my Roth, only I will use Short and UltraShort ETF to play the downside.
 
The odds would say up day for tomorrow after a wash out like today, but this is a bear market and 1270 will get a test.

TSP: Hold F

Roth: Hold SDS
 
I will add that we are just about half way there from the rally high of 1396.02 to the low of 1270.05. The 50% retracement would be 1330.03.
 
Quick summary: Oscar sez at least two down days and possible three due to the "mirror image" on the chart. The mirror image is a formation that he discovered many years ago and uses frequently.
 
Hey show-me,
Interesting re: Oscars "mirror" theory, especially because, just this afternoon I was actually looking back at the last drop, looking to see just how that drop occurred - looking for patterns/any similarities to perhaps how daily events are unfolding now. What I noted was, a big day down, then next day a smaller "doji," then another big day down, - which, BTW, the latter is what might be likely to happen tomorrow!

[Again this is just a pattern/similarity from the previous drop - which is just theory, nothing else, certianly nothing certain, even that I'd promote to others.]


BTW, I found the following, thought of you, reminded me of good laughs previously!
...you'll have to add your own favorite "heavy metal," "head-banging" music@!:D

BeavisButhead.gif
 
Wow! What a day, I am in the process of maxing out mine and the brides Roth. Plan to fully fund '07 and '08 next week. I will use Scottrade and trade index fund ETF's utilizing 2X leveraged ETF's from ProShare.

I will be using STOPS, LIMITS, AND TRAILING STOPS so that I do not take a beating when I am wrong and I will be wrong from time to time and lose money.

As of not my Roth is up over 25% trading CC and SDS. My current trade in SDS is at a +7.7% and I am itching to ring the register, but will set a tighter STOP tonight and let it run.

All or nothing approach and I will no longer fully invest my account into one company stock as I have in the past. To risky. I will do all or nothing in index ETF's due to the fact they are more diverse by nature that is a more acceptable risk.

I will focus on four index funds but follow about 10 total ETF's that mimic the TSP funds and short them.

This is really much more fun that TSP trading and I much more profitable cuz you can profit both ways. :nuts:
 
Show... I sure enjoy the market video info here. One stop shopping is good. Like Carlos said, "Never Trade Alone!" "There is Strength in Unity!"

If you only knew how many times this MB has grabbed me from walking in front of that main street bus. :)
 
Show... I sure enjoy the market video info here. One stop shopping is good. Like Carlos said, "Never Trade Alone!" "There is Strength in Unity!"

Cool, I'm glad it is helping. I got one for poolman and the other from Robo. It is great having so many good people on the MB.

 
Just finished crunching my taxes. Boy am I poor. Taxable income to total income tax is 2.91%. I would say that is pretty low. Screw that "fair tax" bs!
 
1. WMT missed its retail expectations. Market was expecting 2% and actual was .5%, other retailer are expected to miss big.

2. BOE lowers rate 25 basis point and U.K. sells off.

3. Cisco expects a struggle in the coming quarters.

4. Economic stimulus plan hits a wall.

5. Jim Cramer is on CNBC! Armageddon! Buy, buy, buy!
 
TSP: Hold Fund

Roth: Hold SDS w/ $62.50 stop

Good luck, it is going to be a very interesting day.
 
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