Show-me Account Talk

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S&P chart, you could see a "three solider" pattern but it does not completely conform to the definition. Each day should start in the body of the previous day and finish near the high. We have a Doji which is and day of indecision and lean toward a reversal.

Still holding the F fund and the SDS.
 
There you have it folks we are clear for lift off.

AP
Bush, Fed Chief See No Recession Ahead
Thursday February 28, 5:29 pm ET
By Jeannine Aversa, AP Economics Writer Bush, Fed Chief See US Weathering Economic Storm; Recession Not Seen on the Horizon
 
There you have it folks we are clear for lift off.
AP
Bush, Fed Chief See No Recession Ahead
Thursday February 28, 5:29 pm ET
By Jeannine Aversa, AP Economics Writer Bush, Fed Chief See US Weathering Economic Storm; Recession Not Seen on the Horizon

I just feel all warm, safe & comfy now -just knowing our PPT has done its job. :rolleyes::laugh::laugh:
VR
 
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TSP loan.

I'm still with SDS and will hang in there for a while longer. I like the comments that Oscar made but realize he is a short term trader. The symmetrical triangle is growing in size but to me I do not see a clear break out until we get above 1396 or the 50 sma. F fund looks like it has room to grow. That and the whole IFT rules BS has taken the steam out of my desire to trade the TSP.

On a personal note, I will admit that I did barrow against my TSP to fully fund mine and my wifes '07 and '08 Roth IRA's. First I was pissed, second the rate is 3.5%, third funding my wifes '07 Roth made us 5% in retirement savers credit. I figure make 5% from the start is good.

I know, I know the argument. You pay that money back with taxed income. So what! My tax rate is so low that I almost do not pay taxes. My tax liability this year was $700.

I believe the tax rate will be higher in the near future and when I retire in 17 years. Then I will pay for my deferred TSP principle and earnings. No thanks! The interest gets paid back to me on the loan. I have more choices, stops, limit orders, interest while in cash, etc.

And lastly, it is my way of flip'n the bird to Tracy Ray and Greg Long.:D
 
I like his analysis of the D.J. Trans and will follow and he is highlighting the same patten I have been seeing in the charts. A rally and break down.
 
Sidebar, Ira thinks silver will go to $25 and that would be around a 25% gain from current levels. SLV is the ETF.
 
Good move. Congrats!
Buy back in after the Monday morning dead cat bounce?:D
Hi Show-me,
I'll also add, congrats on your move. After today, it now seems the question is, NOT whether, but HOW FAR! - How much farther to expect we may go?? Beyond that possible DCB monday morn', I have a few observations on this question (based on what you & Oscar showed us the last few days):

1) In Oscar's SPX analysis, he showed us his "parabolic SAR" analyses -showing us the 4 points, below, between spikes) -the last 2 times - and his analysis - spot on - that concluded we should expect today to see this reversal again today (3rd time)! Again, he was SPOT ON! - He also showed us that BIG drops then follow -noting the resultant SAR points that then appear overhead -denoting the drops!

I observed that, today, as a result, a new parabolic SAR point appeared -overhead of today's red candlestick! -And looking back at the the 2 previous occurances, this appears to suggest there may be another large downtrend ahead (as new SAR points next appear overhead).

2) Other observation: in addition, there's the $TRAN chart (which today seemed to suggest much farther down is now likely! But I also suggest, take a look at the $NYAD chart below -and again especially note, the new bearish parabolic SAR point that appeared today above in this chart.

I think the chart below is fairly self-explanatory, and confirms all above as well.:worried::blink:
http://stockcharts.com/h-sc/ui?s=$NYAD&p=D&yr=0&mn=9&dy=0&id=p55192775979
(This chart originally courtesy of Birchtree! FYI)
 
Sold Sds @ $65.0519



Show-me,


Good trading my friend, and way to take some profits. You can short the next rally if you want to play the dark-side.


However, you're missing the up side rallies. Get a feel for playing it both ways. If you don’t have that loving feeling, then just trade with 25 shares and see how you do. Don't get so Bearish in your trading account that you miss these Bear market rallies. They are fast and very profitable.

Again, nice trade and way to take profits!!!

Robo
 
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