sniper's Account Talk

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H&S on the dollar? not the most robust but i can kinda see it.

I fund could explode if the support line caves in. and equities in general *snort* (we need a bull smiley) :)

1-29-13 UUP.jpg
 
dollar's tanking, looks like I fund is the place to be right now

took profits in my real account, don't like what I see on the daily charts and didn't want to use my first IFT in february to run to safety early in the month.

tracker account will stay in S fund, sticking with the system I'm testing (after all, i'm here to test it so i have to follow the guidelines 100%)
 
Birchtree said:
You'll have to stand in line to enter the infamous I fund - it's only a two seat potty.
Click to expand...

I've been in I since 1/4. I'm expecting a nice move up from 79th on the AT today. Depending on the currencies, there's an outside chance I could move to 3rd. However, I do hope the funds all move in a way beneficial to most of us (can't be all if some are on the sidelines waiting for a dip and others are in hoping to not have one).
 
NiteFlyer said:
I've been in I since 1/4. I'm expecting a nice move up from 79th on the AT today. Depending on the currencies, there's an outside chance I could move to 3rd. However, I do hope the funds all move in a way beneficial to most of us (can't be all if some are on the sidelines waiting for a dip and others are in hoping to not have one).
Click to expand...

I've been watching your moves, you seem to be good at this. nice work!
 
sniper said:
I've been watching your moves, you seem to be good at this. nice work!
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Thanks for the compliment Sniper. Your posts are some that have helped me alot.

I see the different funds as lanes of traffic on an interstate. The "G" fund is the slow train next to it. In driving, I am pretty good about reading the actions of other drivers to determine the best lane to be in. On here, with all of the charts you all put together, it really feels like I can determine the best "lane" (fund) to be in. The only problem I run into is the damn steering wheel only works about twice a month!
 
NiteFlyer said:
Thanks for the compliment Sniper. Your posts are some that have helped me alot.

I see the different funds as lanes of traffic on an interstate. The "G" fund is the slow train next to it. In driving, I am pretty good about reading the actions of other drivers to determine the best lane to be in. On here, with all of the charts you all put together, it really feels like I can determine the best "lane" (fund) to be in. The only problem I run into is the damn steering wheel only works about twice a month!
Click to expand...

Good analogy bro.
 
NiteFlyer said:
Thanks for the compliment Sniper. Your posts are some that have helped me alot.

I see the different funds as lanes of traffic on an interstate. The "G" fund is the slow train next to it. In driving, I am pretty good about reading the actions of other drivers to determine the best lane to be in. On here, with all of the charts you all put together, it really feels like I can determine the best "lane" (fund) to be in. The only problem I run into is the damn steering wheel only works about twice a month!
Click to expand...

haha, never thought of it that way, but I do a similar type of thing. I just picked wrong between S & I but it happens :)
 
I was in S until 1/4. I moved to I a little early and lost some ground. I'm thinking I'll stay in I for a bit and then back to S or possibly C if the large caps really do pick up. I only want to go to G if the market appears to be correcting more than about 2% but by the time I figure that out, it could be too late. I'd hate to jump out right after a 2% drop and see it bounce back, looking out the slow-train windows.
 
If we pulled back 4-5%, it would feel like death. But in truth, it would do little to the bull market technicals. Most of the areas of this market are in bull market mode. Look toward April - the SPX has risen every April for the past five years and making it the best month for the market by far - unless you count this January.
 
Birchtree said:
If we pulled back 4-5%, it would feel like death. But in truth, it would do little to the bull market technicals. Most of the areas of this market are in bull market mode. Look toward April - the SPX has risen every April for the past five years and making it the best month for the market by far - unless you count this January.
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If we pulled back 4-5% it would actually be awesome cause I just bought TZA shares today :) but yes i like to lean bullish, and generally don't like it as much when the bears win. but i agree in the long term im bullish. just riding the pullback to add a few % to my portfolio when i see it coming.
 
This makes me a little nervous seeing a H&S forming on the NASDAQ weekly chart, if it tanks, so will the market. Add to the fact Apple is capable of single handedly holding down this index, if it doesn't show strength, and soon, could be bad for things to come.

NASDAQHS.jpg
 
Sniper...
Just a casual observation from a noob. Today's statement about being nervous because of the NASDAQ's head and shoulders pattern seems a little out of sync. Shouldn't folks have long since been nervous based on the basic RSI and the Stochastic indicators? Or am I missing a nuance on chart patterns vice indicators? Note: I submit that I have only made 3.8% in 2013 so I am asking the question to learn.
 
gronk007 said:
Sniper...
Just a casual observation from a noob. Today's statement about being nervous because of the NASDAQ's head and shoulders pattern seems a little out of sync. Shouldn't folks have long since been nervous based on the basic RSI and the Stochastic indicators? Or am I missing a nuance on chart patterns vice indicators? Note: I submit that I have only made 3.8% in 2013 so I am asking the question to learn.
Click to expand...

head & shoulders patterns are generally bad news, while no pattern is 100% accurate, these are usually pretty high%. I make a lot of my trades playing h&s patterns, and win on most of em. If the same holds true for the nasdaq, watch for the other indexes to follow. If not, then we're still in a pretty strong market, that's just something to keep an eye on.

Head and shoulders (chart pattern) - Wikipedia, the free encyclopedia
 
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