Steadygain's Account Talk

[350zCommTech]

Based on the current WEAKNESS - went 30% C/30% S/40% I

The bigger they fall - the higher they bounce (at least temporarily)

see previous post

I wish you good luck.

 

[Steadygain]

I wish you good luck.

Thanks my man. It's all a game (and the ones in charge largely keep it that way) so I think I can count on another little bounce.

If I lose - that's cool - but based on the present conditions the BULL has most certainly been active lately - VOLUME supporting this as well - and most certainly (like yesterday the BULL has lowered his head to the ground and brought it way back up) - so I have no reason to think the BULL is out of the picture.

 

[Frozen]

Hello Steadygain; I have been reading a lot of posts on this site trying to learn. I have to say it is most difficult to follow your posts. One thing that I think would make your posts clearer would be if you identified each of your TSP positions by the actual date(s) they are in effect, rather than "COB today" or "tomorrow". With the change in timezones relative to the 8am EDT post, it is often difficult to decipher what dates pertain to each trade. Anyway, I will keep reading and tryihg to understand.

 

[whitemingo]

Frozen,

This is Steady's house. If you don't understand what change he is making you can see his dailey moves by checking the tracker. That is what it is there for. We are lucky to have him back online and posting again. He is a very busy man.

 

[Steadygain]

Hello Steadygain; I have been reading a lot of posts on this site trying to learn. I have to say it is most difficult to follow your posts. One thing that I think would make your posts clearer would be if you identified each of your TSP positions by the actual date(s) they are in effect, rather than "COB today" or "tomorrow". With the change in timezones relative to the 8am EDT post, it is often difficult to decipher what dates pertain to each trade. Anyway, I will keep reading and tryihg to understand.

I'd say the bigger problem is I probably talk too much!! But thanks for your suggestions

Usually I will state my TSP change as "COB"

My previous posts TODAY - elaborated on what a BEAUTIFUL DAY it was to take advantage of the Markets. Reading through my posts would make it way easier to see how excited I am putting 100% in high risk. Will try to do better in the future my friend.

THANKS FOR THE ADVISE - as others may have had the same problem

The best thing is to use the Auto Tracker - which I always use (and think all should be required to use (no offense Dr. F ) THAT WILL ALWAYS REFLECT THE TSP CHANGES I'M MAKING

 

[Steadygain]

Frozen,

This is Steady's house. If you don't understand what change he is making you can see his dailey moves by checking the tracker. That is what it is there for. We are lucky to have him back online and posting again. He is a very busy man.

Thank you my friend - the lava lamps are now being turned on in your honor.

Actually been a lighter day for some reason BUT usually I will multitask when I come here.

Anyway - I think Frozen is fairly new - so I certainly take no offense.


BTW - The MARKETS still look beautiful and with F Fund going up hopefully the others will really TANK

 

[Frozen]

That would be helpful; is the Tracker the same as the members account forum, or something reached directly on the TSPtalk website?

 

[Steadygain]

That would be helpful; is the Tracker the same as the members account forum, or something reached directly on the TSPtalk website?

There is probably an easier way to do this; but this is how I do it:

1. Go to the Members Talk Forum (that's here and includes my Thread)

2. The first one at the top has EW_ret (right hand corner)

3. Click on his name

4. Go to Automated Tracker (log in)

5. Then click ITF of the Day - that will show you what ITF everyone is doing

I'm honored you chose my Thread for guidance - that's cool man - thanks

 

[Steadygain]

Today's activity is highly in line with EXPECTATIONS and I was hoping today would start off this way. I am actually thrilled to see the global economy demonstrating such immense weakness.

This is exactly what the FED needs to make a huge CUT - and all the more is needed to spur the successive short term rally. For all those who questioned whether the FED would make a "significant cut" - let today give you guidance. Here you need to remember last week the day started almost identical - and ended fairly well. So it may have been better for me to have waited for TODAY to go in 100% High Risk - But I largely weigh in PROBABILITIES and consider the wide variety of factors which have the greatest influence on how the MARKETS will respond. That being said - IF MONDAY BEGAN WITH WEAKNESS - then the REMAINER OF THE WEEK WOULD SHOW A HUGE BOUNCE. This is the FED's most important MOMENT - so expect today's news and tomorrow's news (along with a huge CUT) to spark at least a 4 or 5% Gain for the WEEK.

IF YOU ARE NOT IN HIGH RISK - GET IN NOW!!!

 

[Silverbird]

Ah, Steady? careful now. I think the reverberations of the Bearn Sterns assmiliation are going to reverberate today to some extent but a lot of traders are going to wait for the Fed meeting to be over and some will continue to try to prop the market up. In other words, some of the reverberations will continue at least through the first few days of this week, and therefore I don't think today is the bottom before the upturn. The good news, however, is this kick by the Fed hopefully will warn the financials and insurance guys to get their act together; Bear Sterns didn't fall and take the market with it. Instead, it got assimilated. This is all IMHO of course, this biting Bird is very risk adverse.

 

[Steadygain]

Ah, Steady? careful now.1) I think the reverberations of the Bearn Sterns assmiliation are going to reverberate today to some extent but a lot of traders are going to wait for the Fed meeting to be over and some will continue to try to prop the market up. In other words, 2) some of the reverberations will continue at least through the first few days of this week, and therefore I don't think today is the bottom before the upturn. 3)The good news, however, is this kick by the Fed hopefully will warn the financials and insurance guys to get their act together; Bear Sterns didn't fall and take the market with it. Instead, it got assimilated. This is all IMHO of course, this biting Bird is very risk adverse.

1) It goes deeper than Bear Stearns - way deeper - But they make a good target and that's where Goverment wants everyone to focus. If Bear Stearns were to go under it has the potiential of bringing down the entire Market and severely shaking the foundations of the US Financial system. Enter a Depression Era - loophole - and urgently bring JP Morgan Chase Bank (Nation's 3rd Largest Bank) to the rescue - who was barely hit by the Mortgage Mess compared to the other financial instituations. But who is doing the real BAIL OUT?? The FED is. JP Morgan may buy out Bear Stearns - but would have to take over $176 Billion of distressed securities and $42 Billion in loans. So the only thing ongoing right now is JP Morgan is allowing Bear Steans 28 days to recover some losses.

SO WHAT IS REALLY GOING ON??​

2) You would think reverberations would continue at a fairly high magnitude. This is where the bulk of our MB has missed the picture; because we see things from a practical - economically sound perspective. But I have finally come to realize that it is POLITICAL - and POLITICS has completely taken over the Market Dynamics and will continue doing so for quite some time. Thus we can definately count on a huge CUT - coupled with "GOOD NEWS" of Pretend Sound Solutions which will create a "minimum short term rally".​

My point - is PLAY THE GAME (Political) - proven last 6 months​

3) You see the FED as they want to be viewed - and understandably that is how the general public should view them - as the dominate ones in charge to insure the Major Financial Institutions conduct themselves in such a manner as to keep the US Economy in good shape. But what if they were the ones behind this whole mess; totally completely aware of everything and helping it roll along until IT TOTALLY FAILED. TAKING EVERY AVAILABLE DOLLAR THEY COULD UNTIL THOSE WHO COULD NOT AFFORD IT TO BEGIN WITH NO LONGER HAD ANYTHING TO GIVE. ​

Silver Bird - only because your thinking is logical and based more on what "should happen" do I think you're wrong. Now more than ever I fully believe the FED will pull their "BIGGEST TRICK" to date. The Markets will skyrocket - THE PRESS will fully play into it - and I will go back to G Fund with a 4% overall GAIN - before the bottom falls.​

 

[Steadygain]

3/18 to 3/19 (20) to make up for TODAY​

Question: Why will a huge CUT cause a RALLY ​

Answer: Conditioned Response ​

The FED is convinced this will "fool" the public into thinking Markets have turned around and everyone will keep BUYING - BUYING - BUYING


Question: Any long term problems/consequences

Answer: Dollar will sink - causing OIL to soar.

Oil is based on the US Dollar - so the United States is forcing the price of OIL to soar and prices will get higher. But that's just the start... prices at the stores will also hit bigger highs (milk, bread, and essential foods).

ALL THIS MAKES LITTLE DIFFERENCE - BECAUSE IN THE SHORT TERM THINGS ARE GOING TO LOOK WONDERFUL AND IF I WASN'T ALREADY 1OO% HIGH RISK - I MOST CERTAINLY WOULD HAVE DONE SO TODAY​

 

[Steadygain]

I wish you good luck.

350z - If we have a good up day tomorrow - I just might bail while breaking even.


Bear Stearns - DOWN 84.06%
National City - DOWN 42.85%
CIT Group -.......DOWN 27.56%
Lehman Bros - DOWN 20.28%

MaMa Mia - The soothing comfort of JPMorganChase buying out Bear Stearns was supposed to bring "peace to the Financial Industry" - especially in addition to offering another super RATE CUT. We will need a lot of Money to spur the VOLUME - and if the "public" sees their BANKS going down then THE FALL to come will be greater than what we've seen so far. I had previously thought we had another 5% to go - However if what is taking place is the "actual collapse" then I would project at least another 20%.


http://money.cnn.com/2008/03/17/magazines/fortune/investing/Tully_WallStIsBroken.fortune/index.htm

 

[350zCommTech]

350z - If we have a good up day tomorrow - I just might bail while breaking even.

The obvious problem is you won't know until after the cut. You're now stuck on a roller coaster ride for tomorrow. I hope it turns out to be a good ride for you.

 

[Steadygain]

Welcome to the "intelligent mindset"

Here the recent past 6 months gives a BIG CLUE as to what to expect. What has the FED been doing to 1)Avoid a Recession and 2)Stablize the Economy - BAIL OUTS and CUTS.

A Cut next week will bring a knee jerk 3%+ Gain and I am back in G.

YEEEEEEEEEEEEEE HAAAAAAAAAAAAAAAAAA


THIS WAS THE EASIEST PREDICTION EVER


EVERYTHING POINTED TO THIS - ALL GUARANTEED

THANK YOU- THANK YOU- THANK YOU

 

[WIND_HUNTER]

Are you bailing today? I'm planning to go to the harbor soon myself. Can't take much more to the downside.

 

[whitemingo]

So... Do we ride through tomorrow or hope that we close up for the day?

 

[kar_crazy]

i am hurting sooo bad i think i will stay of course this might be why i am bottem feeding

 

[Steadygain]

Are you bailing today? I'm planning to go to the harbor soon myself. Can't take much more to the downside.

Thanks for asking my fellow Guitarist at heart - soul - and mind.

Today is the beginning of the FED CUT reaction - and that was highly expected

The FED will make a good CUT and tomorrow should rally

I went in HIGH RISK for at least a 3 or 4% Increase

Plan to BAIL TOMORROW - Which should be bigger than today

 

[Steadygain]

So... Do we ride through tomorrow or hope that we close up for the day?

My brother - I really appreciate you.

Now more than ever we need to see "the whole pictue". Our present economic situation is about the worst is has ever been - EVER - even during the Great Depression. So what we are seeing NOW is politics at play - NOT THE ECONOMY over the weakness and strength taking over and A REAL BULL EMERGING.

AS NOTED IN MY PREVIOUS POST - TODAY SHOULD SPARK BIGGER UPBEAT VOLUME TOMORROW - AND WILL GET OUT THEN