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Steadygain's Account Talk
- Thread starter Steadygain
- Start date
Steadygain
TSP Elite
Thanks Birch - appreciate a sense of hope in another direction. It centainly does not have to be my way only for the USA to do well and that's what I want the most NO MATTER who does it.
Birch - don't forget the business meeting was pushed up to 1400 hours EST. I can hardly wait to hear your presentation - especially with the Markets continuing in a great direction.
Steadygain
TSP Elite
MAIN POINTS OF TODAY
1. S&P 500 - continues to show strength
Here we really need to see the volume (which I suspect is still low)
Buyers dominated the Market today (as a whole)
Short termers cashing in (at the end of the day - because it looked like a good selling day - NOT BECAUSE OF WEAKNESS)
After last weeks' continued gains - we broke even today
THAT MEANS STRENGTH CONTINUES
2. Buyers comming in at the end of the day (good signal)
3. Nothing to remotely show we are on the verge of collapse (if anything the Markets are showing they can sustain)
4. Way better to have slow progressive growth than for it to skyrocket all at once. Once the Smart Money is convinced the stabliity and strength is FOR REAL (soon approaching 3 straight months) and they buy VOLUME WILL MARKETLY INCREASE AND THE SKY ROCKET WILL TAKE OFF.
5. For now it is better to stay in the game - because if the Markets do bottom out it will not happen all at once. So let's say the Markets bottom out at 1% and "the news" shows the cause is even more serious than the Credit Crunch/Housing Sector - you can still bail out and be way ahead because you been in during a huge sustained growth. If on the otherhand things continue on an upward trend - you may pick up at least another 3 or 5% before the 1% drop.
Steadygain
TSP Elite
SO FAR - SO GOOD
Overnight trading had the Markets way down - so when the trading started I expected things to go down a whole lot more.
Look what's happening - they are holding steady and support continues. So the Markets are sustained (at least at this point)
Still too many on the sidelines - and that's what we're seeing and nothing more. The general feeling for investors is at it's lowest in 30 some years - YET THE UPWARD TREND OVER THE PAST FEW MONTHS may help to reverse this.
What we need is the FED and others to come forward with more impressive data - showing signs of a stable economy and growing strength. WHEN THAT HAPPENS - sideline money (which is immense) will kick in and the Markets will really take off.
The worse of the negative data and news has already been dealth with - so now it's mainly a matter of stablization - which may take a few more months. THAT'S HOW I SEE IT.
Still too many on the sidelines - and that's what we're seeing and nothing more. The general feeling for investors is at it's lowest in 30 some years - YET THE UPWARD TREND OVER THE PAST FEW MONTHS may help to reverse this.
What we need is the FED and others to come forward with more impressive data - showing signs of a stable economy and growing strength. WHEN THAT HAPPENS - sideline money (which is immense) will kick in and the Markets will really take off.
The worse of the negative data and news has already been dealth with - so now it's mainly a matter of stablization - which may take a few more months. THAT'S HOW I SEE IT.
Steadygain
TSP Elite
Maybe I'm reading too much of the MB messages - but it's hard to dismiss what a lot are saying - and putting everything together I don't anticapate a significant rally anytime soon.
Moving to SAFETY - 100% G @ COB - (gains still exceed losses)
Will wait patiently for a "real rally" then jump on board.
Moving to SAFETY - 100% G @ COB - (gains still exceed losses)
Will wait patiently for a "real rally" then jump on board.
Have a seat and join us Steady, there's only about 8 trading days left
until the new month of June. Enjoy the savings !
Steadygain
TSP Elite
Will be interesting to see how many jumped into G today. Don't feel alone SG. Even Nsurf9 has made the move to G and right now he is "The Man" at 14%+ YTD.
If things go down (no offense to anyone else) I'll be thrilled I went into safety. It's weird - but when you're 100% G it's a great feeling when the Markets tumble. Over the years I feel everybit as good when I'm in G and the Markets are diving - as when I'm making big gains.
As for Nsurf9 - I'm amazed that any Fund lost over 3% yesterday without that capturing more of "the news".
I'm mainly tired of the current economic climate we're in; so I have no problem taking a 1% loss against the overall gain.
Buster
Well-known member
You're so correct Steady..as I'm in G since Monday..But tomorrow or the next day would be a awesome day to buy back in..But I screwed myself (and didn't even kiss myself)..that I used my 2 moves already..this was the timing I was talking about earlier this month..I warned of this big pull back, before the next big take off...Damn, had I only played my moves more correctly...But I'll garun-damn-T you, that June 1st I'll be all in for the long haul up till the end of the year.
Steadygain
TSP Elite
Hey my friend - if you mean since YESTERDAY - then you did GREAT
If you mean since last Monday - then you missed a bigger gain.
But if it's the FIRST - then that's the best and I definately toast to your victory. Nothing like seeing the Markets dive 1% right after you go to G.
Too much can happen between now and June 1st for me to make that call - but I am very anxious for a "real rally" to take over.
Buster
Well-known member
Sorry buddy..I just assumed you were following my thread like the WSJ
No, I meant yesterday...I IFT'd Friday before COB.
Steadygain
TSP Elite
Sorry buddy..I just assumed you were following my thread like the WSJ
No, I meant yesterday...I IFT'd Friday before COB.
Well then you not only deserve a toast - but the receptionists will open the safe and get the cuban hand rolled cigars as well.
THAT IS EXCELLENT TIMING - Cause Monday was nothing and Yesterday was a significant loss.
And that's the way to play the GAME !!!
To me the very best strategy is BE IN WHEN THE MARKETS ARE GAINING
BE OUT WHEN THE MARKETS ARE LOSING
MY TYPICAL GAIN FAR EXCEEDS ANY FUND THE TSP ACHIEVES
XL-entLady
Well-known member
To play this game you either need to be good or lucky or both. Sounds to me like you're both, so congratulations!
Lady
Steadygain
TSP Elite
Thank you my Sweet,
For the past year the Markets have been very BIZARRE and it's really hard to get a handle on "their emotional state". That's how I come to view them - they are like living things that go through varoius moods. On the whole I've done very well sensing their moods and going in and getting out in a very properous manner.
But over the past year - it's like the Markets don't know how to react. The reason for this is primarily the FED intervention (which I deeply resent). I believe we would be far better off letting the Markets take their natural course of Depression and get it out of their system - THAN forcing them to hang on when they need some rest.
Steadygain
TSP Elite
Well friends - I am thrilled to be 100% G instead of 100% C.
Yesterday was enough to make me think - the upward trend needs a break before moving on.
If tomorrow would grace us with another signifcant drop will try going back in - as I doubt the Markets are going to a new bottom without going back up first.
Yesterday was enough to make me think - the upward trend needs a break before moving on.
If tomorrow would grace us with another signifcant drop will try going back in - as I doubt the Markets are going to a new bottom without going back up first.
Buster
Well-known member
That's what I was saying Steady..But I think maybe tomorrow would be a good day to buy in again..but alas, I'm stuck in G till the end of May..
luv2read
Active member
and that's why there's a lot of us who still have 1 IFT left....That's what I was saying Steady..But I think maybe tomorrow would be a good day to buy in again..but alas, I'm stuck in G till the end of May..
Buster
Well-known member
We can tell who the real pros are..they still have an arrow left in their quiverand that's why there's a lot of us who still have 1 IFT left....
Asylum
Member
We can tell who the real pros are..they still have an arrow left in their quiver
mine is stuck in my back.. that's kinda like being in a quiver no?
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