The Technicians Account Talk

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Yes, welcome back and that's no bullhockey. I need help looking for the top - can you redirect your energy in that direction? Please!

Dennis
 
Birchtree said:
Yes, welcome back and that's no bullhockey. I need help looking for the top - can you redirect your energy in that direction? Please!

Dennis
Click to expand...

Thanks Birchy....and to the others greeting me back.....sounds like you are anxious some so maybe this will help you out .....I have been getting dates that we are in a correction at the moment (5th-9th Jan), it seems to have started around the last week of Dec....I have been expecting it since early Dec. but as we all know if you remember, I kinda jumped on the Nov 2nd date a little harsh.....but it was a early confirmation that the market needed a rest....I would keep your eyes open for the next couple of weeks (we could get a quick 10-15% drop, it has room).....

It seems that the market may have some resiliency in it because of the current economic picture here at home...I'm wondering at the moment if we're just going to go sideways for about a month........

Its really hard to tell you how the market is going to react other than a quick profit taking could occur......and then if the powers to be haven't fully exited yet, it could take some time before that happens.....

Hope that helps.....
 
The_Technician said:
Thanks Birchy....and to the others greeting me back.....sounds like you are anxious some so maybe this will help you out .....I have been getting dates that we are in a correction at the moment (5th-9th Jan), it seems to have started around the last week of Dec....I have been expecting it since early Dec. but as we all know if you remember, I kinda jumped on the Nov 2nd date a little harsh.....but it was a early confirmation that the market needed a rest....I would keep your eyes open for the next couple of weeks (we could get a quick 10-15% drop, it has room).....

It seems that the market may have some resiliency in it because of the current economic picture here at home...I'm wondering at the moment if we're just going to go sideways for about a month........

Its really hard to tell you how the market is going to react other than a quick profit taking could occur......and then if the powers to be haven't fully exited yet, it could take some time before that happens.....

Hope that helps.....
Click to expand...

So, your opinion is that we are in a correction that will last until tomorrow. No wait, it's going to last longer until we are down 10-15%. No wait, the market is resilient and will move up. Nope, now it's going to move sideways for a while. Wait a minute, a correction is coming but it hasn't started yet. Yep, I think you got it all covered.
 
Welcome back Techy. Nice to hear from you again. I hope that everyone remains civil. Everyone has a voice and should be heard. Good Luck Mayday.
 
Wheels said:
So, your opinion is that we are in a correction that will last until tomorrow. No wait, it's going to last longer until we are down 10-15%. No wait, the market is resilient and will move up. Nope, now it's going to move sideways for a while. Wait a minute, a correction is coming but it hasn't started yet. Yep, I think you got it all covered.
Click to expand...
He got you there Tech. That was very vague.

Unfortunately, it sounds a lot like me lately ... The market should see a bounce here at support - unless it doesn't... in which case it should go down. Been there, done that. :D

Good to see you back. Let's hope it works out.
 
Wheels said:
So, your opinion is that we are in a correction that will last until tomorrow. No wait, it's going to last longer until we are down 10-15%. No wait, the market is resilient and will move up. Nope, now it's going to move sideways for a while. Wait a minute, a correction is coming but it hasn't started yet. Yep, I think you got it all covered.
Click to expand...

I think Tech has it nailed down (on all corners) :D
 
SkyPilot said:
I think Tech has it nailed down (on all corners) :D
Click to expand...

Yeah, like I really know....the possibilities are endless....I could have just said "The C fund looks like its gonna blow at any minute".....:nuts: and say it over and over and over......Birchy style....right....

But it is way over extended and I highly doubt it will just take off on a gain busting tear.......

U got any ideas.....??? Me, I'm just here for day to day action, I don't care which way it goes, as long as it gives some chances to make it on the long side....
 
Went 100% F fund....even though the I fund was suggested by the Crystal Ball, the suggestion for the I Fund have been 3 days old and its high in its short term channel. I should have been in it Friday nite....I just wanted to wait out the risk....

I still think we're in for a head fake in the CSI over the next couple of days....;)
 
The_Technician said:
Went 100% F fund....even though the I fund was suggested by the Crystal Ball, the suggestion for the I Fund have been 3 days old and its high in its short term channel. I should have been in it Friday nite....I just wanted to wait out the risk....

I still think we're in for a head fake in the CSI over the next couple of days....;)
Click to expand...
Tech....I'm confused. Looks to me like the I fund is in the low end of both short-term and longer-term channel.
Sitting on bottom trendline drawn from Jun 06.
 
gonna go back to G and wait a few days till things settle out....I don't think the market has bottomed yet....looking at the advance vs decline data it seems to suggest the market players are buying in the selloffs in the morning and selling in the afternoon as the price rises....it looks definite that they do not want to stay in the market overnight.....not a pattern that was commone earlier in the year ....
 
Looks like overseas environment is changing...gonna try the "I" for a bit ...if anything changes this morning I will probably look again and consider changing the transfer.....
 
The_Technician said:
Looks like it could be a good day to go either G or F....more likely G....but its still early....so things could change by cutoff...
Click to expand...

Yeap, I didn't have the volume confidence in the F to jump in and it looks like the market may go into a drop tomorrow based on current gainer vs loser info today....so with things on the horizon with the PPI and the CPI over the next few days I decided it would just be good to take a hike over to safety, "G" fund, and wait for the next opportunity...:D
 
The_Technician said:
Yeap, I didn't have the volume confidence in the F to jump in and it looks like the market may go into a drop tomorrow based on current gainer vs loser info today....so with things on the horizon with the PPI and the CPI over the next few days I decided it would just be good to take a hike over to safety, "G" fund, and wait for the next opportunity...:D
Click to expand...

Was there some TSP operation costs taking out of our accounts yesterday...I was expecting a bit more on my return of this past week and I didn't get it all...it seemed to be short....

Anybody else get the same results???
 
The_Technician said:
Was there some TSP operation costs taking out of our accounts yesterday...I was expecting a bit more on my return of this past week and I didn't get it all...it seemed to be short....

Anybody else get the same results???
Click to expand...

Never mind, it was due to the TSP folks changed some return data....everything checked out....sorry for the alarm....
 
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