Thinking of jumping back in today for christmas? Opinions?

[kb9nvh]

Been in G for about a month waiting for the next shoulder. Looking for entry point and today looks like it might fit the bill. Should I be waiting for a more significant drop do you think..what, like S&P at 2000?

Just sick of being out all the time and it seems like we are getting close to something.

 

[WorkFE]

November was kind to me. I stepped aside last week so at the moment I'm in the G with you. I may let the dust settle for a bit.

 

[kb9nvh]

Who has the magic ball today? I thought I was supposed to get it back this morning!! LOL A general read seems like everyone is waiting for a bit more of a pullback. Guess I'll do what I always do and sit here with my thumb up my nose until it's too late.

 

[WorkFE]

A quick glance at the top 25 for this year shows about a 60/40 split to In vs. Out.

I generally like being in equities during December but this year I think the head winds are getting tough.

 

[amoeba]

Double whammy unexpected decline in retail sales and energy, and seasonally weak early december and you're asking? If you were out before this hit beginning friday, be thankful. I for one don't think this is a buy today.

 

[kb9nvh]

Thanks for the opinions...Guess I'll sit out another day and see how things shake out.

 

[bmneveu]

Been in G for about a month waiting for the next shoulder. Looking for entry point and today looks like it might fit the bill. Should I be waiting for a more significant drop do you think..what, like S&P at 2000?

Just sick of being out all the time and it seems like we are getting close to something.

2000 isn't a bad target to shoot for but you might miss the train if it never dips that far. I am sitting on my hands but there's no way I'll be patient enough to make it to 2000. I'll probably put half my money in if we drop another 1% and then put the rest in if we go 1% lower than that. That would make me 50% in at 2030 and 100% in at around 2010.

 

[WorkFE]

2000 would be a tough hold but would definitely make you put your thinking cap on. You could be in for a long sit waiting for another 2.5% but then again it could happen tomorrow and keep going.
Of course while sitting in the G that would not be a bad thing.

 

[Cactus]

Looks like a double crossover (Stoch & MACD) on the S&P500 today. Now's the time to get out, not to get in. My 2 cents.

 

[maui21ice]

Thanks for the opinions...Guess I'll sit out another day and see how things shake out.

Same oat as you. I think the down day was just a teaser and it will go lower yet this next week/week and a half. I think one thing I've learned most of the last year is patience and not trying to hit a quick homerun every day/IFT.

 

[Frixxxx]

Looks like a double crossover (Stoch & MACD) on the S&P500 today. Now's the time to get out, not to get in. My 2 cents.

Is this a CRAP maneuver?

 

[Cactus]

Is this a CRAP maneuver?

No, that is the decision of Cactus.

For anyone who doesn't know, CRAP (Cactus' Reverse And Profit) is my contrarian indicator. If you take my IFTs for this year and reverse them to what they were previously you get the results for CRAP. As of yesterday Cactus was at -7.45% for the year while CRAP was at +21.52%. That would put it at #3 on the AT today. It was at #2. I guess Cactus is improving, but you are still better off with CRAP.

 

[kb9nvh]

Looks like, judging from todays performance so far, CRAP might have paid off. I guess there were a few people thinking like me for today. We'll see how it ends up but right now CRAP is floating to the top!!

 

[kb9nvh]

What the hell, what did you guys do!!! Finally get a chance to check the markets and Lookit it!!! On travel busy all day, Tomorrow on a plane. Wonder if I'll get a chance to move out of G (if it feels right)? dang!!

 

[James48843]

Relax-
I have a feeling we're going to see a couple of days, at least, of this kind of choppiness.

Normally I would be in right now seeing as we are getting closer to Christmas- BUT- we have had a great run higher, and this is now
a good time for a short pause, in my book.

I am thinking 4 to 6% down shakeout is likely.

But then again, Who knows?



Good luck!

 

[nnuut]

I think you should get back in 100%.

 

[Khotso]

I think you should get back in 100%.

That ... was pretty funny.