Whipsaw's Account Talk

[Whipsaw]

I heard the Tom Petty tune this morning on the way to work, remembered it was a DBA fav, and saw how the quote just fell right in with the market action. It was a win win post!

 

[Whipsaw]

Rally... to... the... close... :hmmm:

 

[Whipsaw]

So, futures are UP! I've been putting my industrial strength sticky pants to the test this month, and last. It seems when we get close to a bottom the wails and cries of the bottom falling out get louder. I could be wrong, I think we'll ride up to resistance, pause, and then the Santa Rally. Of course, this is subject to change at any given time...

 

[nasa1974]

I've doubled up on my sticky pants. I have even taken to gripping the safety bar with both hands.

 

[ravensfan]

So it appears we have a nice little rally going today. However, I am not inclined to jump in as I am thinking this is just an oversold rally and the bears are laying another trap for us poor baitfish.

I made the mistake of entering the market on November 7th, which turned out to be the high point for the month. Once in, I saw my nice little 4.08% year to date gain, disappear and when I exited, was in negative territory. So I am not going to fall for it again.

The trend is down and I'm thinking FS's forecast of market dropping further before the Santa Rally kicks in is spot on.

 

[ravensfan]

So we ended the day positive, but well off the highs, so we are still in the "nice rally in the morning, sell the rally in the afternoon" syndrome. Perhaps I am being overly cautious, but I'm just not feeling it yet. On the plus side, the 3 EMA is about to cross over the 5 EMA on both the S&P500 and DWCPF charts.

If we get follow through tomorrow, I may stick a toe in, if not, I can wait.:nuts:

Good luck everyone!

 

[Whipsaw]

Futures are UP! Could this be the start of the Santa Rally part Deux? Still, with luck, we'll get to SNP 2780, at which point I plan to bail and look for the next drop. Postulate applies: Any recognized pattern will change at that point. >.<

 

[Whipsaw]

2018, the year of the Krampus Rally... ;damnit

 

[Whipsaw]

Merry Christmas everyone! Merry Christmas TSP Talk! Merry Christmas S Fund! Merry Christmas (running breathlessly) C Fund! Merry Christmas internet browser! Merry Christmas old computer!

My sticky pants approach is hopefully paying off. Now to watch for an appropriate point to take some off the table to redeploy.

 

[nnuut]

Congrats, be careful!

 

[Whipsaw]

Holding, got nothing else right now.

 

[Whipsaw]

Wrapping up my worst year in TSP, bar none. C'est la vie! Off balance for most of the year, will be paying closer attention to various signs, signals, sages, and swamis going forward. I'm thinking this short rally has peaked and hoping the afternoon decline will not be severe, like McGlives, I like to be in for the next month for the extra trade. At any rate, heading to the lily pad to sit out the turn of the year and watch some of the chicanery of the new congress. Happy New Year everyone!

[TD="class: text, width: 4%, align: center"]760[/TD]
[TD="class: text-link, width: 13%, align: left"] Whipsaw
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[TD="class: text, width: 6%, align: right"] -14.76%[/TD]
[TD="class: text, width: 6%, align: right"] 0.11%[/TD]
[TD="class: text, width: 6%, align: right"] -10.66%[/TD]
[TD="class: text, width: 4%, align: center"]
[/TD]

100% G COB

 

[Mcqlives]

I am now 100% G. Forgot I already used my 2 moves for December so that is the only option.

I hope we end the day in the green and look forward to, and wish for to all, much wisdom for trading in 2019!

 

[Whipsaw]

Ok, changed my mind after watching the 'right side of the chart' video today, he's calling for more upside (which I need). Holding position.

 

[Mcqlives]

I saw that earlier. I'm not convinced of significant upside unless we break the 2507ish mark. If it does there will be room to move up to 2600 and I will hop on quick. Caveat is that any move to the upside has potential to be explosive.

Good luck!

 

[Whipsaw]

Looks like Asia is throwing a wrench in the works. Futures down, but recovering.. a little... we'll see. :suspicious:

 

[nasa1974]

Looks like Asia is throwing a wrench in the works. Futures down, but recovering.. a little... we'll see. :suspicious:

At 10am the "S" fund down 1%. Let's hope for some kind of rally.

 

[Whipsaw]

It's climbing, with a strong incline.

 

[Whipsaw]

IFT COB 50% G, 50% F

 

[Whipsaw]

Sidestepped weakness today, primarily looking at the flat top Tom pointed out and the stalled upward movement. The Apple thing is a total surprise, with luck it will provide a better buy in (cue the flushing sound).