Whipsaw's Account Talk

[wahinepio]

Thanks just made it

 

[Whipsaw]

So, the move to the lily pad may have been pre-mature, never can tell what a weekend may hold, this close to the end of the month with a move to get back in, why not. Getting close to new highs, if the pattern repeats (remember, any pattern identified at that point will no longer repeat) we should see a decline following the new high. that may coincide with the 'chart of the day': https://www.marketwatch.com/story/c...is-anything-to-go-by-2019-10-28?mod=home-page

 

[Whipsaw]

The TSP Board is moving fund allocation away from China.

https://www.foxbusiness.com/money/china-stocks-investment-fund-federal-employees

 

[Whipsaw]

So my pattern break rule held :-/ Now I'm of the same thinking as FWM and BooDog, nearing a short term top so I don't want to burn a move in now for potentially limited gains, then I'd be done for the month. Should have held with the initial plan of jumping back in before 1 Nov, though it didn't look like we would break through resistance. Of course, now CH is bullish :cheesy:. Oct was a good month with 1.79% gain. Still more work to be done.

 

[DreamboatAnnie]

Good thinking Whipsaw! You are avoiding the mistake I made last month (impatience) entering when it was too high and I regretted it with no way to enter when we got a great set up.
Best Wishes to You an d Everyone* !!!!

P.S. I now must sit and wait for a pull back. Will see how long I can wait.

 

[Whipsaw]

Opinion: How the slump in manufacturing created overblown fears of a recession

https://www.marketwatch.com/story/h...fears-of-a-recession-2019-11-01?mod=home-page

 

[BooDog]

Opinion: How the slump in manufacturing created overblown fears of a recession

https://www.marketwatch.com/story/h...fears-of-a-recession-2019-11-01?mod=home-page

Rex Nutting Columnist MarketWatch

Rex Nutting is MarketWatch's international commentary editor, based in Washington. Previously he was Washington bureau chief, responsible for our economic and political coverage. Rex has been a journalist for more than 30 years, including 17 years with MarketWatch and long stints with UPI Financial, the Salt Lake Tribune and the (Quincy) Patriot-Ledger. He earned a master's degree in economics from The American University.

Someone who might actually know what he's talking about. Thanks for sharing Whipsaw.

It's no surprise when we look overall at how much the market is media driven and manipulated by the media. Of course when we try and follow smart money it's well often after we see the indicators in the charts and say to ourselves, shoulda coulda woulda. It's tough to impossible to time the markets. That's an excellent article that helps put a lot in perspective.

 

[Whipsaw]

This continued climb was not unforseen, though I did expect some sort of a dip. Now that I want to jump in, I'm thinking I'm my own contrarian indicator... :-/

 

[ravensfan]

Patience Grasshopper...remember FOMO. Our time will come!:nuts:

 

[papahotel66]

Locked in some gains Monday and went 100% G but kinda wanted to buy into the F yesterday with the big down move. Dang IFT limits...

 

[Whipsaw]

Recent upward activity almost feels like the previous blow off top. Tom and RSOTC pointed out the VIX being at low support, but also now at 11 or so consecutive days of upward movement, both of which has preceded sharp pull backs in the past. Hmmmmmmm....

 

[ravensfan]

Recent upward activity almost feels like the previous blow off top. Tom and RSOTC pointed out the VIX being at low support, but also now at 11 or so consecutive days of upward movement, both of which has preceded sharp pull backs in the past. Hmmmmmmm....

Helplessly hoping for it....Hey that would make a great title for a song...uhh never mind It's already been done...

 

[Whipsaw]

Maybe this is the break?

 

[quabit]

Maybe this is the break?

or its the normal morning low before the pumps kick. Hard to play these games and guess.

 

[Whipsaw]

or its the normal morning low before the pumps kick. Hard to play these games and guess.

True, it is a wait and see to understand what is going on; even then it can be a crapshoot. The trend is your friend, mostly...

 

[Whipsaw]

Going down? :Flush:

 

[nnuut]

Yep!

 

[Whipsaw]

Anyone to venture on downside targets? We're bouncing off support from early Nov consolidation right now.

 

[Whipsaw]

So... I hate it when this happens... :rant: Didn't jump back in for the 1st of Nov as last few months there was downside action on the 1st (rule: patterns identified will immediately change), then I didn't jump back in when I said I would getting spooked by all time highs, triple tops, low VIX, omens, overbought, negative divergence... :wall: Making a good case for B&H by missing >4% this month... :buttkick: Now, it looks as though we've passed though this year in a large, volatile consolidation :swordfight: since the run up off the bottom last Dec. The weekly chart on the S-Fund has almost all white candles since Oct, as opposed to last fall which were mostly red prior to the September '18 high. What does that all mean? Heck if I know! :dunno:

 

[Whipsaw]

IFT 100% S COB.