Whipsaw's Account Talk

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I jumped 100% into S COB today as well WS...lets hope for the continual uptrend. Looking beyond this week, next week we have a lot of info coming out of the FOMC regarding economic predictions and interest rates...putting my faith in the Fed, we'll what happens!
 
Thanks for the moral support! The trend is our friend, don't fight the fed... technical analysis might help a little. Seasonality is supposed to be good for small caps through June. Fingers crossed! I heard a report that Q3 is supposed to be huge as the economy fires back up. Trying to get my Mojo back.
 
Will have to hold through any weakness next week; can't get out with the rest of the month in the windshield. looking at reasonable stops, just in case.
 
This is my dilemma. Looks like I could pull out today and lock in about 5% for the month (assuming it closes near where it is now). Good monthly return with little to no risk until I look for a time to get back in for July but when I did that in May (in for week1 then out) I missed potential gains in second half of the month. Obviously you can't always count on a positive return in the month but if you can repeatedly get 5% for several months, that is pretty good right?
 
That's great. I'm in a different situation trying to dig out of this massive hole that I'm in. With the business environment opening up, I expect further growth, to a point. Barring any really bad news, also not sure how / when this correction Rod is talking about will materialize. Many folks look to get 2-3% a month, that is still a great annual return. Have to determine if there is more risk being in, or being out...
 
Whipsaw said:
That's great. I'm in a different situation trying to dig out of this massive hole that I'm in. With the business environment opening up, I expect further growth, to a point. Barring any really bad news, also not sure how / when this correction Rod is talking about will materialize. Many folks look to get 2-3% a month, that is still a great annual return. Have to determine if there is more risk being in, or being out...
Click to expand...

I'm just wondering how much more upside there will be before a pullback/correction commences. No one knows that answer... or what the trigger will be. It will happen, though.

The risk of being out is missing out on those gains until the pullback/correction.

The risk of being in is being caught up in the pullback/correction.

Therefore, do you get out and have a guaranteed preservation of your capital, or do you risk adding to it?
 
At this point I stay in, I can only move to G. I have resigned to having a stop should a significant down turn commence while I'm still in and will have to be happy with the closing price. Assuming this Kendall guy has more creds than the Pivot Point guy, will have watch very closely. I gooned the run up from the lows believing the clarion calls for testing the lows, which hasn't happened yet. I do recognize there are open gaps down there... so its more of a when than an if. With the Plunge Protection Team in action we may get back to February levels, which will only get me about halfway back to zero.
 
Whipsaw said:
At this point I stay in, I can only move to G. I have resigned to having a stop should a significant down turn commence while I'm still in and will have to be happy with the closing price. Assuming this Kendall guy has more creds than the Pivot Point guy, will have watch very closely. I gooned the run up from the lows believing the clarion calls for testing the lows, which hasn't happened yet. I do recognize there are open gaps down there... so its more of a when than an if. With the Plunge Protection Team in action we may get back to February levels, which will only get me about halfway back to zero.
Click to expand...

I've already shelved Pivot Point. My main dudes are The Kendall Report, Pivot Boss, and Ira.
 
So I was surfing Youtube today and came across this video about the 2008 crisis. I don't know why I had never watched it maybe because like everyone I lived it. I thought I knew or had learned from this event since it affected my TSP account however I caught myself watching the whole video and listening to the mindset of the leaders back then and thinking these leaders thoughts are still in effect today i.e. Geithner, Paulson, Bernanke, Dimon etc. Some of the things said refreshed my memory and pretty much made me think "Wow if that isn't happening today and how far the market came from 2008 based on these thoughts".

I'm not quoting word for word (you can watch it if you want) but the leaders said things such: A wall of money can reduce panic and thoughts of running scared, If granted an undetermined expansive authority it would reduce the likely hood it would ever be used (but they admit it was used shortly after being granted), and Market solutions to economic problems. There are more ideas from these leaders in the video however the more I listened the more I knew why the Fed and Gov "is/will" throw everything i.e. the wall of money at the current problem in order to reduce panic during the current economic situation we are in and that IMO there is belief the current disconnect between Main and Wall street will be resolved by a I.e. a market solution to economic problems. I'm sure there will be hiccups but anything greatly impacting will just have money thrown at it and for as long as it takes. Because of that the question becomes our own personal time horizon and if we can stand staying in for a V, a Check Mark or U shaped etc market recovery, plus it is an election year.

Anyway sorry to had bored you but sometimes looking at history does the mind good and with the Fed not even giving a date they will stop printing or coming up with solutions etc makes me wonder where the market will be in 5, 10 or 20 years no matter what our debt becomes.

So if you have some time to kill: https://www.youtube.com/watch?v=QozGSS7QY_U
 
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