Whipsaw's Account Talk

[tsptalk]

Looks like a lot of open air to the next support level on that weekly chart. But stocks don't usually go straight down so there could be some trading opportunities.

 

[WorkFE]

which is pretty ugly.

I am in the 4750-4800 camp but either one is ugly.

 

[Whipsaw]

Good thing I didn't get stopped out! :cheesy: So why can't we have a trailing stop function in the TSP? How hard could that be? Set it for 8 or 10% and if the market takes a dump, you're relatively unscathed. Way too much to ask for, I'm sure. :notrust:

 

[Whipsaw]

"You mean, THAT's IT?!!"

 

[tsptalk]

Tough crowd. :1244:

 

[Whipsaw]

"You mean, THAT's IT?!!"

That's included as a lead in to a rock tune, can't think of which one... though it could be a Tom Petty tune. DBA may know.

 

[dannyboy]

"refugee"

 

[Whipsaw]

Ok, now, nice and steady, let's just keep this going, like today, for a few more weeks...:twak:

 

[Whipsaw]

The market is still not getting it, the beatings will continue until prices improve!! :twak: :smashfreakB: :chairshot: :stooges:

 

[Whipsaw]

Ok, now that the market is getting it... I'm thinking we're going to double top in the next week. Possibly today... thoughts?

 

[FAAM]

I just IFT'd some more G to CSI today, so I will have to pull out my big stick & open a can of WOOP-ARSSS if this market double-tops now. I think (hope) it keeps going up & don't think it has good reason to reverse.

 

[mmk119]

I'm with you FAAM, but since I didn't pull the trigger, hoping for a short pull back to jump in from.

 

[JTH]

Ok, now that the market is getting it... I'm thinking we're going to double top in the next week. Possibly today... thoughts?

May's monthly high pierced April's high 40 of 63 times, but months where April closed down was 5 of 17 times. So 63% overall odds, or 29% odds (with less data).

 

[Whipsaw]

I think we're at resistance based on a line I see from the previous high to this lower high...

S&P 500 Index, SPX Advanced Chart - (S&P US) SPX, S&P 500 Index Stock Price - BigCharts.com (marketwatch.com)

 

[Whipsaw]

IFT 100% G COB

 

[mmk119]

I was figuring today would be a pullback day anyway; that with some negative news reports kept me from counting today's action. I want to see the final close today combined with what tomorrow (before noon) brings before I decide one way or the other. that said, i'm in a position to do so safely as I got in a lot lower.

 

[Whipsaw]

Hmmmmmmm..... Rollover! Rollover!! :twak:

 

[mmk119]

ha ha some think so. we will see.

 

[FAAM]

B-b-bu-bu... but the Smart Money (NAAIM, per CoolHand today [and I greatly value that reading]) turned up significantly more bullish from neutral. I"m so confused.... :blink:

 

[Whipsaw]

I'm obviously NOT the smart money. :notrust: That's gonna leave a mark.