Whipsaw's Account Talk

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Wow! 12! All time high. I've not seen so many folks stacked up in the G fund. Staying there for the time being, toyed with the idea of jumping into F and then got caught into a meeting and the decision was made for me... Capital preservation is the phrase of the day. This Greece situation is getting interesting.
 
ars2210 said:
What do you look at for futures on other funds? I looked at what appeared to be futures for the I fund and it was negative just a bit ago?
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Hi Whipsaw. First...Congrats!! Keep up the great decision making.

I read the news today...oh boy! China down 5% again last night. Greek PM "may be" backing off his rough stance but Greece defaults to IMF. Everything is pure speculation except the default and China news. Add in Puerto Rico and then I wake to raising futures??? Just "feel" wrong. If anyone is jumping in, please post and advise your reasoning.

I still have 2 hours to decide. If I go in this morning, it's very limited (20% F, 20% S) and totally speculative.

FS
 
Being out on the first day makes for being very picky on the entry. Only one shot to get in, then rebalance or bail
 
This is still "white water trading" in my book. To summarize Burro yesterday: If you want to get in...Jump in Thursday.... and pray for a miracle over the weekend...

FS
 
Markets no looka so good... I'm with FS and Burro, waiting out the storm. Looked tempting yesterday... DBA mentioned taking a longer term strategy, yes, that has worked for me. Looking for some direction, appears to be continuing down at the moment. Wondering if we will see the rest of Fobinacci Queen S&P 2067 failure that FWM posted. :worried:
 
Whipsaw said:
Markets no looka so good... I'm with FS and Burro, waiting out the storm. Looked tempting yesterday... DBA mentioned taking a longer term strategy, yes, that has worked for me. Looking for some direction, appears to be continuing down at the moment. Wondering if we will see the rest of Fobinacci Queen S&P 2067 failure that FWM posted. :worried:
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OMG...Let's hope not!! :sick: Will see.... only time will tell. I debated exiting but I am staying in. I guess I will hold my breath. I am in 60% right now so if things go South I either increase exposure when I think it has seen a bottom to hopefully cut the loss on the upswing. Do not like this short term play. But it is what it is. Best wishes on investments to all !!!!!!!! :smile:

Right now: (C and S fund have Slow Stochastic turning up on 5 minute chart ...so maybe ..just maybe.. it pulls up)

C Fund - SPX is down .13% (opened at 2078.03 and now at 2074.72) <<---above the 2067!! :D
S Fund - DWCPF is down .40% (opened at 1109.63 and now at 1103.68)
I Fund - EFA is up .16% (opened at 64.08 and now at 64.005)
 
Whipsaw said:
Charts saying not so much...
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Charts hard to use when things are geopolitical.
I'm with you guys...gonna coast for awhile (my choice was -F-) until Greece and Europe figure things out.
Thats not likely to be a 1 week thing, even if Greek voters vote "yes"...and if its a "No" vote on Sunday, then its "hoppa" as the Greeks say, to the downside.:sick:
 
CNBC: "Correction Gains Momentum" Concerns over global growth, Greece contagion, oil glut, China stockmarket syndrome... Not a good time to be in equities methinks. We should see cheaper gas in the near future! Impressive fake-out this morning... I was logged in to the TSP site at 1150 this morning pondering a move based on a Greece deal offer report and decided to hold off. -.-

http://www.cnbc.com/id/102811691
 
Lots of folks jumping in with good rationale and analysis, another down day likely; no move today for me. S&P is below 2067, if it does not climb back above, will the Fobinacci Queen prediction come to fruition? (See FWM thread Cramer vid)
 
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