Whipsaw's Account Talk

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Whipsaw said:
Well, at least I'm posative for the trade... when do we test the lows?
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Just fantastic Whipsaw! :D The rest of us Arkers are in awe of your impeccable timing...Now toss some of that horseshoe to us less fortunate! :nuts:
 
I was using some of that reverse psychology when I said I was going to pass you up. So far, it hasn't worked. :eek: Awesome ninja moves you got there.
 
Hi WS. I'm guessing we dip to 1867 or thereabouts. If it goes lower, I'm speculating 1790. I think it will all happen this month which is why I'm playing F Fund and playing very light investment (10%). Just too much risk right now and I'm not a technical expert...so just playing seasonality until mid October or so.

FS

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Hmmmmmm... Is the bottom in? The triangle formation and board sentiment/discussion indicates maybe not; talk of testing the lows has seemed to have evaporated from the CNBC/MW sites. Consumer sentiment out today, lower than projected; Fed meeting next week with a possible decision on a rate hike (will the recent correction and economy put off a hike?); China is eerily quiet after the recent unpleasantness. Markets heading south at the moment... holding in the G-fund (though my contribution went to S, got a little toe in the water). Have a great weekend everyone! :smile:
 
Article pointing to a potentially good week going forward, if there isn't any bad news out of china, and if the fed doesn't raise rates. Asia is flat to down in early trading right now; same for futures.

Fed clarity won
 
Another quiet day on the board. The pennant formation broke, when you're in the G, breaking up is hard to do. :cheesy:
 
The next 3 days are going to be a roller coaster. I don't think the Fed will defer a rate increase but I'm no politician and this seems to be as much about global politics as it does about economics. IMHO, the stock market is in sound shape right now; even if I think will continue mostly sideway and hit a true bottom in about 6 months. At that point, maybe I'll get some clue about what Elliott Wave we are really in, or is it a triangle within a triangle within a triangle. Good Luck WS. You've done a great job holding back and playing the choppy seas.

FS
 
FogSailing said:
At that point, maybe I'll get some clue about what Elliott Wave we are really in, or is it a triangle within a triangle within a triangle.
Click to expand...

that is the main problem with the wave systems i see, you never know which wave until after it crashes you on the beach.
 
This waiting around for Yellin is getting on my nerves. I think JTH is on the right track; retesting the lows is likely a red herring at this point.
 
Check out Tsunami's thread, the Ciovacco video is pretty good, an interesting, objective analysis of the markets.
 
Days like today are a good example of why I avoid the F-train... Stocks up in the morning, F is heading south, stocks go south in the afternoon, F is still heading south... :rolleyes:
 
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