Whipsaw's Account Talk

[FAB1]

Wow... ugly open. :worried:

http://www.cnbc.com/2015/09/28/us-stocks-open-lower-fed-eyed.html

Excellent! :chairfall:

 

[Whipsaw]

I love when the market requires Biblical terminology to describe its status. :nuts: The Four Horsemen of the apocalypse!

http://www.cnbc.com/2015/09/28/nasdaq-death-cross-forms-four-horsemen-pattern.html

 

[FireWeatherMet]

I love when the market requires Biblical terminology to describe its status. :nuts: The Four Horsemen of the apocalypse!

http://www.cnbc.com/2015/09/28/nasdaq-death-cross-forms-four-horsemen-pattern.html

From article:
"If we're right, 1730 would be a 38 percent retracement of wave three and, if it tests in Q4, there would also be potential support from the rising bottoms line which connects the 2009 and 2011 swing lows," he warned.

From a simple analysis a week ago.

Despite yesterday, still feeling good about sitting in the F-fund this month.:smile:

As for a possible "bottom" you might not like what the charts tell you...using the simple leg 1 off Dead Cat Bounce method.


View attachment 35302

 

[Whipsaw]

FWM Makes the Call! Just another 150 pts to go!

 

[FireWeatherMet]

FWM Makes the Call! Just another 150 pts to go!

Yeah...FWM should listen to his calls, instead of bending over to pick up pennies for 1 day ahead of a steaming bulldozer (lol).
I think you're getting set up to win the tracker if you time this bottom well and roll the dice at the right time.

 

[rspring]

He will probably be right before its over but I think it might be time to shake the bears out of the trees for a few days first.

 

[FogSailing]

Given todays action, I wouldn't be surprised to see a skyrocketing market tomorrow possibly as high as up 1940 (thereabouts)followed by another sharp downturn. I was hoping for more sideways actions before we saw a bounce: but I don't think we headed in that direction and I think ATC Jeff and anyone else in may make some sheckles tomorrow. At least I hope so. Good luck everyone on your investing. Wish I hadn't chased pennies earlier in the month and still had an IFT left. The worst part of today was the closing because the last 15 minutes were negative which increases the chances of further downward action...but I hope not.

FS

 

[Cactus]

We could have the typical Tuesday reversal tomorrow as a kind of dead cat bounce, but I would have been more inclined to that if we had pulled up at the end of the day. With it heading down hill all day long like this, I'm expecting a gap down open tomorrow followed by turbulent swings as it slowly rise through the day with the bulls and bears fight it out instilling end-of-the-world fear and trepidation in your average dumb money investor. Keep your sticky-pants on. :suspicious:

 

[Whipsaw]

The S&P 500 12 mo. moving average has gone into a negative slope. While this has resulted in significant declines in the past, analysts are looking for short term stabilization at 1820...

http://www.cnbc.com/2015/09/28/todays-market-looks-like-2000-and-2007-technical-analyst.html

 

[airlift]

The S&P 500 12 mo. moving average has gone into a negative slope. While this has resulted in significant declines in the past, analysts are looking for short term stabilization at 1820...

http://www.cnbc.com/2015/09/28/todays-market-looks-like-2000-and-2007-technical-analyst.html

Whipsaw,

Thanks for this reference. Do you or any other fellow reader consider shorting S&P 500, or SPY at this time to take advantage of the downside? Tia.

 

[Whipsaw]

Tia, I'm currently only in the TSP for investments; no options to short, closest thing is the F-Train. MJR or JTH may have some insight there...

 

[Whipsaw]

BZ to Rktect1! He may have gotten in on the ground floor. Anyone have a target for this rally? Futures are up big, I will likely IFT today and be in for 1 Oct.

Intersting article on current support levels:

S&P 500 teeters on major technical support - MarketWatch

 

[Whipsaw]

Good news, bad news... Good news, we've entered the statistically better half of the year; the bad news, per Mauldin Economics, Tony Sagami, the market will tank w/o Fed stimulus.

The diet doctor talking to his patient, "I have some good news, and some bad news... the good news is you can eat anything and as much as you want! The bad news is, you can't swallow." Badump-bump!

 

[Whipsaw]

IFT 20% C, 20% S... looks to be faltering a little at the noon cut off. Hopefully we'll see a decent leg up.

 

[Whipsaw]

Looks like folks getting in today will be getting a better price. :blink:

 

[Cactus]

Sooooooo. Any buyer's regret, yet? :laugh:

 

[ravensfan]

Sooooooo. Any buyer's regret, yet? :laugh:

As someone pointed out to me once. It's not where the trade starts, but where it ends that counts...So no, no regrets!

 

[Whipsaw]

As someone pointed out to me once. It's not where the trade starts, but where it ends that counts...So no, no regrets!

Very true! We may be holding these shares for some time, but we are buying on sale Still have plenty of dry powder should we go lower.

 

[ravensfan]

Very true! We may be holding these shares for some time, but we are buying on sale Still have plenty of dry powder should we go lower.

Yep! Learned my lesson when I bailed after the big drop in August. Won't do that again...:nuts: Plenty of dry powder for whatever happens!

 

[FAB1]

Sooooooo. Any buyer's regret, yet? :laugh:

I moved in C prematurely and fell somewhat in the tracker tho the damage would have been worse in S or I. Today's gains
made up for most of those losses - made a quik switch to the I fund today, as long as the S&P keeps energizing the global
markets the I fund should produce some higher gains. At least thats the plan for the near future.

Looking at moving to bonds as my first IFT in Oct. :notrust: I dont think we have seen the real bottom of the correction yet and support has
been pretty weak