Whipsaw's Account Talk

[Whipsaw]

Super Crash Theory says not to chase gains... Hmmmmmm....

?Super Crash? theory says you shouldn?t be chasing these gains - MarketWatch.com

 

[tsptalk]

?Super Crash? theory says you shouldn?t be chasing these gains - MarketWatch.com

"One gloomster says ..."

 

[Whipsaw]

"One gloomster says ..."

Tom, am I missing something or are the charts in the commentary from last year?

As for gloom, there is allot of bearish commentary out there... Why it may be time to cut your losses on the S&P 500 - Yahoo Finance

 

[ravensfan]

As for gloom, there is allot of bearish commentary out there... Why it may be time to cut your losses on the S&P 500 - Yahoo Finance

Yep, and it was that bearish commentary that caused me to log a 5% loss in August. For every doom and gloom commentator out there, there's another commentator saying the DOW will reach 19,000 by years end.

 

[DreamboatAnnie]

Hi Whipsaw, I think I am just going to keep watching the daily charts. But VERY watchful to keep in mind that we are still in a short trend down (i.e. the 20 week EMA is still below the 50 week EMA) which means caution should be observed. But SPX is getting close to a positive cross over. Will see what happens... maybe it goes positive next week. Wouldn't that be great!!

I am also using the daily indicators. Would like to see Slow Stochastic get down to 20 and start up with MACD looking up before I enter.

Best wishes on your investments!!!!!! :smile:

P.S. I also read some great stuff out on jvcavin's site as well as Bquat and JTH's.

 

[FogSailing]

WS: As Road Runner says..BeeBeep................

FS

 

[Whipsaw]

It kills me, Cramer is out there squawking about danger zones and the market rockets up! Go figure... this better be a bear trap per JTH, we need a good entry point. With the rate hike put off again, we may see some consistent action going forward, maybe.

 

[userque]

It kills me, Cramer is out there squawking about danger zones and the market rockets up!

An idiom comes to mind.

Those who can: do. Those who can't: teach.

 

[Whipsaw]

An idiom comes to mind.

Those who can: do. Those who can't: teach.

Those who can't teach: teach gym.

 

[Whipsaw]

Futures flat/down, maybe some downward action this week to go along with seasonality and a buy in opportunity?

 

[Cactus]

Those who can't teach: teach gym.

That's a new one. Of course here in the government the old adage still holds true:

Those who can: do. Those who can't: teach. Those who can't teach: Administrate.

 

[Whipsaw]

Earnings week (weak?)

http://www.cnbc.com/2015/10/19/us-markets.html

 

[Whipsaw]

Keep an eye on the debt cieling crisis as another reason/excuse to head to new lows...

http://www.cnbc.com/2015/10/19/lew-...bt-limit-accident-that-could-be-terrible.html

 

[FogSailing]

WS: You never know.. Maybe the Fed will surprise us with a rate hike at the next meeting.

FS

 

[Whipsaw]

I'm getting an itchy trigger finger... call me suspicous, but all the bearish talk before the chicoms cut interest rates smells fishy. At any rate, the market is taking off and leaving all the folks stacked up in the G column with missed gains. I'm liking Bquat's chart showing the rising channel and lower highs, which hopefully indicates some down-action to the lower side of the channel (though somehow I doubt it). I think I have 2 IFTs, I can put some in, and put more in later; or go 100% and possibly take some profits and be done. Decisions, decisions...

 

[DreamboatAnnie]

I'm getting an itchy trigger finger... call me suspicous, but all the bearish talk before the chicoms cut interest rates smells fishy. At any rate, the market is taking off and leaving all the folks stacked up in the G column with missed gains. I'm liking Bquat's chart showing the rising channel and lower highs, which hopefully indicates some down-action to the lower side of the channel (though somehow I doubt it). I think I have 2 IFTs, I can put some in, and put more in later; or go 100% and possibly take some profits and be done. Decisions, decisions...

yes sir...eee. Im still in G.

 

[Whipsaw]

Busy weekend, fixed the exhaust hangars on the 450SL, now the pipes are off the floor. Built a foundation vent and bricked in a substantial hole by the front door; cement is interesting stuff to say the least, and quickcrete quick setting us just that...

Still looking for an entry then hopefully a long run up to the Santa Rally!

 

[Whipsaw]

IFT 40% C, 40% S, 20% G COB =:-o

 

[Whipsaw]

Somewhat of a capitulatory move, or probably more accurately 'SOGOTP.' Also, letting perfect get in the way of good enough... Some weakness this morning, but it looks to be working its way up and right, which is OK.

 

[Whipsaw]

This is a self-indulgent 1000th POST!