Whipsaw's Account Talk

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Whipsaw said:
Running with the Burro! Deployed my remaining 20%.. 60% S, 40% C, COB! :D
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Whipsaw, I saw you deployed your remaining 20%, but I am still waiting to deploy the rest of my funds. Many analysts think we will drop further in the next days, and in normal times the lower Bollinger Band near SPX 50 dma at 2007.68 should provide good support to spark a big bounce after this big pullback. I am still watching the markets, the TA signs, and news to determine whether to buy at this point or keep the last funds in G fund or cash.

My concern right now is what the impact of the terrorist attacks will have on the stock exchange. Significant trepidation arises from the last couple of days by the bearish posts from JTH and from FireWeatherMet. Based on your experience, what is your reasoned opinion as to the most likely direction of the markets next week? I will also appreciate the opinions of other members that want to contribute to this query. Thank you.
 
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airlift said:
Based on your experience, what is your reasoned opinion as to the most likely direction of the markets next week? I will also appreciate the opinions of other members that want to contribute to this query. Thank you.
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opinion: up. the drop was steep and fast and the best time to score a quick 2% is when everybody else is peeing in their pants. the market terminology for this phenomenon is called 'buy when there's blood in the streets' but that seems particularly inappropriate at this point in time. i made my call to jump in on the contrarian sentiment play before news of the french terror attacks hit the newswire but i suspect that is going to have unintended consequences for my trade now. on the other hand, war is good for business, and the fed has made clear for the last 6 years that they will buoy up the market.

i don't really know what is going to happen next week. but i am an optimist, so i am still going with 'up'. until it doesn't go up, then i suppose i will reevaluate my retirement future.

on the bright side, the worst i could do is lose it all and die old and penniless and poor. there are worse ways to die.
 
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airlift said:
I will also appreciate the opinions of other members that want to contribute to this query. Thank you.
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My system has been calling for a turn-around Wed. or Thurs. of this coming week. I've been in the F fund, but plan on going into an equity fund circa Wed...unless something changes. :)
 
userque said:
My system has been calling for a turn-around Wed. or Thurs. of this coming week. I've been in the F fund, but plan on going into an equity fund circa Wed...unless something changes. :)
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You are one of those that I look to for advice and for factual data. I am staying in too and hope that you are correct! Here's to positive thinking!!

Frank
 
I saw Burro's move and went with it, not so much for the contrarian aspect, but that we had been down for several days and my limited charting interpretation skills supported it. Yes, this was before the unpleasantness in Paris, which I think will likely negatively impact the market for a short time. I'm also on the road for a couple days and won't be able to track the markets. Sticky Pants is the order of the day...
 
userque said:
My system has been calling for a turn-around Wed. or Thurs. of this coming week. I've been in the F fund, but plan on going into an equity fund circa Wed...unless something changes. :)
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Something changed. System is a go for a TSP equity fund today. :)
 
Whipsaw said:
I saw Burro's move and went with it, not so much for the contrarian aspect, but that we had been down for several days and my limited charting interpretation skills supported it. Yes, this was before the unpleasantness in Paris, which I think will likely negatively impact the market for a short time. I'm also on the road for a couple days and won't be able to track the markets. Sticky Pants is the order of the day...
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Or, France could schwack the crap out of ISIS and the market takes off like a shot! :nuts:
 
Whipsaw said:
I saw Burro's move and went with it, not so much for the contrarian aspect, but that we had been down for several days and my limited charting interpretation skills supported it. Yes, this was before the unpleasantness in Paris, which I think will likely negatively impact the market for a short time. I'm also on the road for a couple days and won't be able to track the markets. Sticky Pants is the order of the day...
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Good timing. :smile:
 
The S train is leading today... holding position looking for a Turkey Day rally, staying invested into December unless weakness becomes apparent.
 
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