Whipsaw's Account Talk

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OOOOOoooooohhhhhhhHHHH I HAAATE THAT! I bail and then it shoots north! Grrrrrr.... Looking for an entry point, seasonal weakness next week? Or has the Santa Rally begun?
 
Whipsaw said:
OOOOOoooooohhhhhhhHHHH I HAAATE THAT! I bail and then it shoots north! Grrrrrr.... Looking for an entry point, seasonal weakness next week? Or has the Santa Rally begun?
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When I saw you bail yesterday I thought he's going to hate himself in the morning. We've all been there though. Keep your chin up.
 
airlift said:
Whipsaw, do we ride this pullback because it seems we have lost so much to take the big losses? Tia
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Tia, I was completely surprised by the drop last week, hind sight being 20/20 it would have been best to get out on Friday. At any rate, I'm out after eating 2-3% on Wednesday. With OPEC playing games with oil prices, the FED and China, I don't know where this is going. My original plan was to ride through to the Santa Rally, but that certainly didn't go as planned. I can't tell you what to do, I try to read everyone's posts and check some of the sites like Marketwatch, CNBC, Briefing.com to get an idea of where things are and go from there. Hope this helps. A wise man once said 'never take investment advice from someone still working for a living.'
 
I'm guessing this is one of Mr. Markets way of scaring us away from the Santa rally (he has many ways - falling oil, poor China news, rate increases, etc. etc. etc.) , then as soon as we're all out the smart money makes a mint, then we all jump back in...just about SPX 2200 and then the Jaws snap shut...:D

FS
 
Hi WS...I think there is more pull back...just because looking at Bollingers and where price sits...looks like it wants to slide down more. Also, I had heard a report on Liz Clamen's show that oil would hit $33 but then she reported that Goldman Sachs said $20. Of course they gave no timeline on how long this would take to happen.

Plus I read this weekend on someone's thread that there is an options expiry... huge volume....expires on Friday of next week, two days after Yellin talks and that somehow the rate hike could trigger a mass selloff???? Sorry ---do no know much about options. Will try to find that article again.

In any case, I am not jumping in until after Yellin talks on Wednesday. This December is really sucking the wind out of my sails!!!! :notrust: Wish I could be drinking a Mai Tai and basking in the sun right now. Now this reminds me of KK living in Hawaii... she gets to do that everyday if she wants. Must be nice!

Best Wishes to you and everyone !!!! :smile:
 
Thanks DBA, wondering how low this can go and how much is driven by the energy sectors. Looking for a good entry point, today might be it and the market is below my last exit, but I'll look at next week. Any predictions on a bottom out there?
 
Whipsaw said:
Thanks DBA, wondering how low this can go and how much is driven by the energy sectors. Looking for a good entry point, today might be it and the market is below my last exit, but I'll look at next week. Any predictions on a bottom out there?
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Hi WS! Two days ago, I heard $33 per guy on FBN...but Goldman Sachs said $20 per Liz Clamen. Then heard guy who used to work for OPEC country said a little more, but not as low as $20. This morning Varney reported IAE is predicting an oil glut in 2016.
 
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