Whipsaw's Account Talk

So Whipsaw is it time to stop fighting the trend and get in to this thing or are we going to wait for a pullback?

I think there are a lot of people that are asking the same question. My question is how high can the market go if those who have been waiting on the pull-back go ahead and jump in? If we have a pull back I think it will be short lived. It is very hard to try and time an entry into this market because of the restrictions (end of day prices). Good luck on your decision!
 
Was just thinking the same thing, considering the cup/handle formation Tsunami posted significant upside looms. Who knows, it could just keep going... =:-o hate to buy high, again (in hindsight I should have just held). From what I see in the charts, the 20 Day EMA as been a consistent bounce point, so if it does pull back it may only go that far, still, that looks like ~5%. A gap up this morning with a little consolidation going on... Hmmmmm....
 
I think there are a lot of people that are asking the same question. My question is how high can the market go if those who have been waiting on the pull-back go ahead and jump in? If we have a pull back I think it will be short lived. It is very hard to try and time an entry into this market because of the restrictions (end of day prices). Good luck on your decision!

Well the next level of resistance for the S&P500 is 2350. If we can break through that, we could be looking at 2500 by summertime, or even 2600 by the end of the year. Of course all of this is based on President Trump being able to follow through with his tax cuts and repealing and replacing Obamacare. If he can't, well look out below. We could see levels return to what they were prior to the election. As I am typing this, the S&P500 is at 2325, a mere 25 points from resistance. So this is where I am sitting right now. Do I wait to see if 2350 is taken out or trust the trend...:thinking:
 
This may be an approach... put in 50% now, if it drops throw in the other half, if not and resistance is broken, throw in the other half? Thoughts? Pretty sure I have two moves left.
 
This may be an approach... put in 50% now, if it drops throw in the other half, if not and resistance is broken, throw in the other half? Thoughts? Pretty sure I have two moves left.
Sounds likeva good idea! It is very hard to see market explode while your on the sidelines. But it looks more and more like the Trump train is waiting for No One! The weekly charts clearly show we are in uptrend and the daily charts doing the same. I havent entered because I thought this would be a weak move up, back down for an entry before skyrocket. But tge news of tax breaks was well received. Thought we might have a down day today, giving opportunity to buy in but I guess not. So for now, sticking with strategy, but once I get in I may just need to let it rideuntil late April.

Take care and Best Wishes!!!!! :smile:
 
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This may be an approach... put in 50% now, if it drops throw in the other half, if not and resistance is broken, throw in the other half? Thoughts? Pretty sure I have two moves left.

Hmm...Did you mean if it drops, stand pat and if resistance is broken, throw in the other half??? That sounds like a safe approach and at least cuts down on the overall risk...I like it!!!
 
Sounds likeva good idea! It is very hard to see market explode while your on the sidelines. But it looks more and more like the Trump train is waiting for No One! The weekly charts clearly show we are in uptrend and the daily charts doing the same. I havent entered because I thought this would be a weak move up, back down for an entry before skyrocket. But tge news of tax breaks was well received. Thought we might have a down day today, giving opportunity to buy in but I guess not. So for now, sticking with strategy, but once I get in I may just need to let it rideuntil late April.

Take care and Best Wishes!!!!! :smile:

The tax news may be a buy the rumor sell the news event. I'm currently 100% in S and intend to hold until the announcement of the tax cuts. I plan to sell until the smoke clears when it is announced. Good luck!
 
Well folks, don't be like the people in 2013 who waited on the sidelines for the pullback that never came. If this takes off like that rocket you will never get in.

That being said, remember this is a news driven market and any spell of bad news can tank this rocket faster than a Russian booster malfunction. :D
 
S&P500 is knocking at 2350's door...

Wow, that got here quick. So tomorrow we either break through and 2350 becomes support or we bounce off it for a little pullback. By the way, if it's part of your strategy, S&P500, DWCPF and EFA all set new highs today while AGG took out the January low.

Market certainly loves to hear the President talk about tax cuts. If he announces something in the next week or two, Janet Yellen raising interest rates in March will be nothing more than a speed bump. :nuts:
 
Some of the goldman guys are saying they don't believe he'll announce anything too exciting. It's being written up by Cohn however, the ex head of goldman sachs. Interesting to say the least that goldman sachs financial philosophy is about to become government policy.

I do hope they go big. Those trillions sitting in offshore accounts needs to start coming back home. I think the top heads of these corporations understand this needs to happen. What benefit does it serve to just have that $ parked overseas? I guess we'll see here in a few days.
 
Resistance and seasonality working against this rally at the moment, to what degree we shall see. Futures are down at the moment... Standing by to deploy my other 50% into the S Fund.
 
Wow, down ~ .18%, could this be all the dip we get... thoughts? Anyone? Bueller? Bueller?

At this moment it appears we are pulling back from the resistance at 2350. Of course, we could reverse after lunch and end the day positive as that has been the trend as of late. I am encouraged that this is a slight pullback (consolidation) and not a huge drop, so I'm thinking we are still safe. I really want to stay invested, at least until the President announces his tax plan and then add to my position. Also considering moving to the C fund when I add to my position as it's been outperforming the S fund lately...Buckle up WS, this is going to be fun.:nuts:
 
Do we add now, or you think we wait a day or so? Clester thinking it drops to the 50 day... I'm thinking this may be all we see.
 
Do we add now, or you think we wait a day or so? Clester thinking it drops to the 50 day... I'm thinking this may be all we see.
Hard time figuring that out. I might deploy 50% now and 50% next week and let it ride into end of April. Tired of watching from the sidelines... 8 minutes to decide. ... uggh. low volume so far to day. . .... okay .. I am waiting another day... :(
 
Do we add now, or you think we wait a day or so? Clester thinking it drops to the 50 day... I'm thinking this may be all we see.
I'm thinking there are too many people on the sidelines who want on this rocket to let it drop that far. They are buying these dips so the afternoons close higher. Question is how long that will last before the bottom really does drop out? :blink:
 
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