Whipsaw's Account Talk

[Whipsaw]

Hi Everyone!
Although my status is 'Newbie,' I've been on this site since '05. Reading the Members Account Talk is a highlight of the day as I work to read the tea leaves in making TSP moves. The account name was appropriate as I have been prone to making some wrong moves at the extremes of the market emotion sign wave, buying high and selling low :blink:. At any rate, its about time I showed up... Not that I have any particular insights into the market, but I may be able to add some color commentary .

 

[nnuut]

Welcome to the Forum Whipsaw. I thought I waited a long to join and post!!!!!! But it's a pleasure to have you here, if I can help you with anything let me know.
Best of luck
Norman
Need a avatar? Sorry you already have one.:embarrest:

 

[Whipsaw]

Thanks Norman! Will be on the lookout for a better avatar... Like Clester pointed out, many variables in play; does the volatility have us track to the right toward the upper decending trendline, then furhter down? 20% S for the time being...

 

[nnuut]

Thanks Norman! Will be on the lookout for a better avatar... Like Clester pointed out, many variables in play; does the volatility have us track to the right toward the upper decending trendline, then furhter down? 20% S for the time being...

No telling what will happen with Syria and all the stupid politics involved.

 

[Whipsaw]

Was looking at craigerv's chart... in the longer term it looks as though the market would head south, considering crude oil prices, the taper, o-care's drag on the economy, situation in the ME... Short term? Dunno. I'm kind of getting that feeling I had before the housing market crash... :suspicious: Holding w/20% in S, for now.

 

[Whipsaw]

Missed the deadline being in traffic court with my daughter ; still 20% S... I need to get better at charting, looking for some weakness to expand my position, otherwise just bite the bullet and chase with another 30%.

 

[Whipsaw]

I like what JTH has to say; a scan of recent headlines indicates the risk of taper and its impact; that on top of OCare taking affect in the next three weeks supports JTHs forecast... no moves as yet, still 20% S...

 

[Whipsaw]

Taking profits today, 100% G COB.

 

[Tdorney1]

AGREE

 

[Whipsaw]

Holy Bernanke No-Taper Bounce Batman! =:-o Buying higher... 100% S COB TOMORROW! :blink: I should shift into Birch mode for the foreseeable future. :toung:

 

[Birchtree]

The valuation lid is coming off - the potential melt-up has only just begun. September may be my best month this year.

 

[Whipsaw]

Missed the deadline today, watched the pause... I have two moves left... I'm up 8% this year which puts me down around 500 were I in the tracker, caught like a deer in the headlights waiting for the Hindenburg to crash most of the summer :notrust:. 50% S, 50% I sometime tomorrow morning, maybe something less if we continue down (2 moves left). Coolhand saying fundamentals are still strong; Tom pointed out tests of the new highs have broken out all year... FWM is lovin' life... Sensei is in... Birch...

 

[Whipsaw]

I have 666 views at the moment, I need some help here... :worried:

 

[Whipsaw]

Held off jumping in today; MRJ cooling off period observation along with JTH call of a top has me taking a tactical pause. I chose 'Whipsaw' for a reason, working to break that MO. With my luck it will take off again on Monday :suspicious:. Thanks for the thread views! Over 700 now, whew... and onto a second page . Have a great weekend everyone!

 

[Whipsaw]

Missing the deadline the other day has proven fortuitous; I can almost consider myself my own contrarian indicator. Still 100%G since COB 17 Sep. Considering JTH's last chart, we're approaching the bottom of the trading channel he drew (SPX 1688). Looks as though a bounce may have occured at 1695, watching closely, have to make a call by 1100 today if I'm going in. :worried:

 

[Whipsaw]

100% S COB today... Thanks Uptrend! I think! :cheesy:

 

[Whipsaw]

I was a little worried with the 'post noon deadline' sell off yesterday (better entry price though :toung, and then today's weak open... so far so good.

 

[Whipsaw]

Futures are up as jobless claims fall... Wall Street to rise on data, Washington in focus - Yahoo Finance

Does that mean there are more jobs or more folks giving up looking? :notrust:

 

[Whipsaw]

The elephant dances in DC are obviously causing perturbations in the market. The market should pop once agreement is reached and the gov't is funded; will it continue to rise w/QE... or if O-care is funded, will that lead to further decline? Maybe its baked in... Bottom line, ride it out or punch? Thoughts?

 

[Birchtree]

That so many positive factors exist is bullish. That they are so little talked about is even more bullish. That gap between too dour sentiment and better than realized reality is a powerful positive factor for stocks through year end and well into 2014.