Whipsaw's Account Talk

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GUCHI said:
WOWWW... That sounds pretty scary, hope we all can get out in time!
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Dent has been screaming that same line for five years. I believe he's sincere, not just doing it to sell books and subscriptions, but he's among the most bearish of the bears like Robert McHugh and Bob Prechter; they've been right a couple times and base their whole career on that. Having said that, I have read two of his books and I'm a full believer in his demographics theories and that you can in general terms predict when countries economies and stock markets will suffer years, even decades in advance based on population trends. We only have about five more years when the millenials will start to pull the U.S. economy out of it's malaise, and the influx of foreigners has softened the blow somewhat (I think throwing all of the illegal aliens over a "beautiful" wall is misguided and will hurt our economies recovery, but that's a topic for another thread).

Here's another enjoyable website for those into doom and gloom: King World News
And a couple links from McHugh, the owner of the Hindenburg Omen thing:
Robert McHugh | Safehaven.com
https://www.google.com/?gws_rd=ssl#q=robert+mchugh+youtube
I used to subscribe to McHugh, and he's one of the main reasons my returns suffered from 2009-12. He's entertaining, and sometimes quite accurate like all Elliott wavers are about half the time, but stay away from his subscriptions! His bias is just too bearish.
 
FAB1 said:
EU was going down before our markets opened.

Can you 'splain that? :D
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I read an article last week explaining that as China's enconomy slows, they're not manufacturing as much, therefore the resources the need (some of which comes from Europe somehow) are not in demand, lowering the EU market... :cheesy:
 
Ooof! :blink: The opening was not pleasant. Looking at the S&P, there appears to be a higher low set from the Aug 25 low to Sep 28; granted, the slope of that line is just above flat, maybe it will hold as support? Any Chart Analysis Gurus care to opine? Getting in the other day not optimal, but only a partial position, if I can put in the rest at the 'real bottom' (help me out FWM, JTH, Bquat, DBA, Burro, Tsunami, MJR, all yous guys), I'll be a happy camper going forward. Otherwise, if this becomes a long term bear, a complete change in strategy is required. >.<
 
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Whipsaw said:
Ooof! :blink: The opening was not pleasant. Looking at the S&P, there appears to be a higher low set from the Aug 25 low to Sep 28; granted, the slope of that line is just above flat, maybe it will hold as support? Any Chart Analysis Gurus care to opine? Getting in the other day not optimal, but only a partial position, if I can put in the rest at the 'real bottom' (help me out FWM, JTH, Bquat, DBA, Burro, Tsunami, MJR, all yous guys), I'll be a happy camper going forward. Otherwise, if this becomes a long term bear, a complete change in strategy is required. >.<
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The market is whipsawing around just like your handle. I'm fighting the temptation to get it after seeing Europe close green, QQQ nearly going green. Very confusing...but I see AGG hit it's highest point since April, the dollar has dropped below the 200-dma...those markets might be foretelling where we're headed...so I'll stay out.
 
And a few MORE pesos! :D Now what to do? Get out tomorrow in anticipation of the next leg down? Hold pat and DCA into the next leg down? Buy more if the rally will continue? Decisions, decisions...
 
Whipsaw said:
What are the odds of a dip going forward? Lets say a trade goes in today, the market will either continue up next week, or dip, but either way will likely be up significantly by December. Whenever I see these cautionary articles, it seems the market takes off leaving folks behind. Thoughts?

No home run yet in this market rally - MarketWatch.com
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I'm new to playing with TSP in this fashion, I've been a buy/hold guy for 4 yrs....

There will always be people left behind right? If stocks are gonna rally by years end, the trick is picking the right low in which to dive in...we'll never pick the perfect low, so why not dive in and wait for January 16 to see where we are? Are we collectively scaring each other into believing in a phantom crash that may not come this year?
 
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