Whipsaw's Account Talk

[burrocrat]

no, not yet, hold your line. this is not the time to be brave. there will be plenty of chances for that later.

 

[ravensfan]

So then you are thinking the weakness continues throughout this week? Support at 1980 maybe or are you thinking lower?

 

[Whipsaw]

So then you are thinking the weakness continues throughout this week? Support at 1980 maybe or are you thinking lower?

Burro is always thinking lower

 

[burrocrat]

that is not true. most of the time i am focused up top.

but this market? yes, straight to the bottom. like a rock.

 

[Whipsaw]

The S&P 500 has been bouncing up against 2021 most of the day, critical resistance at the 200 DMA...

Charting a bearish technical shift in the stock market in Brexit aftermath - MarketWatch

 

[Whipsaw]

Many jumped in on the AT yesterday, may be a good call...

 

[Whipsaw]

If nothing earth shattering happens between now and Noon, will likely jump in; news and market reports look to support continued gains hopefully through Friday. If we're past the historical election year market, again historically strong gains could be seen through the end of the year.

 

[Whipsaw]

“Anyone who believes that yesterday’s gains and the rise in [stock] futures this morning means that Thursday’s vote was simply a short-term shock to the market and nothing more are mistaken,” said James Meyer... Hmmmmmmm.... The article mentions a dead cat bounce, though it is vague and seems to refer to the British pound/sterling...

Pound gains; yen falls as markets resets after Brexit - MarketWatch

 

[Whipsaw]

Holding position... :-/

 

[MrJohnRoss]

“Anyone who believes that yesterday’s gains and the rise in [stock] futures this morning means that Thursday’s vote was simply a short-term shock to the market and nothing more are mistaken,” said James Meyer... Hmmmmmmm.... The article mentions a dead cat bounce, though it is vague and seems to refer to the British pound/sterling...

Pound gains; yen falls as markets resets after Brexit - MarketWatch

Apparently the dead cat hit a trampoline. Quite a bounce today. Let's see if it has legs. End of quarter window dressing for two more days, then what?

 

[jpcavin]

Legs

 

[Whipsaw]

MEOW! :ban:

 

[burrocrat]

oh my! what is that?

 

[ravensfan]

Me theenks et ees pussy gato....

 

[jpcavin]

oh my! what is that?

Look it up in the Kama Sutra! :duh:

 

[Whipsaw]

Look it up in the Kama Sutra! :duh:

Is that anything like a Kurilian Bobtail? https://en.wikipedia.org/wiki/Kurilian_Bobtail

 

[Whipsaw]

Happy Independence Day everyone! I'm surprised and only a little disappointed I missed the run up over the past few days, still have everything I did and the market is now approaching my exit point. If Tsunami is right and we get a pull back, will likely enter, still thinking we will be bullish through the end of this election year. Now its off to police up the back yard

 

[Whipsaw]

Hey! I'm in the papers again!

U.S. benchmarks digest Brexit-fueled whipsaw, S&P 500 tops near major resistance - MarketWatch

 

[Whipsaw]

Appears to be good information on the state of affairs today. I'm thinking we are down today... do we continue to sell off? Ripper's chart from last week still looms large in my wheel house. I'm with JKJ, I can never seem to get back in near the bottom.

'Don’t trust the ‘desperate’ rally — we’re stuck in a stock-market selloff' at the link:

Don

 

[jkenjohnson]

Appears to be good information on the state of affairs today. I'm thinking we are down today... do we continue to sell off? Ripper's chart from last week still looms large in my wheel house. I'm with JKJ, I can never seem to get back in near the bottom.

'Don’t trust the ‘desperate’ rally — we’re stuck in a stock-market selloff' at the link:

Don

I got back in today. Hope yesterday was a short term bottom.