Whipsaw's Account Talk

[Whipsaw]

C Fund blew through the 200 day, S Fund closed above (and a full point+ behind the C).

Fed still pumping...

https://www.wsj.com/articles/feds-1...ention-falls-short-of-bank-demand-11583332932

 

[Whipsaw]

Higher lows over the past 4 trading sessions...

 

[Whipsaw]

Talking heads pointing to trading bots algos for the big swings. FWM has a good observation on the formation of a bear flag. Hmmmmmm...

 

[Whipsaw]

It's heading up again, Jobs report taking hold? Need to shake this virus hysteria.

 

[ravensfan]

 

[Whipsaw]

It's heading up again, Jobs report taking hold? Need to shake this virus hysteria.

 

[Whipsaw]

There is this... I may just let it ride...

the-odds-of-a-2008-like-stock-market-meltdown-are-low-

https://www.marketwatch.com/story/t...meltdown-are-low-2020-03-06?mod=mw_latestnews

 

[Tsunami]

I like the statement in this article that we will soon see the "most unbelievable rallies" we've ever seen. Makes sense if there's a huge government response, which seems likely given the approaching election.
But first we have to endure more downside panic I'm afraid. The weekend Dow futures are down over 2%. I've missed a few of those "unbelievable rallies" in the past, and don't want to miss it this time.

https://www.elliottwavetrader.net/p/analysis/A-Warning-to-Perma-Bears-202003065801013.html

 

[Whipsaw]

Thanks, Tsunami. Don't want to miss these run ups that appear to be in store. Now with crude oil dumping, so to speak :cheesy:, I'm hoping the current levels don't start to look good. ;damnit Trade limitations hit a -5% on futures this morning... uke:

 

[Whipsaw]

There is a really $^#@%!! ugly channel forming...

 

[Whipsaw]

Here's an example of the irresponsible reporting that is stoking panic. No details. No specifics on the condition of the NURSING HOME residents that contracted the virus and died' within hours (how many hours? Were they already sick? If so, how sick? How old were they? Compromised health or immune systems?). Thank you FAKE NEWS!

Washington nursing home with coronavirus outbreak reported shocking escalation from 'no symptoms to death'

https://theweek.com/speedreads/9008...ed-shocking-escalation-from-no-symptoms-death

 

[Whipsaw]

Here's another example of corona virus FAKE NEWS. HEY LOOK, EVERYONE! It's contagious! Its like the flu, right? yeah, but... its IN ADDITION TO THE FLU! The flu strain changes, right? yea, but... ITS CONTAGIOUS, and NO ONE HAS HAD IT BEFORE! Its like to flu, right? yeah... but... PEOPLE GONNA DIE! And this on MarketWatch, thanks, guys...
[h=1]‘We’re going to have more deaths.’ Coronavirus vs. the flu. Influenza kills more people so everyone is overreacting, right? Wrong — here’s why[/h]https://www.marketwatch.com/story/coronavirus-vs-the-flu-its-just-like-other-viruses-and-we-should-go-about-our-normal-business-right-wrong-heres-why-2020-03-09?mod=home-page

 

[ravensfan]

It's days like today where I have to remind myself that even though they are not worth as much, I still have the same number of shares as I started the day with. In other words, it ain't a loss until you sell. Sticky pants are beginning to show signs of seepage ...:nuts:

Thank you Mr. Market, may I have another???

 

[Rod]

It's days like today where I have to remind myself that even though they are not worth as much, I still have the same number of shares as I started the day with. In other words, it ain't a loss until you sell. Sticky pants are beginning to show signs of seepage ...:nuts:

Thank you Mr. Market, may I have another???

Exactly.

 

[Whipsaw]

Futures are up, allot, but relatively speaking, not so much. at:

 

[Whipsaw]

- 16.56% YTD! I think that's a personal worst! D:

 

[nasa1974]

- 16.56% YTD! I think that's a personal worst! D:

I'm right there with you. ;damnit

 

[Rod]

- 16.56% YTD! I think that's a personal worst! D:

I would've been at -16.21% had I not IFT'd out of my 10-year buy-n-hold position (60 S and 40 C) on 23 Dec. I'm now @ -0.89% and sitting in (G). I was up 1.25% (F fund). But, then I attempted to catch a relief rally one day too early. Go figure I'd be a day early.

 

[Whipsaw]

Signs of life! S-Fund up 2.5%, only 13% to go!

 

[nasa1974]

I would've been at -16.21% had I not IFT'd out of my 10-year buy-n-hold position (60 S and 40 C) on 23 Dec. I'm now @ -0.89% and sitting in (G). I was up 1.25% (F fund). But, then I attempted to catch a relief rally one day too early. Go figure I'd be a day early.

I wish I was at -0.89 right now. When this panic started I was at a plus 5. I didn't listen to the little birdie to get out and be safe.