Whipsaw's Account Talk

[Whipsaw]

Great post quabit! Thanks. I need to watch that video... yes, great forces at work this year, giving many concerns for a positive outcome.

 

[Whipsaw]

I checked out Kendall this morning, interesting approach... his commentary makes sense, I came across him several months ago, but must not have caught my attention at the time. He called out Universal Manufacturing as a buy, but when I checked it out it was trading at $0.015! No way to go but up? Its already tripled in price this morning.

 

[Whipsaw]

I previously posted about having a stop in place for a surprise decline. Currently in the S-Fund, at about 1500; having a stop at 1400 would be a drop of 6.66%.

Seems appropriate... Which is also just above my entry from last week.

 

[Rod]

I previously posted about having a stop in place for a surprise decline. Currently in the S-Fund, at about 1500; having a stop at 1400 would be a drop of 6.66%.

Seems appropriate... Which is also just above my entry from last week.

There's that 6.66 again... :angryfire:

 

[Whipsaw]

Rally to the close!

 

[oceanminded18]

Rally to the close!

Didn't check the market all day until after close and got the nice surprise...maybe I'll do the same tomorrow! Are you still thinking 1500 for an exit point or going to let it ride out some more? My original plan on last Friday was to ride the S wave until at least the end of Thursday.

 

[Whipsaw]

Problem is, when I punch, that's it for June. I can see the open gap getting filled, possible double top, then a downturn. I do want to see positive indications that a turn has occurred. Unlike the start of this mess, there wasn't an indication of what was to come; at this point we see several open gaps back down to the lows... they'll get filled at some point, sooner? or later? I think a day by day approach until the turn materializes, or it takes a dump and I get stopped out (my stop at this point would be around... 1430 on Dwcpf).

 

[Whipsaw]

S-Fund appears to be at support at my stop. So, I won't be exiting at this point as the FOMC announcement is in the afternoon. I guess this begs the question, if a stop isn't followed, is it really a stop? What is a reasonable drop? Maybe tracking the nearest moving average? Ira mentioned that yesterday regarding the sochiastics dropping below 80.

 

[ravensfan]

S-Fund appears to be at support at my stop. So, I won't be exiting at this point as the FOMC announcement is in the afternoon. I guess this begs the question, if a stop isn't followed, is it really a stop? What is a reasonable drop? Maybe tracking the nearest moving average? Ira mentioned that yesterday regarding the sochiastics dropping below 80.

Must stick with the plan as I recently discovered. I have decided to follow a 10 sma as a built in stop. Of course my last trade I did not follow this and have missed out on a nice rally. My stop is simple. As long as the days closing price remains above the 10 sma, I remain in the market. Once it drops below, I head for the exit.

Good luck!!!

 

[Whipsaw]

That's a good plan, and it automatically adjusts!

 

[Whipsaw]

The S-train is down, but climbing... will likely hold position.

 

[ToddB]

The S-train is down, but climbing... will likely hold position.

Yeah I'm hanging since we're above lots of support like 200 day MA and 18 day MA

Sent from my iPhone using Tapatalk

 

[ravensfan]

Just for ha ha's, as of yesterday's close, my 10 SMA are as follows:

S&P500 = 3126.95
DWCPF = 1418.12
EFA = 62.37

If we end the day as it stands now, all three closing prices will be below their 10 SMA's. If I was in the market, this would be a stop for me. Since I am not, I have to decide if this is a buying opportunity or is there more downside???

 

[Robo5555]

Thinking along the same as you. Anyone jumping in? If so, S fund? Less than an hour to pull the trigger.

 

[Robo5555]

Might bounce tomorrow. A one day move to get out. Down 1500 in 3 days...opinions?

 

[ravensfan]

Thinking along the same as you. Anyone jumping in? If so, S fund? Less than an hour to pull the trigger.

At this point, I am leaning yes. Rod has been predicting a 10% pullback. Over the past two days, the S Fund was down -1.61% yesterday and down -1.91% on Tuesday. Couple that with today (currently down -4.34%) and that is close to an 8% decline if it holds...In the meantime, the clock is ticking.:nuts:

 

[Rod]

At this point, I am leaning yes. Rod has been predicting a 10% pullback. Over the past two days, the S Fund was down -1.61% yesterday and down -1.91% on Tuesday. Couple that with today (currently down -4.34%) and that is close to an 8% decline if it holds...In the meantime, the clock is ticking.:nuts:

The big question is if this selloff continues into tomorrow. That's the chance you're taking. As of now (1133 EST) the DWCPF is down 8.07% since 9 Jun. It could be headed toward an official correction of at least a 10% decline, as I was expecting Mr. Market to do. At least you'd likely catch it at the tail-end of that, and only sacrifice about 2% if the selloff continues tomorrow. With that said, the upside possibility outweighs the downside, IMHO. If I wasn't transferring my TSP to my TD account, I'd be tempted to IFT into (S) today. But, that's just me. :smile:

 

[rangerray]

For what it's worth, President Trump has tweeted that he disagrees with the Fed and that we're in for a great year! I'm buying the dip today with a 100% transfer to the S Fund and keeping my fingers crossed.

 

[ravensfan]

Thinking along the same as you. Anyone jumping in? If so, S fund? Less than an hour to pull the trigger.

Trigger pulled...IFT submitted.

Good luck everyone!

 

[Whipsaw]

If its a good time to enter, then its likely not a good time to exit...