Whipsaw's Account Talk

[Whipsaw]

Certainly looks like we're at resistance...

 

[ravensfan]

Certainly looks like we're at resistance...

Good day to be on the lily pad.

 

[Whipsaw]

That said, I want to see the collective result of the depressed economy, the recession, continued rate hikes, overvaluation of stocks, high energy costs, inflation, international instability, fear, and crumby attitudes leading to that tremendous flushing sound and a precipitous falling off of the proverbial cliff! :nuts: I want a good buy in price (read: blood in the streets). :ban:

 

[FireWeatherMet]

Certainly looks like we're at resistance...

Yup, definitely at resistance, a tiny bit above it...but its been over 3 days there, and todays action so far, 2 hrs to close, shows "resistance" to the resistance, with markets well off their early morning lows, and hovering near or just below even.

 

[Whipsaw]

OK, now I'm starting to get annoyed. :suspicious: Have a great weekend anyway!

 

[Whipsaw]

50% S, 50% G COB

 

[Whipsaw]

Lift off! Holy crap! At least I caught half of it. Now what happens? :blink:

 

[nasa1974]

Lift off! Holy crap! At least I caught half of it. Now what happens? :blink:

 

[Whipsaw]

Black swan events aside, the charts look good short, medium and long term, so, throwing the rest in the S-Fund. 100% S COB. :blink:

 

[Whipsaw]

Hmmmm, I may need to diversify. :notrust:

 

[retread]

That's what I decided to do I have a little in everything.

 

[Whipsaw]

S-Fund, you rook MAHVALAS!

 

[Whipsaw]

Futures are down, look like they're trying to recover, do we climb back up to resistance? May be a good day to exit...

 

[nasa1974]

This month has been a rollercoaster ride for sure.

 

[Whipsaw]

Holding, hope I don't regret it. :worried:

Have a great weekend, everyone! A toast to George Washington on his birthday! :usa2::unitedstates:arty::beerchug:

 

[Whipsaw]

Support is holding at the lower trend line. Keep fingers crossed we're back up in a day or two.

 

[Whipsaw]

Ouch! Ok, now the question is Sticky Pants or stop loss... :blink:

 

[felixthecat]

Ouch! Ok, now the question is Sticky Pants or stop loss... :blink:

sell it on dead cat bounce because we got some downside from here until probably April. Unless we get a huge all out panic sell…this will likely stair step down for awhile. FED braking just starting to kick in but the big companies have shown their colors lately cutting employees and tightning their belts for consumer weakness coming. We are skirting a recession and every recession has a big panic gap down before the bull rally begins. Since market is forward looking, the bull will begin in the recession and before bond yields top out. Bond yields on a tear right now…looks like we will test those recent highs. VIX…well the past recessions I looked at had huge spikes in the vix which eventually led into the bull rally. Have not seen it yet so don’t get sucked into the shredder. You can get some huge drops amazingly toward the end.

 

[nasa1974]

Sure hope the rally is sooner than later. :wall:

 

[Whipsaw]

Almost bailed :1244: