Whipsaw's Account Talk

[mmk119]

fingers crossed. but, I don't think we'll see much till beginning of next week. too many reports coming out through Friday this week.

 

[Whipsaw]

.01 behind the S-Fund on the AT! Whoooohooo! :cheesy:

 

[Whipsaw]

it's interesting seeing folks jump in and out of the market on a day like today. I'm probably going to tighten the belt on my sticky pants at this point, don't want to get 'whipsawed' you know... Did somebody say?

 

[Whipsaw]

Q: Can somebody tell me what happened at the end of October that sent the market up? Certainly Halloween didn't scare the bears away! :cheesy: I think I may have asked this once before :blink:

 

[tsptalk]

The Fed - October 31-November 1, 2023 FOMC Meeting

 

[Whipsaw]

Thanks! Don't fight the Fed as they say. I'll have to review more recent Fed utterances to gauge for potential impact.

 

[nasa1974]

it's interesting seeing folks jump in and out of the market on a day like today. I'm probably going to tighten the belt on my sticky pants at this point, don't want to get 'whipsawed' you know... Did somebody say?

Sure glad I bought a case of sticky pants a while back. Going through them a little faster than normal.

 

[Whipsaw]

If this is the extent of the pullback, got a nice little 'buy the dip' today. On to new highs!!

Have a great weekend everyone! :unitedstates::usa2:

uttahere:

 

[Whipsaw]

Ouch! Looked like we were going to recover this afternoon. If we could put in an IFT at any time of the day, like anywhere else on the planet, I would throw in a stop loss move to G right now. ;damnit

 

[Whipsaw]

The hits just keep on coming! Certainly missed the exit at this point. It's getting ugly out there, sports fans! Read 'em and weep! (a few cliches for color). :cheesy: Fixing up some fresh epoxy for the sticky pants! Snap back rally, anyone?? :nuts:

 

[JTH]

The hits just keep on coming! Certainly missed the exit at this point. It's getting ugly out there, sports fans! Read 'em and weep! (a few cliches for color). :cheesy: Fixing up some fresh epoxy for the sticky pants! Snap back rally, anyone?? :nuts:

Maybe we'll get some nice volume on Friday's Options Ex. to put a stamp on this pullback.

 

[nasa1974]

Anyone willing to donate some blood. This market is bleeding me to death. :1244:

 

[rangerray]

Yes, time for a raging SnapBack!


Scott Harrison
Senatobia, MS

 

[Whipsaw]

I've said this before, I'm my own best contrarian indicator - when I'm ready to bail, the bottom is near! :embarrest:

 

[Whipsaw]

The decline is definitely flattening, somewhat surprising considering the unpleasantness overseas. I added the 86 day EMA for color.

S&P 500 Index, SPX Advanced Chart - (S&P US) SPX, S&P 500 Index Stock Price - BigCharts.com

 

[Whipsaw]

Today's candlestick is another doji at the moment.

This is interesting: Go to the chart at the link above, change the timeframe to 1 year and check out the low in mid-August. We may be in a similar setup, as Tom says, the Market doesn't always do the same things, but it can rhyme.

 

[Whipsaw]

My thoughts are to hold position under the assumption (??) that the market will rise out of this low - if it looks to top again, exit.

Of course, whatever the powers that be around the globe decide to do can upend this approach in a heartbeat. :blink:

 

[Whipsaw]

Bad assumption. :notrust: Looking at a stop loss for COB Monday if this continues.

 

[Whipsaw]

I'm really just trying to up my position on the Top Poster's list. :cheesy: :nuts:

 

[Whipsaw]

Seeing signs of life, but also considering this weekly chart, which is pretty ugly. Thoughts?

S&P 500 Index, SPX Advanced Chart - (S&P US) SPX, S&P 500 Index Stock Price - BigCharts.com (marketwatch.com)