Wiff007's Account Talk

[FogSailing]

No question that we were all expecting an earlier rally and bounce. This month has all been about timing (not to mention 5th waves, Chi-Com's, and Donald Trump) but my timing has not aligned with market reality. I agree we're now looking at a continued rounded top. Decided to move back to seasonality even though I know I'll take a few licks until the market heads south (G-75%, F-25% : probably through September).

FS

 

[Wiff007]

Well seems sorta a sluggish day lol, will stay as is; hope Monday brings big gains.

 

[ravensfan]

Well seems sorta a sluggish day lol, will stay as is; hope Monday brings big gains.

Sluggish yes. But a gain is a gain and I'll take that any day...

 

[Wiff007]

Evening

Well was a great day it seems. Now hopefully we build again tomorrow, could we have three green days lol would be nice

Now questions I wonder is how long to stay like this before running back to G or being less risky. I am hoping to hold out till Friday or Monday.

Appears the Fed are releasing a statement Wednesday so a part of me wonders if tomorrow should be my last day being risky cause I don't want to lose the gains if the fed release another statement that scares the market. Will see what tomorrow brings.

 

[ravensfan]

Evening

Well was a great day it seems. Now hopefully we build again tomorrow, could we have three green days lol would be nice

Now questions I wonder is how long to stay like this before running back to G or being less risky. I am hoping to hold out till Friday or Monday.

Appears the Fed are releasing a statement Wednesday so a part of me wonders if tomorrow should be my last day being risky cause I don't want to lose the gains if the fed release another statement that scares the market. Will see what tomorrow brings.

My indicators tell me to stay in for now. The only thing that has me concerned are that the bollenger bands on the S&P 500 (C Fund) are beginning to narrow. Typically that indicates something big is about to happen. Question is in which direction will it go.? Do we go up and take out the old high of 2130.82 or do we pull back to the 2050ish area...Only time will tell.

 

[Wiff007]

Hmmm do market is trying for gains? Good sign? Pondering if I still should IFT today. Hasn't each month the fed has released something caused the market to be sorta stale? Decisions...decisions

 

[ravensfan]

Hmmm do market is trying for gains? Good sign? Pondering if I still should IFT today. Hasn't each month the fed has released something caused the market to be sorta stale? Decisions...decisions

With todays better than expected "housing starts" news, I was hoping for turn around Tuesday to stick to the script, but unfortunately I ended up giving back about half of yesterdays gains....:blink: Oh well, we'll give em hell tomorrow!!! Still not seeing any reason to head to safety...:smile:

 

[Wiff007]

Happy Fed Minute Day "cue suspenseful music" lol

 

[Wiff007]

Well what a great day hopefully we rebound in afternoon and tomorrow. Will probably bail tomorrow if Feds scare the markets.

 

[Wiff007]

Well this day is going great too lol . Hope we rebound tomorrow to end the week good. Trying to hang in there till early next week. Probably go G early next week and sit there. I should have got out a few days ago. Darn it

 

[ravensfan]

Well this day is going great too lol . Hope we rebound tomorrow to end the week good. Trying to hang in there till early next week. Probably go G early next week and sit there. I should have got out a few days ago. Darn it

Well if it's any consolation, the top 25 on the Auto Tracker (the so called smart money) are standing pat.

 

[Wiff007]

Lol true.

You know September I am really thinking of just sitting on the side the whole month. My worry is if they raise those rates that the market will skyrocket lol would be my luck lol.

 

[Wiff007]

I also wonder if the Greece breaking news will help or hurt

 

[Wiff007]

Looks like another bumpy start today now I have to decide if I want to IFT next week in G or stay as is for one other day. About ready to lick my wounds and hide out till October.

 

[Wiff007]

Well couldn't decide what to do . Too scared to go all G fund cause I didn't want to miss the rebound Monday (hopefully) I felt if I got out I would be "selling low" at the same time I'm afraid to stay in too much longer lol. My goal has been to try to stick it out till next Tuesday. Right now still staying as is. Sometimes I wish I would try the L funds out for say a year so I didn't have to stress about this and see what happens. However it is days like the last few which make me weary of them. Sigh hopefully next week will be better, I just want one day or two for stocks to go up then I will check out to G fund lol. And another thing lol, I wish we wouldn't get so scared in the market over overseas issues. Seems to me if we ignored them then maybe stocks would go up more. Okay I'm done lol.

 

[Wiff007]

Well Dow is down 360 points, figure if it drops to 400 points, we got to have some kind of relief rally next week

 

[Wiff007]

We'll what a week, anyone feeling like Monday we get a rebound and then bailing to G? Really thinking of staying out till this's is all resolved.

 

[DreamboatAnnie]

We'll what a week, anyone feeling like Monday we get a rebound and then bailing to G? Really thinking of staying out till this's is all resolved.

Hi Whiff.... I plan to only be in a couple days in hopes of a bounce. So I am looking to exit by Tuesday/Wednesday at most (got in 65% today), unless we get a great bounce each day...but even then will likely get out. That is because we have been in downtrend for some time now ...per the weekly/monthly charts. Markets have been very volatile and we just are not getting extended (i.e. 12-20 day) uptrends like we used to and I do not expect it.

Not sure anyone really knows if it will bounce up on Monday, but I certainly hope so!! So if we get a good bounce Monday, I may exit then....humm...and if its a serious down day I may exit and take loss, and wait to play again in September.

Well keep your chin up!! Best wishes to you and everyone!!! :smile:

P.S. Very important to decide on a stop loss point and stick to it. This market could drop much more, so a stop will help. I'm still thinking about my stop point but will decide by Sunday to have a plan....not that I will stick to it but wll try! That is the hard part!

 

[Wiff007]

Hi Whiff.... I plan to only be in a couple days in hopes of a bounce. So I am looking to exit by Tuesday/Wednesday at most (got in 65% today), unless we get a great bounce each day...but even then will likely get out. That is because we have been in downtrend for some time now ...per the weekly/monthly charts. Markets have been very volatile and we just are not getting extended (i.e. 12-20 day) uptrends like we used to and I do not expect it.

Not sure anyone really knows if it will bounce up on Monday, but I certainly hope so!! So if we get a good bounce Monday, I may exit then....humm...and if its a serious down day I may exit and take loss, and wait to play again in September.

Well keep your chin up!! Best wishes to you and everyone!!! :smile:

P.S. Very important to decide on a stop loss point and stick to it. This market could drop much more, so a stop will help. I'm still thinking about my stop point but will decide by Sunday to have a plan....not that I will stick to it but wll try! That is the hard part!

Lol I had a stop loss amount lol. But with market tanking I thought I would catch a nice bounce. I stayed in to late, I learned my lesson. Monday or Tuesday is my day to get out too. Good luck to you, I know I'm not the only one who took losses the last few days, wish I would have got out but those the breaks. Good on those that did bail earlier in the week. But with the market down like 200/300+ for back to back days I'm sure others though they could get a nice bounce too. Stinks that when I decide to get risky the market flops lol. Good luck to everyone Monday, I guess Sunday night will know how the oversea markets look like.

 

[nnuut]

Yep I've been there more than once, the 911 crash killed me, back then we only could move one time a month and I got out at the bottom and had to wait a Month to get back in, I lost over $10,000 dollars. A learning experience, if you are down that much just hold it will come back slowly and sometimes rather quickly.