XL-entLady's Account Talk

[XL-entLady]

Article of the morning:

"...There are two conditions to watch when New Lows are less than 50 in order to perceive any "stick-able" bullish attributes. First, if the New Lows are small in numbers AND the New Highs are remaining low in numbers, then their counts are nullifying each other. New Highs must be increasing for a bullish condition to be growing. Second, watch the Relative Strength level on the on the S&P 500. On most scales, a RSI with a level of 50 is neutral. On our C-RSI indicator, 0 is neutral because we zero based it. (Be sure the Relative Strength is set at 30 days.)

So, what did we have for a Relative Strength reading last Friday?
We had a NEGATIVE reading ... and we have had Negative reading since last September.​

So the message from this little exercise is, that in spite of all the buzz about the bail out package, the market is not happy or bullish yet. The market is looking for more than it is seeing in economic conditions."​

http://stocktiming.com/Monday-DailyMarketUpdate.htm

Lady

 

[CountryBoy]

Great strategy! We are in a bear market until proven otherwise...and "otherwise" is not in sight based on fundamentals.

Yeha I couldn't believe how much cheerleading Cramer did on Friday. I don't think the bottom is in yet and although I hate to lose out on these upswings, I feel they are artificial and cause by outside forces, ie Gov't Stimulus package. I mean the unemployment rate goes higher than estimate and the market goes wild. What's that about.

I may be nuts and somewhat of a conspiracy theory nut, but I just have a feeling that the smart money is just getting ready to fleece the dumb money as they get caught up in all the hype..... or then it could be the bottom. :nuts:

CB

 

[XL-entLady]

Nope ... not today!

I had an IFT in to put about 20% into CS but I cancelled it. Not enough pullback yet. If I had more IFTs I'd still have done a quick in and out.

But I think there will be a better entry later in the month. Still sitting in the G Garage.

Lady

 

[budnipper1]

I'm trying to decide how many days this rally is going to be good for before it starts to tank. And it will tank. All my reading over the weekend didn't help because folks out there are about evenly divided, and they all have detailed reasons why we absolutely will go up. Or absolutely will go down. :blink:
I may decide to lean on my most recent indicator: I've joined the ranks of the "Cramer Contrarian" camp. If Jim Cramer says black then I do white. So far it's working more often that not. :laugh:
Lady

Yeha I couldn't believe how much cheerleading Cramer did on Friday. I don't think the bottom is in yet and although I hate to lose out on these upswings, I feel they are artificial and cause by outside forces, ie Gov't Stimulus package. I mean the unemployment rate goes higher than estimate and the market goes wild. What's that about???
I may be nuts and somewhat of a conspiracy theory nut, but I just have a feeling that the smart money is just getting ready to fleece the dumb money as they get caught up in all the hype..... or then it could be the bottom. :nuts: CB

I think the Cramer Contrarian play would be just as good, or maybe better, than any other method. I'm also beginning to think that the more I listen to the "experts" theories and forecasts, the less confident I am that they even have a clue about anything at all. I guess you could call that my "conspiracy theory". I feel just like Bill Murray felt in "Groundhog Day". Same thing, over and over. Same with Washington politics, too. Same old, same old. More contagious hype. While everybody's looking for things to get better, there is always some guy who says he knows how to fix it all, or at least claims to know what broke it. I've thrown in the towel and gave up on the idea that anybody has enough power, or knowledge, to straighten out this mess. I hope somebody will prove me wrong.
​

 

[XL-entLady]

...I may be nuts and somewhat of a conspiracy theory nut....
CB

Yep, CB, I know the breed well. I live with one of those! :laugh:

Take care my friend!
Lady

 

[XL-entLady]

I think the Cramer Contrarian play would be just as good, or maybe better, than any other method.​

​

Yea, Corepuncher too I think. There seem to be more and more of us in this camp. :laugh:

Lady

 

[justbizness45]

Re: Nope ... not today!

I had an IFT in to put about 20% into CS but I cancelled it. Not enough pullback yet. If I had more IFTs I'd still have done a quick in and out.

But I think there will be a better entry later in the month. Still sitting in the G Garage.

Lady

Went in for a quick in and out. Looking at indicators but I may regret not looking closer at the politics. I jumped the middle of a potential sell the news senario. Oh well, I decided to take emotion out of my trades and may have did myself in anyway. :embarrest: Having lots of emotion and doubt after the fact tho. Wish me luck.

 

[XL-entLady]

Re: Nope ... not today!

Went in for a quick in and out. Looking at indicators but I may regret not looking closer at the politics. I jumped the middle of a potential sell the news senario. Oh well, I decided to take emotion out of my trades and may have did myself in anyway. :embarrest: Having lots of emotion and doubt after the fact tho. Wish me luck.

You got it! Good luck, JB45!

Today when I cancelled my IFT I was thinking of Jesse Livermore: “It never was my thinking that made the big money for me. It always was my sitting.” :cheesy:

 

[justbizness45]

Re: Nope ... not today!

you got it! Good luck, jb45!

Today when i cancelled my ift i was thinking of jesse livermore: “it never was my thinking that made the big money for me. It always was my sitting.” :cheesy:

Now she tells me!!

 

[Steadygain]

Re: Nope ... not today!

Still sitting in the G Garage.

Lady

Lady,
You have such a neat way of putting things.

That's exactly how it feels - we can't go forward

...but at least we can't fall back


I think we're hoping for the same thing... a MAJOR DIVE DOWN... with news from the top letting everyone know the swirling cycle into the abyss has gone too far 'FOR A QUICK FIX' - and things will undoubtedly get worse. Then the garage will feel like a movie theater as we watch the Markets tumble - and when the big crash occurs - we go forward. :nuts:

 

[tsptalk]

Re: Nope ... not today!

Still sitting in the G Garage.

That's a good way to put it. We need a bear fund, like the ETF's SH or SDS. We need another way to try to make money during bear markets, rather than just trying not to lose money - or trying to catch bear market rallies, which can be dangerous. Who knows how long we will be stuck in this quagmire? As far as saving for retiremnt, the G fund rate isn't going to cut it.

 

[XL-entLady]

Looks like today may be the pullback that I've been looking for. Or the beginning of a dive ....

I'm going to test the waters by moving 20% of my TSP out of the G Garage into CSI, and I'll hedge by moving another 8% into F. COB today I'll be 70% C, 8% F, 8% C, 10% S, and 4% I.

Lady

 

[CountryBoy]

Looks like today may be the pullback that I've been looking for. Or the beginning of a dive ....

I'm going to test the waters by moving 20% of my TSP out of the G Garage into CSI, and I'll hedge by moving another 8% into F. COB today I'll be 70% C, 8% F, 8% C, 10% S, and 4% I.

Lady

Good Luck Lady,

I thought about it, but I keep getting disconnect, so I'll keep my TSP in the Garage another day. Maybe the disconnection will be a blessing in disguise.

CB

 

[CapeChem]

I moved yesterday 60G 15C 15S and 10I.....Was hoping for todays fall yesterday.....There is always the hope of a 3;00 rally for me.....I know you wouldn't like that though....good luck to both of us.

 

[nasa1974]

Lady, Just wanted to say HI...

Made two small moves yesterday and today. Missed last weeks rally. Now I have my self set up to play the <1% game :laugh:. Have a good day.

 

[XL-entLady]

Yeah, CB, that disconnect could be a real blessing in disguise! And CapeChem and JB45, good wishes on already being in .... I think .... :laugh:

Lady

 

[Steadygain]

Looks like today may be the pullback that I've been looking for. Or the beginning of a dive ....

TSP out of the G Garage into CSI

Lady

GL Lady - I hope you the best.

The dive is looking more and more beautiful


I missed the deadline - but 'another day - another dollar'

Steady

 

[XL-entLady]

Lady, Just wanted to say HI...

Made two small moves yesterday and today. Missed last weeks rally. Now I have my self set up to play the <1% game :laugh:. Have a good day.

So hi back, my friend! Good luck with the <1% moves, and let us know how they work out for you, okay?

Lady

 

[XL-entLady]

I'm looking for a short bounce and then a lower leg down. Problem is, so is everyone else. That means that the bounce is probably going to be really short and then we go lower so quickly that I can't get moved back out with the IFT lag time. Darned restrictions!

Wish I had the latitude in my big TSP account that I have in my bitty EFT account. I could make some real $!

Oh well, as my grandpa would say, if wishes were fishes we would all have a fry! :laugh:

Lady

 

[Steadygain]

I'm looking for a short bounce and then a lower leg down. Problem is, so is everyone else.

I'm hoping for the same thing (fingers crossed) as we're still basically where we've been. It would seem a down turn would have to be the next play - but who knows...

That means that the bounce is probably going to be really short and then we go lower so quickly that I can't get moved back out with the IFT lag time. Darned restrictions!

I couldn't agree more We're essentially left with only ONE option and that is to wait for the monthly low.....and hope we go in on the biggest fall. Like Tom said yesterday - it's hard to make money in this kind of Market and always a 'risk' trying to catch a bounce.

But I see no other choice - other than B&H (and forgive me for even putting those initials in your home) :embarrest:

Wish I had the latitude in my big TSP account that I have in my bitty EFT account. I could make some real $!

Oh well, as my grandpa would say, if wishes were fishes we would all have a fry! :laugh:

Lady

Your grandpa sounds wonderful ! Have a good day Lady

Steady