XL-entLady's Account Talk

Status
Not open for further replies.
Sort by newest Sort by date
Squale, thanks for your visit - I'm honored! While I have a minute today, I looked at my favorite financial sites and found some things I wanted to share with you all. Birch, you'll love this one. :cheesy:

Decisionpoint's Carl Swenlin is always a favorite of mine. Here are some excepts from his July 17, 2009, column:

"...The concern at this point, "Is the breakout really just a blowoff?" The June top has not yet been exceeded, volume on the breakout was unimpressive, and short-term indicators are very overbought. ... as usual we are left to decide if it is an initiation climax or an exhaustion climax (blowoff). My opinion is that it is an initiation climax, because it has occurred after a price consolidation, rather than at the top of an advance. Also, most medium-term indicators are not overbought. ...

...Bottom Line: The violation of the head and shoulders neckline has proven to be a bear trap, and my opinion is that the rally from the March lows is resuming. My upside price target is about 1200 on the S&P 500. I have to say that this doesn't make any sense considering what I think I know about the economy, which is why I try to ignore fundamentals in favor of the charts. "

http://www.decisionpoint.com/ChartSpotliteFiles/090717_rr.html

Lady
 
Another one of my favorite financial blogs is Jeff Pietch's ETF Rewind. Before the week starts and I don't have the time or energy to post again, I thought I'd share parts of the very interesting post he did on 7/19/09. I highly recommend his blog.

"

(Click Image to Enlarge/ Glossary)
...The Relative Strength Index charts have little meaning this week due to Thursday's corrupt closing ticks. I have therefore instead posted an update to the "Most Analogous Historical Epochs Projection" series. I find the results interesting since the 25-week look-back period contains the entirety of the steepest portions of both the plunge and recovery.

Note that all five analogous projections suggest at least a mild retracement next week followed by a summer trading range bound by SPX 880 and 1,010. Well, it's good eye candy at the very least.

"
http://marketrewind.blogspot.com/

Hope you found that blog post as interesting as I did. I'll be around the MB this week, just probably not posting much. Everyone, have a good productive week! :)

Lady
 
"The Divine Light that is in us all

shines so brightly in him. I'll pray for his peace.

Lady"


Lady,
Sometimes someone will say something that really stands out and you dwell on it over and over.

The Divine Light that is in us all

I went to bed and fell asleep pondering on this and the more I thought about it the more I realized how that is deep down the basis of why I do love everyone the way I do....

You're right and it makes no difference who you are that is something only death can take away - but for many that is where the 'real life' begins.

Anyway THANK YOU for sharing that.
 
Some of my favorite blurbs from my weekend reading:

Carl Swenlin on 7/24/09: "Bottom Line: After a few months of consolidation, the bulls seized control of the market and drove prices up through some major resistance levels. At this time the market is modestly overbought short- to medium-term. I do not expect this to be a problem for the rally, which I believe will continue for a period of weeks. "

http://www.decisionpoint.com/ChartSpotliteFiles/090724_bt.html

And another favorite from Jeff Pietsch's ETF Rewind:


(Click Image to Enlarge/ Glossary)

http://marketrewind.blogspot.com/

This is Lady speaking again. On the Market Rewind chart, note that in the 10 month return ratings, our C Fund (SPY) is rated tenth, our S Fund (IWM) is rated eighth, and our I Fund ( EFA) is rated fifth. And the US dollar is rated last of the 28 ETFs he monitors.

Lady
 
Beyond a wholesome discipline, be gentle with yourself. You are a child of the universe... And whether or not it is clear to you, no doubt the universe is unfolding as it should. - Max Ehrmann

Not an exact quote..but the parts I like.:)
 
Yes, Frixxxx, my part time gig has turned into much more than that until I can fix some of the snarls that occurred while I wasn't working. I'm going to cut back on hours once those problems are fixed. After all, what are they going to do, retire me? :rolleyes:

And thanks for visiting folks, I'm still here, I promise, I just don't have a lot of time to post right now.

L2R, it's wonderful to see you again! Yes Erhmann's Desiderata was written almost a hundred years ago and it's still one of my favorite pieces ever. For those of you who are unfamiliar with it, here it is in it's entirety:

desiderata - by max ehrmann

"Go placidly amid the noise and haste, and remember what peace there may be in silence.

As far as possible, without surrender, be on good terms with all persons. Speak your truth quietly and clearly; and listen to others, even to the dull and the ignorant, they too have their story. Avoid loud and aggressive persons, they are vexations to the spirit.


If you compare yourself with others, you may become vain and bitter; for always there will be greater and lesser persons than yourself. Enjoy your achievements as well as your plans. Keep interested in your own career, however humble; it is a real possession in the changing fortunes of time.

Exercise caution in your business affairs, for the world is full of trickery. But let this not blind you to what virtue there is; many persons strive for high ideals, and everywhere life is full of heroism. Be yourself. Especially, do not feign affection. Neither be cynical about love, for in the face of all aridity and disenchantment it is perennial as the grass.

Take kindly to the counsel of the years, gracefully surrendering the things of youth. Nurture strength of spirit to shield you in sudden misfortune. But do not distress yourself with imaginings. Many fears are born of fatigue and loneliness.

Beyond a wholesome discipline, be gentle with yourself. You are a child of the universe, no less than the trees and the stars; you have a right to be here. And whether or not it is clear to you, no doubt the universe is unfolding as it should.

Therefore be at peace with God, whatever you conceive Him [or Her] to be, and whatever your labors and aspirations, in the noisy confusion of life, keep peace in your soul.

With all its sham, drudgery and broken dreams, it is still a beautiful world.
Be cheerful. Strive to be happy."

--Max Ehrmann c.1920


Lady
 
It's beautiful Lady as long as it's authenic

Something like that can only be 'authenic' if it's lived and the more it is lived the more 'authenic' it becomes.

That is what truely seperates 'us' from 'them' for it's learning the true meaning of life and all that life offers.
 
Just a quick note to say that I'm going to make an IFT after noon EDT today (so that it will be an August IFT). I know that fundamentals still look poor and that everyone says we're due for a pullback. But the charts still look strong. And the stimulus money is starting to hit mainstreet.

So I'm going to be 25% C, 37% S, 38% I by COB on Monday.

Have a great weekend, everyone, and now I'd better get my nose back to the grindstone!

Lady
 
Good to see you around my fair XLentLady :)

This market's strength doesn't want to die, I just wish buyers would give us a decent pullback, but so far it just hasn't happened.
 
Thank you, J!

And I did it. I had 40% in G, but as of COB today I'm going all in. 26% C and 37% each in S and I.

Now we'll see how sorry I'm going to be ....

Lady
 
Birch, always a pleasure ;), and L2R, I can't tell you how glad I am to see you here again! :D:D

I'm thinking that small caps may be more nimble and that the falling dollar will make foreign stocks move up faster, so I'm more heavily weighted to the S and I funds. We'll see if that is the case.

Lady
 
Status
Not open for further replies.

Similar threads

tsptalk
  • Article Article
TSP Talk - Was Friday's big gains the start of the Santa rally, or just a fake out?
Replies
0
Views
118
tsptalk
tsptalk
tsptalk
  • Article Article
TSP Talk - The bears are starting to growl
Replies
0
Views
122
tsptalk
tsptalk
tsptalk
  • Article Article
TSP Talk - Stocks lose steam late but still post solid gains
Replies
0
Views
142
tsptalk
tsptalk
tsptalk
  • Article Article
TSP Talk - Stocks bounce back as bitcoin revisits $100K
Replies
0
Views
100
tsptalk
tsptalk
tsptalk
  • Article Article
TSP Talk - Some cracks forming as yields stay elevated
Replies
0
Views
71
tsptalk
tsptalk
Back
Top