Interesting Stock Market Chartist Talk

[Sea Six]

*indices

[Will]

AMZN $1,517
NVDA $185

NVDA's P/E Ratio is down to 26.

[Will]

Twitter

[Jeff '79]

Originally Posted by Will

https://twitter.com/RyanDetrick/stat...76726286471168

That is the most ridiculous indicator that I've ever seen.
The S&P closed down 11% yesterday, from its top.
When I go to cash, this is when I start to feather back in.
I did not go to cash this time, although, I damned well should have.
Timing the market has worked for me very often, so listening to everyone telling me not to time the market, and to just hold, swayed me this time.
Well let me tell you.... I'm totally pissed that I held.
As of the open this morning, I am only up 4%.... That is 16% down from the 20% up that I was at the top.
I could have saved anywhere from 8%-15% by getting the hell out and getting back in at 10% down on the S&P.
October is over tomorrow..... it's time to start going up again.
Oh well.... I'm going to just keep doing what I was doing.

[MrPeabody]

Originally Posted by Jeff '79

That is the most ridiculous indicator that I've ever seen.
The S&P closed down 11% yesterday, from its top.
When I go to cash, this is when I start to feather back in.
I did not go to cash this time, although, I damned well should have.
Timing the market has worked for me very often, so listening to everyone telling me not to time the market, and to just hold, swayed me this time.
Well let me tell you.... I'm totally pissed that I held.
As of the open this morning, I am only up 4%.... That is 16% down from the 20% up that I was at the top.
I could have saved anywhere from 8%-15% by getting the hell out and getting back in at 10% down on the S&P.
October is over tomorrow..... it's time to start going up again.
Oh well.... I'm going to just keep doing what I was doing.

Hindsight always shows a profit.

[Jeff '79]

Originally Posted by MrPeabody

Hindsight always shows a profit.

Sure does....

Look at my post when I said the market is looking a bit long in the tooth, and that the NASDAQ was scaring me. Check the S&P level that day.
THAT is when I would have bailed... Serious as a heart attack.
I have fully disclosed my moves in threads here and anyone who follows what I say and pays attention, knows that I am damned close to calling tops and bottoms. Not always, but 75% of the time I'm really close.
It gauls me to lose that kind of money, even if it is only on paper.

[MrPeabody]

Originally Posted by Jeff '79

Sure does....

Look at my post when I said the market is looking a bit long in the tooth, and that the NASDAQ was scaring me. Check the S&P level that day.
THAT is when I would have bailed... Serious as a heart attack.
I have fully disclosed my moves in threads here and anyone who follows what I say and pays attention, knows that I am damned close to calling tops and bottoms. Not always, but 75% of the time I'm really close.
It gauls me to lose that kind of money, even if it is only on paper.

You haven't lost any money unless you sell.

I'm not involved in the market at all, too old and not rich enough to take any risks. Besides, I used up all of my good luck in the Stock Market. When my wife and I were going to buy our first house together, we cashed out and put all the money toward the purchase. By pure dumb luck, it was just a few days before the tech bubble burst.

[Jeff '79]

Originally Posted by MrPeabody

You haven't lost any money unless you sell.

I'm not involved in the market at all, too old and not rich enough to take any risks. Besides, I used up all of my good luck in the Stock Market. When my wife and I were going to buy our first house together, we cashed out and put all the money toward the purchase. By pure dumb luck, it was just a few days before the tech bubble burst.

Ahhh, the tech bubble.
That is where I cut my teeth.
I learned a lot , made a lot, and lost a little. Those were great trading days.
I was trading stocks at that time.

[Will]

Selling my AAPL shares before earnings turned out to be an intelligent* move.

*Sheer dumb luck

[Jeff '79]

Originally Posted by Jeff '79

2767 on the S&P is where we need to close above today in order for the downness to stop.

Polar Bear.... How is that put/call ratio indicator that you use looking ?

Again....

S&P 2767 looms technically large.
If the S&P can close above that today, it will have erased 2 weeks of pain and be ready for the next leg up.
As I said the NASDAQ was scaring me prior to the correction, it is now comforting me. It is leading the recovery.

[Rob]

Past few weeks have sucked...luckily past couple days I have recovered a nice % and hopefully see things move back to where they were ~month ago.

Really wish I had some extra $$ to throw at some stocks while they are on sale.

[Will]

Twitter

You know what this means boys and girls.



BUY BUY BUY BUY BUY

November 1st 2011 CNBC Mad Money Jim Cramer Stock Market Buy! Buy! Buy! - YouTube

[Jeff '79]

Originally Posted by Will

https://twitter.com/zerohedge/status...18810233552902

You know what this means boys and girls.



BUY BUY BUY BUY BUY

November 1st 2011 CNBC Mad Money Jim Cramer Stock Market Buy! Buy! Buy! - YouTube

Like clockwork.

[DAB]

i liked yesterday. that was a good day. lets do that a few more times before year's end.

[Jeff '79]

Originally Posted by polarbear

Commercials are long by a margin of about 3:1. nothing to worry about there.

https://www.cftc.gov/dea/futures/financial_lf.htm

You will really be missed here Ernie / Polar Bear.
Damn man. I can't believe that you're gone....

[Will]

NVDA



I sold half my position at $215. It killed me to do it, but in hindsight I should have been more aggressive. Just took one hell of a haircut on the remaining shares.

Still a big believer in this company over the next 2 decades, but in the short term, semiconductor sector holocaust has been pretty obvious for a while now. Was hoping for a miracle today even though I sold half, but none materialized. Just another bloodbath.

[Will]

Twitter

[Will]

Hmmm....

I don't like what happened today at all.

The Fed blinked, markets rallied.

I sold into the rally and increased my cash position.

If the economy is so great, why did Powell go from hyper bullish and we need plenty more rate hikes to one and wait???

I hope I'm just being led astray by my bearish nature and we really have bottomed. I'd rather put my cash allocation to work late than see a crash.

But things don't look so hot with the auto numbers, the housing numbers, and now this.

Powell has been parroting over and over again how clear the skies are and how we're no where near neutral and will be hiking again and again and again. Now suddenly he panics WELL before rates are normalized.

I view it as a sign that the Fed Chair and the Fed have now acknowledged something - there's a problem.

[DAB]

i invested a mess last friday (mutual funds, priced at end of the day). it looks like that was as really good day to do that.

[Will]

Twitter