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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: stuffbug who wrote (16332)	12/12/2014 10:38:39 PM
From: Davy Crockett	Respond to of 33421

Hi stuffbug, Thanks! XIV does look like a great product to trade when Bulls are in control. I'm not familiar with the product so I really appreciate you taking the time to point that out to me. I have added it to my long watch portfolio... so when the trend changes I'll have that chart in front of me. Regarding the sell 1/3rd stuff. (sorry no pun intended - I luv your alias), since I'm playing with funds that are in the fire so to speak, I prefer to let my winners win and my losers... I try to cut them out when the trade goes against me. Playing with 3x long/short ETF's you need a wide ranging stop. Otherwise between the commission slippage & the volatility of these things you will always, always get kicked out. I play with mental stops and so far since these things have been invented it has kept me in the game - not quite true... ((well... there was one time back in 2010 I think... where I almost lost my entire load playing with this stuff... I was wrestling with some mental issues & I just walked away from the stock market unfortunately I was holding 3x loaded ETF's... in one of my trading (short-term stuff) portfolios)) I was gone for two or three years... Message 26556845 Message 29189285 Anyway, I don't mind sharing anymore. If I can help just one person that would make me happy. Probably way too much personal information here for what is supposed to be John's thread re: TA & Global issues board. The game of speculation is the most uniformly fascinating game in the world. But it is not a game for the stupid, the mentally lazy, the person of inferior emotional balance, or the get-rich-quick adventurer. They will die poor Jesse Livermore

To: stuffbug who wrote (16332)	12/13/2014 12:24:10 AM
From: Davy Crockett	2 Recommendations Recommended By roguedolphin stuffbug Read Replies (2) \| Respond to of 33421

SPY weekly (gulp)! Nasty candle! Next week (and the next few weeks) will determine make or break time. SPY sitting on some support here. Methinks early next week we have shorts covering & then more down to at least 1980ish or so and a lot more down from there... when that fails. BWTHDIK Just remember December is in terms of seasonal analysis (the best month of the year) which a lot of TA technicians depend on (not me) and hang their hat on. The failure of December to confirm or to go to new highs should be of real concern to anybody who has even a latent view of the market. The fact that December (so far) is so weak should be of real concern to anybody who follows the market. As they say, if this bleeds into January that will set the tone for next year. So be Short, or be in cash. Don't buy GOLD and don't be fooled. Wait until the market tells you... OIL will continue to go down, commodities with it. GOLD will be okay in the long run... In other words, the Santa rally should be real, should be happening and the fact it is not is (for me) a real level of concern. So I'm short the markets & will continue to be... I don't think Santa is going to come this year :( to the masses. Me? I'll take whatever I can get. I'm that greedy (sorry I'm not supposed to say that right?)