“This Last Week Has Been About as Wild as I Have Ever Seen”

Jim Rohrbach writes:

This last week has been about as wild as I have ever seen. The market gave us very solid Sell Signals and then it gave us a couple of strong up days. I don’t know what caused the up days. I read that it had something to do with the European actions to reduce debt, but we have been hearing this stuff for over a year now. I listen to Larry Kudlow some times and last night he said he is about to give up on trying to figure out what is going on in Europe. I gave up on trying to figure out the debt crisis. I listen to the RIX [his trend indicator], but I must admit that the wild swings in the RIX are very frustrating. But I will play every Buy and Sell Signal knowing that the market will resolve this whipsaw phase and give us either a major up move or a major decline. I really don’t care which way it goes, as long as the market has a sustained move.

Nice Jim.

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5 thoughts on ““This Last Week Has Been About as Wild as I Have Ever Seen”

  1. This is why I think TFs are poised to do well in the coming months. It really is a coin toss whether there will be a big move up or a big move down so why not have a strategy that does not care which way, so long as there is a trend.

    Sure it could take a while to see this move but a manager who tries to guess which way it will go is just gambling with his clients’ money

  2. Speaking with gambling with clients’ money, has anyone else lost money through their account with MF Global? I got a statement from a new brokerage showing that my account has only 60% of what I had in there. I heard nothing about this anywhere before that and MF Global has filed bankruptcy. Now I know what MF stands for!

  3. Joe,

    After years with MF Global, I left them because their data feed kept going down. That was one month ago.

    Sometimes a guy gets lucky.

    I know that Gerald Celente, the futurist, lost six figures and he’s demanding that he get it back.

    Good luck!

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