Interim Update Aug 17-19, 2022

[Yodean]

I have a long standing debate with my attorney brother. As an engineer, we take known and assumed information and formulate a solution. As an attorney, they take one piece of data from many sources and create mulitple outcomes. It's what makes the world go around ...

Yep. To some extent my level of happiness is inversely correlated to the frequency with which I have to deal with attorneys, accountants, and government officials, in general.

But $$$ makes the world go around ...

[SOL]

In the recent MU update, its mentioned that risktakers can consider adding to their long positions when theres a pullback in the Dow of 500-700 points.

Just wanted to be clear on the meaning of a "pullback" here. Are we looking at it in a single day or across a larger range of days/weeks?
- eg. Dow dropped 300+ points today so i wont consider that to be valid
- however if i look across this week itself, it has already dropped 570+ points when compared to the highest point, after some up-and-down volatility. Would this still be considered a "pullback"?

It has to be a cumulative drop. So let's say the market dropped 400 points on Monday, Rallied 300 points on Tuesday, dropped another 100 points on Wednesday, on Thursday it tacked on 50 and on Friday, it shed 200. The total loss would be 350, so you would still be 150 points shy of the bare minimum needed to trigger a buy

I take it for a "pullback" that Sol is talking the close of the day figures and is saying it is cumulative - but when does one start ? is he suggesting restart the count from zero every Monday and count thru close of mkts Friday. Again where is the clarity and this even in "market Updates" where some think clarity will magically appear.

I was providing xkosmox with some clarification on how to use the information and how he could determine what would represent a 500 to 700-point pullback. It was specific to him. When I answer an individual, I don't look at every possible way another person might interpret that answer. If I did that, I would have to answer like a lawyer and provide so many variants that, in the end, no one, including I, would understand which option to follow.

Generally, one should reference the last update before considering the new comments posted here, especially if they are in response to a question. So, in this case, the last update was sent out on Aug 9, so between then and now, if the Dow shed 500 to 700 points, only risk takers should consider deploying funds into long positions of their choice. The rest should stick to the plays issued in the Market update. I hope that helps clarify things.

[LoriPrecisely]

As constantly criticizing someone is not going to help, especially when it appears you are the lone wolf having issues with understanding what is being discussed.

I don't believe Centeron631 is the 'lone wolf' on this forum.
There have been other people asking for clarification at times, myself included.

I don't see what the problem is for someone to ask for clarification.
Isn't that one of the reasons for a forum?
To facilitate communication and understanding and learning?
Anyone can chime in to answer the question.
Everyone's voice is important.

[bpcw]

As constantly criticizing someone is not going to help, especially when it appears you are the lone wolf having issues with understanding what is being discussed.

I don't believe Centeron631 is the 'lone wolf' on this forum.
There have been other people asking for clarification at times, myself included.

I don't see what the problem is for someone to ask for clarification.
Isn't that one of the reasons for a forum?
To facilitate communication and understanding and learning?
Anyone can chime in to answer the question.
Everyone's voice is important.

I have been one whose asked for clarity and will continue to do so, I don't think anyone would disagree with that.

Whether comments are perceived as criticism or just clarification is down to the wording and also the one perceiving, to me it came across as frustration and therefore negative.

I am beginning to understand what TI can do for me and what it can't. It is multi layered and we have to determine how it can help us as an individual. For example, we could decide that we find it to confusing all the general commentary on the markets and just go with the specific trades, or we can digest everything and determine our own individual strategy.

TI is not perfect, they are not God, and won't be able to communicate every specific detail to the nth degree for me personally.

I also think that part of the issue and this refers to me at one point that everything can appear rosy in a nice bull market phase and understanding every detail doesn't seem that important but in a bear market that has been as difficult as this one, fear and stress can mean that we're trying to hang off every comment and make sure we understand it in such precise detail that we can almost never be satisfied with the level of clarity.

I am going to ask for clarity on updates where I'm unsure but try and do it respectfully and calmly in the understanding that TI is a pretty damn good service at a budget price.

[jonnyfrank]

There are no dumb questions, just dumb answers, or dumb people who don't ask questions. I support the questions, for what it is worth.

[SOL]

Here are some simple things to keep in mind. While asking questions is fine; let's try to keep these things in mind.


1) Don't assume that answer is for everyone when I respond to a specific question. It's directed at the person that asked the question. If you don't understand the answer, ask the person that asked the question for clarification if he or she indicates they understood the answer. Furthermore, remember that the answer was never meant for you, so if I or someone bothers to provide more details, fine; if not, such is life

2) Let's all try to be civil. For example, "tobeornot" could have been a tad bit more diplomatic in his response. So let's be a bit more considerate when asking and when responding to a question. Be an observer; remove the emotion from the equation. The best way to do this is to write an answer, read it and then ask yourself would you like someone to respond to you in that manner

3) Regarding bonus (unofficial and higher risk) trades: If you don't understand the nuances of the trade, avoid them. Don't ask questions for the sake of asking questions when you are not mentally ready to take part in these types of trades. There is a reason the trade is unofficial, or the term only for traders willing to take a risk is used. I don't want to have to explain the details of those trades. Why? For one, I don't want to add to my workload, I already have enough on my plate. I don't mind discussing official trades. These are bonus trades, so only those that understand them and are willing to do the extra work when necessary should take part in them. Otherwise, one of the solutions would be to simply stop issuing unofficial trades.


I think if everyone follows those simple guidelines, it will help simplify everything.

Ok, so what do you guys think? Am I asking for too much?

[scott]

Ok, so what do you guys think? Am I asking for too much?

You have to ask?

[SOL]

Ok, so what do you guys think? Am I asking for too much?

You have to ask?

Well, I am trying to be nice, take advantage while it lasts

[bpcw]

Ok, so what do you guys think? Am I asking for too much?

You have to ask?

Well, I am trying to be nice, take advantage while it lasts

I think you're a mean, horrible person and should hang your head in shame for asking such dastardly things Sol!

[MarkD]

https://imgur.com/a/SXcSm3q

[MarkD]

https://youtu.be/v5CK-QAaaKc

[SOL]

You have to ask?

Well, I am trying to be nice, take advantage while it lasts

I think you're a mean, horrible person and should hang your head in shame for asking such dastardly things Sol!

So in essence you are saying you agree with my assessment

[bpcw]

Well, I am trying to be nice, take advantage while it lasts

I think you're a mean, horrible person and should hang your head in shame for asking such dastardly things Sol!

So in essence you are saying you agree with my assessment

Spot on!

[deepthinker]

Here are some simple things to keep in mind. While asking questions is fine; let's try to keep these things in mind.


1) Don't assume that answer is for everyone when I respond to a specific question. It's directed at the person that asked the question. If you don't understand the answer, ask the person that asked the question for clarification if he or she indicates they understood the answer. Furthermore, remember that the answer was never meant for you, so if I or someone bothers to provide more details, fine; if not, such is life

2) Let's all try to be civil. For example, "tobeornot" could have been a tad bit more diplomatic in his response. So let's be a bit more considerate when asking and when responding to a question. Be an observer; remove the emotion from the equation. The best way to do this is to write an answer, read it and then ask yourself would you like someone to respond to you in that manner

3) Regarding bonus (unofficial and higher risk) trades: If you don't understand the nuances of the trade, avoid them. Don't ask questions for the sake of asking questions when you are not mentally ready to take part in these types of trades. There is a reason the trade is unofficial, or the term only for traders willing to take a risk is used. I don't want to have to explain the details of those trades. Why? For one, I don't want to add to my workload, I already have enough on my plate. I don't mind discussing official trades. These are bonus trades, so only those that understand them and are willing to do the extra work when necessary should take part in them. Otherwise, one of the solutions would be to simply stop issuing unofficial trades.


I think if everyone follows those simple guidelines, it will help simplify everything.

Ok, so what do you guys think? Am I asking for too much?

Seems like a plausible solution.