Bquat's Account Talk

[FAB1]

The tails on the top of my candles are getting longer so I'm exiting stocks.

:toung::laugh:

 

[FAB1]

And aint it funny after bobbing around before noon like clockwork we get a boost after 12 o clock.

 

[Bquat]

And aint it funny after bobbing around before noon like clockwork we get a boost after 12 o clock.

That's why I say I hate IFT time. I would love another two hours but then they couldn't day trade our money as we exit.

 

[Birchtree]

If the VIX goes negative - get set, ready on your mark for the throw over.

 

[Bquat]

Sorry Birch but I was starting to see top tails and that what I do with tell of tails. I could be wrong but it's looking worse. I hate the deadline.

Here's a couple of charts on why I got out. Yesterday the tails were longer on the bottoms and we had an intraday double bottom. Today the tails on the top were bigger and we had an intraday double top. Also I didn't see follow throught after we tested the top of the old channel as support. I thought after breaking such a midterm channel we would go bullish. It may be an ok move anyway with a sell off end of day. Tomorrow I'll find out if I jumped the gun but it better to miss gain as to lose money.

 

[Bquat]

Boy I look like a silly goose until we get a topping tail as we retrace back to below the light blue line.

 

[Bquat]

Pretty soon people will stop speculating on what the Central Bank or Fed may do and wait until something is done. The big money has stops for when the positive news doesn't happen. News feeder is just headlining.

 

[Bquat]

Here's a thought while we wait for the market to turn direction. What we need is the reaccurance of family owned businesses. Yea I know they treat family employees better that the others but it has a boot strap effect. Treat family members good, have to treat other employees better to try to hide favortism and after 10 years, you all seem like family and profit is not the bottom line. Keeping the family employed is.

 

[Bquat]

Boy I look like a silly goose until we get a topping tail as we retrace back to below the light blue line.

After an hour it's still trying to please me.

 

[FAB1]

Howabout them bonds???? hope when you outted ya really went out.

 

[RealMoneyIssues]

Howabout them bonds???? hope when you outted ya really went out.

Yeah, what the heck... Dang bonds... I didn't go into them at all last month because I thought they were moving with equities too much...

Thought I would test the waters this month, but oops... I guess as long as I break even when I jump back into S I will be content

 

[Bquat]

Howabout them bonds???? hope when you outted ya really went out.

Bonds what bonds? Yea I'm in bonds and looking for them to turn soon, too.

 

[Bquat]

Yeah, what the heck... Dang bonds... I didn't go into them at all last month because I thought they were moving with equities too much...

Thought I would test the waters this month, but oops... I guess as long as I break even when I jump back into S I will be content

I was kind of expecting a quicker turn here. What's your entry? 1350 or 1323?

 

[Bquat]

This is what I got. What you think?

 

[bmneveu]

I see a huge gap that needs to be filled! And I'm not leavin' F 'till we do!

 

[Mcqlives]

This is what I got. What you think?

What I think doesn't seem to be right the way the market is acting. When you posted this I would have said the same thing about the gap getting filled as Bmneveu. Now with us back at 1405...I am second and triple guessing the charts and wondering which direction we will really go.

 

[Bquat]

Sounds good to me. We just have to convince the market. Bad news has a reverse effect lately because big money wants QE3. So we might have to wait a while. Market is still fighting me.

 

[Bquat]

What I think doesn't seem to be right the way the market is acting. When you posted this I would have said the same thing about the gap getting filled as Bmneveu. Now with us back at 1405...I am second and triple guessing the charts and wondering which direction we will really go.

We need some good news to spike this up and break the notion that QE3 will happen and then it will drop. How's that good news to cause a reverse affect in the market?

 

[bmneveu]

you can see we're also at the very top of our trading channel if you set the interval to daily. unless we break out of the channel, we'll be heading back down with 1360~ looking like the bottom.

 

[Bquat]

Wow look at the tracker. With almost everone bearish maybe big money will buy when our fund managers release that TSP is getting more bearish. Contrary move right?
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