Bquat's Account Talk

[Bquat]

Can QE3 and the plung Protection Team win the battle. I don't know why futures were bought up. Do you? It"s building a low base. Still looking at 1391 for entry or trap.

 

[Bquat]

Bearish falling flag continuation pattern: Don't these look a like?:worried:

Still relavent.:worried:

 

[Bquat]

As you know I got to bowl. Cya

 

[Bquat]

Anybody scared? I hope this isn't an inverted cup waiting for a handle. So post disagreement here::worried:

 

[Bquat]

Broke support all time frames. Any ideas guys? I will watch post market videos for sure tonight. We even broke my possible entry point. So 1300 or bounce from here? Do we stop buying dips and should we wait for a deal before entering?:worried:

 

[Mcqlives]

Broke support all time frames. Any ideas guys? I will watch post market videos for sure tonight. We even broke my possible entry point. So 1300 or bounce from here? Do we stop buying dips and should we wait for a deal before entering?:worried:

1320 is possible point. if not then i don' have a clue...even 1100 by years end is possible.

 

[Mcqlives]

your yearly charts do show some positive symetry though...

 

[amoeba]

1320 is possible point. if not then i don' have a clue...even 1100 by years end is possible.

I agree. No point knife catching in forseeable future. Cliff jump highly unlikely....but the solution....isn't necessarily gonna be good for the market.

Not a hard call, really, which is why everyone is averaging down and out.

 

[Bquat]

Here's the chart for today. We pasted my bounce line and maybe we can recover it or it may be support becoming resistance.

 

[Bquat]

I need to see real buying here. Need to see 200 day broken and tested as support (1.3% up). The two red circles are the same size which is (+0.75%) going for a possible lower high. So still not trusting that we're over sold enought and PPT isn't winning the battle.

 

[Bquat]

I will be deleting some old charts soon so review my thread to capture any older that a month.

 

[Bquat]

Imtraday tweezer top. We need to beat this.:worried::worried:

 

[Bquat]

Here's what the pattern is: Let's say smart money is exiting positions to miss the 2013 tax increase but don't want bad money to follow. Hmm keep the selling less than 2% daily as to not trigger any sell signals or panic. Buy a little in the futures market to make it look like dip buying. Rinse and repeat. They could be selling the money the Plunge Protection team puts in after the dips. Just my parinoia again.:notrust: Remember I did say the Sep-Oct selloff could be offset two months by QE3 and elections. Hope this isn't the case.:worried:

 

[Bquat]

Took me a while to post that one. TSPTalk was down here. Running late got to go to bowl. Please leave comments guys and thanks.

 

[Mcqlives]

Here's what the pattern is: Let's say smart money is exiting positions to miss the 2013 tax increase but don't want bad money to follow. Hmm keep the selling less than 2% daily as to not trigger any sell signals or panic. Buy a little in the futures market to make it look like dip buying. Rinse and repeat. They could be selling the money the Plunge Protection team puts in after the dips. Just my parinoia again.:notrust: Remember I did say the Sep-Oct selloff could be offset two months by QE3 and elections. Hope this isn't the case.:worried:

I agree that is what is happening with the caveat that dividend payers are keeper stocks because the investors keep increasing their net without having to fall victim to the higher capital gains. Remember these folks are looking at long (multiple year) investment time frames and that this activity is simple dcaing for their millions.

 

[Bquat]

I agree that is what is happening with the caveat that dividend payers are keeper stocks because the investors keep increasing their net without having to fall victim to the higher capital gains. Remember these folks are looking at long (multiple year) investment time frames and that this activity is simple dcaing for their millions.

I kind of got loss here. I am glad you agree with me though.

 

[nnuut]

Just the threat of a rise in capital gains tax is making investors sell before the new year, not a pretty picture.

 

[Bquat]

Well now. This looked better. A fight at the 1350 level. That's good. Blocked by my bounce line as resistance is bad. The good news is that this end of day bullish action may earn us a 1% to 2% bounce to 1370 or 1385 as a higher low. It would be good to be on a bounce if any good news came out next week but only a lower high without news.:worried: This is also a low base and we could go down more from here. Now give me good news and 2.3% we'll be talking. Ok bulls weigh in.

 

[Bquat]

Just the threat of a rise in capital gains tax is making investors sell before the new year, not a pretty picture.

Well hello there buddy and thanks for agreeing. I was a charting while you were a posting. Yea we might be seeing a little of it starting because it takes time to move big money. It should pick up with more volume as we enter December if the tax break expires. They want to exit slowly before the stock values drops big time.

 

[Bquat]

Looking good here but is the risk too high for a chance of 2%?:notrust: Good chance at forming a lower high.