Bquat's Account Talk

[Bquat]

Now it really look like the computers oscillating between sell and buy. A screen door spring being streched out till it snaps out of one hand or the other. I'm thinking the sell hand will let go first and they buy the close. Just my guess.

 

[Bquat]

2011 Levels Update:

1557 October 2007 peak
1425 May 2008 lower high before all hell broke loose. Possible double top.
1420 Inverded H&S predicted gain.1400 Strong resistance
1385 Resistance
1376 Resistance
1360 Current level
1350 Support
1346 Support
1343 2011 peak in Feb, strong resistance
1332 Strong resistance.
1327 resistance
1322 Bottom line support double bottom chance
1318 support
1309 support
1302 Strong support High double bottom chance strong support
1297 support
1282 strong support
1275 suport
1270 support
1257 last chance support before major correction

Well the 1420 was in the wrong place and I didn't notice.

We rose up right to the top of a rising triangle and at resistance. If this level isn't broken before 12:00 EST, I think I'll take profit and ift out not to follow it down back to 1322 (the bottom of the triangle).
http://freeonlinetradingeducation.com/

If we break it we can go up to 1376 resistance. I need to see a good move tomorrow because I want to lock in resent gains and being retired I don't want to be a hog and try for 1420.

So stil bullish 70/30 But thinking of preserving recent gains if not a bullish push tomorrow.

Thanks guys for reading my posts, I makes me feel good about posting my guesses. Especially when they're right.

No post from Poolman so far. Must be working on a pool some where.
I probly should give him a green thingy.

 

[Bquat]

Ah yes, computers oscillating again between buy and sell, at least now it's at a high base around 1360. High baseing near a resistance level could be bullish and indicate that the market may break the level. But yesterdays rise at the end was a low volume drift up and may need to build more strenght to break it. One hour this station to see direction and make decision.

 

[Bquat]

Ah yes, computers oscillating again between buy and sell, at least now it's at a high base around 1360. High baseing near a resistance level could be bullish and indicate that the market may break the level. But yesterdays rise at the end was a low volume drift up and may need to build more strenght to break it. One hour this station to see direction and make decision.

I decided to lock in my recent gains with todays lack luster movement. I am still bullish and think it will start drifting up again but I been real luckly lately and recovered from recent losses to gains and am happy with what I have. I will still guess the S&P for you who are still in.

 

[JTH]

AGG was trading in the red this morning and has now turned around. I'll say this, stocks and bonds can trade the same direction, but eventually one of them will correct, which one?

I don't know, but when you see money (as we have) creeping back into bonds, that shows a shift, perhaps there are a group of folks leaving stocks? Again I don't pretend to know, but it is an observation worth noting.

View attachment 10998

 

[Bquat]

AGG was trading in the red this morning and has now turned around. I'll say this, stocks and bonds can trade the same direction, but eventually one of them will correct, which one?

I don't know, but when you see money (as we have) creeping back into bonds, that shows a shift, perhaps there are a group of folks leaving stocks? Again I don't pretend to know, but it is an observation worth noting.

View attachment 10998

Well thanks JTH for posting here. I agree with you with this but think a lot will make the decision at the hesitation at 1385 to 1400 S&P level to take profits and create maybe a bull flag of double top as like the 1343 level. When investors get real bullish they fear losing gains. We may even se a spike here or premarket Monday and then midday day traiders will lock profits as mom and pops buy in to follow the premarket. Like you I locked gains and today will be frosting. My spidey sense says bull trap may come but I have been known tho sell early and miss gains.
Short term bullish. 60/40 but in safty.

 

[Bquat]

Well because I'm retired I lock in my gains. S&P still looks bullish but a little less bullish today with a rounded top, weakness in the morning and weakness in the afternoon but still bullish. I really don't think that the 1420 Inverted H&S prediction will be made without some consolidation or waiting for the 5 day moving average before going higher.I also think there will be a retracement to the 50 dma after it gets to 1385. I think 1385 will be like 1343 was the first time. Why?

1. The wedding is over, other than reporting about the wedding and possible honeymoon, the news will trickle down.

2. Middle East news will return and be amplified over and over for viewers.

3. The Budget Crisis debate. Congress will return, from vacations and expensive travels that maybe they shouldn't have taken, and the debt ceiling fight begins.

4. May go away and play.

Things to think about. Maybe, maybe not. The market is not effected by the news. I think that was true when newspapers ruled but not now with world news and super computers for stock trading that can react in minutes before it hits the airways.

Ok rant over, just a heads up still bullisk 55/45 until 1385

Have a good weekend.

 

[Bquat]

Hope this works? For the really bullish and birch.

 

[Bquat]

Nice finish today with nothing but green for the rest of the week on earnings reports. Hope to break back to a new S&P high for the year soon!

And as a bonus, my post just put you back on the first page!:toung:

No post for 9 days. Where are you my friend and are you ok?

Your not posting and Fab1 not posting. I'll never get 500 posts in my account without you guys.

 

[TSPIntel]

Hope this works? For the really bullish and birch.

I like your bullish channel chart, but the underline economics are not the same and may force the proyection line to join the bottoms instead of the highs and the projection may be extended not to this summer but till santa rally.

 

[KevinD]

View attachment 11006

 

[Bquat]

Now they anounce Osama Bin Laden is dead while I'm in G fund. Hope you guys see 20 point jump in S&P. Well maybe 10. Too much gain will bring profit taking in.

Catch some profits my friends.

 

[Mcqlives]

No post for 9 days. Where are you my friend and are you ok?

Your not posting and Fab1 not posting. I'll never get 500 posts in my account without you guys.

No big deal for me to disappear for weeks at a time around here...not because I am not following the markets, just that I am tied up on other things (usually work) and can't get to a computer to type on here from way early till way late. In this case, though, I was gone for a week on spring break with my little ones. I usually don't recommend places but, in this case, I can't help but give praise! Anyone gets a chance check out Blue Harbour Resort in Sheboygan, WI. Staff (from cleaners to cooks) all would stop what they are doing and, after providing a respectful greeting, would ask if there was anything they could do for us. 2nd time my family and I have gone and 2nd time I have been very impressed!

As for the markets, I am now about 98/2 (S/I) and am slightly bullish. I am thinking there is going to be a fizzle before we get to that 1385ish mark. I am hopeful that we will see a small pull back this month and then a climb up into the 1400's for the summer months unless something drastic changes. The good news is that I really doubt that we will break under the 1302 mark again!

 

[JTH]

In reference to the chart, hey what can I say, I love channels, nothing better than a consistent trend. It takes some patience on the entry, but well worth the wait when you're on the right side of the trade.

 

[Bquat]

No big deal for me to disappear for weeks at a time around here...not because I am not following the markets, just that I am tied up on other things (usually work) and can't get to a computer to type on here from way early till way late. In this case, though, I was gone for a week on spring break with my little ones. I usually don't recommend places but, in this case, I can't help but give praise! Anyone gets a chance check out Blue Harbour Resort in Sheboygan, WI. Staff (from cleaners to cooks) all would stop what they are doing and, after providing a respectful greeting, would ask if there was anything they could do for us. 2nd time my family and I have gone and 2nd time I have been very impressed!

As for the markets, I am now about 98/2 (S/I) and am slightly bullish. I am thinking there is going to be a fizzle before we get to that 1385ish mark. I am hopeful that we will see a small pull back this month and then a climb up into the 1400's for the summer months unless something drastic changes. The good news is that I really doubt that we will break under the 1302 mark again!

I think we test 1350 and maybe even 1320 until some preliminary about making a deal on the debt cieling. A 1320 bounce bullish and a break of 1320 means 1302 will be tested, a consolidation would be best.
Just a mild weakness here. So bearish 55/45

 

[Bquat]

In reference to the chart, hey what can I say, I love channels, nothing better than a consistent trend. It takes some patience on the entry, but well worth the wait when you're on the right side of the trade.

I think I'll still wait for the debt cieling decision gets made. Or see which way the wind is blowing. Plus i'll be busy this week areound IFT time all this week. Some times even retired peoples get busy. Mostly appointments and stuff. May check in evenings. This is a good time for break.

 

[burrocrat]

...even retired peoples get busy. Mostly appointments and stuff...

you should see if she can't come by a bit later then, or maybe stay longer, see what works for her schedule, win-win?

 

[Bquat]

Still 55/45 Bearish

Especially by not going green after hitting 1350. Seeing lower highs and lower lows, but not like bull flag. More like rounded top. Down tomorrow.

 

[Mcqlives]

Still not sold on the rounded top thing...the movement has not been pronounced over the broader market to justify it in my opinion. I would have actually liked to see more movement so we would have a solid market direction (confirmed rounded top or the inverted head and shoulders) but this largely sideways action (1% days don't cut it) has me reviewing everything...which way do we go???

For me, I rode the S and I this far so will wait to see what happens with 1340 as a baseline before I make any moves.

Good timing on your part going to the G but watch the markets closely in case they take off! You don't want to miss the first couple of days cause if it does take off they will be big!

 

[Bquat]

Still not sold on the rounded top thing...the movement has not been pronounced over the broader market to justify it in my opinion. I would have actually liked to see more movement so we would have a solid market direction (confirmed rounded top or the inverted head and shoulders) but this largely sideways action (1% days don't cut it) has me reviewing everything...which way do we go???

For me, I rode the S and I this far so will wait to see what happens with 1340 as a baseline before I make any moves.

Good timing on your part going to the G but watch the markets closely in case they take off! You don't want to miss the first couple of days cause if it does take off they will be big!

Well I'm kind of happy with it and I am still bearish with 1350 being tested from the bottom. I'm thinking retest of the 1330 and 20 day before any buy interest. I may even look for the 1320ish bounce. Remember lower highs and lower lows are being set. This is my guess?

Bearish 60/40

Another hour and a half we can see Poolman's videos.