Bquat's Account Talk

[Bquat]

So going with the 1% againfrom the open today, we can reach the top of the bigger green channel and set a new high. I would like 1.25% which would show increasing bullishness. We need to break the failed move line or we may dip to 1410-16 area. I like the little bottom tail but can it be enought to over come the news. A budget deal announcement today would jump us into the higher tier.:notrust:

Ditto chart:

 

[Bquat]

I will try to will this market higher. Wow site just got busy. Took a while to load my chart.:suspicious:

 

[Bquat]

So now that the deadline has passed, maybe will get a change in direction.

 

[Mcqlives]

50 day bounce...now what?

 

[Bquat]

50 day bounce...now what?

I thought the inverted H&S was the change trend and todays move is just going for the head test. This can happen with a deal or maybe when 4th quarter earnings come out. So do we sell for the head test or ride it out??? My TA against the news has sucked this year. So all we have to fear is fear itself. All in all todays move was less than 1% but you know how that goes. May be a falling knife. I'll watch to see if this is a bear trap or if the move is confirmed.. I always have a chance of being 100% wrong. So is the test of the 50 day a market changer? Guesses? There you go, you asked and now I ask you.

 

[Bquat]

Here's some different time length charts. I hope I didn't bias them too much. Draws them like I sees them. Feel free to disagree or comment. 50 Day and 100 day drew in and left side may be off a little.

 

[Bquat]

The taking of profit hasn't continued. The battle between the 50 and 100 day continues and I need the bottom of the channel to hold.. Remember Tuesday of next week the 20 day should have a sharp turn up because of losing the dip numbers. So the 13 and 20 day should cross the 100 and 50 day. I'm needing some support to happen soon.

 

[Birchtree]

The weakness of today is fine for my accumulation strategy but I think we may rally this afternoon with transports leading the way.

 

[Mcqlives]

I thought the inverted H&S was the change trend and todays move is just going for the head test. This can happen with a deal or maybe when 4th quarter earnings come out. So do we sell for the head test or ride it out??? My TA against the news has sucked this year. So all we have to fear is fear itself. All in all todays move was less than 1% but you know how that goes. May be a falling knife. I'll watch to see if this is a bear trap or if the move is confirmed.. I always have a chance of being 100% wrong. So is the test of the 50 day a market changer? Guesses? There you go, you asked and now I ask you.

1414ish bounce. Hopefully that will hold. If not 1392ish here we come!

 

[twodaystocks]

1414ish bounce. Hopefully that will hold. If not 1392ish here we come!

If the 50 day holds, it will reaffirm the uptrend, but right now, any news out of DC can sway the markets so I cant really tell where it is headed.

 

[wavecoder]

If the 50 day holds, it will reaffirm the uptrend, but right now, any news out of DC can sway the markets so I cant really tell where it is headed.

ain't that the truth, i got burned by both obama and boehner already. well not really burnt, but let's just say prevented from making bigger wins lol. markets made a swing in the direction i predicted and one of them decides to speak on the news. boom! whipsaw lol

 

[Bquat]

1414ish bounce. Hopefully that will hold. If not 1392ish here we come!

Good call on the 1414ish. Well 13 day crossed the 100 day and now crossing the 50 day. We're up against resistance and the 5 day. Can we go higher or are we setting a lower high? We I'm thinking the head test of the inverted H&S is done and we go up and up but even I can't predict the news and it just loves to be contrary to what I want. Deal made we get 9% and no deal we can lose 15% maybe. Risk reward is sooo bad but to be out if a deal is made I don't know. Should we stay in and wait for the falling knife. I don't know that either. Day by day coin in hand. Morning move has me staying so far and that's just for the carrot of a possible extension of the debt limit for a year. Thanks for the comments guys.

 

[Bquat]

Hey did you hear the news? Just kidding.

 

[Mcqlives]

Good call on the 1414ish. Well 13 day crossed the 100 day and now crossing the 50 day. We're up against resistance and the 5 day. Can we go higher or are we setting a lower high? We I'm thinking the head test of the inverted H&S is done and we go up and up but even I can't predict the news and it just loves to be contrary to what I want. Deal made we get 9% and no deal we can lose 15% maybe. Risk reward is sooo bad but to be out if a deal is made I don't know. Should we stay in and wait for the falling knife. I don't know that either. Day by day coin in hand. Morning move has me staying so far and that's just for the carrot of a possible extension of the debt limit for a year. Thanks for the comments guys.

I think a deal will be made...at least a short term (1 year) one. This deal will include tax hikes but I think the market largely has that priced in. We are set to go higher very quickly if that happens. Contrary in me says that if a deal does not happen we will go down fast as well but, hopefully, have a bounce or two along the way to bail!

 

[Bquat]

I think a deal will be made...at least a short term (1 year) one. This deal will include tax hikes but I think the market largely has that priced in. We are set to go higher very quickly if that happens. Contrary in me says that if a deal does not happen we will go down fast as well but, hopefully, have a bounce or two along the way to bail!

Thanks, feel the same.

 

[Birchtree]

I'm waiting on SPX 1434 and for the clouds to open and blue sky as far as the eye can see - sounds like visual flight rules.

 

[Mcqlives]

I'm waiting on SPX 1434 and for the clouds to open and blue sky as far as the eye can see - sounds like visual flight rules.

ONLY 1434?!?!? ARE YOU ILL?

 

[Bquat]

I'm waiting on SPX 1434 and for the clouds to open and blue sky as far as the eye can see - sounds like visual flight rules.

Well there's the 1% move the market makes decisions at. Maybe a regroup and another move after the 5 day holds? May make and build for the next level.

 

[Bquat]

Well there's the 1% move the market makes decisions at. Maybe a regroup and another move after the 5 day holds? May make and build for the next level.

Been there done that.

 

[Bquat]

Here we are at the next level. Comming up to major resistance at the red line. Do we form a handle for the cup here or go for record highs without a dip. Inquiring minds want to know. I want to know. That's a discription of the wall of worry. I would love it if I had stops, but no, if we had stops the handlers of our money couldn't trade with it for two hours at the end of the day.