Bquat's Account Talk

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Bquat said:
...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.
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What a thing to allege! They are only trying to protect us from losing our money by managing it for us unedumicated folks!:nuts:
 
Mcqlives said:
Do you think we have a new floor at 1440ish? too far too fast?
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Wow, what a good time to ask that question. Right now I'm in the neck out trading mode. We're right up against short term major resistance but in a high base with a bullish move into the close. Interpretation is that we are right up against the top of the channel just below where the triple top failed move was and where one should think we're at the top of this move. With the last two days up, the second day better that the first, I think we are in the start of a bull move. If we can get more than a one percent move again tomorrow, we can have a triple candle white horse super bull patern or something like that.:D
Now the bad. Todays move is mostly helped by the news that there's a chance of a deal. There's million and millions of dollars being held back by big money just waiting for a deal. If any news comes out in the wrong direction can crush this bull move like a house of cards.:worried: So I'm bullish with a knife at my back. That's why I wish we had stops. Too much risk to be in and too much risk to be out. When we flip the coin I hope it's two headed. I don't think there's many following this move.
So what you think? Too much risk? I have 1440 light blue to be tested and maybe a new high if it holds.
 
Or was that triple soldiers bullish pattern?
th
 
20 Day should cross the 50 Day today or tomorrow. Isn't that bullish in itself? Should't we make a new high?;)
 
Yes, yes, and yes. A 10 point gain on the SPX to 1456 would be spectacular by end of day. I'm going to go chase a few wall flowers to make JTH happy.
 
Bquat said:
So I'm bullish with a knife at my back. That's why I wish we had stops. Too much risk to be in and too much risk to be out. When we flip the coin I hope it's two headed. I don't think there's many following this move.
So what you think? Too much risk? I have 1440 light blue to be tested and maybe a new high if it holds.
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I think that this best sums up all of our market predictions...

?
 
Bquat said:
So I'm bullish with a knife at my back. That's why I wish we had stops. Too much risk to be in and too much risk to be out. When we flip the coin I hope it's two headed. I don't think there's many following this move.
So what you think? Too much risk? I have 1440 light blue to be tested and maybe a new high if it holds.
Click to expand...
Try again tomorrow unless the down move is confirmed.
 
With the comments by the President and house speaker I'm not chancing it..Might be sale off for 2012 tax rate.
 
Bquat said:
I just chickened out with todays weakness. Mobile right now but seeing itt go down again got me thinking.
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I saw that I was at a less than 4% loss for the year. Finally under 5% since April so protecting it. I could be completely wrong but why risk it. Besides the little up turn may be the handle for inverse Cup and Handle and I have one IFT left if we go bullish. Round top market drop.
 
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Bquat said:
I saw that I was at a less than 4% loss for the year. Finally under 5% since April so protecting it. I could be completely wrong but why risk it. Besides the little up turn may be the handle for inverse Cup and Handle and I have one IFT left if we go bullish. Round top market top.
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If I had my 2 moves left for the month I would have gotten out a few days ago. As it is, I am looking at a drop this afternoon to around 1426 unless some news comes in. That is acceptable loss for me with the potential of good news still there.
 
Mcqlives said:
If I had my 2 moves left for the month I would have gotten out a few days ago. As it is, I am looking at a drop this afternoon to around 1426 unless some news comes in. That is acceptable loss for me with the potential of good news still there.
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Ok you get heads and I get tails. It is far better to miss a gain as to take a loss and I usually took the loss at the first of last year.
 
Mcqlives said:
If I had my 2 moves left for the month I would have gotten out a few days ago. As it is, I am looking at a drop this afternoon to around 1426 unless some news comes in. That is acceptable loss for me with the potential of good news still there.
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I'm with you on that one, Mcqlives. This 2 IFT limit really constrains our trading. If we only had two buy-ins a month.
 
If we take the depth of the cup and extend it to the cup brim line. This can be a channel breaker and a test of the 20 Day. 1418ish unless the bottom of the channel holds. The 50 Day is declining so we don't want to test it.Haven't seen much over a 1% move in a day so let's stick with the channel at 1421ish.:worried:
I wasn't going to draw the down side but it may happen now. Spidey sense saved me for once.
Stock Futures of Major World Indexes - Bloomberg
 
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