Bquat's Account Talk

[Bquat]

You called it.
Hopefully not too far down though...If they get a deal done on Thursday or Friday then the rockets will be fired!

Test the 50 I hope. That wasn't the 20 holding. It was the PPT buying with good money after bad. They should of bought just before the 20 to make it look like it bounced off it.:notrust: Now we can see if the 20 acts as support becoming resistance as big money takes free Fed money.

 

[Bquat]

You did notice the 1% line?

 

[Bquat]

You called it.
Hopefully not too far down though...If they get a deal done on Thursday or Friday then the rockets will be fired!

This looks like a good spot with a redraw but I don't trust it yet. It can just be a PPT buy and I want the grey line to be the bounce and that will show after IFT time. I will hold mine in reserve.:notrust: Maybe tomorrow. You guys?

 

[Mcqlives]

This looks like a good spot with a redraw but I don't trust it yet. It can just be a PPT buy and I want the grey line to be the bounce and that will show after IFT time. I will hold mine in reserve.:notrust: Maybe tomorrow. You guys?

staying in on a whim

 

[Bquat]

staying in on a whim

Ok your whim can be better than mine. 1/2 % one way or another.

 

[NiteFlyer]

staying in on a whim

Same here... but staying in mostly because I think we will see a nice increase before I can use my first January IFT and my December IFTs are gone. If I had one left, I would have moved back to the I Fund which I moved out of earlier I'm 100% S now.

 

[Bquat]

Here's why my hessitation. Normally the market drifts up this time of year as stops on computer programs are made to drift up to protect profit because everyone is aware of the seasonal drift up. They are set to drift down this year because of the fiscal cliff chance. You can even see the downs are faster that the rises and the big dips get tails from PPT buying. I think the market is in a watch see deal until the decision is made or buy the news mode only. Bullish only on news senario. I could be wrong but then why the reverse Santa Rally? You tell me???

 

[Cactus]

I could be wrong but then why the reverse Santa Rally? You tell me???

Well, last year we had a pullback the week after Christmas. Sure, we had the rally the week leading into Christmas and it took off from the first trading day in January, but the week in between was a drop. So being new to this I have to ask: Does the Christmas rally really continue through New Years? It doesn't look like it from recent history.

 

[Bquat]

Well, last year we had a pullback the week after Christmas. Sure, we had the rally the week leading into Christmas and it took off from the first trading day in January, but the week in between was a drop. So being new to this I have to ask: Does the Christmas rally really continue through New Years? It doesn't look like it from recent history.

I don't know exactly but isn't it Black Friday through mid January the holiday season?

 

[Bquat]

Test the 50 I hope. That wasn't the 20 holding. It was the PPT buying with good money after bad. They should of bought just before the 20 to make it look like it bounced off it.:notrust: Now we can see if the 20 acts as support becoming resistance as big money takes free Fed money.

Do you see it yet?

 

[Cactus]

I don't know exactly but isn't it Black Friday through mid January the holiday season?

It is for me. But for the market I understand early Dec. isn't typically that great. I understand the Santa Rally to be mid Dec. through the 1st couple of days in Jan. I haven't seen it though. I'm only in because I don't have the IFTs to jump out and back in before Jan. Count me as another one riding out the downturn because of IFT limitations.

 

[Bquat]

It is for me. But for the market I understand early Dec. isn't typically that great. I understand the Santa Rally to be mid Dec. through the 1st couple of days in Jan. I haven't seen it though. I'm only in because I don't have the IFTs to jump out and back in before Jan. Count me as another one riding out the downturn because of IFT limitations.

I know exactly how that is. This is one of few times I have IFT available for reentry.

 

[Bquat]

Well the bear flag came about. Now we need some PPT action right now. May need to check JTH's thread about how low this may go. Didn't even hessitate on the 50 day. Drew the 1% from top of flag and may hesitate here. Slightly below where I was thinking of entering.:worried::worried: I'll have to go back to my inverted cup and handle to check.

 

[Bquat]

If we don't recapture 1413.03 we go to 1400. Cross your fingers for those that are in. So PPT must buy here and that may not work. In the absence of good news big money will go for 2012 tax bracket.:worried:

 

[SkyPilot]

We may be looking at the most predictable of market crashes in the next few days. I know this is not really a technical position, but emotions and psychology may rule the coming days. I do not plan to re-enter until there is massive blood letting, if there is blood letting at all. When we get past the cliff and the ceiling, I think we will probably have a pretty decent 2013, if you can get in low enough.

 

[Bquat]

We may be looking at the most predictable of market crashes in the next few days. I know this is not really a technical position, but emotions and psychology may rule the coming days. I do not plan to re-enter until there is massive blood letting, if there is blood letting at all. When we get past the cliff and the ceiling, I think we will probably have a pretty decent 2013, if you can get in low enough.

In another thread I had mentioned Jan 13, 2013. Fiscal Cliff will be over, new congress will be in and the President will soon be giving his save the nation speech and then save us from my Republicans and his Democrates.

 

[Birchtree]

Obama is building his legacy of another four years of failure - will he ever grow up.

 

[Bquat]

Sorry guys I tried to draw a bull flag for you but the downward move is increasing. The site was down here so I hope my last chart gave you a heads up.

 

[Bquat]

Last chart didn't post so this is now hindsite. I did mention that 1413.03 wasn't recaptured to look out.

If we don't recapture 1413.03 we go to 1400. Cross your fingers for those that are in. So PPT must buy here and that may not work. In the absence of good news big money will go for 2012 tax bracket.

 

[WorkFE]

Hello 1400