Bquat's Account Talk

[Bquat]

Then again with a 2% correction my exit could become a buy line. The 13 day is almose there. Senior bowl is where I go. Here's the non-Birch chart:

 

[Bquat]

Channel broken and support broken makes a good chance of a correction here.:worried:

 

[Bquat]

So, the channel is broken but have we lost support. If I draw a new channel with the tops what does the bottom parallel line give us? Support? Tomorrow we should find out and give me some perspective for my IFT. The market as not left me too far behind and now a little weakness may help. I just have to figure if this is all the dip we get.

 

[Bquat]

Here's a recap. The 1/2% dip is bought forming a double bottom but then we get back over support and get blocked by the bottom of the 5 day supported channel. Then we drop below the resistance point again and the 5 day holds. Thats where the battle is. It now can go either way. Hope that was somebody buying the dip and not the PPT using our tax dollars or printing press. Flip the coin. Coffee time.

 

[RealMoneyIssues]

Hope that was somebody buying the dip and not the PPT using our tax dollars or printing press.

 

[WorkFE]

That was our G fund $ at work hehehehehehe

 

[Bquat]

Are we in a new down trend or minor correction. Well at least some buddy took profit on all that influx of cash to by the dip. Right back down again. Al righty then: "Two IFT's to burn" and 1496 is a key to a lower low. Raise my buy to 1481 and a touch of the 20 day would be wonderful. It be a good bounce point and make me not a contrarian. Come on 1486 at least.

 

[JimmyJoe]

Are we in a new down trend or minor correction. Well at least some buddy took profit on all that influx of cash to by the dip. Right back down again. Al righty then: "Two IFT's to burn" and 1496 is a key to a lower low. Raise my buy to 1481 and a touch of the 20 day would be wonderful. It be a good bounce point and make me not a contrarian. Come on 1486 at least.

Bquat. There are as many reports saying it will continue to be an uptrend. I'm already in for the next month using one of my IFTs to do it. If I move again, it'll be to move from one equity to another, disperse my money among them. Feb is supposed to be an unprofitable month, but for the last three years it's been a good month for stocks. I'm 50C, 50S. S&P 1500 and beyond is what I'm thinking. 1550 by March.

 

[Birchtree]

Success in investing comes from being able to see not what is in front of you but what is lurking just around the corner. Here comes a buying panic.

 

[Mcqlives]

Up is still the trend but I am not sure on how much room we have before a session of profit taking. If I had to pick a day for it to go down it will be this week with Thursday being the most likely. Just when I was planning on using an end of month move to re-allocate my shares between C and S (put more into C) I am now thinking about protecting some of my gains in the G.

Bquat,

I called it pretty close, for once anyway. I went with my first plan of going 60/40 C/S from 25/75.

I think the big money was simply taking a little profit and re-structuring their investments based on the little sell off. Now we have to look out for a double, or even triple, failed top. Go back and look at you Birchey chart for the 1510 mark. 1510 may fall today. I am playing it cautious but, if the trend continues we could see 1650 this year pretty easily.

 

[Bquat]

Bquat,

I called it pretty close, for once anyway. I went with my first plan of going 60/40 C/S from 25/75.

I think the big money was simply taking a little profit and re-structuring their investments based on the little sell off. Now we have to look out for a double, or even triple, failed top. Go back and look at you Birchey chart for the 1510 mark. 1510 may fall today. I am playing it cautious but, if the trend continues we could see 1650 this year pretty easily.

Double failed top here you go. Let's see if it happens.:notrust:

 

[Bquat]

Coffee ready. This is Friday isn't it? Market is active for a friday.

 

[Bquat]

So let me contrary this for you guys. Spidey says this is an exhaustion move (bull trap). Looking at the tracker moves today almost an 85% buy in. The mad dash to get in. I don't trust it. Everyone is going for a piece of the pie and the pie is gone. How's that?
Contrary enought for you. Ok I go get cake. Figuring this market out is a piece of cake.

 

[Bquat]

There did that help?

 

[Cactus]

Fridays aren't typically active. I didn't know that. Good observation, Bquat. I learned something today.

As for this being a Bull Trap, I think you could be right. The question is how long until it's sprung? It could be a couple of days or it could be right after toaday's Noon cut-off. :blink:

 

[Bquat]

Fridays aren't typically active. I didn't know that. Good observation, Bquat. I learned something today.

As for this being a Bull Trap, I think you could be right. The question is how long until it's sprung? It could be a couple of days or it could be right after toaday's Noon cut-off. :blink:

I was just looking at the 24th of Jan. Too fast to the top of the channel it dropped back to the bottom. The last time everyone was buying in, I didn't follow and missed the gain. So this was a contrary post. I still not buying in yet because this was a big move and I already may have missed most of it. For me I just don't feel right but I've been known to be wrong most of last year. So I'm taking the odds. I really would like a correction before getting in. I hope it shows it's colors befor the deadline but what are the odds of that happening.

 

[Birchtree]

The bears are being pummeled into submission - Monday could show another triple digit gain. The SPX dividend yield is higher than the 10-year Treasury yield - something that, aside from the period of the credit crisis, hasn't happened since befor 1960. This is low hanging fruit for the yield seeker coming out of bonds.

 

[Birchtree]

Here comes SPX 1515 - don't forget that you will be perennially late if you wait to invest until it feels easy or comfortable to do so.

 

[JimmyJoe]

The bears are being pummeled into submission - Monday could show another triple digit gain. The SPX dividend yield is higher than the 10-year Treasury yield - something that, aside from the period of the credit crisis, hasn't happened since befor 1960. This is low hanging fruit for the yield seeker coming out of bonds.

Speaking of triple digit gains.. The day after the NFL conference games were played, the stocks went up more than 100 pts. The day after the Super Bowl we'll have a big positive day in the markets. I'm predicting this, just as most stock analysts are, and like the Jet's Joe Namath. He predicted that his team would win, what was it, back in 1969, and they did. They had to put Johnny Unitas on the sideline, but the Jets won. I'm predicting that team JimmyJoe will win because we're putting the bears on the sidelines, ...and the bulls are running.

 

[Mcqlives]

Bquat...just thinking about the next leg. If it goes up I think we are going to hit resistance at 1526. You chart a lot better than I can. What do you think the target downside would be off of a 1526 bounce?

If it goes down then you have your trap confirmation.