Bquat's Account Talk

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This afternoon there will be a jump up. Oil's going down for the day. One of those days where Bonds go up as well as Stocks.
 
JimmyJoe said:
This afternoon there will be a jump up. Oil's going down for the day. One of those days where Bonds go up as well as Stocks.
Click to expand...
That helps thanks. I mainly need 1515 to hold right after the deadline for 20 min and all will be ok. I hate the deadline and juat two moves. It makes you have to take too many chances or none at all.:(
 
Hope this is a bull flag forming? Cleaned the chart up for my run.:) Put the PPT line in because it's going to save my butt in two trading days. A high base forming right above 1515 would be the best thing for me. Buy in at the lowest I can without support breaking.
 
As you now realize there is more risk in being out of this market than staying in - all aboard. Only in Elliott waves can third waves happen where breadth of market makes higher and higher highs.
 
Birchtree said:
As you now realize there is more risk in being out of this market than staying in - all aboard. Only in Elliott waves can third waves happen where breadth of market makes higher and higher highs.
Click to expand...

I'm staying in and hoping you both are right. Did you check out the 97 to present chart?
 
You trying to scare me? I'm going for the breakout above that double top. Ok? No MA for me. Lets just go with TA doesn't work in this market. I got my exit line. 1492 and we're ok to 1570 to worry about that.
 
Bquat said:
You trying to scare me? I'm going for the breakout above that double top. Ok? No MA for me. Lets just go with TA doesn't work in this market. I got my exit line. 1492 and we're ok to 1570 to worry about that.
Click to expand...

No scare intended...just looking at the symmetry. Most of the time I like the symmetry that is shown and am able to put a positive spin on it...but this is one that is scary and it jumped out at me while messing with charting this morning.
 
Mcqlives said:
Volume is fine...it's the falls that made for a rough looking chart...
Click to expand...
I have to clarify. A quick look at the volume of the S&P in the last 15 years and you'll see that the volume was appropriatly high and proportionate to the 1500 level. Where is that volume today? Well, it's in the wings, on the sidelines waiting, waiting to get back in, paying higher prices. Those that are not believing that this market will rise to S&P 1700 are going to wait too long. Now is the time to get in. The naturally occurring increase of buyers will see the eminent rise of the markets.
 
JimmyJoe said:
I have to clarify. A quick look at the volume of the S&P in the last 15 years and you'll see that the volume was appropriatly high and proportionate to the 1500 level. Where is that volume today? Well, it's in the wings, on the sidelines waiting, waiting to get back in, paying higher prices. Those that are not believing that this market will rise to S&P 1700 are going to wait too long. Now is the time to get in. The naturally occurring increase of buyers will see the eminent rise of the markets.
Click to expand...

Yes, but it appears that those individual investors on the sidelines are not so eager to jump in for whatever reason. The amount of $ coming in to the markets from those sources is a drop in the bucket

compared to what they took out since 2008. They're still nervous.
 
Bquat...we had a nice ending there. I hope it was a prelude to Monday's action. Look forward to seeing your bull charts on Monday. Have a great weekend!!!
 
Clarify once again. I've been looking at the S&P chart where the volume is tied to gains. To be honest, the volume is tied to people jumping out of the market, which surprises me. It seems that when huge profits are made, traders are ready to bail, and when they do, it's big time. As we've experienced, to reach this 1515 level, volume is medium, average. Just investors hanging in, riding it up. I do know what will keep this market rising. More traders becoming investors, that's what will happen. So to make money, just jump in. They will find nothing bad about making money while the stocks are climbing. Articles have been written, posted about market fear, but this month, I proclaim we will see volume rise as investers move to get in. The volume rising will not be perceived, not obvious, but it will lift the S&P to 1700 within the year. The reason volume will rise is because, for the first time, the S&P will rise to 1550 and beyond by mid summer. It'll be my mid summer's night dream to see 1600, but it will be a reality.
 
JimmyJoe said:
I have to clarify. A quick look at the volume of the S&P in the last 15 years and you'll see that the volume was appropriatly high and proportionate to the 1500 level. Where is that volume today? Well, it's in the wings, on the sidelines waiting, waiting to get back in, paying higher prices. Those that are not believing that this market will rise to S&P 1700 are going to wait too long. Now is the time to get in. The naturally occurring increase of buyers will see the eminent rise of the markets.
Click to expand...
Yea but, breaking to a new level through what has proven to be strong resistance may give us the support that the last two peaks didn't have. Plus were comming right off an issometrical triangle which has a 1 1/4% projected upside. It took a while to convince me to buy. I watched the PPT line continually being supported without technical anaylis to support it. Somebody is buying that line and now we have a break out above resistance today and in the weakly. Maybe the wall of worry just wore me down and I capituated and I am hoping shorts start covering now. But then again I may be the contrarian. Watch the longer term purple channel from the past. See how it projects right near the PPT line. This used to be a top of a channel and may become the bottom of a new channel. What you think?
 
JimmyJoe said:
Clarify once again. I've been looking at the S&P chart where the volume is tied to gains. To be honest, the volume is tied to people jumping out of the market, which surprises me. It seems that when huge profits are made, traders are ready to bail, and when they do, it's big time. As we've experienced, to reach this 1515 level, volume is medium, average. Just investors hanging in, riding it up. I do know what will keep this market rising. More traders becoming investors, that's what will happen. So to make money, just jump in. They will find nothing bad about making money while the stocks are climbing. Articles have been written, posted about market fear, but this month, I proclaim we will see volume rise as investers move to get in. The volume rising will not be perceived, not obvious, but it will lift the S&P to 1700 within the year. The reason volume will rise is because, for the first time, the S&P will rise to 1550 and beyond by mid summer. It'll be my mid summer's night dream to see 1600, but it will be a reality.
Click to expand...
So far I see 1570.5:)
 
Ok Bquat. So the lower chart is showing the old line of resistance, purple line, is now above the light blue line, the PPT point/line. So this makes the old line of resistance the new line of support. This "resistance becoming support" has been discussed in the last few days by others on this board. So we have a consensus. Great. Great to have technical analysis, charts, as a part of my reasons, and strong beliefs, why this market is going up and up. Thanks. Have a great weekend. Btw Bloomberg overseas futures are all green, save for one Asian fund. Monday looks good from this Friday vantage point.
 
Why is the market trying to scare me. Dumb money needs to decide that both the dollar and market can go up together.:p
 
I think we may be past the critical time and as big money gets back from lunch maybe they'll buy. Desk nap time. While you great guys enjoy your working Mondays.:)
 
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