Bquat's Account Talk

Sort by newest Sort by date
Bquat said:
Good morning guys. I have changed my channel to yellow because I truely want to go Birchy here. 50% of traders that have stayed on the sidelines were looking for a dip to get in. Today with the confirmed move up they should do that. If they do, oh well I should say when they do, shorts will have to cover at the pink line where they shorted the market. Sure everyone is worried about QE3 unlimited ending but that was put out to cool things down. Inflation will increase as the ecconomy turns but with inflation interest rates should go up also and enable more lending. Housing starts may be down with midwest to eastern storms. These same storms are laying snow and rain in drought stricken areas. This can have a big effect on the farming and ranching industries. When the weather gets better and Governor Christy gets the NJ fiasco straightened out there will be a resurgance of the housing boom. Now this is a Birchy outlook on a Secular Bull market and can be real risk to your financial holdings. So be aware of the risk in Birch trading.

Ok, that said. I'm still in and think we'll reenter the channel and resume the uptrend. And who am I? I am the guy 1% from being a contrary indicator and that's my one cent. Somebody lend me a penny and it can be our two cents. Right wingmen.:)
Click to expand...

Nice summary...and I hope it becomes reality. With sequestration coming up I am not sure of dumb money doing anything. Smart money could be your short buyers but for how long? This could keep either volume or volatility down and make it hard to chart accurately. For now 1497 is still my line for a confirmed downtrend.
 
Birchtree said:
Volume did explode yesterday during the intraday rally to around 4 billion shares.
Click to expand...

I just want to see that continue...actually I would be happy with a decent percentage of that to continue during short buying. Let's hope the lines Bquat drew hold on the down and break on the up!
 
Still looks weaker than I expected. Is above your exit McQ. So do you think we're sideways consolidating or in a low base. Tick toc time to watch.
 
Not a TA market but going with the little flag anyway. Worked yesterday. I think all bad news is in.:rolleyes:
 
Bquat said:
Good morning guys. I have changed my channel to yellow because I truely want to go Birchy here. 50% of traders that have stayed on the sidelines were looking for a dip to get in. Today with the confirmed move up they should do that. If they do, oh well I should say when they do, shorts will have to cover at the pink line where they shorted the market. Sure everyone is worried about QE3 unlimited ending but that was put out to cool things down. Inflation will increase as the ecconomy turns but with inflation interest rates should go up also and enable more lending. Housing starts may be down with midwest to eastern storms. These same storms are laying snow and rain in drought stricken areas. This can have a big effect on the farming and ranching industries. When the weather gets better and Governor Christy gets the NJ fiasco straightened out there will be a resurgance of the housing boom. Now this is a Birchy outlook on a Secular Bull market and can be real risk to your financial holdings. So be aware of the risk in Birch trading.

Ok, that said. I'm still in and think we'll reenter the channel and resume the uptrend. And who am I? I am the guy 1% from being a contrary indicator and that's my one cent. Somebody lend me a penny and it can be our two cents. Right wingmen.:)
Click to expand...
Well I'm happy with todays action and like how the 20 Day acted as support at the end of the day. So now all we have to do is recover the 5 and 13 Day.:) So dip buyers continue.
 
I'm waiting patiently for a blast off day with a 50 point SPX gain to make everyone nervous as a cat on a hot tin roof - a 400 point Dow gap open would certainly fill some pants. It's just the type of action that no one sees coming - but the liquidity is available for rocket fuel. Perhaps a good outcome in Italy would be the catalyst.
 
Birchtree said:
I'm waiting patiently for a blast off day with a 50 point SPX gain to make everyone nervous as a cat on a hot tin roof - a 400 point Dow gap open would certainly fill some pants. It's just the type of action that no one sees coming - but the liquidity is available for rocket fuel. Perhaps a good outcome in Italy would be the catalyst.
Click to expand...
Hay did you notice about 95% of the first 20 on the tracker went to G last night and the next 50 people are in the S fund. I guess they may switch places.
 
Birchtree said:
I'm waiting patiently for a blast off day with a 50 point SPX gain to make everyone nervous as a cat on a hot tin roof - a 400 point Dow gap open would certainly fill some pants. It's just the type of action that no one sees coming - but the liquidity is available for rocket fuel. Perhaps a good outcome in Italy would be the catalyst.
Click to expand...
Yeah but when? Come on big jump, don't be afraid. 400 points would make a lot of bulls happy. We're so sideways now. Some nice warm Spring days would get people thinking of making money so they could spend it on sailboats, girlfriends, cars, vacations. Yeah. A real nice week of warm Spring like weather. That'll do it.
 
Come on big jump, don't be afraid mr stock market. 400 points would make a lot of bulls happy. We're so sideways now. Some nice warm Spring days would get people thinking of making money so they could spend it on sailboats, wives, girlfriends, cars, vacations, bathroom upgrades. Yes. A real nice week of warm Spring like weather. That'll do it. Seriously. I think that will do it. Spring weather is just what this market needs. It will be great for the markets. I remember about a month ago. The weather turned warm for a brief spell. The markets responded warmly. They rose like a hot air balloon. G'Night all.
 
Was doing so good. What just happened and what is the deal with the S fund being so weak?:worried:
 
It's looks like this year the market is trying to be my friend and trying it's best to keep me from being a contrarian indicator. It's using my buy in line as support. Hope it holds true for the S fund.:cheesy:
 
The 13 day is tring it's best to become support. So we can become bullish again if the channel remains 13 Day supported.
 
Get ready - I see a large dust cloud forming in the distance. It's either a tornado or the bull herd is on the move. Some will eat hoof dust before the day ends.
 
Hope the 20 holds...if not we may see JTH's forcast from last week come true. I was surprised to see him in today.
 
I am so much trying to stay in this market. I feel all the bad news is in and I want 2 IFT's for March. Spring will help everything. Drought over, bad weather over and deal made after sequester starts or maybe before. I will try to do my lines right after closing. I just don't see big drop because it could of happened already. .90% from being contrarian.:cool:
 
Hang in there friend it's difficult to say where this will go. I'm prepared to absorb a 2% pullback from current levels, anything beyond that gets scary...
 
You must log in or register to reply here.

Similar threads

RevShark
  • Article Article
RevShark's Traditional Thanksgiving Post 2024
Replies
2
Views
628
nasa1974
nasa1974
UNIX84
UNIX84 Account Talk
Replies
15
Views
3K
UNIX84
UNIX84
tsptalk
  • Article Article
When traders become buy and holders
Replies
1
Views
346
JTH
JTH
tsptalk
  • Article Article
TSP Talk - An inauspicious start to the New Year
Replies
1
Views
422
nasa1974
nasa1974
tsptalk
  • Article Article
TSP Talk - Where is the October volatility?
Replies
0
Views
328
tsptalk
tsptalk
Back
Top