Bquat's Account Talk

[Birchtree]

There is a strong possibility that fast money will want to push the market up past 1565 to generate some anxiety provoking good will. Get more folks off the platform.

 

[Bquat]

There is a strong possibility that fast money will want to push the market up past 1565 to generate some anxiety provoking good will. Get more folks off the platform.

Well my bull flag worked and we got close to it. With the strenght into the close, we may have a bullish breakout of the asending triangle. We may have shorts covering tomorrow.

 

[Bquat]

Staying above 1552 is a good thing. I think we're still ok. Wonder if I should draw this more like a trading range? This is a repeat pattern like the 18th. We could come out of this weakness and still pop. We're still good with the ascending triangle. Need this dip to continue to be bought.

 

[BearTrap]

Tomorrow will be the test. Dip buyers keep coming in during the last 2 hours of trading, but will Thurs be profit taking day for the quarter?

 

[Bquat]

Tomorrow will be the test. Dip buyers keep coming in during the last 2 hours of trading, but will Thurs be profit taking day for the quarter?

I'm hoping for the oppisite. Yes the buying today and an increase in buying tomorrow when we continue higher.

 

[Bquat]

Got to go senior bowl.

 

[Mcqlives]

I'm hoping for the oppisite. Yes the buying today and an increase in buying tomorrow when we continue higher.

Ditto. I penciled in this monotonous trading range we are in yesterday and compared it to past weeks long ranges... and I think we are ok still. I did raise my out line to 1546 though. I just wish volume would pick up on the climbs to give the bulls the kick we need.

 

[FAB1]

Its that darn invisible ceiling again. Are we forming a flat top yet? Im skeered.

 

[Birchtree]

Flat tops were popular in 1952 and are still held in high regard by airborne Rangers.

 

[JimmyJoe]

Flat tops were popular in 1952 and are still held in high regard by airborne Rangers.

You Birch, are right on it or out there today. Being a Navy brat in the 50s and early 60s I was there. There's a player for I U basketball, number, get this, 0, who looks like he's back in the day. He's got that serviceman's AIT special crop cut. You are right, though about flat tops in the charts today, with all due respect to their creators (they've helped me along the way). Today's marker is going to go parabolic as soon as people realize that most stocks are cheap now.

 

[FAB1]

S&P didn't break thru. S fund made a little profit, meh.

I dont know how much longer I will wait for this "parabolic thang" to happen, at least the dips are still getting bought
but how long?

 

[Cactus]

Until right after you move your remaining funds in or out. Isn't that the way it works?

 

[FAB1]

Where are You O Great Quatro?

we need your guidance.

 

[Bquat]

Staying above 1552 is a good thing. I think we're still ok. Wonder if I should draw this more like a trading range? This is a repeat pattern like the 18th. We could come out of this weakness and still pop. We're still good with the ascending triangle. Need this dip to continue to be bought.and I'm hoping for the oppisite. Yes the buying today and an increase in buying tomorrow when we continue higher.

We are still intack. Eventually instead of selling the buying should pop. This is a bullish pattern buy the way.The line I entered at was tested right at the close today! The "Non-Contrarian.

 

[Bquat]

Where are You O Great Quatro?

we need your guidance.

I am here. Let's light this candle.

 

[Bquat]

Ditto. I penciled in this monotonous trading range we are in yesterday and compared it to past weeks long ranges... and I think we are ok still. I did raise my out line to 1546 though. I just wish volume would pick up on the climbs to give the bulls the kick we need.

1546-47 is the bottom of the trading range, 1540 is the bounce area. Maybe?

 

[JTH]

1546-47 is the bottom of the trading range, 1540 is the bounce area. Maybe?

If I recall correctly, CNBC' Fast Money's Guy Adami called 1551 as the key level, and remains bullish above that level. He usually calls the major levels rather well.

 

[Bquat]

Why is big daddy awake so early? I don't know. Since I be up, I'm a gonna atell you about my post drought spring effect on the market. This is my one cent and may be only my opinion.:notrust: Yes spring in the non-contrarian enviorment. While some are looking for a selloff into or on the onset of the second quarter, I'm thinking the oppisite. The winter storms should start subsiding and have done a lot for the drought situation. Why so much cheer? Durring the drought there was less crops grown, more pigs and cattle slaughtered and far less pesticides used. This in effect will cause a big difference this spring. The midwest and farm belt has been able to heel more than it has in years. First wave: Flowers and bugs. There will be a big increase in wild flowers and bugs with the lack of pesticides use last year and the dwindling bee population can increase. Flowers will feed the increase of bugs which will feed the birds and small animals and so forth throughout the food chain. Second wave: Farmers will buy record amount of seed to make up for last year,piglets and calves will have record sales also to replentish the herds. Third wave: These record crops will be bought up to feed this increase of livestock which will start the flow of money around the farming community. Finally the cattle and pigs will be sold and a lot of the financial hardship in the farmbelt will be gone. Just a theory.
Come on spring.

 

[Bquat]

I don't know about you but my coffee is ready. I am also ready to watch the market some today. My hope is a buy into higher highs instead of selling to test the bottom of the triangle again. I still have faith in this pattern. Have you noticed we retested the pop line and stayed above it (light grey).

 

[FAB1]

Toms comments had some points that scream Run Away but I am going to hold out a little longer. And it would be nice to crossover into April invested rather than in G fund. We need to get above 1565 enough so that it becomes support. If its strength as support rivals its strength as resistance we.will be on our way to the new plateau.