Bquat's Account Talk

[Bquat]

I love it when the markets start off the day down, it gives us a chance to flush out the weak hands, giving new buyers an opportunity to step in, paving the way for an end of day rally. The last hour should tell us what investors want to do over the weekend, if they hold then it fairs better for Monday. I should add, the other indexes are holding in proportion to the S&P 500, meaning all is stable within today's price action.

ok I'm conpictuating and cancelling IFT. TSP Talk AutoTracker

 

[JTH]

Oh, your just picking on me in advance.:blink:

Just for the record if I had 2 IFTs like you, I would have exited on Thursday and maybe popped back in on Monday. But I started the month by exiting on a -1% down day, so I have additional ground to make up if I want to make this a successful month. So we are in 2 completely different situations.

 

[JTH]

ok I'm conpictuating and cancelling IFT. TSP Talk AutoTracker

Lol well now you're just going to be twice as mad if Monday is a down day

 

[Mcqlives]

Oh hell. I was hoping the markets wouldd turn around by deadline time. It may well turn around by end of day but if it doesn't, I can't get out on a down day.

1585 ceiling 2 minutes before deadline? I hope that is not it for the day!

 

[JTH]

As you can see from this chart of Fridays over the last 60 days, the second half of Friday looks pretty good.

View attachment 23307

 

[jpcavin]

Nothing like last minute indecision. I just did IFT 30C 30S 40I. What the hell, it's only money!

 

[Bquat]

Lol well now you're just going to be twice as mad if Monday is a down day

Stupid is stupid does. Knocked some sense into Spidey when I checked back on todays moves. Everyone and my brother was buying. You guys? So for now I hope I can thank you. Just wished I had checked 5 min. earlier.:embarrest: I hope others saw my tracker post in time. So since you guys may have saved me: Birchchart anyone? 45/55 maybe?

 

[Bquat]

Well this banter back and forth is a good example of how a the decision process works. Good minds working together to make an educated guess. Now if it's the right one you guys are heroes.

 

[Bquat]

Your ladder is intact if we re-enter the channel. But this may have been the break to the upside that a lot of us have been looking (hoping) for. If it is that break to the upside your ladder is bending. I still like the ladder idea, you'll just have to broaden the channel and re-draw with a higher slope to allow for longer term volatility.

Thanks for charting like this! It is a great idea!

Mcqlives ladder: Wider, better and stronger. 8 ft. to 10 ft. ladder.

 

[Bquat]

Fab1 I noticed you were thinking of drawing charts. Well today we have some for you. Channel with repeating patterns (ladder). 1 a descending triangle, 2 an ascending triangle and 3 an isometrical triangle. 1 bearish, 2 bullish and 3 breaks in direction of overall trend 90% of the time. So we play again on Monday. Need to break 1597 to 1602 for higher high.

 

[Bquat]

Clean chart for Monday with my did not exit line. So here we go. No I told you so. Up we go.:toung:

 

[Bquat]

Ok, longer term weekend charts. If we can maintain above 1559 this month, we'll confirm a triple top breakout and the ascending triangle pattern. Birchchart: And you know Birchcharting has a little less that 40/60 chance.:notrust:

 

[Bquat]

More of weekend charts: Should be unbiased.

 

[Bquat]

I hope I got this back to like it was for Monday.

 

[Bquat]

I should of and could of got out but I think we're ok.:blink:

 

[Bquat]

and this redraw: All right I'm bullish because I'm in.:notrust:

 

[JTH]

and this redraw: All right I'm bullish because I'm in.:notrust:

Well if it makes ya feel any better I'm getting hammered in all my positions The only prediction I know will come true is that I will be drinking something tonight...

 

[Bquat]

So if a lot of people jumped out today maybe this baby will turn.

 

[Bquat]

2% from peak. Hope the turn will come on the 20 day / 1560. Should of trusted Spidey but it was my choice.:embarrest: Now need the new channel to work. Bet I loss more in the S fund.

 

[FAB1]

S fund -3.34

WHats This??

I take one day off and the whole place goes straight to H-E double hockey sticks!!!