Bquat's Account Talk

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FAB1 said:
perhaps but when the moves down are greater tban the up moves we are facing a losing situation. I will hold at my reduced level for a while longer as who knows some serious buying may happen before months end. The buzz is doom and gloom so watch for the opposite.
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This double bottom is our last chance before your doom and gloom.:worried:
 
man o' man...I am out of contact for a few days after fridays discussions and things go to crap! I had some major catching up to do on reading this morning. My last two "out" lines have been crossed but, unless we close under 1546 today, I think the damage is done.

Hind-sight being what it is, I wish I had paid more attention to your spidey sense and gotten out on Friday and then I would have gone back in this morning.
 
Mcqlives said:
man o' man...I am out of contact for a few days after fridays discussions and things go to crap! I had some major catching up to do on reading this morning. My last two "out" lines have been crossed but, unless we close under 1546 today, I think the damage is done.

Hind-sight being what it is, I wish I had paid more attention to your spidey sense and gotten out on Friday and then I would have gone back in this morning.
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Don't we all. We still need to get out of this low base but I'm hoping a slow building move slowly up to prevent selling and reestablishing support. Not more whipsawing unless it's only up. Slow grind we have plenty of time.:worried:
 
So what would be the catalyst for a breakout above 1590? Easy answer. Earnings. Earnings are in line with expectations and improving. We should see some acceleration in the SPX next week.
 
Mcqlives said:
Look at that symmetry this morning. Tell me that is not program driven!
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Yes, there definitely a trading range being followed waiting for user input for direction and we know when that may happen. Post deadline of course. Even though this is a low base, I am encouraged slightly with the bottom tails showing some buying on the slight dips.
 
Well this is the best sideways movement in days. I think the market is trying to heal. Up before deadline please.:notrust:
 
I don't really see anything in the technicals that suggest a repeat of the double digit declines that began in the spring of the last three years. 72% of earnings so far beat earnings estimates. When our current nonsense is over the future beckons.
 
Bquat said:
Yes, there definitely a trading range being followed waiting for user input for direction and we know when that may happen. Post deadline of course. Even though this is a low base, I am encouraged slightly with the bottom tails showing some buying on the slight dips.
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Still staying in.:notrust:
 
a loss is a loss is a loss. today we lost.

what now? Earnings friday will tell I suppose.
 
23436d1366381696-bquats-account-talk-s-p-500-19-apr-13.png

Bquat said:
Step by step, inch by inch, strength with time, time to make a dime.:blink:
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Looks like lower highs and lower lows... support at 1540, resistance at 1550, which way will it break out?
 
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