Bquat's Account Talk

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Moved to 100% G, expecting at least a down day tomorrow. I'll look to jumping back in May 1st or shortly thereafter. My thinking is, we may be at the top of a micro channel and people will be taking profit and hedging against the May sell. Then I think the May plunge won't happen so, I want to get the stocks from those that sell early.
 
Bquat said:
Here's a close up. My friend since you be dead lining the deadline. Won't know for sure until the post deadline move.:( I still want two more hours.:mad: Let me know how you go.
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I am still in my acceptable risk zone and am going to ride it. I wish I had a better feel for all of this. I thought of going to I today on a whim but I am going to ride S for now and hope small caps catch up with large.
 
NiteFlyer said:
Moved to 100% G, expecting at least a down day tomorrow. I'll look to jumping back in May 1st or shortly thereafter. My thinking is, we may be at the top of a micro channel and people will be taking profit and hedging against the May sell. Then I think the May plunge won't happen so, I want to get the stocks from those that sell early.
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Why waste the IFT if you expect the market to continue up?
 
RealMoneyIssues said:
Why waste the IFT if you expect the market to continue up?
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I expect it to continue up after dropping tomorrow. Since tomorrow is the last day of the month, I'm not wasting an IFT. I look at it as swerving around a pothole. Of course, it would mean one less IFT for May but, I think this will work out better. I was close to 50/50 on staying in tomorow; my gut says jump. The last time I played craps, one night I had the feeling "snake-eyes" would come up on the next roll. I had this feeling five times. It came up on four of them. For those that don't know craps, betting on this outcome is a one-time, win/lose bet on the next roll. It pays 30 to 1.
 
Mcqlives said:
I am still in my acceptable risk zone and am going to ride it. I wish I had a better feel for all of this. I thought of going to I today on a whim but I am going to ride S for now and hope small caps catch up with large.
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I hope the post deadline move is in your favor... Wow why does it have to do it right after the deadline? I clam foul.:embarrest: It only waited about 1 min. after.
 
NiteFlyer said:
I expect it to continue up after dropping tomorrow. Since tomorrow is the last day of the month, I'm not wasting an IFT. I look at it as swerving around a pothole. Of course, it would mean one less IFT for May but, I think this will work out better. I was close to 50/50 on staying in tomorow; my gut says jump. The last time I played craps, one night I had the feeling "snake-eyes" would come up on the next roll. I had this feeling five times. It came up on four of them.
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I only swerve for really big potholes, but then again the last one I thought I saw made me swerve and then I ran into the Fed embankment...
 
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Bquat said:
I kinda feel there's two chances of double topping today.:worried: Head testing right now and look at the 1% decision point I always talked about. If we get the 1% gain we'll be right at a double peak right as the computers wait for user input. We need to start building a high base right now to build strength before the next level. I would like to be wrong for you guys that are in because all I'll miss is potential gain.:)
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Here we go to find myself wrong.:cheesy:
 
Still have a slim chance of being right. At least we're finally below my direction line.:notrust: Market should make a direction move soon.
 
Ok we are still in a bullish channel. We are below my proprietary direction line , provided free to you, which may mean the market is weakening. Yet at the EOD we reentered the high base I was expecting to fail. So some afternoon selling but didn't promote sell off. I have two arrows, where the first one is mainly where I decided to exit and the second one where I probably would of exited before anyway. I see weakness but maybe I be fighting the Fed. The chart is bullish and my exit my be foolish but I feel good about it.:)
 
FAB1 said:
what goes up muzt come down

whats pumped in must pump out.

bEwARe the IdEZ of mAY!! BWAHAHAHAAAA
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You cite great words of wisdom my friend. But your omniscience doesn't provide the answer to the most important question...WHEN?
 
Mcqlives said:
You cite great words of wisdom my friend. But your omniscience doesn't provide the answer to the most important question...WHEN?
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Maybe soon. We have broke the higher low line and haven't reached the higher high line with the last two peaks. We may re-exit the channel to the right. Just my one cent worth. You two can flip the other one.:blink: Was at VA this morning, sorry for late response. It can go either way but since I'm out I choose down.
 
With the current action I have a 60/40 chance of being wrong but I'm providing a FIB for future reference.:confused:
 
This market will not exceed 1600 b/c negative noos will cause a dip and then the correction.

Whats worse is the topic Tom brought up the debt/cash cycles with a deep dive possibly looming in the neaefurure
 
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