Bquat's Account Talk

[nnuut]

Bquat, that is a hurter! Get well soon, I feel your pain.

 

[Bquat]

Well the tube and bucket is off, a week of that keeps you from doing anything. Go to get Xray to see if they manually got most or all of the 7.7 mm one. I hope I don't have to redo the manual process again, though is is less painful than passing one.

Well back to market. Breaking 1313 to 1320 would be bullish. Breaking 1300 would be slightly bullish, but if it holds and we bounce down again it can be bearish. Going below 1263 would be bearish and we don't ever want to break 1257.

Slightly bearish for tomorrow, but haven't got my spidey sense yet. Here is a simple chart of what I'm looking at:

 

[Bquat]

Thanks guys for keeping my reads up and getting me over 20,000

FAB1 maybe we will switch places again tomorrow?

 

[Cattman]

I feel your pain. Never again want to go the manual extraction (8 mm)! I'd love to see a 1320+ day tomorrow.

 

[RealMoneyIssues]

I feel your pain. Never again want to go the manual extraction (8 mm)! I'd love to see a 1320+ day tomorrow.

Not me, I'm not in the market...

 

[nasa1974]

Well the tube and bucket is off, a week of that keeps you from doing anything.

I know what you mean. I had one attached to me for two and a half weeks after my prostate surgery.

 

[Birchtree]

Those TURs can be stressful.

 

[Bquat]

We need to build a high base level here so we can break the 1295 resistance and gap above 1300 to set up for 1313. I'm hoping for a setup above 1313 as an entry level to a new run up. Need to do this for July when I can think about reentry.

 

[nasa1974]

Unless we have a great run in the market the next 3 days the CSI funds will end negative for the second month. I am not going to hold my breath. As of yesterday the C fund was -0.77, S fund was -1.22 and the I fund was -1.16. Nice numbers right now but as we know that can change in a heart beat.

 

[Mcqlives]

We need to build a high base level here so we can break the 1295 resistance and gap above 1300 to set up for 1313. I'm hoping for a setup above 1313 as an entry level to a new run up. Need to do this for July when I can think about reentry.

I have not been very accurate on my long term guesses but here is a short term one...1313 for some point on Thursday with a close just under. Friday will bring a nearly flat day after some profit taking in the morning. Unless of course there is some bad news anywhere about anything then who knows what will happen Hope you feel better.

 

[FAB1]

Thanks guys for keeping my reads up and getting me over 20,000

FAB1 maybe we will switch places again tomorrow?

Oh, its the 30th now and I dont have any idea where are you? I never breached 100, I think I got to 118 or something and then S fund/ train passed me.
Got in the S fund too late.

 

[Bquat]

Oh maybe 255 or lower.

 

[Bquat]

We need to build a high base level here so we can break the 1295 resistance and gap above 1300 to set up for 1313. I'm hoping for a setup above 1313 as an entry level to a new run up. Need to do this for July when I can think about reentry.

Whoo this did happen. Resistance at 1320. This went up too fast and we may see profit taking this afternoon or tomorrow. So heads up.

 

[FAB1]

Oh maybe 255 or lower.

Ok I dug down and found you. Maybe I will get there first. But if so it will likely be due to people passing on their way down and pushing me up.

 

[Bquat]

Ok I dug down and found you. Maybe I will get there first. But if so it will likely be due to people passing on their way down and pushing me up.

I think you did a good move getting out and you did catch some good while you were in. I think something is brewing. It moved up so fast that it may be a bull trap, but if 1313 can hold tomorrow and Monday, we may be forming the new bull channel. I'll make a new simple chart tomorrow. I now have IFT's again but may be more careful since the last move in F was kind of a loss because I didn't get out in time. I am getting better and can sit on the computer chair now and can read the posts and watch the videos. I feel like the market may start to move a little better for TA types. No FAB thats Technical Analysis, dude.

 

[Mcqlives]

... It moved up so fast that it may be a bull trap, but if 1313 can hold tomorrow and Monday, we may be forming the new bull channel. I'll make a new simple chart tomorrow. ...

Boy was I off on the 1313ish close yesterday. And no one looks to be taking any profits this morning. Now, 1332 just acted like a brick wall but a narrow band is there with 1330 providing a little line of resistance. ISM came in nice...now if transports can give a boost the bull channel may become reality. China's ISM has really dropped over the past couple of months though so I am sticking in S for now with a close eye on C.

If we break the 1332 today I don't know if we have enough to get to 1345. Do you think we can get there? Thoughts?

Glad you are doing better!

 

[Birchtree]

The first four trading days in July may be a shock and awe to force short covering. When the VIX drops below 15 (currently 15.44 -1.08) there will be a rush of mom and pop money coming out of money funds and low interest paying bonds. SPX 1370 can come up real quick now that the economic soft patch may be firming. I'll take all this action.

 

[jpcavin]

Bill
Haven't seen you around in a while. Glad to see you're back in the game. But you're gonna have to keep up with me.

 

[FAB1]

Looks like these Cloud tops are flattening out...when we get a nice thunderhead then the Downpour.

at least 25 whent to the G fund today, will today's buyers be all wet come Tuesday?

 

[jpcavin]

Looks like these Cloud tops are flattening out...when we get a nice thunderhead then the Downpour.

at least 25 whent to the G fund today, will today's buyers be all wet come Tuesday?

That's 25 possible slots on the tracker for me.