Bquat's Account Talk

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Like I said "I don't know why we spiked" and what we don't understand we mock. I'm still untrusting and can still be wrong. I think this is a last ditch bull trap to squeeze a last drop of profit. Japan dips and we spike? Ok Mr. Wrong will not go long. Convince me, I'm trapped in my own mindset. Ok in reality the market seems to be weakening to me.:worried: Here's the charts for your comments and thanks guys for keeping my view count up. Let me know if you see something different in the charts or maybe post your own for others.:D Yes Fab that is a bear flag but the last bit got back above mid-channel support.:notrust:
 
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What if I was right about the double bottom involving into a descending triangle but was too early on my assessment? This could happen. I would like this correction to be about 5%. Just another possible bearish scenario.:worried: We have our lower high and can confirm today with lower low. Now cast your votes. Ok, I could be too bearish here and the bottom of the channel could hold.:notrust:
 
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Bquat said:
What if I was right about the double bottom involving into a descending triangle but was too early on my assessment? This could happen. I would like this correction to be about 5%. Just another possible bearish scenario.:worried: We have our lower high and can confirm today with lower low. Now cast your votes. Ok, I could be too bearish here and the bottom of the channel could hold.:notrust:
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I did not think we would get up to the 1675 range in one day...so much for my short term plans of making some money back. The way I see it, your possibility is a strong one. I am looking for the key level to happen today with a bounce or a fall from the 1652-1655 area. I am hoping we repeat this springs activity with a trading range developing (from the 1652ish to 1675ish range). There isn't much recent trading to support this though. Hopefully we know by noon.
 
Mcqlives said:
I did not think we would get up to the 1675 range in one day...so much for my short term plans of making some money back. The way I see it, your possibility is a strong one. I am looking for the key level to happen today with a bounce or a fall from the 1652-1655 area. I am hoping we repeat this springs activity with a trading range developing (from the 1652ish to 1675ish range). There isn't much recent trading to support this though. Hopefully we know by noon.
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NEVERMIND! I am looking at too narrow of a range...time to look at the fibs and the 50day
 
Mcqlives said:
I did not think we would get up to the 1675 range in one day...so much for my short term plans of making some money back. The way I see it, your possibility is a strong one. I am looking for the key level to happen today with a bounce or a fall from the 1652-1655 area. I am hoping we repeat this springs activity with a trading range developing (from the 1652ish to 1675ish range). There isn't much recent trading to support this though. Hopefully we know by noon.
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You know this market is going down because of good economy news yesterday. Making a less chance of unlimited QE continuing in the long run.10% home price increase and great car sells even going into the normal summer low sales time frame. People are buying cars because of less worry about being laid off. Lower wages but steady jobs are the win-win scenario. After this dip and I am hoping for a larger one then as of late, the market should start becoming more economy based and stronger dollar. Both could maybe soon travel in the same direction. Ok, let's just not get ahead of ourselves.;)
 
I am so surprised how quiet the site is. Many must have only on monitor and can't watch the market today and this site. Look at your video card. Many of the recent video cards will support the newer monitor and another SVGA one. Just suggesting.;)
 
Continuing to watch the pattern. Was maybe thinking of going to F but will wait as the top of the pattern could be retested. Will the market still continue to weaken as economic news get better? Is big money more worried free money will dry up? That's the big question. Is good bad or bad good? I'm hoping the inverse relationship continues until the market can self perpetuate itself. (Birchism);)
 
2 monitors... fancy fancy... I am still using my win XP NMCI machine... 08 was slow in approving win 7 so maybe i will get my new machine this summer...

today isnt a good day in the markets....
 
maverick06 said:
2 monitors... fancy fancy... I am still using my win XP NMCI machine... 08 was slow in approving win 7 so maybe i will get my new machine this summer...

today isnt a good day in the markets....
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Win XP was a good system. Windows 7 is good too. It was good enough to upgrade to. Thing is: As you upgrade things look out for hidden tool bars. Always chose custom up grades. Upgrades and Win 8 seem to be more and more bundled with Google and Facebook and social media data gathering. Even Acrobat reader tries to put in tool bar. I think even windows software is entering social data milling applications that antivirus doesn't monitor.:mad:
 
Heads up. Many are using their last IFT to get in for next month to be able to be in and have two IFT's for June. TSP Talk AutoTracker This is a good idea in normal cases but the pattern suggests a drop Thursday or Friday. So for those I hope I be wrong.:worried: The last part of May is normally more bullish than the first half but I feel this is a reverse acting market by QE effect. IE: Good news is bad for QE. So be informed and guess better than me.:)
 
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