Bquat's Account Talk

[JimmyJoe]

I should of had the exit purple as I was saying my exit may be 1806 - 1809. I don't want to wait for a touch and drop. The movement around the next rung is more important to me that the orange line. So anybody have ideas about short term risk at the orange line?

Good reasons for the exit at 1810 for those looking at the trees, but I'll never do it except maybe till SPX 2000. I'm looking at the forest and it is green. In the near term, the SPX will plateau at 1800 tomorrow or maybe Tuesday, with no pullback because the Dow will plateau at 16,000 later this week pulling the markets up and holding them there only to see them rise through the end of the year and well into 2014. Thanksgiving week the Nasdaq will plateau at 4,000 to maintain the overall market at its' all time highs, then all three rising. This is like a three piston engine reving, pushing a race car at 150 mph, and there's no stopping it because it's well oiled, and the holidays are coming up.

 

[Bquat]

I should of had the exit purple as I was saying my exit may be 1806 - 1809. I don't want to wait for a touch and drop. The movement around the next rung is more important to me that the orange line. So anybody have ideas about short term risk at the orange line?

May be seeing weakness here after 1800 is broken. This may be the level investors were waiting for.:worried:

 

[Mcqlives]

May be seeing weakness here after 1800 is broken. This may be the level investors were waiting for.:worried:

Nope...just the sticker shock of breaking 1800. Only my opinion but I think your channel and trend in intact, we got a bounce at 1795...

 

[Bquat]

Nope...just the sticker shock of breaking 1800. Only my opinion but I think your channel and trend in intact, we got a bounce at 1795...

Well at least a trading range to watch. Wow the drop did conform to the ladder.

 

[Bquat]

With the renewed strength and really no sell off after record high, I reestablished the F flag which is bullish until it breaks downward. Holding with fingers crossed.:suspicious:

 

[Bquat]

With 6 Fed things coming this week I'm going to G.:worried:

 

[Bquat]

With 6 Fed things coming this week I'm going to G.:worried:

Why the quick exit? Bernanke is going to speak, Fed minutes coming out, renaming of QE wrap up and two other Fed members going to talk scared me. Just heard about on news and anyone of them may say something the market doesn't like. I tried to warn in time.:embarrest:

 

[Bquat]

Trying to save my 2% even though things look bullish. How often do I get to save a gain.:embarrest:

 

[Bquat]

My other exit point being tested too. The F flag has broken down. Bearish. I may have made a good exit this morning. Even without a Federal Reserve bigmouth speaking yet. Maybe my almost new spider is developing it's spidey sense.:notrust:

 

[Bquat]

Even though nothing is broken, I didn't want to be in for Fed day. There's talk of renaming QE wrap up so there may me mention of cutting QE slightly. Also I brought back the longer term channel because we dropped back into it. I not really expecting a drop but the risk / reward is 60/40 and the chance of one is there. My exit may be early but I'm happy with it.

 

[Bquat]

Today we find out if my exit was premature. We are testing the top of old resistance as new resistance right now. If the battle is lose here a lower high is set. Remember I exited with Feds talking today and not market action. Not to say I didn't guess right.:notrust:

 

[Bquat]

Anybody nervous?:worried:

 

[Bquat]

Black cloud cover into a lower high and lower low confirmation. Bearish We do have a bull flag now but is it too narrow to maintain? We are below the yellow channel also. Guess Fed news was neutral. Looking for possible bounce on 50.0 retracement. Would like it to start at Dec 2 but how lucky would that be for me. You guys proceed with caution as I don't see much commitment from the bears yet. I still need another day for direction. Most of the free market videos sites are becoming silent but not me.

 

[Bquat]

If the bull flag is going to work, this better ignite soon because it's turning into a bear flag waving the bears in.:worried:

 

[Birchtree]

Remember, when you are on the train please do not flush when at the station - this market is just warming up.

 

[polarbear]

Yes, but look at the RSI and the MACD. Both are positive. It looks like the train is leaving the station, to quote Birchtree, to trace out the minor 5 wave of int. v of major 5,
et après ca le deluge. The last hour seems to be forming an up trend. Go little stock market, go!

 

[Bquat]

Yes, but look at the RSI and the MACD. Both are positive. It looks like the train is leaving the station, to quote Birchtree, to trace out the minor 5 wave of int. v of major 5,
et après ca le deluge. The last hour seems to be forming an up trend. Go little stock market, go!

Everything looks OK but Fed hasn't spoken yet have they? I'm out of pocket so I don't know.

 

[Frixxxx]

Honestly, I don't see much the fed can say right now since they set the money-printing level at 6.5% unemployment. We have a way to go to even start thinking that. But once we get to 7%, quoting John Bon Jovi "We gotta hold on, to what we got!"

 

[Bquat]

If the bull flag is going to work, this better ignite soon because it's turning into a bear flag waving the bears in.:worried:

Still there.:worried:

 

[Bquat]

Pretty cool you can be gone for a few hours and the same chart works.