Bquat's Account Talk

[Bquat]

Looks like several people are becoming more bullish. Being below the 5 and 11 day, I'm not seeing it just quite yet.
TSP Talk AutoTracker

 

[Bquat]

Possible false breakout. Back into sideways consolidation. Not committed to a channel yet. Recent high is still considered as lower high to last peak until gray channel is developed.:worried:

Ditto:

 

[Bquat]

I think we're coiling for bigger move once market picks direction.

Might as well ditto this too.

 

[Cactus]

We have basically been moving sideways in 2014 since rallying in December. Lookingat at the S Fund for 2013 you will notice that sideways action following a rally usually resulted in a dip down to the lower Bollinger Band before resuming the rally. We may get a pop on todays jobs report, but I would expect it to be another false breakout. Any comments?

 

[Dutchy]

Cactus....We have basically been moving sideways in 2014 since rallying in December. Lookingat at the S Fund for 2013 you will notice that sideways action following a rally usually resulted in a dip down to the lower Bollinger Band before resuming the rally. We may get a pop on todays jobs report, but I would expect it to be another false breakout. Any comments?

Good comments on S Fund in 2013. C Fund has been dipping to 20 day ema and bouncing off recently..
If C, S Fund can break and hold below 20 day at close, that would be bearish..
Market's have been very volatile this year..

 

[Bquat]

We have basically been moving sideways in 2014 since rallying in December. Lookingat at the S Fund for 2013 you will notice that sideways action following a rally usually resulted in a dip down to the lower Bollinger Band before resuming the rally. We may get a pop on todays jobs report, but I would expect it to be another false breakout. Any comments?

Yes I have noticed this too. This is also the second time I've noticed 1 2 punch bull trap market manipulation, Futures are bought by smart money, traders follow buying the open, then smart money short to take profit, traders follow and then smart money cover their shorts and traders follow. they make money both ways.

 

[Dutchy]

Bquat..Yes I have noticed this too. This is also the second time I've noticed 1 2 punch bull trap market manipulation, Futures are bought by smart money, traders follow buying the open, then smart money short to take profit, traders follow and then smart money cover their shorts and traders follow. they make money both ways.

So knowing this, and as just "regular investors" How do we trade it ? Wait and trade the peaks/valleys of the Bollonger bands ??
Most of us are restricted by TSP or 3 day settlement rules ..

 

[Bquat]

So knowing this, and as just "regular investors" How do we trade it ? Wait and trade the peaks/valleys of the Bollonger bands ??
Most of us are restricted by TSP or 3 day settlement rules ..

We don't really have to react. We can't buy futures and it is right back to where it started before our deadline. I'm just saying don't take the spikes as bullish yet or the sell offs as bearish yet. Here s the sideways consolidation without the over manipulation. Now this is just my opinion.:suspicious: I do think the bigger move is coming and hope there's confirmation in direction before it happens. I am a little bearish.

 

[Bquat]

By confirmation, I mean a test of the outside of the yellow isometric triangle without reentering it.

 

[Bquat]

Staying 25S and here's clean chart for you. Yes just for you. You know going a little more down could be better for midterm. I'll show you this weekend.

 

[Bquat]

OK, close above the triangle. Now I want to go above 1845 for confirmation.

 

[Bquat]

Staying 25S and here's clean chart for you. Yes just for you. You know going a little more down could be better for midterm. I'll show you this weekend.

OK longer term: 1839 is being looked at as short term support but it hasn't really held as support. 1833 as midline and midterm support. If 1833 breaks look out. Even though we closed higher, I fear the triple top.:worried: 1845 needed for breakout.

 

[Bquat]

This is the forth time we tried to break above this level.:worried: And yet we're not breaking down. So we are in about a !% trading range between sell and buy. Is this a flat or a bullish pattern? I staying 25S 75G and continuing my watch mode.

 

[Birchtree]

I suspect that the VIX at 11.86 -0.28 is telling me that a strong rally is only moments away. The trend continues to rally on.

 

[Mcqlives]

OK longer term: 1839 is being looked at as short term support but it hasn't really held as support. 1833 as midline and midterm support. If 1833 breaks look out. Even though we closed higher, I fear the triple top.:worried: 1845 needed for breakout.

Missed you this morning! Your Friday charts seem to be holding true today though.

 

[Bquat]

Missed you this morning! Your Friday charts seem to be holding true today though.

Yeah still watching 1845. I remember before when we got the trading programs got in a holding pattern.:suspicious: Nobody want to commit this year yet. If this were at he peak I would worry, but it' not so I worry about that. I haven't a good clue, so I wait testing the water with one foot.:notrust:

 

[Bquat]

Look at that. No hesitation on the 11 or 5 day. Something may be happening. After the deadline of course.

 

[Bquat]

I can make a channel with where we closed but can't trust it.:suspicious:

 

[Mcqlives]

I can make a channel with where we closed but can't trust it.:suspicious:

I'm looking at a bounce (including futures trading) at around 1811ish. Maybe tonight or tomorrow. I think I may go into S and I in the morning for Wednesday. Have to wait and see how things play at open.

 

[Bquat]

I'm looking at a bounce (including futures trading) at around 1811ish. Maybe tonight or tomorrow. I think I may go into S and I in the morning for Wednesday. Have to wait and see how things play at open.

I have a projection off the triangle of 1809. Myself will wait for confirmation of a bounce. We are dealing with the breakdown of longer term support. I would prefer a touch of the 50 day 1800ish or the bottom of the longer term yellow channel at 1804.There is a long term higher low line (blue-green).