Bquat's Account Talk

[Bquat]

1140 was hit and with a solid run up since then. The indicators have changed a lot during the past week and I don't like them at all. I think we will see a lower high either today or tomorrow (maybe 1204 or 1210) and then a sell off back down to at least 1120...and I fear that 1120 will not hold this time. As always I am watching what the power players on here do and hoping for some magic insight but, for now, I am sitting on the lilly pad.

Hope you are sitting better!

This may be a pump up head fake by big money to get mor people in before the next big fall. I could be wrong, a lot of people are buying this dip and it may be just this dip buying pushing it up. 1208 is coming up fast and then back down. I fear that if I buy in today the up move will be done or close to it.

Might be everyone buying in before Obama's job speech and Ben's. The markets may be pricing in the possible good news. Oh well it won't be the first gains I missed. I think Uptrend might be right. I had this on the third and may have been off a bump or maybe the H&S with a lower high today?

 

[JTH]

Might be everyone buying in before Obama's job speech and Ben's. The markets may be pricing in the possible good news. Oh well it won't be the first gains I missed. I think Uptrend might be right. I had this on the third and may have been off a bump or maybe the H&S with a lower high today?

There is a saying "don't fight the Fed" and it reins true that we are the best investment out there and with the proper government support we can rally this market to 1400 by year's end. This week we will make that determination...

 

[Mcqlives]

This may be a pump up head fake by big money to get mor people in before the next big fall. I could be wrong, a lot of people are buying this dip and it may be just this dip buying pushing it up. 1208 is coming up fast and then back down. I fear that if I buy in today the up move will be done or close to it.

Might be everyone buying in before Obama's job speech and Ben's. The markets may be pricing in the possible good news. Oh well it won't be the first gains I missed. I think Uptrend might be right. I had this on the third and may have been off a bump or maybe the H&S with a lower high today?

Uptrend sure makes a good case but I am open to other possibilities too. There may even be some room to the upside that I am not expecting with some good news from BO. Even with that possible upside action I don't see how we can break the 1224ish mark. Way too much negative data even without Europe being too much of a meltdown waiting to happen...Time to throw out a prediction...I am looking for 1027 SPX by the 26th. I hope that I am wrong and Uptrends 985 is even more wrong.

 

[Bquat]

Well we are right there. What will it be? Break of 1208 or bounce down completing the H&S pattern. Go up and break 1220 and you guys that are in already, I cheer for you.

Tomorrow will prety much prove me wrong and may confirm the channel is an uptrend. I may have to play catch up or get in before you pass me. Go ahead and lead me out of my little bear syndrom.

 

[Bquat]

Can we break 1208 while I sit and wait.

 

[Mcqlives]

Can we break 1208 while I sit and wait.

Double tap on 1204 and on the way down?

 

[JTH]

Whatever Benny Obama says today better be good, or we are soooooo fk'd

 

[Birchtree]

Perhaps the market will ignore Obummer and start concentrating on the next election. The Republican candidates have some interesting ideas especially reducing taxes, both on capital gains and dividends.

 

[Bquat]

He has too much of a political agenda to make the Republicans look bad. The Republicans have a agenda to make it look like he didn't accomplish anything and the Democrates like to keep the intitledment voters. Too many agendas will solve nothing. There shouldn't be large packages that hide backdoor stuff. It should be small parts that all suffer or gain equally. He is just going to jam it down their throats and try to change public opinion. This is the same as we just went through for the dept ceiling.

Small steps:

Lower minimum wage to help small business.
Pay 1/4 of the pay if you higher the longterm unemployed for one year.
Give companies $2500.00 tax break for new hires kept for the whole 2012 tax year.

Don't jam it peace meal it.

 

[nnuut]

Temporary Stimulus, not paid for.

 

[Bquat]

Temporary Stimulus, not paid for.

Yea and thoses who prebaught the news are selling now.

 

[Bquat]

Whatever Benny Obama says today better be good, or we are soooooo fk'd

Sorry buddy but I'm not. I feel for you. The market is coiling here so look out for the big move tomorrow. We have lower highs and lower lows forming and if 1157 and 1140 are taken out, look out.

I'm getting better faster this time around and able to watch the market more. I may be able to watch the videos also. Checked out live with Oscar last night. He was seeing bear flags day befor yesterday. Maybe even more selling today when they realize the President and both sides of congress are still campaning and somewhat agreeing with him to please the peoples, nothing has changed so far. $450 billion and some comentaries say why not $1 trillion.

Good luck buddy decision time. I'm on the pond and my spidey is still on top of the G fund.

 

[Mcqlives]

1150 as a higher low within todays channel? 1174 as a lower high? Short term channel is narrowing fast, this afternoon could move very fast.

 

[Bquat]

We need some good news on Monday or else. This may happen anyway.

I'm on the pond still. Still bearish,but hope for a bounce and the current channel to hold for you guys that are in.

1140
1120
1050
1000
968
940
900

 

[Bquat]

HA, HA, ha, ha, ha, HA, HA! That should cheer you up.

Good night, sleep tight, keep you money in sight, nighty nite.

 

[Bquat]

1157 acting as a resistance now. That can't be good. It confirmes that we don't have the strength to go back up the current channel. Eyes are open from my lilly pad.

 

[Bquat]

Third time the charm on 1142. Setting lower highs and holding lows. Is it coiling for a big drop?

 

[Mcqlives]

Third time the charm on 1142. Setting lower highs and holding lows. Is it coiling for a big drop?

I think it is but the coils are getting more and more convoluted. The value of the various indicators are getting over and under inflated where the market is not performing rationally but is performing emotionally. Everytime I do some more research UT's thread seems to make the most sense.

I see today, and maybe tomorrow as well, as a much shorter repeat of the August 22 rally. That one was a week plus but this one will be done in a few days. The volatility and swings are crazy this time so your "coiling" is going to result in a big movement:blink:.

 

[Bquat]

Didn't get to watch the market today. Went to see Dr. today to get stint taken out. Speak about rotor rooter
He pulled, I said whoa and looked down' he looked up and said half way. It was like taking the line off the reel and puling a sinker through the pole holes. Maybe not quite that bad. It was a like pulling out the catheter out twice.

Well I might look at the videos later and give you guys a heads up. Either way I'm ok here on my lilly. I still feel I'm ahead of the game and don't have to go from saftey yet. Should finish healing soon and going for more water.

 

[FAB1]

I dont get how that Yahoo says the F fund closed at 0.04 and we get a negative .22

this is troubling. but Im sure there is a logical explanation.