Bquat's Account Talk

[Bquat]

Redraw:

 

[Mcqlives]

Redraw:

so...1848-1852 is what to watch in the morning?

 

[Bquat]

I widened the channel. My neutral outlook is now slightly bearish until we get above the bottom of the old channel or weakness line. Did not get my projected possible loss but midterm damage may have started. Looking for confirmed lower low tomorrow. I think many are thinking taper will be put on hold for Ukraine conflict. So I am interested in other comments as to why the dip was bought. So does this chart look more feasible?

 

[Bquat]

To give you guys a chance to comment, I'm a gonna pause for a couple of minutes.

 

[Dutchy]

Thanks for posting Bquat.

This report is negative..

Weekly Sentiment Report: Headwinds | Zero Hedge

 

[MaStA]

We will be back in the ascending channel before you know it. If this whole Russian debacle did not occur we would have been heading the other direction today. No chart could have predicted this news.

 

[Bquat]

I'm at a loss for words.:nuts:

 

[Dutchy]

MaStA....We will be back in the ascending channel before you know it. If this whole Russian debacle did not occur we would have been heading the other direction today. No chart could have predicted this news.

Well, you were sure right Sarge.... Not only back in the channel but, boom!! back at the top of it .

 

[Birchtree]

SPX now at 1871 and still going higher - ain't it sweet.

 

[Bquat]

SPX now at 1871 and still going higher - ain't it sweet.

Remember what happened the last time you commented on my thread was 1868 and what happened. We're at the top of the channel and it may not be a good buy point for me.:notrust: The move could be over. Can't keep up with news events.

 

[Bquat]

I shall not buy into what I think is only a news based surge in buying. You don't have to follow my lead because this is 180 degrees off from what I was thinking would happen today.:embarrest:

 

[ravensfan]

I shall not buy into what I think is only a news based surge in buying. You don't have to follow my lead because this is 180 degrees off from what I was thinking would happen today.:embarrest:

Much more profitable to buy at the bottom of the channel than the top. It's hard to resist the temptation though, especially when all the market chatter is positive. It's just as hard to buy in when prices are dropping and all the market chatter is negative. Stick with the plan and you'll be fine.

 

[Birchtree]

Once you become aligned with the wrong side of history it becomes very difficult to make the conversion to the bullish pulpit - a goodly amount of potential gains will be left on the proverbial table.

 

[Bquat]

Once you become aligned with the wrong side of history it becomes very difficult to make the conversion to the bullish pulpit - a goodly amount of potential gains will be left on the proverbial table.

You know me. I'm a bullish person hindered with bearish thoughts.

 

[Bquat]

Touched the top of the channel. A F flag is bullish until what?

 

[RealMoneyIssues]

Touched the top of the channel. A F flag is bullish until what?

Until its not...

 

[konakathy]

Until its not...

Well, I'm glad to see that your new 'souroundings' haven't dulled your wit.

 

[Mcqlives]

I can't figure what has driven the market up like this. Short of adopting BTisms when charting this market should be considerably lower IMO. Bulls vs bears for a trend is open to discussion but I don't get yesterdays action at all...and if the responses are that Russia stopped its maneuvers on the border of Ukraine then the market is much more gullible and full of stupid investors than I ever thought was possible. Of course here I am out of the markets and not making money so maybe I am the stupid one.

 

[Birchtree]

Bear's last stand - hold'em or fold'em and yesterday they took down their tents and went home to their caves. They won't be back any time soon.

 

[DreamboatAnnie]

I can't figure what has driven the market up like this. Short of adopting BTisms when charting this market should be considerably lower IMO. Bulls vs bears for a trend is open to discussion but I don't get yesterdays action at all...and if the responses are that Russia stopped its maneuvers on the border of Ukraine then the market is much more gullible and full of stupid investors than I ever thought was possible. Of course here I am out of the markets and not making money so maybe I am the stupid one.

It might have been the droves running from the international/european markets to the good ole stable U.S.A. Really!

Actually it might not be a bad idea to buy some of the "I" fund right now. Also notice the Bollinger Bands have been very broad for quite sometime..on the market indices. Kept thinking they would contract to start the next wave and a buy in opportunity, but its just not happening. So if the market does not drop later this week or on Monday (for a buy in) then will need to reassess whether my strategy needs a major tweek!

So what typically happens to prices when the BBs are broad like this and bowing out? They are broad and expanding outward with price on top side so to me that indicates price will continue a steady move upward... its been that way for 2 weeks. I stayed out because it was wide, but the bowing out is what makes it look like this is not your typical sideways (up and down) volatility going on leading into the next wave. Looks like just a big broad wave.

Since Friday to Tuesday were driven by the stuff happening in Ukraine with Russia, today and the rest of this week should be better indicators on trend. hummm... I think.... jobs report tomorrow, unemployment numbers Friday.