Bquat's Account Talk

[Bquat]

Well it looks like 1220 held big time as resistance. I posted this yesterday. Now what?

1208
1204
1198
1157
1148
1140
1120
1050
1000
968
940
900
You tell me?

Well here we go again. 1157 or 1148, there wasn't even a hesitation at 1208 0r 1198 so look out. Shouls of added 1172 area it was resent resistance and may offer support.

 

[Bquat]

Originally Posted by Bquat
Well it looks like 1220 held big time as resistance. I posted this yesterday. Now what?

1208
1204
1190
1172
1157
1148
1140
1120
1050
1000
968
940
900
You tell me?
Well here we go again. 1157 or 1148, there wasn't even a hesitation at 1208 0r 1198 so look out. Should of added 1172 area it was resent resistance and may offer support.

Well here we go again. The third time at 1220 and rejected .I'm still a little bearish. We might even go down to 1050. Well I don't think will get up there again because the 50dma should be down to there soon. On the pond ah oh yea pondering.

Is this chart still good. Hopefully we'll find out tomorrow or the next day.
What do you guys think?

 

[jpcavin]

Hey Bill

Just checking up on you. Hope you are feeling better. Stop by and say hello sometime. Miss you!

Judy

 

[Bquat]

Hey Bill

Just checking up on you. Hope you are feeling better. Stop by and say hello sometime. Miss you!

Judy

You wouldn't beleve how much faster I healed the second time around. Must of beem because the stint had the tube from the kidney opened wider and the doctor didn't have to damage me as much taking the stones out. I was suprised how big the loop was on the end. I also suprised that the pain before urinating and after went away after he pulled the stint out. He said that I could of passed the 4, 3, and 2mm because the stint had streached me. But by my luck the tube would have gotten smaller by the time they came out on there own. I have started bowling again and when I go to bed at night, I don't have the weak feeling laying down. Have done a lot of chair sleeping throughout this. Enought about me.

You have been an investing genius as of late or extremly lucky. I think you must have had some financial knowledge or you have a great learning ability. I hope you continue to do well and may follow you some in the future. Thanks for dropping buy.

 

[Bquat]

Well if we don't turn now and get below the base of the head and shoulders, we go down to 1050-60ish. If this is reacting to the bear flag we could be looking at 950 - 900ish.

I still feel good being on my lilly in the G pond still pondering. Good luck for you guys that are in but I'm still the little bear.

70/30 down tomorrow. JMHO

 

[jpcavin]

You wouldn't beleve how much faster I healed the second time around. Must of beem because the stint had the tube from the kidney opened wider and the doctor didn't have to damage me as much taking the stones out. I was suprised how big the loop was on the end. I also suprised that the pain before urinating and after went away after he pulled the stint out. He said that I could of passed the 4, 3, and 2mm because the stint had streached me. But by my luck the tube would have gotten smaller by the time they came out on there own. I have started bowling again and when I go to bed at night, I don't have the weak feeling laying down. Have done a lot of chair sleeping throughout this. Enought about me.

You have been an investing genius as of late or extremly lucky. I think you must have had some financial knowledge or you have a great learning ability. I hope you continue to do well and may follow you some in the future. Thanks for dropping buy.

I am so glad you are doing better. My husband just had shoulder surgery recently and he's been doing a lot of chair sleeping lately as well. For once, nobody is stealing the blanket! :laugh:

I'm no genius. Just luck and intuition. Seems that my luck has run out today!

 

[Bquat]

Look at the 1140 holding as resistance. This can be bad news and the market drops to 1120 S&P.

 

[Bquat]

I am spreading my lilly pads out for the added company coming to visit. If today doesn't bounce, I don't think anybody except Birtch will stay in.:worried:

 

[Bquat]

See that ringing right now? Thats the computers looking for a bounce to buy or a drop to short at this current level. It may be where the selling stops were set and need user input to sell to next level. Look out.

 

[Bquat]

I am so suprized with the buying in today. Is everyone looking for a bounce? Thought you didn't buy dips under 200 DMA. With the H&S confirming. Am I missing something?

Are they expecting us to hit bottom today?

Well good luck guys.

 

[Bquat]

Big daddy thinks. Oh, I mean little bear. I'm kinda still looking at 1050ish before even thinking about getting in. I see a lot of people are buying this dip but today only looks like consolidation off a big drop. Maybe even another bear flag forming or a rest before more down. We may be 2/3s down already but a lot of analysis say don't try to guess the market bottom. Since I just and analist and not an analysis I could be wrong.

As I have stated before, " I don't buy dips under the 200, I don't buy weakness, I don't buy in on fridays and I rather miss small gains to chance a loss".

I'm a frog in the pond pondering and don't feel ike jumping yet and by looking at the tracker, not taking chances is working this year.
This is the year of luck and not TA.

How's that my little Birch friend. I'm using inverse Birchism here if you don't mind.

 

[jkenjohnson]

I am so suprized with the buying in today. Is everyone looking for a bounce? Thought you didn't buy dips under 200 DMA. With the H&S confirming. Am I missing something?

Are they expecting us to hit bottom today?

Well good luck guys.

I'll take one of your pads.

 

[RealMoneyIssues]

I am so suprized with the buying in today. Is everyone looking for a bounce? Thought you didn't buy dips under 200 DMA. With the H&S confirming. Am I missing something?

Could be shorts being covered and/or margin calls and/or bottom buying... take your pick
HFT and day traders are ruling the day.

Are they expecting us to hit bottom today?

Some folks think we hit bottom yesterday... :nuts:

 

[Bquat]

Could be shorts being covered and/or margin calls and/or bottom buying... take your pick
HFT and day traders are ruling the day.


Some folks think we hit bottom yesterday... :nuts:

I could be wrong but I don't think so. We're retesting 1140 as resistance again and I hope there's a push for you guys that are in to win. I don't think they'll hold over the weekend and it could be a bull trap. Me wrong I hope , yes?

 

[Bquat]

Simple chart time. I think 1140 was support that became resistance. 1120 is a must hold. Some are saying triple bottom. I don't think so. I'm still a little bear looking at the bearish side of stuff. I think we continue down on monday and hope I'm wrong for you guys buying the dip and hope you don't get clip.

My lilly pad has a lot more leaves that formed more pads. So jkenjohnson, there's plenty of room.

If you don't like my simple chart please post. You can't help oyhers by not telling them the other side and I on the negative side with a negitive bias when I chart things lately. I allow you to post and use I told you so. Even if you just make the right guess because that what all we are doing is just taking educated guesses in reality.

Post your guess here: Then you can enjoy the weekend because you'll have an answer starting Monday.

 

[burrocrat]

all we are doing is just taking educated guesses in reality.

wait, wait ,wait. educated guesses? you guys have been taking educated guesses? not fair. where did they post the rules on that?

look out now boys, i'm all over that.

naah, just kidding, i think i'll stick with the regular kind of guesses. and this reality sucks so i'm still going with the fantasy too.

 

[Bquat]

Well they bought the premarket and the open, nobody followed and they sold. So will 1136 now become resistance? Nobody knows but I did like how the early buying wasn't followed up. It shows I may be right about going down.

 

[Mcqlives]

Post your guess here: Then you can enjoy the weekend because you'll have an answer starting Monday.

Did you get an answer yet?!?

OK...Several other responses to various posts in your thread.
...Glad you are up and at it so much faster this time!
...I like the simple charts for a quick glance at the trend lines so I don't have to extract that myself from a more cumbersome chart. If I need more data (usually only when I am looking at making a move) I will go to Uptrends for check out other online resources.
...As for all those that hopped in last week, I considered it as well but did not make the jump (still in F). I have one move left this month and was considering getting in for a 1 or 2 day uptick. I then checked out the market reports due this week and decided against it. I also think that any upward market moving news the EU may come out with/have come out with is short-lived.
...Good luck on guessing it!

 

[Bquat]

I guess you guys did catch a bounce glad for you. Did you guys stay in or did you exit to save this 1.5%?

We're right at the bottom of the previous channel that formed the bull flag. Do we have the strength to get back in it, I don't thinl so but who really knows.

I'm still bearish and think that the bottom of the channel will act as resistance.

I think everyone is watching these current levels because there is less posting by the old members and more questions by new members. I'm glad uptrend has been posting more frequently. His charts help.

I will continue with my simple charts because my read count is kind of steady and some must enjoy them.

This chart is still relavant and even a resent post by Oscar still talks of bear flags. Select daily videos and check them out. I'm not endorsing him but he does have some good points and graphs to concider. I used to watch him a lot but the free posts are vague sometimes. He probly gives a good heads up for subscribers.

http://www.livewithoscar.com/


Here's a repost of my simple chart:

 

[Bquat]

Well I didn't expect this move. Things must of really changed in Europe. Hope it hold for you guys and a break of 1200 would even get my attencion.

Just be careful this could be buy the news reaction and anything over 2 1/2% can cause profit taking. Nice day to watch. Come on 1200! Just a cheer for you guys, you deserve some gains.

Little bear