Bquat's Account Talk

[Whipsaw]

Just don't let me being a chicken over influence you. I'm playing a guess here.

You're guess is as good as mine. MJR is saying get in, FWM is saying get out, Tsunami is calling out a correction/fobinacci down wave, Clester, a test of the 200 DMA ... break out, break down, slightly better to lose gains than incur losses on a coin toss. Besides, the articles posted are leaning toward safety. Only time will tell.

 

[Bquat]

The market ended right on my support / resistance line that I didn't know what color to use. So we're below 1893 that JTH called so I pick red:

 

[JTH]

JTH, another good call and your 1893 may be good too: Your always welcomed here and keep trying to keep me straight.

Thank you my friend, I wish I could post more often but I'm glad you're able to keep us informed

 

[Bquat]

Ok, here we go. Very important moves today. Today we find if the weekly goes back down to 1880 or stays strong. The last few weeks returned to 1880 by end of week.

 

[Bquat]

The market ended right on my support / resistance line that I didn't know what color to use. So we're below 1893 that JTH called so I pick red:

Blue: We are technically in a high base which is bullish but I think since we're at the 1% level above the last bounce the dark purple line has a 60/40 chance of holding: Site a little slow this morning.

 

[Bquat]

Never mind it's just me that's slow. I'm streaming FOX Business on my third monitor that I added.

 

[Bquat]

Yes I have missed this move but I'm not buying near the top. Saving the last IFT is maybe too important to me but I'm doing it:

 

[Bquat]

Well it's official. I missed out on about 1.3% gain saving the IFT. Now I have to see what if saving the IFT is good or not. Like some got in 3 days ago and made an exit today. I have to see if a later entry next week was worth it?

 

[Bquat]

So I have to decide if I'm in Capital Preservation (hopefully for May only) or just have a failure to commit problem. Check out Live with Oscar. He's getting good at explaining how bear flags become continuation patterns. He's like a cat. Lands on his feet. http://livewithoscar.com/Stocks/DailyVideo.aspx

 

[Bquat]

1878 30/70 chance: Is a Holiday Trend Reversal possible?

 

[Birchtree]

The next 7 months of 2014 could be like 2013 all over again - the hoofhearted are going to turn it up big time. I can feel the rumble as they approach.

 

[JTH]

1878 30/70 chance: Is a Holiday Trend Reversal possible?

Following a light volume rally?

For the Wilshire 4500, here is what I expect over the next 15 days till June 17th

Bulls: 1.6-4.5% gain over the next 15 days, Bears: 2.8-5.8% loss over the next 15 days

Some other factors to consider...

1) Transports (the leader) put in a double top breakout on Friday
2) The S&P 500 is within points of a double top breakout and closed with all-time highs on Friday
3) Wilshire 4500 has gained 2% over the last 3 days
4) NASDAQ 100 closed at a 43 day high
5) Russell 1000 closed with all-time highs
6) Russell 2000 has gained 4% off the 15-May low
7) Russell 3000 closed at a 33 day high
8) Historically, this last week of May is the strongest

Watch this chart, the two symmetrical triangles tell the story

View attachment 28758

 

[Bquat]

Not looking at all like a Holiday Trend Reversal. Yet? This is a passed head test: Bullish, I don't know if I can trust this. I do realize I may need to take the fence down because I"m ending up on the wrong side too much.

 

[Bquat]

No move for me today. I expect higher volume tomorrow. The drift up may stop or it may not.

 

[Bquat]

Still not seeing confirmation in the F fund: Still not showing big drops with other funds going up: AGG Basic Chart | iShares Core Total U.S. Bond Ma Stock - Yahoo! Finance

 

[Bquat]

See:

 

[BichonFreeze]

No move for me today. I expect higher volume tomorrow. The drift up may stop or it may not.

I'll bite today. Moving in for a planned early exit in June. Probably biting too late, eager money is dumb money

 

[Bquat]

I'll bite today. Moving in for a planned early exit in June. Probably biting too late, eager money is dumb money

Ok, very bold move at top but I can't call a top so you may be ok.:notrust:

 

[Bquat]

Well the long weekend is over and everyone should be recouped and ready to trade. Clean chart for today's higher volume:

 

[BichonFreeze]

F fund is surging. Of course I had to trade out yesterday