Bquat's Account Talk

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Still waiting for my confirmation lines to be crossed. I did like today's action. It did seam more like building support. Well if they're crossed pre-deadline, I have to figure if I want to enter on a Friday.
 
You know the DOW is not showing as much volatility as the rest of the markets and I can't see why the gap isn't being filled. Do you know? I think it's going to pop tomorrow and I'll miss it.
 
I don't think there's much "trust" anywhere. I keep hearing "the worst is yet to come". Though I also ask myself, "when is enough enough". They do look good for a bounce, but likely not more than a dead cat bounce. If it continues into the Nov elections I'd be surprised. Energy is the place to buy on the weakness imo, I'm more of a biotech under $5 player for now but some of the oil and energy stocks are looking pretty good. Why do I digress? I'm watching to see if smart money takes more advantage of the dip market wide to hold the support or, if this is just a bounce before "the big drop".
 
I think we might be a go. Just watching the 200 Day in S&P 500 and my river in the W4500:
 
Bquat said:
I think we might be a go. Just watching the 200 Day in S&P 500 and my river in the W4500:
Click to expand...

Smart. Watching the 200 resistance on a few. Sometimes I see "pincher" plays fizzle and drop even lower unless it can break through a decent resistance level. A bit surprised we've made it this far. 16300 for the DOW was a fairly decent resistance so that may hold for support. Still a good ways to go to see my divergence indicators say we're good to go. Confirmation one way or another Monday imo. SPY back over the 200 is a good start ~ flow from the Russell pushing the others or is it sustainable. Tough question, And I have a feeling I know what the bears would be saying. RUT having difficulty holding the 20dma looks like.

Don't let my indecisive rambling influence your decision.
 
BooDog said:
Smart. Watching the 200 resistance on a few. Sometimes I see "pincher" plays fizzle and drop even lower unless it can break through a decent resistance level. A bit surprised we've made it this far. 16300 for the DOW was a fairly decent resistance so that may hold for support. Still a good ways to go to see my divergence indicators say we're good to go. Confirmation one way or another Monday imo. SPY back over the 200 is a good start ~ flow from the Russell pushing the others or is it sustainable. Tough question, And I have a feeling I know what the bears would be saying. RUT having difficulty holding the 20dma looks like.

Don't let my indecisive rambling influence your decision.
Click to expand...
Now you tell me. I saw an up tick right after the 200 day was takened and it wouldn't have even done that if the bears were trying to drop it so I think we'll retake it. They were just trying to freak us out. I like how yesterday and today were building instead of gaping. The gap in the DOW was unavoidable because it was in follow mode. So let's see how smart we are.
 
Bquat said:
Now you tell me. I saw an up tick right after the 200 day was takened and it wouldn't have even done that if the bears were trying to drop it so I think we'll retake it. They were just trying to freak us out. I like how yesterday and today were building instead of gaping. The gap in the DOW was unavoidable because it was in follow mode. So let's see how smart we are.
Click to expand...

I type slow. :)

Till Monday. Cheers Bquat.
 
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