Bquat's Account Talk

[Mcqlives]

I don't know if the 1230/1232 area can hold up today. Too far too fast on too little news? But if it does hold up we are solid for a 1260-1272 run. If it doesn't we may have a higher low forming. Let's see what the close is, the weekend brings with the EU and the reports due on Tuesday and Wed. If the EU solves their problems (I highly doubt this will happen) and the financial reports come in good next week (possible but I am guessing they will be largely flat) forget the 1268ish, we could run back into the 1300's real quick (thinking of the March through April run).

 

[Bquat]

I don't know if the 1230/1232 area can hold up today. Too far too fast on too little news? But if it does hold up we are solid for a 1260-1272 run. If it doesn't we may have a higher low forming. Let's see what the close is, the weekend brings with the EU and the reports due on Tuesday and Wed. If the EU solves their problems (I highly doubt this will happen) and the financial reports come in good next week (possible but I am guessing they will be largely flat) forget the 1268ish, we could run back into the 1300's real quick (thinking of the March through April run).

You don't think we're butting heads with the old channel or is it the top of the old channel that counts?

What do you other guys think? Is that really a channel?

Is uptrends Primary B going to drop us to 670 soon?

Is JTH going to visit?

Is NASA1974 and FAB1 going to get to 0% before Jan 1?

Answer thest here. Here's the simple charts:

Do you like them?

 

[Birchtree]

All I know is that rallies out of oversold lows are big, wickedly fast and highly profitable. A +40 point move in the SPX on Monday will set a very different tone for the rest of the week. We could easily be entering a sustained cyclical bull market upleg after completing a deep correction.

 

[Bquat]

All I know is that rallies out of oversold lows are big, wickedly fast and highly profitable. A +40 point move in the SPX on Monday will set a very different tone for the rest of the week. We could easily be entering a sustained cyclical bull market upleg after completing a deep correction.

Hope your right but I also hope it waits a week for me.

 

[Mcqlives]

You don't think we're butting heads with the old channel or is it the top of the old channel that counts?

What I am looking at is a little different than the chart you posted...on your old channel chart put your top flat line up to the 1360 mark and take your time line out accordingly (I have been looking at the past 3 years).

Is uptrends Primary B going to drop us to 670 soon?

I can't see us at 670 with the market action we have seen...even a 25% drop doesn't come close to that horrendous number.

Is JTH going to visit?

I hope so...but he is probably too busy watching CNBC (if that comment doesn't get a response then we should start to worry about him!)

I am hopeful that Birch is right but I just don't have the faith right now...enjoy your weekend!

 

[Mcqlives]

And here is the fumble from yesterdays market action as reported by the AP...

A top bank lobbyist insisted Saturday that banks and the eurozone are far from reaching a deal to cut Greece's debt, despite claims by eurozone finance ministers that they will ask banks to take steeper losses on their Greek bonds.Although the ministers did not say how much of a cut they are aiming for, a report from Greece's international debt inspectors suggested that the value of Greece's bonds may have to be slashed as much as 60 percent to get the country solvent enough to repay its debt.
The ministers on Saturday sent their chief negotiator, Vittorio Grilli, to start discussions with banks and other private investors on a new deal for Greece.
However, Charles Dallara, the managing director of the Institute of International Finance, which has been leading the negotiations, said in an interview with The Associated Press that an agreement remained elusive.
"We're nowhere near a deal," he said.

Lets hope for the best on Monday!

 

[nasa1974]

You don't think we're butting heads with the old channel or is it the top of the old channel that counts?

What do you other guys think? Is that really a channel?

Is uptrends Primary B going to drop us to 670 soon?

Is JTH going to visit?

Is NASA1974 and FAB1 going to get to 0% before Jan 1?

Answer thest here. Here's the simple charts:

Do you like them?

I sure would like to be in positive territory by Jan 1st. Thanks for your concern.

 

[Bquat]

I sure would like to be in positive territory by Jan 1st. Thanks for your concern.

It would be nice if everyone could catch a 10% gain soon.

 

[Bquat]

If we stay at this level or higher and don't drop back to 1245, we enter even a more bullish channel.

I'm in the pond watching the lucky fishermen pass by until 1260 - 1270ish. One week to wait until I can play.

The red arrow is the line from the Jul peaks.

Here's your simple chart. Comments encuraged.

 

[Bquat]

Maybe the red line is more important than I thought. Similar to this was posted in another thread and failure to break the neckline is real bearish isn't it? Just to let you know the bearish side also. This may be tested soon in a marhet near you.

You like these kind of heads up?

 

[PEP]

Figures that I get out on Friday to G and this happens.

 

[Birchtree]

And it was such a nice day today - tomorrow could be even stronger.

 

[nasa1974]

And it was such a nice day today - tomorrow could be even stronger.

If tomorrow is a nice positive day it might be worth while to jump back to G and watch the correction. So far this year in the C and I fund there haven't been to many 3-5 day in a row positive outcomes. The S fund has had one 7 day run and one 8 day run so far this year. But the most runs have been of the 3-4 day variety. Then the trend has been 3-4 days on the negative side, usually erasing all the profit. One time this year there has been 7 days in a row with a negative outcome. Todays run has made it 3 in a row.

 

[Birchtree]

You can't be cereal - go to the G fund. The market is going to cut right through 1275 real soon and not look back.

 

[nasa1974]

You can't be cereal - go to the G fund. The market is going to cut right through 1275 real soon and not look back.

I think you may be right.

I wouldn't plan on staying there for more than a few days, depending on how the market reacts. But the trend has been 3-4 days up and 3-4 days down and then a mixture of ups and downs this year. More information is do on the Greece situation by Wednesday and that could have a real affect on the market.

Compared to the last 5 months October has been the real silver lining. Just looking at the S fund it is up $1.42 a share for the month. Out of the 15 days of trading this month there have only been 4 down days. The month started out down 89 cents, then on the 7th down .37, then on the 17th down .56 and the last down day was the 19th at .35. I'm just saying we are do a down day. Maybe we can take advantage of that and earn some extra shares. Then get ready for the Santa Clause rocket ride.

 

[Mcqlives]

You may have charted it perfectly on post #870. I almost got in today at 50C 50S but I am going to hold off. Lets see what happens with the volume today and the market news tomorrow AM.

 

[Bquat]

You may have charted it perfectly on post #870. I almost got in today at 50C 50S but I am going to hold off. Lets see what happens with the volume today and the market news tomorrow AM.

Yes and we may have dropped back to the less bullish channel.

 

[Bquat]

A retest of the 1230 could help the market so don't panic yet.

 

[polarbear]

I'm crossing my fingers and chasing, maybe against my better judgment. Yesterday was a good candidate for a top for a few reasons. Your position has weight also. I am going with it.

Is that a chummy picture or what? Plus, read the article. It's pretty short.
http://www.welt.de/politik/ausland/...chs-dramatischer-Appell-an-den-Kontinent.html

Something smarmy has got to come out of that tomorrow that will charm the markets.
Has got to . . . I'm betting the farm on it. Could be in for a small setback. We'll see.

 

[Bquat]

I'm crossing my fingers and chasing, maybe against my better judgment. Yesterday was a good candidate for a top for a few reasons. Your position has weight also. I am going with it.

Is that a chummy picture or what? Plus, read the article. It's pretty short.
http://www.welt.de/politik/ausland/...chs-dramatischer-Appell-an-den-Kontinent.html

Something smarmy has got to come out of that tomorrow that will charm the markets.
Has got to . . . I'm betting the farm on it. Could be in for a small setback. We'll see.

would't by chance have it in English?