Bquat
TSP Talk Royalty
- Reaction score
- 603
Your heads, I'm tails let't flip for it.
The coin toss may be going your way if futures continue up.
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Bquat's Account Talk
- Thread starter Bquat
- Start date
The coin toss may be going your way if futures continue up.
Bquat
TSP Talk Royalty
- Reaction score
- 603
Well Europe approved a plan which shot my downside guess out of the water. We're even above my bull channel and testing the 200. Do we assume the old channel, do we break the 200, will the top of the old channel provide resistance? Well I hope we break it for you guys that are in.
Here a simple chart for our first test of the 200 and old channel.
Here a simple chart for our first test of the 200 and old channel.
Bquat
TSP Talk Royalty
- Reaction score
- 603
High base forming at the 200. Will the market hold this level (bullish) or sell as a failed break of the 200. But no it won't show until after IFT time.:notrust:
Eventhough I'm in the pond, if I had an IFT, I would wait. The 200 is usually a strong resistance.
Eventhough I'm in the pond, if I had an IFT, I would wait. The 200 is usually a strong resistance.
Bquat
TSP Talk Royalty
- Reaction score
- 603
Well it has to do it now or an intraday double top will be set. I missed the stampede going down so I might miss it going up.
Bquat
TSP Talk Royalty
- Reaction score
- 603
I am missing it going up. Congraduations to today's winners. I was so suprized that the 200 was broken so easily. Since all of my stuff was blown out of the water, I have done some house cleaning on my attachments and will have to get in the above 200 sma mode and look for upper levels and a more bullish outlook. I missed a gain again being in Capitol Preservation mode. If this is the move into a Bull market, I'll have plenty of time to make some gains.
I may do a simple chart after this weekend, after the dust settles and this move is confirmed. S&P 1302 was a good resistance point and maybe the train will wait for me.
FAB1
Market Veteran
- Reaction score
- 34
As you guys go buy, don't even try to knock me out of the top 100.
How sweet it is!
I am a long way from knocking anyone out on the top 200 - But today was sweet! I just hope we can hold on to the gains
tomorrow....then I am conflicted - should I stay long or take a end O' th month break? Something tells me to hold and not fold
but Ive been wrong before...think I will see if the people at the bottom of the tracker buy. :laugh:
Bquat
TSP Talk Royalty
- Reaction score
- 603
This has been a massive move. It may have forced the shorts to cover and buy into the move. Birch must be elated. On the other hand, big moves cause profit taking and tomorrow's Friday. As I said, my stuff was negated by Europe coming to a deal. It's just like when congress said they have a budget deal, buy the news and watch for a shoe to drop.
I am calm and have no chance for a loss and all is great if my friends can go positive. The market is not made in a day. Fab happy, Nasa Happy, Birch happy, me happy. . .
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Bquat
TSP Talk Royalty
- Reaction score
- 603
As you guys go buy, don't even try to knock me out of the top 100.
Thanks guys, you let me hold onto 97.Until tomorrow at least.
Handballer
Market Veteran
- Reaction score
- 12
I'm happy too. Friday should bring me a small gain or loss. I may use my second IFT tomorrow. I've been saving it for hours.
Mcqlives
Market Veteran
- Reaction score
- 24
This has been a massive move. It may have forced the shorts to cover and buy into the move. Birch must be elated. On the other hand, big moves cause profit taking and tomorrow's Friday. As I said, my stuff was negated by Europe coming to a deal. It's just like when congress said they have a budget deal, buy the news and watch for a shoe to drop.
I am calm and have no chance for a loss and all is great if my friends can go positive. The market is not made in a day. Fab happy, Nasa Happy, Birch happy, me happy. . .
Glad the aforementioned are making money...I wish I was too! But I am happy...but I could always be happier!
Went to 100% G prematurely few days ago, missed the big run-up yesterday. I still have an IFT to burn, wondering if I should use it today or wait until Monday. I don't see this market slowing down until we touch the May highs, shorts have been decimated and there's practically no resistance left...
Bquat
TSP Talk Royalty
- Reaction score
- 603
It looks like there is no selloff today to keep profits. With the 200 SMA being broken and holding the market is bullish. Fridays are low volume and we seem to be drifting up with low volume. I think investers may be happy right now and my be heading out to enjoy the weekend with no short term fear. 1300ish S&P may offer strong resistance and we may consolidate a couple of days (i hope). You could thke a chance here and can IFT 100% G Monday if you get scared and still have 2 for Nov. I don't know if this isn't the majority of the move up for the short term but many are getting in for the so called Santa Rally as it's called. Also I don't forsee any wipsaw comming. I'll stop typing so you have IFT time if you decide to do anything.
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Happy_Trails
TSP Pro
- Reaction score
- 14
What did you end up doing cak165? I couldn't help myself yesterday and went all in.
I chickened out, I'm sitting pat to see how things unfold over the weekend - there's some noise out of Italy and I'm scared there will be some second guessing from the bulls and some re-grouping from the bears as the dust settles. I do think this market is moving higher in the intermediate term, they will pull the rug from under it eventually but now that the shorts have been obliterated, the hedgies and algos will have to engineer some pullback to hop onboard and that's when I'll jump in (wishful thinking on my part maybe), I thought it might happen today but it's holding up pretty good. I got to stop reading ZeroHedge, I was convinced the market was about to crater after the EU meeting Wed. night.
Happy_Trails
TSP Pro
- Reaction score
- 14
I find that to be true of a lot of the sites out there, they have very compelling reasons to go short or go to cash or bonds. Most of those types are on the sidelines waiting for the big drawdown. If today is any indication, the pullbacks may not be quite as big as they are hoping for. As long as we can keep closing at or above the 200SMA, we will be fine.
