Bquat's Account Talk

[userque]

Market is fighting the drop side of my pop to a double top and drop scenario.:suspicious: That's ok. "I'm always right until I'm wrong" or is that "I'm always wrong until I'm right." This couple of months last year I should of went with the second quote.

Spoken like a professional analyst.:smile: They hedge a lot of times.

So was I right?:cheesy:

Well, if the market goes up anytime in the future, the "Market is fighting the drop side ..." part can be argued as being 'right;'

And if the market goes down anytime in the future, the " ... my pop to a double top and drop scenario." can be argued as being 'right.'

So yes, you are right.

 

[Mcqlives]

Sorry buddy I was out of pocket also. Hmm Let's say 2082 then back above the 50 day or 2070 if the 50 day turns from support to become resistance. We're testing the 50 day as resistance and the 18 day as support and go figure it's testing the 1% hesitation point from below back up. Flip the coin buddy. It's weird to hesitate down and hesitate again back up.:blink: For those not out of pocket here's a visual aid on the battle line:

I'm back in pocket...finally. Talk about the opposite of a federal Friday for me today! Thanks for the heads up and posting the chart (even though I couldn't see it). I rode it with fingers crossed and, even after doing a quick 20 minutes of reading, can't decide if I screwed myself or am just riding a blip. As usual, the chart nailed the pertinent points. Thanks and have a great weekend!

 

[Bquat]

Only two more weeks in my no trust time frame of two months.:laugh: Then I don't have to worry. Hmm, anyone still believe in the "go away for May" saying?

 

[airlift]

Only two more weeks in my no trust time frame of two months.:laugh: Then I don't have to worry. Hmm, anyone still believe in the "go away for May" saying?

I don't know what to believe. Does anyone have the statistics of the "sell in May, and go away"? What is the track record? Tia.

 

[Bquat]

I don't know what to believe. Does anyone have the statistics of the "sell in May, and go away"? What is the track record? Tia.

I don't know but last year in was a sideways consolidation. I think JTH had something about it last year. It may just be a myth as of late.It also may be when people taking off risk for summer vacation as we go into the lower volume trading period. I also think with the faster reacting computers it may have become a moot point because they can "set and forget". There will probably be some articles coming out shortly about it. It was a saying that just popped in my head while doing my last post.

 

[Mcqlives]

I don't know but last year in was a sideways consolidation. I think JTH had something about it last year. It may just be a myth as of late.It also may be when people taking off risk for summer vacation as we go into the lower volume trading period. I also think with the faster reacting computers it may have become a moot point because they can "set and forget". There will probably be some articles coming out shortly about it. It was a saying that just popped in my head while doing my last post.

I agree that summer usually has lower volumes and that computers with set and forget drive a lot of the market action. Combine this line of thought with my 2 cents...which I won't waste typing here because Tom nailed it with his commentary on the home page...and I am one market wary federal employee. I highly recommend everyone read Toms comments if they haven't already. BQuat, thanks as always for the charts!!!

 

[Bquat]

Wow What a good watch the paint dry day. A day of low volatility is nice for a change.:smile:

 

[Lakebound]

Wow What a good watch the paint dry day. A day of low volatility is nice for a change.:smile:

Hopefully it sets up a nice climb on Wednesday.

Frank

Sent from my XT907 using Tapatalk

 

[Bquat]

More charts;

 

[Bquat]

Charts:

 

[Bquat]

There you guys go. Maybe I went to bed too early because I'm up way too early this morning. Maybe I'll take a nap before coffee.

 

[Bquat]

So, what"s going on with the VIX? It seems weird to me for it staying so low. Is fear out of the market or with super computers smart money doesn't have fear? I've been thinking for a while now the VIX should pop but even Ira Epstein says it's embedded.:suspicious:

 

[Cactus]

Yeah, I expected it to pop today myself. :suspicious: Well, the morning is young yet and there's always next week with the Sell-In-May crowd.

 

[BooDog]

Hiya B! Been a bit! weird changes around here with the board, seeing oldest post first. Think I fixed my view now. And no more "like" button. interesting.

Signals I'm seeing overall seem to want a break out and move to higher highs. But then they edge juuuust about to their upper trend lines and pull back.
Thinking "sell in May" as well, but if it breaks through we may have a decent run into May. Or not. lol

 

[Bquat]

Hiya B! Been a bit! weird changes around here with the board, seeing oldest post first. Think I fixed my view now. And no more "like" button. interesting.

Signals I'm seeing overall seem to want a break out and move to higher highs. But then they edge juuuust about to their upper trend lines and pull back.
Thinking "sell in May" as well, but if it breaks through we may have a decent run into May. Or not. lol

Thanks for visiting. So far only S&P 500 is over my red lines and it's struggling with that. After we get out of April, I may redraw the midterm lines to get more of a sense on May.

 

[Bquat]

Yeah, I expected it to pop today myself. :suspicious: Well, the morning is young yet and there's always next week with the Sell-In-May crowd.

Since there's no like I'll respond. I don't know if go away in May is still relevant with most trading being done on line now. You don't have to be physically in the pit so summer vacation isn't as much as a factor. JMHO:notrust:

 

[Mcqlives]

Thanks for visiting. So far only S&P 500 is over my red lines and it's struggling with that. After we get out of April, I may redraw the midterm lines to get more of a sense on May.

Exactly what I am going to do this weekend and then freshen up on Monday.

 

[Bquat]

Exactly what I am going to do this weekend and then freshen up on Monday.

Like:smile:

 

[Bquat]

Like:smile:

There I like the like.

 

[Bquat]

So anybody think the dip buying will continue?