Bquat's Account Talk

[Bquat]

I guess I still contrary to the tracker. A lot are entering and I'm still out. Must be Spidey sense and capital preservation. Little Bear see's Bear Pennant forming. I for one don't think the dip's finnish otherwise we would see 2% bounce off support. Here's what I'm showing. Prior support becomes resistance and we didn't even get to that, so I drew a new resistance line.

Contrary post welcomed. What are you guys seeing?

PS Activities have cancelled because of rain.

 

[Mcqlives]

I guess I still contrary to the tracker. A lot are entering and I'm still out. Must be Spidey sense and capital preservation. Little Bear see's Bear Pennant forming. I for one don't think the dip's finnish otherwise we would see 2% bounce off support. Here's what I'm showing. Prior support becomes resistance and we didn't even get to that, so I drew a new resistance line.

Contrary post welcomed. What are you guys seeing?
PS Activities have cancelled because of rain.

I am still out as well (50g50f) and looking at 1202 or 1196ish as support marks. We hit 1209 for a second today and now are hovering in a very narrow range. If the bulls don't come out very soon it could be a bad afternoon. Hope things get better soon but I am glad I am out.

 

[Mcqlives]

Also...check out the action on the VIX

 

[Bquat]

I am still out as well (50g50f) and looking at 1202 or 1196ish as support marks. We hit 1209 for a second today and now are hovering in a very narrow range. If the bulls don't come out very soon it could be a bad afternoon. Hope things get better soon but I am glad I am out.

We need to consolidate or reverse right now for the Inverse Head and Shoulder to work. Plus this is the place to bounce off the Fib 61.8 line.:worried:

 

[Mcqlives]

We need to consolidate or reverse right now for the Inverse Head and Shoulder to work. Plus this is the place to bounce off the Fib 61.8 line.:worried:

Agreed...and with the action during the last 5 to 10 minutes, I think a lot of traders are betting on it! Actually, I think this may be it. The 1202 held and, unless Europe comes out with something unexpected tonight, those that bought in for tomorrow should make some money! Good luck all!

 

[Bquat]

Agreed...and with the action during the last 5 to 10 minutes, I think a lot of traders are betting on it! Actually, I think this may be it. The 1202 held and, unless Europe comes out with something unexpected tonight, those that bought in for tomorrow should make some money! Good luck all!

I need 1210 and maybe 1216 to be broke for confirmation.

 

[Mcqlives]

1218 for me...for the 3rd time. Even then there are some hurdles (1235) to jump.

 

[Bquat]

1218 for me...for the 3rd time. Even then there are some hurdles (1235) to jump.

We'll half it 1217.

 

[Bquat]

Good morning guys. I'm not saying yet that the Inverse Head and Shoulders is going to work,but if it does, here are some resistance levels. You might want to copy this because I may clean the chart up later. I can guess the points later. If we go to gap fill, here is a support level we might hessitate on.

The futures are green but haven't crosed the 1217ish level and could be just a small bounce by day traders buying in to get others to follow when we hit support. Remember anything less than 1.5% may be a bull trap like this market has done several times.

1217ish S&P is where Little Bull may jump in. Getting back over the 20 and 50 period moving averages on the 30 min could be quite bullish.

Little bear would like us to low base below them and continue down.

Me I have to watch for confirmation and would love to see 1220 to 1224 broke.

 

[eccougar]

Agreed...and with the action during the last 5 to 10 minutes, I think a lot of traders are betting on it! Actually, I think this may be it. The 1202 held and, unless Europe comes out with something unexpected tonight, those that bought in for tomorrow should make some money! Good luck all!

Spot on.

 

[Bquat]

Little Bull has me convinced. He even came up with yellow lines of possible gains.

I am entering today at 50S 50 G Capital Preservation. May get in more latter when yellow lines happen.

 

[Bquat]

I am trying to do my IFT's sooner because of the bad experience Last time. If I can't get in or out with 10 min how can you guys have enought time to make your own decisions?

 

[MaStA]

It would be a beautiful thing if the rest of December can provide us a few +300 days to finish out the year. I really could use that to start digging out of my hole.

 

[Birchtree]

When the spring is coiled tight watch out when it lets go.

 

[Bquat]

It would be a beautiful thing if the rest of December can provide us a few +300 days to finish out the year. I really could use that to start digging out of my hole.

Next year try not digging the hole in the first place.
You'll have more market sense now won't you. It's all a learning curb. I try to use a less agressive approach but we all get caught sometimes.

 

[MaStA]

Next year try not digging the hole in the first place.
You'll have more market sense now won't you. It's all a learning curb. I try to use a less agressive approach but we all get caught sometimes.

Yeah I watch things a lot closer now than I used to. I also need to stop being so greedy and get out after gaining some money.

 

[Birchtree]

Remember, price declines are painful, but do not equate to capital losses if investors stay long term and business values remain intact. Look at what the housing sector is doing today. Buy now.

 

[Bquat]

I redrew the yellow line and redid the top of the old channel as a support area. Were building a high base and if 1232 holds we go bullish again tomorrow I hope I hope.

 

[Mcqlives]

Spot on.

Thanks...about time I picked one right...too bad I did not capitalize on it!

 

[Mcqlives]

Agreed...I think there may be a couple of legs to this one. I am looking at 1255, 1261ish and 1275 as the next points (hopefully I am picking these right as well!) Close today about 1236ish. As long as I am making predictions I thought I would throw that last one as well