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Bquat's Account Talk
- Thread starter Bquat
- Start date
Bquat
TSP Talk Royalty
- Reaction score
- 602
Here's mine: High base up to the next resistance level is bullish. I hope no profit taking from the first leg so we get a second leg.
Mcqlives
Market Veteran
- Reaction score
- 24
Here's mine: High base up to the next resistance level is bullish. I hope no profit taking from the first leg so we get a second leg.
Looks like the FV is hitting the SPX back to about the 1236 with just a few points down for futures. Looks pretty good. I am on the road today so will not be able to check out things very much so...HERE"S TO A BULL RUN!!!
Bquat
TSP Talk Royalty
- Reaction score
- 602
Here's mine: High base up to the next resistance level is bullish. I hope no profit taking from the first leg so we get a second leg.
I was hoping too much profit is being takened, but good news is comming on the 15 sec.
Bquat
TSP Talk Royalty
- Reaction score
- 602
The retest of 1229 was good for the market and we're back on track for gains. Little Bull says the next level of resistance is 1250.
Shh, don't wake Little Bear up. He's asleep on the lilly pad with the other 50%.
What do you guys think. Nows you chance to yea or nea.
Shh, don't wake Little Bear up. He's asleep on the lilly pad with the other 50%.
What do you guys think. Nows you chance to yea or nea.
Bquat
TSP Talk Royalty
- Reaction score
- 602
Maybe just a little profit taking to the last resistance line which is support now, Maybe a entry point for others if it holds before 12 EST. That's good for the market to retest support. I wish it was 1248 it was only testing. We can't have everything we want.
Bquat
TSP Talk Royalty
- Reaction score
- 602
Ok it was just the retest of 1248. The bull flag is up so let's go already. Go for coffee yes?Maybe just a little profit taking to the last resistance line which is support now, Maybe a entry point for others if it holds before 12 EST. That's good for the market to retest support. I wish it was 1248 it was only testing. We can't have everything we want.
Intrepid_Timer
TSP Talk Royalty
- Reaction score
- 70
Ok it was just the retest of 1248. The bull flag is up so let's go already. Go for coffee yes?
And make some cookies please!
Bquat
TSP Talk Royalty
- Reaction score
- 602
Talking about Waiting to IFT time to show it't bullish move. It now shows in the 30 min. and look at the circle. The 20 period has just crossed the 200 period and the 50 period is rising. Let's break this level.And make some cookies please!
SteelSaving
TSP Strategist
- Reaction score
- 17
Yup :suspicious:
I decided to exit to G today, it was a nice run for me and I'm grateful to lock in a small gain. I wondered whether I should wait until tomorrow to make the move but I think people will want to exit most of their positions before they go on Christmas break, long and short, it could be a wild day and I didn't want to take a chance. It may end up higher but TSP doesn't give me that kind of luxury to be nimbler.
Next week should be quiet, it should be light volume, and I've looked at the last 10 years, the last week of the year is mostly more down (albeit slightly) than up so I don't want to take chances. I'm not sure how to attack the new year, I'm afraid of the incoming S&P downgrade of France and what that may trigger so I think I may just wait on the sidelines. I'm willing to miss out on some possible gains as the markets may inch higher, just can't afford to be invested if a flash crash occurs in the middle of a day.
We need to break through that 1258-1263 with some big volume and I just don't see it happening in the remainder of the year, but who knows. All signals show there may be a bullish move underway but we're near major resistance levels and there are no positive catalysts in sight to send the markets higher, IMO.
Merry Christmas and happy New Year!
Next week should be quiet, it should be light volume, and I've looked at the last 10 years, the last week of the year is mostly more down (albeit slightly) than up so I don't want to take chances. I'm not sure how to attack the new year, I'm afraid of the incoming S&P downgrade of France and what that may trigger so I think I may just wait on the sidelines. I'm willing to miss out on some possible gains as the markets may inch higher, just can't afford to be invested if a flash crash occurs in the middle of a day.
We need to break through that 1258-1263 with some big volume and I just don't see it happening in the remainder of the year, but who knows. All signals show there may be a bullish move underway but we're near major resistance levels and there are no positive catalysts in sight to send the markets higher, IMO.
Merry Christmas and happy New Year!
Bquat
TSP Talk Royalty
- Reaction score
- 602
Sorry I was out with the grandkids. I wish I haddent missed you. We tested 1248 and moved up to resistance and built a high base which is bullish.
On the 30 min the 20 period had crossed the 200 period and this is bullish.
All the averages are moving upward which is bullish.
The 50 period should cross the 200 period (in the 30 min chart) next week which is a golden cross I think.
Might of been a good time just to hedge your bet to 50/50 because we are at the major resistance level that we haven't been able to break.
I think this may be our best shot and I willing to take the 50% gamble with all the moving averages in the 30 min below us.
If anyone thinks contrary to this please post so we can have a choice.
Bquat
TSP Talk Royalty
- Reaction score
- 602
Guess I slept in a little. Little Bull is very happy.
We broke major resistance and the 50 period is almost crossing the 200 period in the 30 min.
I guess a lot of people are happy because I have a lot of posts to read.
I cleaned the chart up a little and may half to go back in time for levels.
We broke major resistance and the 50 period is almost crossing the 200 period in the 30 min.
I guess a lot of people are happy because I have a lot of posts to read.
I cleaned the chart up a little and may half to go back in time for levels.
