Bquat's Account Talk

[FAB1]

Also I want to tread where I don't step in it! ha ha

 

[jkenjohnson]

BQUAT, I posted a response to your questions on my thread.

 

[Bquat]

BQUAT, I posted a response to your questions on my thread.

Ok I'll visit you now.

 

[Bquat]

Please keep building this base until I'm in and Birch start buying tomorrow. Ok buddy, yes? I turned the support line to a darker blue because it was tested in the 30 min. timeframe.Check out JTH's thread. He's contrary to me right now and you should have both sides. I respect his opinon but I already jumped and frogs don't jump backwards.

 

[JTH]

Good analysis JTH do you think birch will listen?

I'm not drawing any conclusions, I'm just showing that SPX price and the number of SPX stocks above their 50MA are not in agreement. Tops & Rallys are harder to pinpoint than buying opportunities, I'm waiting for the latter, it could be a long wait...

 

[JTH]

I'm hoping JTH's big red line is broken and we move up. Hope I'm guessing right. Spidey not nervious.

You're buying into strength within an establised uptrend, even if you don't get the perfect entry, you're still on the right side of the trade.

 

[Bquat]

You're buying into strength within an establised uptrend, even if you don't get the perfect entry, you're still on the right side of the trade.

Thanks I buy strength because I want to watch for confirmation and I don't buy the dips or weakness because of Capital Preservation and the advoidance of possible more loss. I wasn't using you as a contrary indicator. I like people to be informed about risks. Thanks for visiting again.

 

[Bquat]

Hope this isn't a pattern repeat.:worried: Made my bed and I'll sleep in it. Well maybe I enter at a lower price and only 50% exposed. I go bowling now.

 

[Birchtree]

I'm holding out for a VIX close below 20.34 and a rally that can get real sharp on a moments notice. We could see 1300 on the SPX if big money decides to move.

 

[Bquat]

Hope this isn't a pattern repeat.:worried: Made my bed and I'll sleep in it. Well maybe I enter at a lower price and only 50% exposed. I go bowling now.

I'm back and it seems we're ok. Had to go to the 15 min. to see green at the last moment to break 1292 again. You might not be able to see it in the chart, so I copied S&P 500 1,292.08

+11.38+0.89%.

Ok Birch you can buy now it waited for me before continuing up. Post market videos should be interesting.:cheesy:
Now to read posts.

 

[Handballer]

Birch - looks like you will move up hundreds on the tracker today. You da man!

I'm already at #764 with +0.01% - drowning in bull tinky. But I'll bounce like a golf ball if I hold steady. I'm holding 80/I fund because the ECB's stepped up policy easing and the expectation it will do more to support markets will help European stocks. Go where angels fear to tread.

 

[Bquat]

Mcqlives where are you? You ok?

 

[MaStA]

Bquat, where are you? I have been looking for your daily analysis all day and you're no where to be found lol.

Hope all is well with the family (mother-in-law especially).

 

[Bquat]

Bquat, where are you? I have been looking for your daily analysis all day and you're no where to be found lol.

Hope all is well with the family (mother-in-law especially).

Well mom has been home since monday. The pnumonia is getting better but the overall news is worst. We been taking her to doctors for a few months to check a colon blockage. Two times they tried to scope it and couldn't. Did the third high contrast catscan and the mass had spread. So she's on home care and took a real turn to the worst. This morning was a bad morning.

Did a little lurking but not much market watch. Had some rest and was able to see market close. I liked today action because we recovered. We even broke 1292 and retested end of day. I slept throught IFT time and glad it was a consolidation day. I'm hoping for another move up tomorrow with confirming the 1292 level from above. I changed the 50 period MA to orange to show how it's confirming the channel.

 

[Sensei]

Sorry to hear about mom-in-law. Wishing you and your family the best!

 

[nasa1974]

Bquat, sorry to hear about your MiL. Added your Mother-in-Law and your family to the prayer list. Keep up your health.

 

[crommie]

Yes, by all means Bquat take care of yourself and your family! :worried: We will pray for you and somehow get by until you can resume your postings at full strength. :cheesy:

 

[Bquat]

Thanks guys. Have a little time here. Double top caused market drop but it looks like bottom of channel is holding. So less go to higher high. While I have a few moments here I'll go read some post.Mom's having a quiet morning today.

 

[Bquat]

Got to go, staying 50% in. I would like a pattern repeat so Birch start buying.

 

[Mcqlives]

Got to go, staying 50% in. I would like a pattern repeat so Birch start buying.

Bquat,

I hope all turns well quickly for your family! My prayers are added to all others.

As for the markets, I haven't been on here for the past week but had some time to research this morning. Unfortunately I have missed everything above 1265 but am looking at the run up since 1265 hitting heavy resistance. I like your chart but have concerns with the 1207-1310is range (call it as 1302) as being the major hurdle. If we hit this, and the way the market has been digging in I think it is very possible, it has to be broken and held. Good news is if this happens 1302 is the new floor. Bad news is if it doesn't hold as a floor the downside has high potential to come quick and painful.
Again, best wishes for your mominlaw.