Bquat's Account Talk

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I will be staying in. The dips seem to keep being bought and I don't know by who.
 
The golden cross folks are doing the buying. "Of the 26 instances of a golden cross since 1962, the market gained an average 4.1% over the following three months and was positive in 73% of the instances. The trend was even friendlier further out: over the next six months it gained 6.6% and was positive 81% of the time." Now is that simple enough.
 
Birchtree said:
The golden cross folks are doing the buying. "Of the 26 instances of a golden cross since 1962, the market gained an average 4.1% over the following three months and was positive in 73% of the instances. The trend was even friendlier further out: over the next six months it gained 6.6% and was positive 81% of the time." Now is that simple enough.
Click to expand...
Thinks Birch. You visit and we get a new high. Let's go and build a high base below the resistance line.:)
 
Can you smell it - the sweet smell of superlative bull manure as we approach 1352. The R2K is getting ready to go positive - that's money in my pocket.
 
Still building a high base. Coiling up waiting for the 5 day and then the pop. Maybe I'm just getting a little too bullish. Something is proping this up. Staying in as were still showing some strength. 13 day above the first Fib Retracement level. Should prove to be strong support.
 
Bquat said:
Still building a high base. Coiling up waiting for the 5 day and then the pop. Maybe I'm just getting a little too bullish. Something is proping this up. Staying in as were still showing some strength. 13 day above the first Fib Retracement level. Should prove to be strong support.
Click to expand...

WooHoo, go, Go, GO!!!!

I will recover from my bear losses!!!
 
Bquat said:
Still building a high base. Coiling up waiting for the 5 day and then the pop. Maybe I'm just getting a little too bullish. Something is proping this up. Staying in as were still showing some strength. 13 day above the first Fib Retracement level. Should prove to be strong support.
Click to expand...

I may need some dental work after all the grinding I am doing waiting for that 1352 to get broke. If it does then we should make some very nice money this month!
 
I'm going the wrong way on the tracker.:(
Tomorrow hopefully I will start rising.:)
 
Higher high and the high base still continues.:) The 5 day is still rising and coming up to the blue support line. This may be changing from a rising triangle to a smaller channel within the old channel and that good news. I may redraw soon.:)
 
I am staying in and hoping for the blue line to hold and we still have the bottom of the channel. A little corection may be what is needed to continue up. What you guys think.
 
Bquat said:
Higher high and the high base still continues.:) The 5 day is still rising and coming up to the blue support line. This may be changing from a rising triangle to a smaller channel within the old channel and that good news. I may redraw soon.:)
Click to expand...
Here's a Bullish redraw. Cross fingers.:)
Shh don't wake Little Bear.
 
A small consolidation would be beneficial and acceptable - however the risk is the market may buy any good news coming out of Greece. If that happens who knows where the intraday top may reside.
 
I don't think anyone would argue against a little correction being healthy. I wouldn't be surprised at all if we drop through the 5 day, been done numerous times, or even the 13. This little move is raising some of my flags as the chart for the transports now isn't looking so rosy. I'm now looking to see if we can hold above 1340. If not I wait to regain the channel or see what happens around 1330.

Market clearly hitting some resistance but I think there is a big head of steam behind it.
 
Thanks for posting guys. I was just giving a quick heads up about what others were doing and what I was seeing just before IFT time. I would have waited a little while to see the move but have been giving my best guess earlier to help others with info to make their edumacaded guess.:D
So many times we see the confirmation on market direction shortly after decision time. Give me a 2 pm EST IFT time and my guesses can be another 20% better. Sooo here's the move.
 
We may be back to our step phase while the dips are being pumped.:)
Birch must be buying.:D
 
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