Bquat's Account Talk

[Bquat]

The hoof dust cloud is growing - get a mouth full or run in front of the Grand Trunk.

Well did you push. We're giving it a try.

 

[Bquat]

Mommy time. Got to go.

 

[Bquat]

Well kind of thought we had it. I'm a little bearish since we didn't get back into the little channel but nothing's broken yet. I have to watch the post market videos to see what happened.

 

[Birchtree]

$106 oil happened - but energy stocks are participating.

 

[Bquat]

Mentioning that I'm a little bearish for tomorrow, I drew some support lines. There is a lot of support below us. The 5, 13 and 20 day moving averages, Two support lines, the bottom of the channel and the first Fib retracement under the 20. We can even go up from here. A retest of the 13 day and bottom of the channel could still be a positive thing for this market. I don't see any evidence of a mass exit. Remember the channel is less than 2% wide. 1341 is about a 2% correction. So I'm still holding on and looking for a lower high and lower low. I only have the G option left and don't want to exit because we only have one week until a new month. I would like to have more options next month if I can stay in.

 

[Sensei]

Remember the channel is less than 2% wide. 1341 is about a 2% correction...

Yes, but we're holding S, and that has proven in the last couple days to be unfortunate. We might have to take a 4 or 5% haircut.

 

[Bquat]

Yes, but we're holding S, and that has proven in the last couple days to be unfortunate. We might have to take a 4 or 5% haircut.

I don't see a 4 to 5% drop. I see 2.33% at the most.

 

[Bquat]

I see that we need to break 1364 or see a Head and shoulder. Many say a short term H&S is a continuation pattern. I'm still not getting any Spidey sense here and remain bullish midterm and only slightly bearish short term. I have an appointment prior to the deadline and may have to make a preguess and if I can get back in time maybe a late guess. So I will try to make a good preguess. Hummm??? Ok I got about 40 minutes here.

This and all my charts brought to you by the QB freedom of information policy.

 

[Bquat]

Ok this is my honest opinion. Some are taking this as a topping pattern. I think not. We are still in the high base area and consolidating while waiting for the 5 day to catch up. Even if we do dip, that's what people were complaining about. No correction to buy in at. Big money may be waiting for this kind of dip. A retest of the 5 day is always a good thing.

Am I too bullish? Make contrary posts here: For the worried.:worried: You have 15 min. to convince me.

 

[Bquat]

My preguess is that I'm staying in. If this H&S causes a down move it will test the 13 day and if that holds we bounce back up and more enter the market. Even Oscar says buy the dips. So good luck guys. I have to go.. Here's your chart with worst case.

 

[Bquat]

So no contrary post about being too bullish. Ok here's a redraw of the small channel showing 5 day acting as support. Trying to stay a little bullish here. Still have the 13 day as support also.

 

[Cactus]

So no contrary post about being too bullish. Ok here's a redraw of the small channel showing 5 day acting as support. Trying to stay a little bullish here. Still have the 13 day as support also.

Well I've been bearish for all of 2012 so far, and you see where that has gotten me. My little bear is saying we will bounce off of the May 2011 high here and go back down. How's that for doom N gloom? I'm staying out.

 

[Birchtree]

The bull market will power higher as long as good people like Cactus don't start buying into it in droves and as long as the prevailing belief is that it's a cyclical bull within a secular bear.

 

[Intrepid_Timer]

So no contrary post about being too bullish. Ok here's a redraw of the small channel showing 5 day acting as support. Trying to stay a little bullish here. Still have the 13 day as support also.

I think the S&P 500 hits 666 on Dec 21th, 2012. It'll probably go to 2000 the next trading though for an UNBELIEVABLE trade!!

 

[Bquat]

Well I've been bearish for all of 2012 so far, and you see where that has gotten me. My little bear is saying we will bounce off of the May 2011 high here and go back down. How's that for doom N gloom? I'm staying out.

Oh yes, my Little Bear has the same feeling and even drew his white channel with lower highs and lower lows..
But of course Little Bull will disagree with the 5 day holding as support and only about 1 % down. This is just a correction.

 

[Bquat]

I think the S&P 500 hits 666 on Dec 21th, 2012. It'll probably go to 2000 the next trading though for an UNBELIEVABLE trade!!

Are you part Mayan? Don't worry you and I both will be out by then. I'm just hoping we turn tomorrow or just a 1.5 % correction to my 13 day (brown line).

 

[Bquat]

The bull market will power higher as long as good people like Cactus don't start buying into it in droves and as long as the prevailing belief is that it's a cyclical bull within a secular bear.

Normally the market turns green when you visit me. So water them flowers and let's get some spring growth going. By the way my Globe Willow is getting small leaves.

 

[Intrepid_Timer]

Are you part Mayan? Don't worry you and I both will be out by then. I'm just hoping we turn tomorrow or just a 1.5 % correction to my 13 day (brown line).

Ah dang, never mind. Maybe we hit 2012 on the S&P 500 that day instead?

"The Maya calendar doesn't end in 2012, as some have said, and the ancients never viewed that year as the time of the end of the world, archaeologists say.But December 21, 2012, (give or take a day) was nonetheless momentous to the Maya."It's the time when the largest grand cycle in the Mayan calendar—1,872,000 days or 5,125.37 years—overturns and a new cycle begins," said Anthony Aveni, a Maya expert and archaeoastronomer at Colgate University in Hamilton, New York.The Maya kept time on a scale few other cultures have considered.During the empire's heyday, the Maya invented the Long Count—a lengthy circular calendar that "transplanted the roots of Maya culture all the way back to creation itself," Aveni said.During the 2012 winter solstice, time runs out on the current era of the Long Count calendar, which began at what the Maya saw as the dawn of the last creation period: August 11, 3114 B.C. The Maya wrote that date, which preceded their civilization by thousands of years, as Day Zero, or 13.0.0.0.0.In December 2012 the lengthy era ends and the complicated, cyclical calendar will roll over again to Day Zero, beginning another enormous cycle."The idea is that time gets renewed, that the world gets renewed all over again—often after a period of stress—the same way we renew time on New Year's Day or even on Monday morning," said Aveni, author of The End of Time: The Maya Mystery of 2012."

 

[Intrepid_Timer]

Oh wait, maybe the S&P 500 will roll back to 0 and we have to start all over??????? :nuts:

 

[Bquat]

Ah dang, never mind. Maybe we hit 2012 on the S&P 500 that day instead?

"The Maya calendar doesn't end in 2012, as some have said, and the ancients never viewed that year as the time of the end of the world, archaeologists say.But December 21, 2012, (give or take a day) was nonetheless momentous to the Maya."It's the time when the largest grand cycle in the Mayan calendar—1,872,000 days or 5,125.37 years—overturns and a new cycle begins," said Anthony Aveni, a Maya expert and archaeoastronomer at Colgate University in Hamilton, New York.The Maya kept time on a scale few other cultures have considered.During the empire's heyday, the Maya invented the Long Count—a lengthy circular calendar that "transplanted the roots of Maya culture all the way back to creation itself," Aveni said.During the 2012 winter solstice, time runs out on the current era of the Long Count calendar, which began at what the Maya saw as the dawn of the last creation period: August 11, 3114 B.C. The Maya wrote that date, which preceded their civilization by thousands of years, as Day Zero, or 13.0.0.0.0.In December 2012 the lengthy era ends and the complicated, cyclical calendar will roll over again to Day Zero, beginning another enormous cycle."The idea is that time gets renewed, that the world gets renewed all over again—often after a period of stress—the same way we renew time on New Year's Day or even on Monday morning," said Aveni, author of The End of Time: The Maya Mystery of 2012."

Thanks for the info.