Bquat's Account Talk

[Bquat]

The update is that others are starting to get sell signals and people are getting nervious. I wonder if this is the 1 to 2% correction the market's looking for.
Little Bear is happy and he wants to test his hand at the 13 day and try to break it.

Little Bull waving his hands saying the drop stops here because it's what the market has be doing. Dips are being bought just about at 1%. He also say's the 5 day is holding as support and that's good that the market has tested it.

Some of the post market videos (Christian) say the top is in and we go down. You might have to review a couple of his videos.
Market Analysis Videos

Oscar says ignor the sale signals because we're on the buy the dip mode.
http://www.livewithoscar.com/DailyVideo.aspx

Brian says nothing is broken. You might have to scroll down a little.
Alphatrends

Des says were still in a high base and nothing is broken but we are do for a correction.
Broad Market

Me I'm still in because I believe in the 13 day and the 5 day holding might be even better. Consolidate around the 1% level and build. Now you have some of both sides. Spidey hasn't got nervious yet but we'll see. You likey my posts. Somewhat documented and referenced, yes? You bullish too, don't you? There you go buddies. Mom stayed up late and sleeping in right now.

 

[Sensei]

Me likey the post, but it's bombs away out of the gate. Eyeballing the charts, it looks like the 20 day is at about 1342, so today might test that. Important day for me. If we close below, I'll sell. I'm hoping the line holds and we go back up next week.

 

[Bquat]

Me likey the post, but it's bombs away out of the gate. Eyeballing the charts, it looks like the 20 day is at about 1342, so today might test that. Important day for me. If we close below, I'll sell. I'm hoping the line holds and we go back up next week.

Retest of my 13 day it is. 1342 is about 2% from the peak and might be where others buy in. Havent seen the silent QE3 lately and it might show soon also. Break of the 13 may be my exit point as well and will make my buyin moot.

 

[Bquat]

Sometime it even amazes me on how good my lines work. The bottom of the white channel held and the bottom of the yellow channel and the 5 day is currently holding as resistance. The support line is recaptured and if we recapture and go above the 5 day could be bullish.

 

[Bquat]

We are now between the bottom of the yellow channel and the just retested of the top side of the 5 day. I enlarger this so you can see it. You could go to freestockcharts.com and try doing this also. Is this the end of the correction or a good time to exit? I don't know. tThats the $1000.00 question. We wait.

 

[Bquat]

The down channel is broken and buyers are buying and the shorts are going to be stopped out and boom up we go. Ok maybe a little too much celebration. So maybe a little TA helps.

 

[Bquat]

Now if the S fund follows suit.
^DWCPF: Summary for Dow Jones U.S. Completion Total- Yahoo! Finance

 

[Bquat]

Sorry guys got busy with mom. I'm stayin in.

 

[Sensei]

Your little bull is strong. I'm staying in too.

 

[FishSqueezer]

Bquat, I've been meaning to send this note for a while, but it sure seems that you're charting analysis has been pretty dang good the last several weeks! You're one of the frequent posters that I follow closely, trying to learn how to better play this game, and your input is greatly appreciated! Especially since I was within about 15 of the absolute bottom of the AT! Keep up the good work, both here and at home!

 

[Fran1775]

I ran out to cash yesterday on the sell signals but have one OFT left so I am good but crying after today's small gain.

Where can I get this chart that everyone is using to keep track of current monthly and YTD gains?

Thanks

 

[Bquat]

I ran out to cash yesterday on the sell signals but have one OFT left so I am good but crying after today's small gain.

Where can I get this chart that everyone is using to keep track of current monthly and YTD gains?

Thanks

Join the auto tracker.

TSP Talk AutoTracker Select how to get started.

TSP Talk AutoTracker The home page has this on it and you can check it at night after it's updated.

 

[Bquat]

Your little bull is strong. I'm staying in too.

Wake up! Here he gets even stronger but did see anyone posting about this little Inv.H&S, so I may be wrong. We'll see. I also redid the channel to a shorter time frame. There may be a little channel between the bottom and shoulders of the H&S.

 

[Bquat]

Bquat, I've been meaning to send this note for a while, but it sure seems that you're charting analysis has been pretty dang good the last several weeks! You're one of the frequent posters that I follow closely, trying to learn how to better play this game, and your input is greatly appreciated! Especially since I was within about 15 of the absolute bottom of the AT! Keep up the good work, both here and at home!

Thanks. I try to do good charts so if I read them wrong someone else maybe something else in them. JTH used to post a lot of charts and I would use his in my decision process. He took a break for a while and I played with freestockcharts.com and figured it out. Charting and using different time frames can give you a sense of the market. You also can draw them with a slight bearish tilt to them to protect capitol. I'm using a slightly bullish approch because we are above my moving averages and I'm in. Sometimes a chart can show you the truth and sometimes the news can make your chart suck. Look for a channel and draw it out and go back to it to see if you did it right. You can draw it on freestockcharts.com and watch if it works for you realtime. I'm currently using the 30 minute because it works in a swing trade type inviroment as we are with only two trades a month. Good luck.

PS check out the nightly videos Nnuut posts to get charting ideas.

 

[Bquat]

I think I got everybody. Now I'll read other posts and watch post analysis videos.

 

[nasa1974]

I ran out to cash yesterday on the sell signals but have one OFT left so I am good but crying after today's small gain.

Where can I get this chart that everyone is using to keep track of current monthly and YTD gains?

Thanks

Fran, I have an excel spreadsheet I use to track my TSP. PM me with your E-mail and I will send it to you.

 

[Bquat]

Yea one of those senior early mornings. Mom was saying something at 2 AM this morning. Being a loving son in law I got up to check her. She was talking in her sleep. Well you know how it is. Your up and that's it. Your up! Got too much of sleep to be tired enought to go back to sleep and not enought to feel well rested. You feel like you went out all night and had to get up for work. Damn and I'm not working anymore.

And we begin. I still feel bullish for today 60/40. I would even like a pop up today but then again a slow build upward keep the wall of worry from correcting and this small dip may have caught a lot of people who we're trying to short the market. It would be nice if they have to buy to cover today. Brian projects 1380. That would be nice. The inv.H&S that I show is of such a short time frame that I'm taking it as a bullish continuation. None of the post market videos mention it so I just may be having an illusion. We'll see.

Alphatrends

Stock Futures of Major World Indexes - Bloomberg Let's go bullish.

 

[Sensei]

Buenos dias! You know I'm always around at this time.

I noticed the S&P closed very close to its high yesterday. Looks like it might gap up at the open. If it stays up, leaving a gap at the close, would you view that as bearish? Maybe a good time to step aside? At the end of the month, with March IFTs around the corner. Just a thought.

 

[Bquat]

Buenos dias! You know I'm always around at this time.

I noticed the S&P closed very close to its high yesterday. Looks like it might gap up at the open. If it stays up, leaving a gap at the close, would you view that as bearish? Maybe a good time to step aside? At the end of the month, with March IFTs around the corner. Just a thought.

A gap up is highly likely today. If it's over the red line shorts will have to cover. I think there will be a delay in re filling the gap. People will see the wall of worry continue up and may start excepting these 1% loss as the only corrections you'll get. I don't think profit taking will go in effect because too many will be afraid of missing futher gains. A trend is your friend until it's not. I may be getting too bullish here but don't think I'm a hog until 1400ish.

Longer term chart:

 

[WorkFE]

In the grand plan I would welcome a 10% correction if you can time it adequately. Hard to make decisions based on 1% drops. I do believe at some point we'll get that correction and it could be soon but the trend is still up and these time out consolidations are just that "small consolidations". And as I've said before, the VIX looks like its cozy where its at. Not so low that investors are getting over confident and not to high to signal volatility. JMHO.