Bquat's Account Talk

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WorkFE said:
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.
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As long as the VIX stays between 15 and 20 things shouldn't get to crazy.
It is hard enough to make a good decision with only 2 IFT's but in this kind of market it is tougher still to make it before noon when you know darn well anything can happen in the next 4 hours. (Preaching to the choir, sorry).
 
I cleaned up the chart so you can interprit it as you would like. Decision for me is to stay in with this high base consolidation.:)
No bounce after the double top yet. It looks strong to me and would like to see the move but as always it's decision time. So here you go.
 
Bquat, you're getting good at keeping an eye on the market for all of us. Thanks for your posts! I think you have a pretty good feel for how things are gonna play out.

JR
 
MrJohnRoss said:
Bquat, you're getting good at keeping an eye on the market for all of us. Thanks for your posts! I think you have a pretty good feel for how things are gonna play out.

JR
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I would like to say that I will it to do it but I can't. If I could I sure would be over 2%:) I was too much capital Preservation. Sometimes I get stuck with my bearish bias. I'm starting to believe in my charts more until I don't.:D
 
Birchtree said:
Oh, you are good - beam me up Scotty.
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Yea even the tracker isn't agreeing with me. I still am going with the theory that this is a hidden QE3 market and they're only allowing 1% corrections as their buy point. So it's working so far.
 
I am looking at the price of oil. The recent climb should effect the rally but not in a positive way. Hold on to your hats!
 
Had me a little scared there. Resistance tested as support. Birch tell them day traders to get back from lunch and buy this market.
 
crommie said:
In Bquat we believe...until we don't! :D
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Maybe we shouldn't have gone there.:D

It seems absolutly right. Everything was going good, we broke the resistance point, retested it and then everything fizzled. If it wasn't for the buying at the end of the day, I would of thought we had formed a double top or M for murder. Well were still above the 5 day and nothing is broken. I'm just really surprized today ended as a wash. Well post market videos tonight and Mondays movement is now very important. We could still be bullish and say it was only profit taking after a new high.:)

PS That red line is our 52 week high.
 
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I still believe...comes from being a Boston sports fan. If you believe long enough really good things happen! :D
As for the last chart, it looks stronger to me. Still in the middle of the white channel, more room to run within it above the resistance lines, and the support below keeps crawling up too. Also, it may be testing the neckline of your mini inverted head-n-shoulders. Isn't that how they work? Break to the upside, retest the neckline, and then take off?
Anyhow, this week was forcasted to be a rough one with the Fed and Greek games, so all said-n-done the market made it through rather well. I stayed in this week to be in for next week. The ECB is going to give away another bundle of money to the European banks which will be a huge shot of liquidity. Rumors place the pay out from EU650B to EU1T. :nuts: This should be the rocket fuel that the markets need to make this next push through resistance.
1470 here we come!
 
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crommie said:
I still believe...comes from being a Boston sports fan. If you believe long enough really good things happen! :D
Click to expand...

I suffer from the same affliction though I haven't lived in New England for 40 years. No matter where I live I still care about Sox, Celt's, Pat's, Bruin's, Monarch's, Spartan's and a lot of others. Was it some kind of brainwashing during the formative years or were they in to gene manipulation back then?:confused:

Bquat, thanks for those charts!

PO
 
crommie said:
I still believe...comes from being a Boston sports fan. If you believe long enough really good things happen! :D
As for the last chart, it looks stronger to me. Still in the middle of the white channel, more room to run within it above the resistance lines, and the support below keeps crawling up too. Also, it may be testing the neckline of your mini inverted head-n-shoulders. Isn't that how they work? Break to the upside, retest the neckline, and then take off?
Anyhow, this week was forcasted to be a rough one with the Fed and Greek games, so all said-n-done the market made it through rather well. I stayed in this week to be in for next week. The ECB is going to give away another bundle of money to the European banks which will be a huge shot of liquidity. Rumors place the pay out from EU650B to EU1T. :nuts: This should be the rocket fuel that the markets need to make this next push through resistance.
1470 here we come!
Click to expand...
Thanks. Your right how they retest the neckline. I just was sort of overwelmed in the moment when there was no strength shown after the breaking of the new high. You did notice I was recovering during the post and still showed support in my chart. It even seemed some of the post market analysis seemed more bullish. The weeklies and monthlies still look good. 1357 and 1352 is our danger zone.
 
PessOptimist said:
I suffer from the same affliction though I haven't lived in New England for 40 years. No matter where I live I still care about Sox, Celt's, Pat's, Bruin's, Monarch's, Spartan's and a lot of others. Was it some kind of brainwashing during the formative years or were they in to gene manipulation back then?:confused:

Bquat, thanks for those charts!

PO
Click to expand...
Your welcomed. Just think if it can hold for three more trading days, I can stay in and have the two ifts for an out and back in later in the month.
 
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