Bquat's Account Talk

Sort by newest Sort by date
Bquat said:
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.
Click to expand...

Forget the S&P. The S fund looked real nice until just after lunch and then it tanked. Bummer!!! :(
 
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...
I redrew the H&S and the projected gain. Changed the white channel to orange to mimic the 13 day again and changed the narrow chart to white. I figured the white would show the short term trend just to keep the positive outlook. So there you go our battle plan. Mom's calling do I'll cut it short here.:)

Comments and contrary thoughts welcomed.
 
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...

Ditto PO -- left the south shore in 75, but still have the fever! But ain't it great?!? So, were you able to sleep the Sunday night after the Superbowl? Not me! I have 4 brothers back there still -- I know at least two of them didn't sleep a wink that night either. My youngest brother actually took a sleeping pill and still couldn't sleep. ... It's in the gene pool ... my Dad passed the year the Pats won their first one (happy he got to see that) ... I got it from him. The Sox were still "Bums" at the time he passed -- maybe that was fitting.:)
 
Just got back from VA appointment. Well the head test failed on the H&S, so maybe we go to new highs. Really good Bear trap. I'm staying in. We look good now.:)
I probably would of thought about jumping the gun with the down side but seeing the bounce I would have waited. This my be the buyin comming with 1/2 hour for you guys to decide. My Inv. H&S worked.:DNow some post reading.
 
I'm going with a fight for a new high and the bears may buy in to cover.:)
Go QE3 or PPT go.
 
Hey guys, can you see what I see?:confused: yet?

I see a reapeating Bear trap / correction pattern. This may be the only correction you will see.:) The dips being bought as soon as support holds. This showes some strength, but we don't go higher after breaking resistance either. Remember before how we discussed how the market seemed manipulated by daytrader computer programs. I feel they have the bottom of the channel programed as a buying opportunity and the new peak as a shorting opportunity. Just a guess here. This is still bullish and day traders are making big money on the selling at the peaks and buying at the dips and covering after the new peak. This market is being bought as a Bull Market by buying the dips intraday and not letting swing traders get a buyin point.:(

I'm still Bullish 60/40 even though is tries my patience almost on a daily rate and that what they want.:)
 
I think that is a very reasonable assumption. too bad we can't do that.
 
Bquat said:
Hey guys, can you see what I see?:confused: yet?

I see a reapeating Bear trap / correction pattern. This may be the only correction you will see.:) The dips being bought as soon as support holds. This showes some strength, but we don't go higher after breaking resistance either. Remember before how we discussed how the market seemed manipulated by daytrader computer programs. I feel they have the bottom of the channel programed as a buying opportunity and the new peak as a shorting opportunity. Just a guess here. This is still bullish and day traders are making big money on the selling at the peaks and buying at the dips and covering after the new peak. This market is being bought as a Bull Market by buying the dips intraday and not letting swing traders get a buyin point.:(

I'm still Bullish 60/40 even though is tries my patience almost on a daily rate and that what they want.:)
Click to expand...
Here's a heads up for you guys. Uptrend is calling yesterday a Bull Trap.:( That's the oppisite of me and I have more fath is his TA than mine. So be careful out there. I'm still staying with the trend until it isn't. I'm also trying to stay in for next month so I can exit and reenter if I have to. I hope it's not taking too much of a risk.
 
Bquat said:
Here's a heads up for you guys. Uptrend is calling yesterday a Bull Trap.:( That's the oppisite of me and I have more fath is his TA than mine. So be careful out there. I'm still staying with the trend until it isn't. I'm also trying to stay in for next month so I can exit and reenter if I have to. I hope it's not taking too much of a risk.
Click to expand...

With the Vix at it's current level, there should not be much daily fluctuation (1% at most). Once people get scared and the Vix rises, we may see a pullback.
 
jkenjohnson said:
With the Vix at it's current level, there should not be much daily fluctuation (1% at most). Once people get scared and the Vix rises, we may see a pullback.
Click to expand...

Their not going to get scared, consumer confidence is at one year highs. We will close above 1370 today, then keep heading up.

SPX-1400 or Bust !!
 
Hi guys I'm back, mom just needed so attension. Ok 4 toucher of the top of the small channel this may be the move we want.:)
 
As always everything slows down for the decision time. I'm staying in and this move as others will wait until 1205 EST. So good luck.:)

TSP Talk AutoTracker

Keep an eye on the tracker. Some are entering to be in for march.
 
You must log in or register to reply here.

Similar threads

tsptalk
September 2025 AutoTracker Winners!
Replies
2
Views
429
nasa1974
nasa1974
RevShark
  • Article Article
RevShark's Traditional Thanksgiving Post 2024
Replies
2
Views
757
nasa1974
nasa1974
UNIX84
UNIX84 Account Talk
Replies
15
Views
3K
UNIX84
UNIX84
JTH
Speculation: When Border Security Becomes Domestic Power
Replies
1
Views
198
tsptalk
tsptalk
tsptalk
  • Article Article
When traders become buy and holders
Replies
1
Views
441
JTH
JTH
Back
Top