Bquat's Account Talk

[Bquat]

Even thouge today is positive, if you take the S&P and look at it under the 5 day it looks like it consolidating and forming a base between 1100 and 1157. The only problem is that this is a low base forming. As JTH said " we need to break the 1173 area to break the down trend ". I don't know if I got the quote exactly right but it's the jest of it. I'm still pondering in this pond looking for a better confirmation of an up trend. Oscar had a good video yesterday explaining summer down trends and this one may end soon. We'll see.

Looks like a intraday high base is forming up against 1150 resistance, but it won't break the level or turn down to IFT deadline. Go figure.:suspicious:

Keep one eye open.

 

[jpcavin]

Even thouge today is positive, if you take the S&P and look at it under the 5 day it looks like it consolidating and forming a base between 1100 and 1157. The only problem is that this is a low base forming. As JTH said " we need to break the 1173 area to break the down trend ". I don't know if I got the quote exactly right but it's the jest of it. I'm still pondering in this pond looking for a better confirmation of an up trend. Oscar had a good video yesterday explaining summer down trends and this one may end soon. We'll see.

Looks like a intraday high base is forming up against 1150 resistance, but it won't break the level or turn down to IFT deadline. Go figure.:suspicious:

Keep one eye open.

Decided to wait. I forgot promise to myself....NO EMOTINAL TRAIDING!

 

[Bquat]

Was wanting to go in today simply because of the hype and nothing more. Concerned about another afternoon selloff. What say you? Going in or waiting?

I be waiting. Don't trust this 4 day consolidation. Even though consolidation is good normally, this is a low base forming after a big market drop. Check out what I wrote to Nnutt.
Look at that the 1150 area held as resistance even before IFT time.

 

[Bquat]

You know my little spider looks good on the pond. The water level used to represent the gain of the G fund. Now it represents maintaining my TSP balance while taking out monthly payments. At 4% I do that. I'm trying to cover my lump some that I took upon retirement also, so anything above 4% is kind of like paying it back. If I can keep building for 3 more years, I can up my retirement. I retired before 59 1/2 and have to keep the amount the same for 5 years. So good luck to me.

 

[Mcqlives]

Was wanting to go in today simply because of the hype and nothing more. Concerned about another afternoon selloff. What say you? Going in or waiting?

Waiting for confirmation...I know a lot of people are talking about a consolidation with 1100ish as a low that forms the bottom 2 points on a "W". I hope this is correct but am not sold on it with what I have been looking at. My fear is that the "W" is actually inverted with there being a third leg going down. Either way, we should get a good idea by tomorrow or monday!

 

[Bquat]

Waiting for confirmation...I know a lot of people are talking about a consolidation with 1100ish as a low that forms the bottom 2 points on a "W". I hope this is correct but am not sold on it with what I have been looking at. My fear is that the "W" is actually inverted with there being a third leg going down. Either way, we should get a good idea by tomorrow or monday!

I don't trust Fridays lately. Mondays usually show the true color. Sometimes big money pushes up Friday to keep people in over the weekend for Monday preemarket kill. Just my current paranoa. I can't spell.

 

[Mcqlives]

I'm with you. May have missed it with 1150is forming the new higher low but, again, I am waiting for confirmation. It is too late to do anything today anyway. If you haven't already check out uptrends thread and the timing signal site that steady found (on steady's thread) you might want to.

 

[jpcavin]

check out the timing signal site that steady found

Really? http://www.tsptalk.com/mb/showthread.php?8527-What-do-you-think-F-fund-s-future&p=327100#post327100

 

[Mcqlives]

Really? http://www.tsptalk.com/mb/showthread.php?8527-What-do-you-think-F-fund-s-future&p=327100#post327100

My bad...I just saw it on Steady's. Regardless, it is interesting.

Sorry!

 

[Bquat]

Looks like a intraday high base is forming up against 1150 resistance, but it won't break the level or turn down to IFT deadline. Go figure.:suspicious:

Keep one eye open.

See what I mean.

 

[RealMoneyIssues]

Looks like a intraday high base is forming up against 1150 resistance, but it won't break the level or turn down to IFT deadline. Go figure.:suspicious:

Keep one eye open.

See what I mean.

Popped to 1160 over the last 30 mins

Maybe heading to 1170+ ???

 

[Bquat]

Popped to 1160 over the last 30 mins

Maybe heading to 1170+ ???

You go dude good call but that was after IFT time, wasn't it? I guess I'll lose my 50th place on the tracker and I feel bad for missing a 4% gain, But I'm so glad for those reall needing the gain. I also liked how the market built today. Some gain, consalidate, more gain nice. I am concerned about the close. I would of liked a high base against 1173 and not the final drop My have profit taking premarket tomorrow. Confirmation of this move in the morning might be an entry point.

 

[Bquat]

Even thouge today is positive, if you take the S&P and look at it under the 5 day it looks like it consolidating and forming a base between 1100 and 1157. The only problem is that this is a low base forming. As JTH said " we need to break the 1173 area to break the down trend ". I don't know if I got the quote exactly right but it's the jest of it. I'm still pondering in this pond looking for a better confirmation of an up trend. Oscar had a good video yesterday explaining summer down trends and this one may end soon. We'll see.

Looks like a intraday high base is forming up against 1150 resistance, but it won't break the level or turn down to IFT deadline. Go figure.:suspicious:

Keep one eye open.

I should of said a low base between 1100 and 1172, sorry my bad. So 4% down, 4% up, 4% down, and today 4% up, so is tomorrow 4% down? If not maybe a 1175 entry?

 

[Bquat]

Anybody know why MSN Money graphs doesn't have a monthly and the longer graphs shut off at July 8 th. I can't do my simple charts.

 

[Bquat]

Intraday double bottom happening. 1173 holding. Entry point? What you guys think?

 

[Mcqlives]

Intraday double bottom happening. 1173 holding. Entry point? What you guys think?

Possibly, but I am still wondering what will happen on Monday after a weekend of Europe in the news (guessing here). I do like the fact that we are getting the double bottom you mentioned so early in the trading session. If I do enter it will be at the deadline.

 

[SteelSaving]

Trying to decide if the straw poll is going to play into anything come Monday.
I'm thinking of entering but I hate Friday's, the weekend is a crap shoot.

 

[Mcqlives]

I am also still concerned with the possibility of an inverted W in the charts. If it goes up we have quite a range to get in on and still make a significant return. If it goes down the risk for hitting a new low is considerable.

 

[Bquat]

I don't trust Fridays lately. Mondays usually show the true color. Sometimes big money pushes up Friday to keep people in over the weekend for Monday preemarket kill. Just my current paranoa. I can't spell.

I think I'll stick to this and it's better to miss a gain than chance a loss. Hope I'm not too happy in the pond.

Will keep an eye out but it seems like it's ringing down to build a low base on resistance and like yesterday it will pick a direction after IFT time.

Besides I still about 9% over the loss of the last two weeks and have the time to wait. Plus I'm waiting for Fab1 to get another 2 % so he can grabe the rope and follow me up if I leave this tranquill pond.

 

[Mcqlives]

Plus the highs this morning are getting lower on each leg...I don't feel like spinning the wheel either.