Bquat's Account Talk

[jkenjohnson]

Well didn't the worst news possible came out about Greece yesterday and could only get better from there and maybe market priced it in and we build from here. Birch would be elated seing the correction already and recapturing the 1230 level already. I hope I don't get too excited here.

If they actually vote it down, I think that might make things even worse. Just my guess - I'm not very good at guessing these things. You know every time something negative or positive comes out of Greece, it moves the market.

 

[Happy_Trails]

Not that it matters much but my own personal system is on a buy. What bothers me (and probably a lot of others) is the Greek Crap. How do you account for this in any model? Personal opinion is that until Greece agrees to the bailout and it is underway, stocks are too risky for me. I'll be curious to see what everybody else says.

I'm in and it has sucked bxlls so far but once your in, I think the only way to go is to tough it out. Big swings are part of the game now - not for the faint of heart. It would be really great to get back up to the 200SMA. In theory, the volatility drops substantially once above that level. A much smoother ride than below the 200SMA. Papsmear needs to go in Greece.

 

[jkenjohnson]

I'm in and it has sucked bxlls so far but once your in, I think the only way to go is to tough it out. Big swings are part of the game now - not for the faint of heart. It would be really great to get back up to the 200SMA. In theory, the volatility drops substantially once above that level. A much smoother ride than below the 200SMA. Papsmear needs to go in Greece.

Agreed.

 

[Bquat]

Ok, calm down Billy, your having a Sugar and Spice moment. Why can't the Fed do their stuff at 10 am EST why 1230? Would love a 2pm EST IFT time but no that would be asking too much.
Wonder what Spice is thinking right now? Sugar has been doing good.
Miss JTH and his charts.
Hope Uptrend posts soon.
Oh well Little Bull is getting more coffee.

 

[Birchtree]

I have Greece on ignore.

 

[Happy_Trails]

Ok, calm down Billy, your having a Sugar and Spice moment. Why can't the Fed do their stuff at 10 am EST why 1230? Would love a 2pm EST IFT time but no that would be asking too much.
Wonder what Spice is thinking right now? Sugar has been doing good.
Miss JTH and his charts.
Hope Uptrend posts soon.
Oh well Little Bull is getting more coffee.

Back to little bull? This is rare, I have hope.

 

[Bquat]

Little Bull buying with strenght. Well 50 S and 50 G atleast. Capital Preservation you know. Big move for me though and will do more later when the 200 MA is broken.
Just me trusting my own chart for once. Santa Rally come visit.

 

[Mcqlives]

I liked the way 1218 played out yesterday as well...going a little bullish myself today. Just hope this afternoons comments don't shoot it the wrong way for tomorrow!?! Now...how much to put on red

 

[Mcqlives]

wow...staying strong this morning. Are you sticking with your transfer or looking for a little give back tomorrow?

 

[Happy_Trails]

I think you are doing the right thing but I could be wrong. Any good news from Bernanke or Europe is going to push this thing higher today and tomorrow (my hunch at least). But you are wise to trust your own charts and make your own decision.

 

[Bquat]

wow...staying strong this morning. Are you sticking with your transfer or looking for a little give back tomorrow?

The high base I was hoping for was 1240 and I expected it to hold so I get in and then break.

 

[Bquat]

I think you are doing the right thing but I could be wrong. Any good news from Bernanke or Europe is going to push this thing higher today and tomorrow (my hunch at least). But you are wise to trust your own charts and make your own decision.

I was going with a mute point on Bernanke, dam if he does or dam if he don't. If he's bad we get in cheaper and if he's good it supports the bull market. Oscar says don't trade on Fed day but I think he's due a good this time and it's mostly all talk lately. Cross fingers.

 

[Bquat]

Wow look at the tracker, a lot decided to buy this dip. Hope there right. I'm pretty sure I didn't influence that.

 

[Bquat]

The high base I was hoping for was 1240 and I expected it to hold so I get in and then break.

Getting my wish. I like the market action today. Break 1232 test it, go up to 1242 and do a big retest of the 1230ish, test the 1240 and high base near it. Retesting support after a big jump up shows more strength.

Well we'll need a push tomorrow to break the resistance levels. Another white candle above the 1240 again will be great. We want confirmation tomorrow and a candle between 1240 and 1260 is enought. A slow grind up and retesting resistance as support is the way to go for a strong build. So Little Bull is 60/40 bulish for tomorrow.

Now we wait to see post market videos hope they are bullish because I'm in to win.

 

[cak165]

bquat, you have to throw all that technical analysis out, it would make sense in a normal market but this nothing but a normal market. I am still sitting on the sidelines, I'm glad I was hesitant and waited to use my IFT, I don't think I'm moving out of my G fund, I hope you didn't jump in prematurely, I still think we will have much better entry points if we can be patient (and nimble enough as much as TSP allows) to get back in, probably much below 1000 on the S&P.

 

[Mcqlives]

Getting my wish. I like the market action today. Break 1232 test it, go up to 1242 and do a big retest of the 1230ish, test the 1240 and high base near it. Retesting support after a big jump up shows more strength.

Well we'll need a push tomorrow to break the resistance levels. Another white candle above the 1240 again will be great. We want confirmation tomorrow and a candle between 1240 and 1260 is enought. A slow grind up and retesting resistance as support is the way to go for a strong build. So Little Bull is 60/40 bulish for tomorrow.

Now we wait to see post market videos hope they are bullish because I'm in to win.

Went in to S for money making (I hope). The candle you are looking at is getting lit at both ends and I hope we are right that the bull end will win. My mistake over the past 6 weeks or so is that I kept looking for the long trend charts (2 to 3 years) to give me the intermediate range lows. The problem with this is what cak165 referenced in your last post as this not being a normal market. What I think is happening is that we are stuck in a band of trading with a building of higher highs happening within a cycle of higher lows. This caused me to keep increasing my low predictions that I was hoping for to make an entry (1020ish up to 1060ish then to 1120ish then 1187 with the most recent being 1218). The 1218 bounce the other day was the final straw for me...I just couldn't take being out of the markets any longer! I have some room to play with here (capital preservation wise) as I made some money in the F fund when the market tanked and am still well below by sell point during the summer. Again, I hope I am right that the bull end of your candle wins. Good luck to all!

 

[Bquat]

bquat, you have to throw all that technical analysis out, it would make sense in a normal market but this nothing but a normal market. I am still sitting on the sidelines, I'm glad I was hesitant and waited to use my IFT, I don't think I'm moving out of my G fund, I hope you didn't jump in prematurely, I still think we will have much better entry points if we can be patient (and nimble enough as much as TSP allows) to get back in, probably much below 1000 on the S&P.

I've been saying all along that this was a news market. This is why Premium services arn't performing well. I'm using my TA as an aid but think the investers are in a panic mode to make money for their clients and want to do a little more pushing here. I was scared last night when futures dropp quite a bit and thought that I made a mistake. I was suprized of the strength this market showed turning it around. I think it test the 1218 to 1220 area and came back. I'm 50 in to win and 50 out for the news. I'm still Little Bull and Spidey is quite. It seems like investers are getting more bullish during the day and some are still shorting at night with low volume taking what the can. When more and more believe (I could be wrong) in this trend they'll follow.

 

[Bquat]

Went in to S for money making (I hope). The candle you are looking at is getting lit at both ends and I hope we are right that the bull end will win. My mistake over the past 6 weeks or so is that I kept looking for the long trend charts (2 to 3 years) to give me the intermediate range lows. The problem with this is what cak165 referenced in your last post as this not being a normal market. What I think is happening is that we are stuck in a band of trading with a building of higher highs happening within a cycle of higher lows. This caused me to keep increasing my low predictions that I was hoping for to make an entry (1020ish up to 1060ish then to 1120ish then 1187 with the most recent being 1218). The 1218 bounce the other day was the final straw for me...I just couldn't take being out of the markets any longer! I have some room to play with here (capital preservation wise) as I made some money in the F fund when the market tanked and am still well below by sell point during the summer. Again, I hope I am right that the bull end of your candle wins. Good luck to all!

I used the old channel and a redraw of the bull channel as my indicator. In one night I went from bearish to bullish by my new bull chart and what The Stock Mentor had said. The main reason was when I redrew the bull chart from the beginning of the movement it didn't violate the new channel and it looked as a resonable place to bounce and when it did I jumped. My other reason is like you I've been missing gains to miss loss. I thought the worst news possible had already came out and the market still bounced. I may be wrong but like others I wanted too get some of thr gain side of the market.

 

[Mcqlives]

I used the old channel and a redraw of the bull channel as my indicator.

I just hope that your bull channel is dead on...that would make us all a lot of ching! Maybe even new all time highs by the end of the year (I know, I know, that would be setting up for a hard fall)...but maybe we can get new highs for the year locked in? Maybe 1400ish?

 

[Intrepid_Timer]

I've been saying all along that this was a news market. This is why Premium services arn't performing well.

What are you comparing "well" to? You know why I'm personally not doing as well as I have in years past, but still beating the S fund, which is what most on this site go by as far as how you are doing, isn't too shabby after this bizarre year is it not?