Bquat's Account Talk

[Bquat]

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?

Not too shabby, but I was looking for 6 to 8% hands off system and you can still make that. It's just been a scarry year. Only reason I'm ahead is that I missed lose and you fixed that. Don't worry your one of my three tier system which was 4 tier with JTH not charting for me.

 

[Bquat]

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?

It is amazing me and maybe we can get a three horsemen tomorrow major bullish. I was also happy with Uptrend getting a buy. Tomorrow if we go up again, I might increase my amount because we negate the bear flag if it's even worth mentioning. It would be good to continue gains instead of just missing losses.

Here's the simple chart: I hope I have to look for higher resistance levels tomorrow.

 

[Bquat]

Well havent decided if I want to add to my position. Not quite as bullish as I hoped so far. Let's see if this dip gets bought. Don't break the 1240. I want to stay bullish so shake this stuff off.

 

[Bquat]

Well havent decided if I want to add to my position. Not quite as bullish as I hoped so far. Let's see if this dip gets bought. Don't break the 1240. I want to stay bullish so shake this stuff off.

Oh, Big Daddy, I mean Little Bull, would love to see a white candle with a big bottoming tail today. Can we do it? I think I saw Birch buying again.

 

[cak165]

I expect a major selloff in the afternoon, no one is going to hold long positions going into this weekend - Greece, Italy, MF Global liquidation, Jefferies problems, etc...Just my gut feeling, I'm still watching this train wreck in slow motion from the sidelines.

 

[Bquat]

I expect a major selloff in the afternoon, no one is going to hold long positions going into this weekend - Greece, Italy, MF Global liquidation, Jefferies problems, etc...Just my gut feeling, I'm still watching this train wreck in slow motion from the sidelines.

If the up movement from the 1238 continues up over 1250ish, I think it will go the other way as people try to buy the dip. Normally a dip isn't bought by big money under the 200 but I'm hoping this rally is different because they need to make profits for clients or at least I hope they do. If we continue up for 30 min they should buy and show that they're tired of the EU stuff. I could be wrong but Spidey is not too nervious noe and Little Bull is Happy with 1238 holding. Let's flip the coin. Ok I heads and your tails.

 

[cak165]

I hear you, in a normal market that may make sense. This is not a normal market, it's a schizophrenic market, they're piling on with the Risk On/Risk Off because they're all afraid of holding any long positions for more than a couple of days for fear of blowing up by some unexpected event. A fund manger can always justify a conservative percentage for their clients and for missing the bus because of the geopolitical events. No fund manager can afford to stay in business if he blows up because of some "event". That fear, IMO, is much greater than trying to make few percentage points or beat the S&P.

 

[Bquat]

I'm staying in but not adding to my position. Take a look at Live with Oscar. He's looking for a head and shoulders test on the dollar to fail, hopfully. I have to go. Good Luck.

 

[RealMoneyIssues]

I'm staying in but not adding to my position. Take a look at Live with Oscar. He's looking for a head and shoulders test on the dollar to fail, hopfully. I have to go. Good Luck.

Did you get that from his last video? I watched it and he was talking about a H&S on the USD and an inverse H&S on all the indexes... did he update somewhere?

 

[Bquat]

Did you get that from his last video? I watched it and he was talking about a H&S on the USD and an inverse H&S on all the indexes... did he update somewhere?

No it's the same one. I should of said Head test on the H&S and I was hoping the head test failed and the dollar goes down. I was typing fast with my two fingers and wanted the post done to give others time to decide. Here's the link for others.

http://www.livewithoscar.com/ Go to daily video.

 

[Bquat]

If the up movement from the 1238 continues up over 1250ish, I think it will go the other way as people try to buy the dip. Normally a dip isn't bought by big money under the 200 but I'm hoping this rally is different because they need to make profits for clients or at least I hope they do. If we continue up for 30 min they should buy and show that they're tired of the EU stuff. I could be wrong but Spidey is not too nervious now and Little Bull is Happy with 1238 holding. Let's flip the coin. Ok I heads and your tails.

Heads I win?

 

[Bquat]

Oh, Big Daddy, I mean Little Bull, would love to see a white candle with a big bottoming tail today. Can we do it? I think I saw Birch buying again.

Ok, I want my cake and eat it , too. Not cak165 ok buddy.

 

[Bquat]

Hope I didn't jink it?

 

[nasa1974]

Hope I didn't jink it?

maybeeeeeeeee!! maybeeeeeeeee not!! The VIX has gone into the red for the first time today. That's a good sign. The way things have gone today it really won't be decided until the last 15 minutes of trading. That's the way I see it. For what it's woth anyway.

 

[Bquat]

maybeeeeeeeee!! maybeeeeeeeee not!! The VIX has gone into the red for the first time today. That's a good sign. The way things have gone today it really won't be decided until the last 15 minutes of trading. That's the way I see it. For what it's woth anyway.

Were in this together, as I said I want friends to get positive returns before Jan1, Right?

Today is looking more and more like consolidation, which is good after today's news. Retesting the 1240 (1238) is good stuff too. I think some shorts got hurt expecting a bigger drop.

 

[Bquat]

I'm happy. Retested two support areas that we regained as support. I think we showed a lot of strength getting back. Maybe this will encurage more to buy in on Monday. Little Bull 60/40 for monday.

You guys?

Here's Simple Chart. Normilly a hangman is bearish but I taking this more as a bottom tail on the 1238.

 

[cak165]

Yep, pretty strong close considering all the uncertainties out there. Bodes well for next week if we get a quiet weekend...

 

[Bquat]

Hey we reentered the old channel and it held today. Go figure.

Comments welcomed. Contrary comments welcomed too.

 

[Sensei]

Hey we reentered the old channel and it held today. Go figure.

Comments welcomed. Contrary comments welcomed too.

We're forming a nice "W". Might need one more red day on Monday to complete the 2nd leg down, but I think by Tuesday we'll start up again. I'm still in S 100%. Maybe that should be a contrarian indicator.

 

[Bquat]

I'm hoping for a bounce off of 1238 again.:worried: