Bquat's Account Talk

[bmneveu]

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.

This could be spot on!

 

[Bquat]

This could be spot on!

We all hope so.

 

[Bquat]

Staying 50%S 50% G.

 

[cak165]

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.

I am thinking, with the attention turning to Italy now (a much much bigger problem, take a look at their bonds yield), that second leg down may take more than just a single day to form - could be an extended leg down if things begin to unravel. I'm not taking chances until the dust clears a bit and put all that Euro stuff behind us, it may be too late to jump on the bandwagon if the the markets take off but that's a risk I'm willing to take. You guys be careful out there!

 

[Bquat]

Ok enought consolidation. Let's light this candle! Drew the old channel in just to keep it in mind. I think I got it right.

 

[Bquat]

I am betting against the chance of going down big time starting tomorrow. My chart shows toppin tail on first white candle and bottom tail on second candle. I bet positive tomorrow. Just my guess. If I drew across the top of the next candle it wouldn't be parallel. It would broaden at the bottom. Tomorrow will tell. I'm only 50% in anyway.

Ok guys, back me on this.:worried:

 

[Happy_Trails]

Hopefully, Berlusconi quits soon. That might help short-term.

 

[Sensei]

I am betting against the chance of going down big time starting tomorrow. My chart shows toppin tail on first white candle and bottom tail on second candle. I bet positive tomorrow. Just my guess. If I drew across the top of the next candle it wouldn't be parallel. It would broaden at the bottom. Tomorrow will tell. I'm only 50% in anyway.

Ok guys, back me on this.:worried:

With the Nikkei down over a buck and a quarter today, it's looking a little more bearish than I was expecting. Instead of a quick 2nd leg down on the "W", we're getting a 3-day flat top. Wouldn't surprise me at all to see us drop down to 1225 or the 50 day MA before heading back up. But IMO there's more risk being out than being in for the short term. There's a bounce out there, and I'm gonna catch it!

 

[Bquat]

Anybody getting bullish yet?

I think the market just got more bullish leaving the bottom of my channel. Above the 200 again also. Hope for more follow through tomorrow. Thinking of adding the other 50%.

What do you guys think now?

Here"s the simple charts.

 

[Bquat]

I'm a little bullish on this also.

 

[Happy_Trails]

I'm with you - hope we get some follow through and can stay above the 200sma this time. Hang in there little bull.

 

[Sensei]

I'm a little bullish on this also.

Does that look a little like a head & shoulders, and we're about to start a steep descent into the right shoulder?

 

[Bquat]

Does that look a little like a head & shoulders, and we're about to start a steep descent into the right shoulder?

You are correct it does, but I was trying to ignor it because Oscar says it's a continuation pattern because it's a small time frame. He may be wrong. I need to recover to 1257 to maintain my channel. Cross fingers. I might stop saying that I may add to my position because the market wants to change my mind each time. May be contemplating an exit today. Can't risk a big loss with the break down below the 200 again.:worried:

 

[Bquat]

Going wit Oscar. Looking for this pattern to repeat. Increasing S another 50% to 100 S. Bold move here. I like how 1240 held and can't wait to see the move up so taking a chance.

 

[Bquat]

Ok, now some coffee and hope I guessed right and I hope live with oscar is right. Buy the dip guys.

 

[Mcqlives]

Ok, now some coffee and hope I guessed right and I hope live with oscar is right. Buy the dip guys.

I am riding the S as well...but am wondering if large caps would have been the better choice?

 

[Bquat]

I am riding the S as well...but am wondering if large caps would have been the better choice?

Acording to the tracker only a few are in C with 33% at most.
http://www.tsptalk.com/tracker/tsp_user_record_all.php

 

[cak165]

Going wit Oscar. Looking for this pattern to repeat. Increasing S another 50% to 100 S. Bold move here. I like how 1240 held and can't wait to see the move up so taking a chance.

Oh no you didn't!!!

So much for capital preservation, eh? I wish you best of luck.

 

[Mcqlives]

Acording to the tracker only a few are in C with 33% at most.
http://www.tsptalk.com/tracker/tsp_user_record_all.php

that may be one of the reasons in favor of the C.

 

[Bquat]

Oh no you didn't!!!

So much for capital preservation, eh? I wish you best of luck.

Yea but I saw the tracker and a lot were buying. Oscar was bullish. JTH went in and 1240 held. I took a chance. Trying to work on my gain side. What can I say. Spidey is quiet.

Soo lets go.