Bquat's Account Talk

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Bquat said:
Where is everyone in the afternoons lately? MB seems quiet lately with less and less post market talk. Must be burnout or the fact that technical analysis is not working anymore and we're using the deer in headlamp approach. Keep your eyes on the road and hope the car will turn soon.:worried:
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Deer in the headlights is exactly how I feel lately. For a while we were trading within a range and I was able to step aside, avoid some loss, and step back in to catch a gain. But now I can't predict two days into the future with any certainty, so I'm in sticky pants (S-fund :sick:) just hoping this penant breaks UP.
 
Sensei said:
Deer in the headlights is exactly how I feel lately. For a while we were trading within a range and I was able to step aside, avoid some loss, and step back in to catch a gain. But now I can't predict two days into the future with any certainty, so I'm in sticky pants (S-fund :sick:) just hoping this penant breaks UP.
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The car flashed it's lights today, trying to get us off the road.:worried:
 
Birchtree said:
You are in the right place but perhaps the wrong fund.
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I can only change to G and not ready yet. Do you think the news breaks are being pieced milled out to make max profit. Seems the bad news is being slowly released on peak days so the market can handle it. Italy news could of been released at the same time as Greece but the news organizations seem to want to spread it out to keep viewers. Or is foreign markets being manipulated for profit. Sell at market highs, release the news and buy the dips and then release the plans to fix it and repeat the process for another country. The the WTO have stock buyers?
 
You're still above water, aren't you Bquat? I don't think there's a coordinated effort to release news piecemeal fashion, it's been so unpredictable that even the likes of Goldman Sachs and JPM trading desks are now losing money on a consistent basis (remember they'd go entire quarters making money every single day?). We used to have sell-offs in the mornings and markets recover in the afternoon, now it's kind of reversed, there's just so much uncertainty out there. With bond rates of Italy and Spain now in the 7% danger zone, any small unexpected event could trigger massive selloffs. The fundamentals in the U.S. are looking better and everyone is expecting (hoping) for an end of year rally (and it could still happen) but the risk is not worth it with our hands tied behind our backs, IMO. If the markets do have a December type rally, the news from Europe will continue to put a damper and probably keep us in a trading range and might give some of us a chance to slowly enter and buy those dips. However, if the markets crater one afternoon because of a default or a downgrade, we can't exit and we'll be left holding the bag.
 
cak165 said:
You're still above water, aren't you Bquat? I don't think there's a coordinated effort to release news piecemeal fashion, it's been so unpredictable that even the likes of Goldman Sachs and JPM trading desks are now losing money on a consistent basis (remember they'd go entire quarters making money every single day?). We used to have sell-offs in the mornings and markets recover in the afternoon, now it's kind of reversed, there's just so much uncertainty out there. With bond rates of Italy and Spain now in the 7% danger zone, any small unexpected event could trigger massive selloffs. The fundamentals in the U.S. are looking better and everyone is expecting (hoping) for an end of year rally (and it could still happen) but the risk is not worth it with our hands tied behind our backs, IMO. If the markets do have a December type rally, the news from Europe will continue to put a damper and probably keep us in a trading range and might give some of us a chance to slowly enter and buy those dips. However, if the markets crater one afternoon because of a default or a downgrade, we can't exit and we'll be left holding the bag.
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Thanks for the responce.:)
 
So did we need this bearish move to make us more bullish? I think so. Can this be the false breakout we've been looking for. I think so. Little Bull does not want to drop below 9% gains this year and hope this past move is profitable.:)

Here's the Triangle:
 
Wow a lot were posting this morning. I had to get coffee and started reading. Most people are coin tossing right now and we need to go green to reenter the triangle. I am holding and trusting this is a false breakout until confirmation this afternoon or tomorrow. I'm taking a chance here but I have some tolerance being 9% in the good. Good luck guys I'll be watching for a while.
 
Not seeing a mass exit in the tracker it confirms that a lot are watching for confirmation or a bounce at 1225ish.
 
This market has just scare me. I had a good resistance line at 1218. :worried:
 
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I think the damage may be done and we are at major support. Can we bounce here? I hope so. Do I get out with gain tomorrow. This I don't know either. I am close to going back to Capital Preservation unless there is a good bounce tomorrow of about 2%. Convince me guys.

Well MSN went to silverlight with there charts and I cant extend them out anymore because the scale is on the right now. Went to the 3 month to find support.

Here's what I got. Never mind it's too big. Itwould have shown the 1216 support level is strong. I'll have to find another way to do charts I guess.:mad: try this it might work

http://investing.money.msn.com/inve...tick&scale=Auto&comparelist=$indu,$compx,$inx
 
As you can see in my thread, I posted a chart from the WSJ Market Data Center. You can just right click and copy & paste it directly into your thread, but unfortunately it includes all those extraneous charts at the bottom.
 
Looks like the support line is holding. I am worried about the low base, but what can we expect for Friday? No more sell off could be all we can hope for. Hopfully a low volume drift up next week or Oscar's famous holiday reversals.:) Little Bull needs some positive reenforcement right about now. I still hope this is a false breakout and we turn.:worried: Barely holding on here.

Still practicing with http://www.freestockcharts.com/
 
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