Bquat's Account Talk

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Mcqlives said:
Bquat,

I hope all turns well quickly for your family! My prayers are added to all others.

As for the markets, I haven't been on here for the past week but had some time to research this morning. Unfortunately I have missed everything above 1265 but am looking at the run up since 1265 hitting heavy resistance. I like your chart but have concerns with the 1207-1310is range (call it as 1302) as being the major hurdle. If we hit this, and the way the market has been digging in I think it is very possible, it has to be broken and held. Good news is if this happens 1302 is the new floor. Bad news is if it doesn't hold as a floor the downside has high potential to come quick and painful.
Again, best wishes for your mominlaw.
Click to expand...
Thanks just got back.
I would agree with you on the 1302 resistance level but think we're do another gap up and we're right near there. I'm kinda looking for 1320 - 30 to be major resistance. I could be wrong but we been gapping and consolidating and repeating. If we gap again the shorts will have to cover. Retesting the last level and recovering is building this wall of worry. Haven't had much time to review videos but did catch an Oscar bullish video and he's due to be right.:D

Mom is calm right now and I may get to watch the videos tonight. Thank for the good wishes and prayers guys.
 
Little Bear is jumping with joy. Little Bull went to get a bat. If we break the bottom of this channel I will have to exit. If it holds I risk another day. It's early in the year. I hope the decision is made before IFT time and this dip may be what the market needs.Reminder, Friday the 13th is usually lucky for me.
 
Mcqlives said:
Thinking about F. How's mom?
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She is having a good day today. She hasn't been eating but did ask for some rootbeer and said it was a good day today. We must cherrish these good moments.

I almost put more in with the bounce but I'll stay 50% exposed. Small gains and smaller losses is the way to go I guess. You have to let the old trigger finger impulses go.:D
 
Good to hear it. My mom went through a real rough patch a few years ago (we almost lost her) but she pulled through it and is still as ornery as ever! Hopefully this good day continues into a good week!

As for the trigger finger...it has been itching for the past 2 weeks and I think it may be time to pull it! Hopefully this finger pull doesn't result in a stinky smell:cheesy:! Oh well, still have 10 minutes to decide.
 
Mcqlives said:
Good to hear it. My mom went through a real rough patch a few years ago (we almost lost her) but she pulled through it and is still as ornery as ever! Hopefully this good day continues into a good week!

As for the trigger finger...it has been itching for the past 2 weeks and I think it may be time to pull it! Hopefully this finger pull doesn't result in a stinky smell:cheesy:! Oh well, still have 10 minutes to decide.
Click to expand...
We're hitting resistance right now and may creat a lower high so I'll wait until tomorrow. Drew a fib. retracement.
 
After reviewing on how to do chart on Freestockcharts.com with Sensei, I redid the moving averages. I think I have them to 5day yellow, 13 day orange and monthyly (20 day) white.
So we are back above the 5 day short term bullish and above the 13 day mid term bullish and above the monthly mid-long term bullish. Now I'm not going to let this over influence me but I will be evaluating it these time frames work for me on the 30 min. I will probly check out the 13 day as a possible swing indicator because it divides the month in two (two IFT's) but I for one can't back test this. So I may use this just for an aide in the decision process.

What do you guys think?
 
Bquat said:
After reviewing on how to do chart on Freestockcharts.com with Sensei, I redid the moving averages. I think I have them to 5day yellow, 13 day orange and monthyly (20 day) white.
So we are back above the 5 day short term bullish and above the 13 day mid term bullish and above the monthly mid-long term bullish. Now I'm not going to let this over influence me but I will be evaluating it these time frames work for me on the 30 min. I will probly check out the 13 day as a possible swing indicator because it divides the month in two (two IFT's) but I for one can't back test this. So I may use this just for an aide in the decision process.

What do you guys think?
Click to expand...

I don't know what all this means, but it looks like we just had a small wave down and hopefully should have a big wave up? I hope... :)
 
Bronco07 said:
Do you think Tuesday will be the determination day?
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With recapturing the 5 day I'm a little bullish. I'm only 50% exposed until it looks like we won't get a drop and lately there's always something going bad in the news.
 
The channel is looking good. Back up at resistance so maybe some consoladation. Haven't decided if I want to follow it back to the bottom of the channel but probly will because the wall of worry is still in an upward direction and were above the 5dma.
 
I was wondering if we were going to get another shot up all at once, looks like it. The major gains in this channel have been made w/ one shot events. If you aren't in, or impeccably timing things, you miss the jump.

Hopefully, for those of us in, we'll get better creep upward this time.
 
Birchtree said:
If my permabull friends step in the SPX will explode above 1304 before the close today.
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Yea they're going to have to buy because 1302 has been good resistance in the past. So start buying buddy we'll need some help at this level.:)
 
I will be remaining 50% exposed here with a higher high and a show of support holding.
 
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