Bquat's Account Talk

[Kaufmanrider]

I am with you on this move. Lets hope the F fund finds some support.

 

[Bquat]

Little Bull " Didn't you see the bull flag forming, dummy. "
Little Bear " We're in Capital Preservation and it looked like the market was making an exhausion move. Besides were at an enormous resistance point we might bounce down off of."
Me: " I may have jumped and I may miss some gain but I can reenter at the next level. Spidey sense has saved me in the past, so if I for no reason feel a dire need to exit. I exit.""

The market is bullish, the market is extended with out a correction and I am too protective againt a possible loss.:worried:

Ok contrarians post your side:
P.S. Did you notice the top of the channel offered no support.

 

[Birchtree]

There is a great amount of evidence suggesting that the A/D line will not top simultaneously with price. So the time to be on guard will be when the market averages make new highs, but the A/D line falls short.

 

[Bquat]

There is a great amount of evidence suggesting that the A/D line will not top simultaneously with price. So the time to be on guard will be when the market averages make new highs, but the A/D line falls short.

Ok, what is the A/D line?

 

[Bquat]

Hey, Birch? Didn't you say sell when the VIX is below 20?

 

[Birchtree]

The NYSE advance/decline line is the difference between those stocks going up verses the number of stocks going down on any give day. It's a measure of internal strength or weakness. The NYSE is breaking to the high side and this is bullish. I monitor it as a longer term metric.

I said you would be safe until the VIX entered the 15 range - then you should be careful. It will be very difficult to sell on the market highs.

 

[RealMoneyIssues]

Hey, Birch? Didn't you say sell when the VIX is below 20?

I don't think 'sell' is in his vocabulary. It is on the same shelf as 'bear'.

 

[jpcavin]

I think he starts worrying when it gets to 14.

 

[RealMoneyIssues]

I think he starts worrying when it gets to 14.

Doubt it, any Bull will tell you that they love it when the VIX is below 17 and start sweating over 20...

I don't think BT is sweating

 

[jpcavin]

Doubt it, any Bull will tell you that they love it when the VIX is below 17 and start sweating over 20...

I don't think BT is sweating

I don't think you've been paying attention Grasshopper. BT always warns about the VIX going below 14. People get complacent and before you know it, the VIX spikes.

 

[jpcavin]

I don't think you've been paying attention Grasshopper. BT always warns about the VIX going below 14. People get complacent and before you know it, the VIX spikes.

Or was that the RSI? Oh, hell!

 

[RealMoneyIssues]

I don't think you've been paying attention Grasshopper. BT always warns about the VIX going below 14. People get complacent and before you know it, the VIX spikes.

Yes, Sensei

 

[jpcavin]

Yes, Sensei

I think you have me confused with another TspTalk Member..:toung:

 

[RealMoneyIssues]

I think you have me confused with another TspTalk Member..:toung:

Nope...

Sensei (先生?) is a Japanese word that basically means "person born before another."

http://en.wikipedia.org/wiki/Sensei

 

[jpcavin]

Nope...

Sensei (先生?) is a Japanese word that basically means "person born before another."

http://en.wikipedia.org/wiki/Sensei

Alright, smartass :laugh:

 

[RealMoneyIssues]

Alright, smartass :laugh:

Couldn't resist... :embarrest:

 

[Birchtree]

Normally whenever the VXO surges to 50, it is time to buy aggressively as fear has peaked so a huge stock market rally is imminent. A level below 15 is a time to be cautious. As a buy and holder I don't like to sell often.

 

[Sensei]

Ah, soo.

 

[RealMoneyIssues]

Ah, soo.

Good Evening, Sensei

 

[Bquat]

Thanks for visiting guys. Well moving up on the tracker to 505, I just need to rise 5 more spots to becaome a sound TA guru. Just kidding. 1 to 2% can move you 150 places.

The market did rise at the end of the day making the intra day bull flag correct, but didn't it stop right at the high making a double top?:worried: You would think the bull flag could have gave us a new high. Look like all the computers had 1315 as a stop. We'll see if my Spidey still has any power and saved me again. Reward / Risk level doesn't seem good to me,

Ok, on the chart the top of the channel had no effect on Friday's action so I removed it. The gray lines are redone for current Fib. lines. The bottom of the channel is a support line. I drew the support and resistance line for the last two days action. Flip the coin. I pick tails.

Post you guesses here.