Bquat's Account Talk

[MrJohnRoss]

We now have new all time highs on the NYAD cumulative. The SPX of 1520 is on the horizon. Once we get through 1343 of course.

Funny, I've been watching the same thing Birch. Not even slowing down. Yet.

 

[nasa1974]

Bquat, hope mom is doing ok.

 

[Bquat]

Mom has been having good days lately. Thanks. Hey guys thanks for making my thread so popular this evening.
Check out futures. http://www.bloomberg.com/markets/stocks/futures/ May give you heads up for tomorrow. Seem a little more negative than last night and getting below 1308 and holding can effect the open.

 

[RealMoneyIssues]

Seem a little more negative than last night and getting below 1308 and holding can effect the open.

Glad to hear your Mom is doing better !!

I wouldn't worry about futures until after 0530 EST as the EU markets have a huge affect on futures. We were this low last night and popped big time right at 0530...

 

[nasa1974]

Glad to hear your Mom is doing better !!

I wouldn't worry about futures until after 0530 EST as the EU markets have a huge affect on futures. We were this low last night and popped big time right at 0530...

Let's hope the FC&S funds have a better finish today.

 

[Bquat]

Here is some support lines and remember the Fibs at 1290 and 1274. I'm thinking a retrace to 1290 would be excellent for this market. Expecting the open to be down.

 

[Sensei]

Here is some support lines and remember the Fibs at 1290 and 1274. I'm thinking a retrace to 1290 would be excellent for this market. Expecting the open to be down.

I don't like the sound of 1290, but I think you might be in the right ballpark. If it turns in to a 2-3 day pullback, that's right about where I'd expect support from the 20 day SMA to be. As I type, the S fund is down just a tad more than the C fund. I'm going to hold my split position today, and maybe go all in to S tomorrow. I think if we're down today, we'll get follow through tomorrow as well.

 

[Bquat]

I don't like the sound of 1290, but I think you might be in the right ballpark. If it turns in to a 2-3 day pullback, that's right about where I'd expect support from the 20 day SMA to be. As I type, the S fund is down just a tad more than the C fund. I'm going to hold my split position today, and maybe go all in to S tomorrow. I think if we're down today, we'll get follow through tomorrow as well.

Currently the 5 day is holding.

 

[Bquat]

My 20 day is at 1280. White line.

 

[Bquat]

Mom slept in a little today. Time to set her up and adjust the tv.

 

[Birchtree]

Norm Fosback is predicting a 19% market gain this year. The SPX projection of 1520 is only 15% above current levels. We're on a slow grind upward today.

 

[Bquat]

Norm Fosback is predicting a 19% market gain this year. The SPX projection of 1520 is only 15% above current levels. We're on a slow grind upward today.

You could be right the dips are being bought. If we don't get above 1314 today the down trend of lower lows and lower highs is established. So start buying Birch. I would stay out unless you can see the possibility of breaking it before IFT time.:notrust: Ok bulls tell your side.

 

[Bquat]

You could be right the dips are being bought. If we don't get above 1314 today the down trend of lower lows and lower highs is established. So start buying Birch. I would stay out unless you can see the possibility of breaking it before IFT time.:notrust: Ok bulls tell your side.

Sorry should have spread it out. 1315 must be broken to break channel and 1317 for higher high.

 

[Bquat]

Still setting lower highs but closser to the top of the channel. Tomorrow will tell. % day held as support. We may become bullish but I need to see the purple line break and hold.

 

[Bquat]

% day is 5 day.

 

[Bquat]

Little Bull "the 5 day held as support what more did you need to be bullish?"
Little Bear "were setting lower highs and lower lows."
Little Bull "all the dips are being bought and were above the 5 day and the high base is still good. We're bullish.
Little Bear " Yea the dips are being bought but not back to the top. We're below a major resistance point and our last move over it failed.I'm winning. We're bearish.

Capital Preservation "if we can go either way I have to wait and see. We're at the top of the run and may be over extended. With more chance of loss than the gains possible, gain \ loss ratio is not good. Bearish 60/40.

Sooo let's see. Let's flip the coin today.

 

[Bquat]

Let's make that 55/45 bearish with NASDAQ tring to charge.

http://www.bloomberg.com/markets/stocks/futures/

 

[Bquat]

Got to go. If I had a choice I still wouldent enter today.

 

[Bquat]

Wow what a change right after IFT decision time. Fed news must of been good.

Well we need to build now or it will be double top and drop. Need to build high base.

Profit already made for today.

 

[Birchtree]

A close above 1325 would spook the bears right out of their fur - and then we get a +300 point day.