Bquat's Account Talk

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RealMoneyIssues said:
No doubt we will have a gap up tomorrow, but there is now way we are getting a +300 point day... sorry :D
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Gap up tomorrow maybe with the breaking of major resistance today. I redrew the Wall of worry. With my Capital Preservation I've missed around 3% gain but many have missed more. I'm ok though. I've missed gain before. Worried talk above the ecconomy has kept me walking softly and the bullish trend continues. Just can't break myself with that other shoe is going to drop mentality.

So for those that don't have it, I congraduat you. Here's to you and the bull trend. I'm not in.
 
Guess the market didn't like housing sales and decided to take profit today. Will support hold are will we go down to the bottom of the channel? I don't know but think it has a good chance since the profit taking is already started. Still 50G 50F.
 
Bquat said:
Guess the market didn't like housing sales and decided to take profit today. Will support hold are will we go down to the bottom of the channel? I don't know but think it has a good chance since the profit taking is already started. Still 50G 50F.
Click to expand...

It will be interesting to see what the lunc bunch crowd does today. Will have to keep a close eye around 2:15 that is the make and break time for the market. That and it seems that the last 15 minutes can be exciting.
 
We are in the midst of earnings season with a lot of be profits being reported. If the housing sales and a little hiccup in the unemployment causes this then the bulls can't be that strong. At least that is what I am hoping for because I have only made about 2% this month!
 
Mcqlives said:
We are in the midst of earnings season with a lot of be profits being reported. If the housing sales and a little hiccup in the unemployment causes this then the bulls can't be that strong. At least that is what I am hoping for because I have only made about 2% this month!
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That was a neat trick. I was going to the second page to find my account and right at that time you broght it to the first.:D

See that blue line buddy. That was major resistance for over a year. Now it support. I my be almost important as testing the 200 dma. If it holds today a buyin senerio will be in effect. If it fails it could generate a sale off. JMHO. Keep eves open. I have only G as an option until wednesday.:( What you think?

I was on line for mom time. Had to go but it looked like I was here. She's having a fair day and I gave her a good clean up so she's happy.:D
 
Bquat said:
That was a neat trick. I was going to the second page to find my account and right at that time you broght it to the first.:D

See that blue line buddy. That was major resistance for over a year. Now it support. I my be almost important as testing the 200 dma. If it holds today a buyin senerio will be in effect. If it fails it could generate a sale off. JMHO. Keep eves open. I have only G as an option until wednesday.:( What you think?

I was on line for mom time. Had to go but it looked like I was here. She's having a fair day and I gave her a good clean up so she's happy.:D
Click to expand...

Blue line is the key, you are right there. I just wonder at todays reaction after such a strong rally. It seems more than just the "fear" of a top being here. As far as Wednesday...the way this market has dawdled along I don't think you have anything to worry about.

Hope the momasan has many more better days in the future!
 
Looks like a close below the blue line looks probable. Tomorrows morning action will determine if im going to jump back in this month myself.
 
Correct Sensei!!! I was merely trying to point out the strength of this resistance which is now being tested! If and when truely broken will act as very strong support. Thank You! Bquat... Sorry for posting the chart on your thread!
 
Sensei said:
I know what you're trying to say, but technically this is the first time the blue line is being tested. I mean, you have to have 2 points first to create the line, right?
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I was talking about being tested as support. I'll have to check it on the computer. I'm IPAD1ing right now. Can't check freestockcharts.com no silverlight.
 
A2Z1112 said:
Correct Sensei!!! I was merely trying to point out the strength of this resistance which is now being tested! If and when truely broken will act as very strong support. Thank You! Bquat... Sorry for posting the chart on your thread!
Click to expand...
You can posts charts ant time here. They will help in any explanation.
 
I think there was three tests below it and one from above. You know it seems like the market kind of egnored it going up and going down. the bottom of the channel did provide support. Is some one buying in the back ground just at the channel bottom?
I'll check out the 15 min to see if there was any hesitation on the blue line.
 
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