Bquat's Account Talk

[Bquat]

Little Bear comes out and says " The market is going to have a correction."

Little Bull starts thumping his finger on Little Bears fore hear and says " Mc Bear, Mc Bear 1302 was the correction."

Here's the Bull fighting with this mornings high. Is someone trying to draw us in. The new channel has kinda the same width and direction as the channel before this little dip. So did we return a the bullish channel again. We are back to higher high and higher lows or is this just ato drawl us in before a big profit tacking adventure. It is making my trigger finger itch. So I watch.

P.S. Birch I know what you would say.

 

[Bquat]

The bulls are buying the dips but I still think the Bears are winning. Even with a higher high today it was short lived because we still went back down. If we break the support line I have in blue the market may turn bearish. We are coiling up between the top of the white channel and the blue support line. I leaning toward it breaking toward the down side because we are at the top of a run. I'll probly be wrong because the wall of worry continues. Even thought I'm only 50G and 50F, I'm still making so gains and have moved into the top 500. So the market must be going down still ever so slightly.

I think I wait and watch for a move above 1332ish or higher. I'm looking for a break above the high peak before moving. Still a little bearish.

I'm sticking to this and staying put. Here's a redraw for Little Bear:

I hope the move for today is done.

 

[Birchtree]

I seriously doubt that the day's move has topped - I'd like a +300 point day with the SPX going through 1330 or beyond. But then again I'm usually optimistic.

 

[FAB1]

speak for yourself. I want 1340 or beyond!!

 

[Bquat]

I seriously doubt that the day's move has topped - I'd like a +300 point day with the SPX going through 1330 or beyond. But then again I'm usually optimistic.

Tomorrow you may have your proof that I'm wrong being bearish. In my Capital Preservation mode I miss gains. Little Bull agrees with you but I'm a foot dragging type that needs a push.

 

[Bquat]

Got to go.

 

[Bquat]

I'm sticking to this and staying put. Here's a redraw for Little Bear:

I hope the move for today is done.

I guess it was. Little Bear and Little Bull can fight another day.

 

[crommie]

Has anyone heard from Bquat today? I hope his Mom Inlaw is okay...:worried:

 

[Bquat]

Has anyone heard from Bquat today? I hope his Mom Inlaw is okay...:worried:

She's ok. She had a little bit of a mean day. Started out all right but got angry which isn't her.

Well I had a couple of VA appointments today and had a lot of time between them. Some of you know how that is. Did a little help a vet inbetween.
Let me go do a quick chart. Be back.

 

[Bquat]

Market didn't look that strong this morning. Matter of fact the market has looked weaker from the last high. But you know what, it's forming a big Bull Flag. Probably wouldent have see it by IFT time if I was here. Might be a short entry point for some of you. I'm waiting for 1340 to be broken because I see the resistance above. I may just be chicken little here. It could even gap up above resistance and grab the shorts by the pants. Just because of my Capital Preservation I have to see the move. Maybe you can convince me?:notrust:

 

[Bronco07]

Bquat,
Good to hear all is well & your local VA is treating you kindly. I'm with you on the charts ---- speculating a drop in the near future --- just wish I could forecast the date ... cheers

 

[nasa1974]

---- speculating a drop in the near future --- just wish I could forecast the date ... cheers

Don't we all.

 

[nnuut]

The problem is WHEN is the drop!

 

[crommie]

She's ok. She had a little bit of a mean day. Started out all right but got angry which isn't her.

Well I had a couple of VA appointments today and had a lot of time between them. Some of you know how that is. Did a little help a vet inbetween.
Let me go do a quick chart. Be back.

Hi Bquat, glad to hear that things are okay with Mom and with you. Now I'll go read what everyone is thinking since I left work at 1700.

 

[nnuut]

Ben there and done that, It's something you have to do. You are a good man, take care of Mom many don't.

 

[Birchtree]

SPX at 1336 on the open - heading for 1343 for more bullish evidence.

 

[Bquat]

Market didn't look that strong this morning. Matter of fact the market has looked weaker from the last high. But you know what, it's forming a big Bull Flag. Probably wouldent have see it by IFT time if I was here. Might be a short entry point for some of you. I'm waiting for 1340 to be broken because I see the resistance above. I may just be chicken little here. It could even gap up above resistance and grab the shorts by the pants. Just because of my Capital Preservation I have to see the move. Maybe you can convince me?:notrust:

Got that. I will enter today. Wish I was around yesterday. I'm going 60S and 40G

 

[FishSqueezer]

Bquat, first let me thank you for your contributions to the forum and the help you've been to me figuring all this stuff out! You're thread is one a a few that I look forward to. My question here: why did you do the analysis of the S&P 500 (C fund) and then decide to move to the S fund??? Other than its been doing better recently than the C? Couldn't you have done the same analysis on the W4500?

Thanks again for you input!

Fish

 

[SPN46er]

Got that. I will enter today. Wish I was around yesterday. I'm going 60S and 40G

Good call! I stand corrected. Looks like I will probably be doing something similar today.

 

[Bquat]

I got my IFT in and can cancel if I see a big drop but I don't expect one. With the big move today there might be a big buy today. So, If you are deciding to get in do it early. You don't want to be stuck with slow TSP.com speed at IFT time like I have twice in the past. One of them was when I started with 18 min. to IFT time. Just remember if this is just an over reaction to the jobs report and it drops, you might not be able to cancel later. CP kept me to entering at 60%. Good luck in your decisions, this is just mine and i'm in the bottom 500.