Bquat's Account Talk

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Bottom of the channel held. Must be careful. Little Bear is marking it with his flag now. Who woke him up?:(
 
Don't panic yet. It's only 1% and I'm even even at this point. Up to a 2% correction can be good for this market. Some may be using this to get in if it holds at 1327ish.
 
Sorry about being a little late. I'm between a rock and a hard spot. By Capital Preservation I should exit here with this Bear flag. But with less than a two percent change I don't want to exit and be out over !/2 month. So since I'm only 60S I'll wait and save an IFT. Good luck guys.:worried: I hate the 12 pm IFT time.:(
 
Intraday double bottom set. We should go up from here.:)

Ok to get a little perspective here, I redtew the channel to what is a 1% channel. Got support at the 20 day and first Fib. at 2%. The purple line is at 3 1/2 %. Remember when we were doing 4% swings last year. I'm glad I didn't exit so far. 1 to 2% isn't much as a risk to take and I didn't want to use my last IFT. Only lost .6% so far. Good luck guys. What do you feel about risk \ reward right now? Even if we get above the resistance level there's only 1% to the next one.
 
Bquat said:
Intraday double bottom set. We should go up from here.:)

Ok to get a little perspective here, I redtew the channel to what is a 1% channel. Got support at the 20 day and first Fib. at 2%. The purple line is at 3 1/2 %. Remember when we were doing 4% swings last year. I'm glad I didn't exit so far. 1 to 2% isn't much as a risk to take and I didn't want to use my last IFT. Only lost .6% so far. Good luck guys. What do you feel about risk \ reward right now? Even if we get above the resistance level there's only 1% to the next one.
Click to expand...

maybe another 1333 test? or maybe a hit on 1353 agail. as far as risk/reward I think we are about equal sans Greece. Figure in Greece and it is entirely news driven on Monday. I am in for the reward or damage so I am going to try to ignore this stuff this weekend and tune back in monday morning. Have a great weekend!
 
Bquat said:
Intraday double bottom set. We should go up from here.:)

Ok to get a little perspective here, I redtew the channel to what is a 1% channel. Got support at the 20 day and first Fib. at 2%. The purple line is at 3 1/2 %. Remember when we were doing 4% swings last year. I'm glad I didn't exit so far. 1 to 2% isn't much as a risk to take and I didn't want to use my last IFT. Only lost .6% so far. Good luck guys. What do you feel about risk \ reward right now? Even if we get above the resistance level there's only 1% to the next one.
Click to expand...
Intraday double bottom set. We should go up from here.:)
Got this.:)
 
Found some support that held. Now let's see if we can set a new high.:)
I'm a little impressed.
 
Bquat said:
Yea I took a quick 10 day look at them and it looked like they're rising from the dip.:)
Click to expand...
Good gap fill too.

z
 
Run if you see a close of SPX above 1360 because all hell is going to break loose and you don't want to get caught in the stampede.
 
I'm up for another try tomorrow. We're at a high base. No sizable bounce off resistance and a good position to gap up from. So let's give it a try tomorrow.:)
Above the 5 day and 13 day and 20 day rising and above the first Fib. Retracement line.
 
Well forget the little blue lines, at least the 5 Day is holding us up. Hope for a big bounce. Slept in so here's your quick chart.:)
 
Little Bear is dancing.:(
Little Bull went for a tennis racket saying something about protecting a blue line.:)
I'm hoping for the bottom of the channel to hold and may be an entry point the peoples want.
 
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