Bquat's Account Talk

[nasa1974]

Futures look horrible currently...this sucks...

Too early. Just a reaction to the US market Friday. I hope we don't have a gap up when we open but good buying opportunities. Would be nice to see a steady move up with a flat line developing during the day till close.

 

[MaStA]

Too early. Just a reaction to the US market Friday. I hope we don't have a gap up when we open but good buying opportunities. Would be nice to see a steady move up with a flat line developing during the day till close.

I hope you're right...I've lost all of my gains for the year already and I will probably be making my way down negative lane once again. I suck at this stuff and I'm about to say screw the stock market and keep my money in my savings account. Money can grow in the stock market if you know what you are doing, but I'm obviously not one of them and I would rather just keep the money I earn and be done with it...

 

[Bquat]

Well I'm sorry about being out of pocket lately but it might of helped you guys, I will be staying in because I don't have a loss until I sale. I'll have a chart soon.

 

[Bquat]

Here you go.

 

[Bquat]

Ok, we need to break 1374 to greatly lessen the chance of a bear flag and more doward movement.:worried:

 

[Mcqlives]

Ok, we need to break 1374 to greatly lessen the chance of a bear flag and more doward movement.:worried:

Does 1373.91 count as a test??? I'm kidding, btw. Todays action following the head and shoulder not looking good.

 

[Mapper]

I'm sitting tight for the time being. Thought about adding to my longs but decided I've got enough risk on the table for now. The rest of the week will be interesting. Going on vacation on Thursday so I'm leaning toward making an exit.

 

[ILoveTDs]

I'm sitting tight for the time being. Thought about adding to my longs but decided I've got enough risk on the table for now. The rest of the week will be interesting. Going on vacation on Thursday so I'm leaning toward making an exit.

Mapper, If your making an exit, make it Thursday and not before, seasonality this week are on your side MHO.

 

[Bquat]

Quick heads up. Many on the tracker are taking profits today.Two of the people I watch have gone to safety and one is entering today and others are remaining bullish. So I have allies on both sides of todays decisions. I'll ride.

TSP Talk AutoTracker

Maybe I should heed the heads up next time?

 

[Mapper]

Mapper, If your making an exit, make it Thursday and not before, seasonality this week are on your side MHO.

For sure, I got my eye on things. If the technical picture looks good I may just let it ride. I've been on this long trade for roughly 2 months, so a few more days aren't giving me too much grief...but it's hard to relinquish control sometimes.

 

[Bquat]

Well there's the failure of the head test. Now no big up movement.:worried: Looking for some support here.

 

[Bquat]

Had to go back to find a support line. Ok 5 to 6% drop from highest peak is enought of correction.:notrust: Let's go up.

 

[Bquat]

Purple line held. Retesting it now. We needto rise above this short term channel.:worried: Chart brought to you by: INeedaBiggerBucketHaveHoleinMyBoat.com

 

[Bquat]

Still doesn't look that good.:worried: I would prefer the blue green channel to hold instead of the rapidly declining orange channel. Matter of fact, I think we all would love a break out above 1370.A higher high above the bluegreen channel would be nice. The only thing that good that happened today is that 1350 was not the edge of a clift and we recovered it.

So analyze the chart and let me know what's up? There was a lower low and lower high today but we did recover above yesterday's low.

 

[FAB1]

If only I had sold May 1st.

 

[Bquat]

If only I had sold May 1st.

Same here. Well I see a little bull flag and with futures up we'll break out of the droppin channel. Now if we can also break out of the declining channel, too.

 

[Bquat]

Mission1 accomplished.

 

[Bquat]

A little bump to get above NewsFeeder. I'm goingout of pocket again for a little while. So I'll leave you with: The market needs to realize it's time to break out of the dark side and realize it's potencial.:notrust: Ok guys let me know if I'm getting too bullish here.

 

[Valkyrie]

A little bump to get above NewsFeeder. I'm goingout of pocket again for a little while. So I'll leave you with: The market needs to realize it's time to break out of the dark side and realize it's potencial.:notrust: Ok guys let me know if I'm getting too bullish here.

my band has been lifted, so I can post things certain moderators don't want to read again.

Right now, stocks are oversold in the short term. The S&P 500 will likely bounce back up and retest its former support line around 1,370. But it's still not time to aggressively buy stocks. The odds favor another move lower for the stock market somewhere around 1,290 and 1,310.

1370 and I will head to the "G"

Bquat always follow and look forward to your posts, thank you.

 

[Mcqlives]

my band has been lifted, so I can post things certain moderators don't want to read again.

Right now, stocks are oversold in the short term. The S&P 500 will likely bounce back up and retest its former support line around 1,370. But it's still not time to aggressively buy stocks. The odds favor another move lower for the stock market somewhere around 1,290 and 1,310.

1370 and I will head to the "G"

Bquat always follow and look forward to your posts, thank you.

Valkyrie,

I'm with you but am hoping that what Bquats charts are beginning to show lead to a breakout of the declining channel. I think we have to break 1376 for a bull run to take us back up to the 1400 range...but I don't see where that momentum would come from right now.
Hopefully I'll get an opportunity to buy back in around the 1302ish mark.
I have been way too busy to do enough research so I have taken this drop right in the ^)t$.