Bquat's Account Talk

[Bquat]

According to Des if we make a line over the tops of a longer term chart and copy it for the bottom, we're still in a bullish market and should go up soon. I tried this from Dec to now and he seems to be right. So up tomorrow would be great.

Here's his link and my chart. Broad Market

And what else is up? Stock Futures of Major World Indexes - Bloomberg

 

[jkenjohnson]

According to Des if we make a line over the tops of a longer term chart and copy it for the bottom, we're still in a bullish market and should go up soon. I tried this from Dec to now and he seems to be right. So up tomorrow would be great.

Here's his link and my chart. Broad Market

And what else is up? Stock Futures of Major World Indexes - Bloomberg

I think Birchtree is rubbing off on you.

 

[Bquat]

I think Birchtree is rubbing off on you.

Probably

 

[Bquat]

Todays chart is brought to you by: WeGoinnaFightFromHere..com :notrust:

Back to a simple pretty clean chart with minimal support below us and a couple of resistance above. We need to fight for 1.25% to recapture my 5 day and then work on 1368. 1368 is a triple top and may be hard to beat. Well there we go.

 

[Bquat]

Sideways movement is ok. Let the 5 day come to us. Just had to do it. I drew a channel and we can break the 5 day going to the top.

 

[Bquat]

We didn't go to the bottom of my current channel. I'll give it another day. Staying in.:suspicious: I think something good may happen. I am the contrarian indicator.
Ok, Spidey talk to me.

 

[Bquat]

We didn't go to the bottom of my current channel. I'll give it another day. Staying in.:suspicious: I think something good may happen. I am the contrarian indicator.
Ok, Spidey talk to me.

Really suprized with the dip yesterday but bad news won out. So with no more bad bank news and since we overshot the bottom of the current channel, I'm ready for the bounce to begin. Would be nice if the Fed would start QE3 since the ecconomy is showing more weakness. Haven't capituated yet but I am close. So without a show of strength today, I may exit. :worried:

 

[ILoveTDs]

So without a show of strength today, I may exit. :worried:

Come to the dark side:laugh:

 

[Bquat]

Come to the dark side:laugh:

Not yet. 1340 was just recaptured. Now less see that big jump.

 

[jkenjohnson]

Really suprized with the dip yesterday but bad news won out. So with no more bad bank news and since we overshot the bottom of the current channel, I'm ready for the bounce to begin. Would be nice if the Fed would start QE3 since the ecconomy is showing more weakness. Haven't capituated yet but I am close. So without a show of strength today, I may exit. :worried:

Seen enough strength yet?

 

[Mcqlives]

Not yet. 1340 was just recaptured. Now less see that big jump.

1370 will be hard to crack...and that is only about a 3% jump from here. Downside could go another 10% or more. Which way are you going to throw the ball?

 

[WhoDey]

1370 will be hard to crack...and that is only about a 3% jump from here. Downside could go another 10% or more. Which way are you going to throw the ball?

Do you think we'll see a short-term bounce on Friday inspired by the Facebook IPO? I'm currently 100% F, but am thinking of making a quick, small play in the S fund. The IPO has been so hyped, however, I'm afraid that it won't be able to live up to expectations.

 

[RealMoneyIssues]

Not yet. 1340 was just recaptured. Now less see that big jump.

Gone now...

Seen enough strength yet?

Nope

1370 will be hard to crack...and that is only about a 3% jump from here. Downside could go another 10% or more. Which way are you going to throw the ball?

Exactly, which is probably why I am going short this afternoon. I just cannot see us getting past 1345 with any conviction and GREECE is rearing it dang ugly head again...

 

[Mcqlives]

Not sure...it could be priced in or it could be the boost to drive us to 1370. Being priced in could explain today...the market is just waiting for some sucker buyers to come in before the big money starts selling after the IPO hits...or it could be sideways action to build a base in anticipation of the IPO...who knows?

 

[Bquat]

Just got back going to try to exit.

 

[Bquat]

Just got back going to try to exit.

Made it in 1.2 minutes. Sorry guys I was out of pocket. Went 100F.

 

[Mcqlives]

Made it in 1.2 minutes. Sorry guys I was out of pocket. Went 100F.

50c 50s for me. Looking for a short bounce. Will be out COB friday, regardless.

 

[Bquat]

Recapturing 1340, I thought it would go and it failed again. The channel held after I made the decision. Go figure. I need a break and watch me be the contrary indicator and you guys still in get the gain I didn't wait for. Too much risk right now. Begin again soon, just got too much stuff going on even if it's good stuff. Chart by: ScaredSpidey.com Ok little bounce for my exit.

 

[WhoDey]

50c 50s for me. Looking for a short bounce. Will be out COB friday, regardless.

I decided to stay 100F ... at least for today. We'll see what tomorrow brings. Good luck.

 

[Mcqlives]

I decided to stay 100F ... at least for today. We'll see what tomorrow brings. Good luck.

Thanks! I need it. My past 12 month performance is almost flat. Another bad day or 2 and I'll be negative! At least my calender year isn't too bad...