Bquat's Account Talk

[Bquat]

With the moving averages going up and a Bull flag still happening, I'm still a little bullish. Now I know I went against character staying in for the Fed anouncement but I'm still staying in because it still is bullish. I hope.

 

[Bquat]

Now the best thing the TSP board could do for us is make a 3PM EST deadline for us. The people handling out trades must have real computers for trading. Not like the goverment, right? It is so unfair that we can't take advantage of any of the afternoon market or even after the Fed announcement. The company handling our funds love to be able to trade our moving money for two hours and then make our moves.:suspicious:

If the TSP board is always looking out for us, why can't they set up automatic stops for us.At a 1% or 2% drop 1/2 of what you have in stocks go to G and at 3% all goes to G at 4PM EST. You would have the choice to enable them.

 

[Bquat]

Well I have to go for a while. The market will probably drift sideways for the next two hours while big money set their stops and twiddle their thumbs. Good luck. I try to be back for Fed announcement but I'm locked in.

 

[Bquat]

Initially investers didn't like Fed announcement or push button too early. Now the flag is 5 DMA supported. So what's the hold up? Higher low set. Let's go. Ok I'll calm down. There just digesting the no change decision.

 

[Birchtree]

I believe the Fed is waiting on the ECB which may blow the top off this market - exciting times.

 

[Bquat]

I believe the Fed is waiting on the ECB which may blow the top off this market - exciting times.

That's this week isn't it?

 

[Bquat]

Looks like another ho hum day. Big money waiting on Fed at 2 est maybe? Waiting for the news may be a bad thing. It means they're not trusting this move or the chance of no QE3 is possible. I still have some fath in this bull flag while others want a lower higher low set. Maybe 1375ish.

Ok 1375.25 tested three times with this candle and a test of my 5 day at 1373.13. I think 1375 was a good call on testing the top of the triangle as support. Now if investers would realize that.

The possible bad news is that if we break back down into the triangle this can become a false breakout of the triangle by being near the 3/4 point of the triangle. Just threw that in for bear fodder. I'm sorry but I keep trying to present both sides.

 

[Bquat]

Good morning guys. Sorry I slept in a little. Bad news is that we're on a clift and there's nothing we can do if we're in today. The good news is that we may be forming the right shoulder on an inverse H&S supported by my 20 day. So I will be staying in and I may be stupid but I'm already in for this loss.:embarrest: So I'm already stuck in the risk part and hope for the reward.:worried:

 

[Bquat]

Still have a chance. Look at the parallel blue lines. Boy I hate our deadline time.

 

[Bquat]

Not looking good. Looks like more of a test of the head and the 50 day.:worried: I did find a parallel channel but I didn't want to go to 1340.

 

[Bquat]

So is the inverse H&S set or do we do a repeat pattern and then set the inverse Head and Shoulders? You know if we get the larger IHS the gain later would be better but who would like another 1.5% loss for that? I don't know? Should I catch the falling knife or is the chance of gain better than the risk because I already suffered most of the loss.

 

[Bquat]

Ok here's some of the bearish side I'm trying to show. See the orange arrows showing the bounces off the lows before going lower? It can repeat going down to the bottom of the channel.:worried: The bullish part may only be because we closed above the 13 day line and futures will give us the clue. I hope the Plunge Protection Team helped us out.

 

[Bquat]

Here's the bullish side I want. Wouldn't you? Now to go watch post market videos to see if anyone agrees.:notrust:

 

[Bquat]

I got my wish. Now if we can test the top of the symetrical triangle and go for a new longer term high.

 

[Bquat]

Not acting like a double top. Ok Birch a little help here.

 

[Bquat]

Got to take this as a high base forming. So I be staying in.

 

[Birchtree]

Don't you enjoy a bull market - it's a great way to build wealth.

 

[Bquat]

Don't you enjoy a bull market - it's a great way to build wealth.

Yes I do. I need to take a look at the larger time frame more often. I almost missed the white channel.

 

[Bquat]

Birch I see you pushing. If others help you get above the white line shorts will cover. They will be skipping lunch today to adjust their stops.

 

[Bquat]

Look at the tracker. Sure is a lot locking their gains. I think the chance of going higher has improved today but I have been known as the contrary indicator. I think that is achanging.
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35/3 exited