Bquat's Account Talk

Sort by newest Sort by date
I may become a silent member.:( It is better to be silent than misleading when news can out trump you on any day.I'm glad I supply a good ( contrary) analysis as a free service.:embarrest: As bad as I feel today,:o I'll have to hand it to the ones that charge for a service and can handle the pressure and make the calls. I think the news has this win and maybe the entire battle. Ok only 1% loss, I'll calm down now. 20 day save me.
 
FireWeatherMet said:
Don't worry yet Bquat...I don't think we're going to see a major sell-off (famous last words- lol)

One reason is something you and some others have observed...a lot of our 1000-person TSP population is already in the G & F funds.
Our "TSPTalk population" is nationwide, diverse and likely represents the US investor allocation fairly closely.
Unless some catastrophic Euro crash, China crash, etc happens...we can't fall too much further...not enough sellers to go around...most of the weak knee'd ones have already sold or remain in G/F.

On the S&P500...we've been down 6 out of 7 days...and only down 1.7%...still keeping us well above "breakthrough levels" of the recent spring highs of 1419 for over a week.

I hate to say this...but I am on the Birchtree side of the fence here....that some selling is needed to shake out the weak and set up for the next run upwards.
So even though I gave my buddy Birch some guff on his account site, I remain invested similar to him...in I fund as well as some S.

We've got some large scale structural protection to the upside right now...recent Fed QE3 and ECB actions which, whether you support them or not, act as a backstop and help confidence in the medium term.

All that happened today is that one of the Fed Chairmen (one of the ten or so who voted against QE3) publicly said he didn't think it would work...and CAT said that their forecasted earnings would slow thru 2015.

Lets see if we get a decent bounce from here. ;)
Click to expand...
Well thanks forthe nice comment.:) Well you would think they would come to a concenses and not let single members countermand what they are trying to accomplish.:mad: Oh well I already have this loss and looking for a bounce of the 20 day.
 
To begin again. Tomorrow we begin our battle to recapture my 5 day moving average. Why? Because the market is at support and hopefully a double bottom. Plus if we don't start back up tomorrow we can get a significent loss. Also Big Bill doesn't want to eat this loss. So let's watch little tibbits of good news trickle in before the open and see a quick move up. I have minipulated the current channel by making a new parallel white line that crosses below the dip and makes it look like we're at the bottom working our way back up. The line looks like a good fit but may just be wishful thinking. The purple line is support.

No contrary comments wanted at this time.;)
 
sniper said:
asian markets just went up big boosting the futures, so that's a good sign if you're bullish
Click to expand...
Thanks. I want to be bullish. The market is not going up as fast as I thought. This low base has me concerned.:worried: Flat top have big drops and I'm hoping flat bottoms have big pops. The way the candles are moving, I think my 20 day may be off a little. I'm hoping it's where the purple line is but my luck it's the pink line and that looks more to be the case.:worried:
 
Me again. Thanks for the PMs. Ok as you can see were drifting up as the big boys go to lunch not worring about shorting some more. My 20 day now acting as support if you can believe that. If we hold during their lunch maybe so buying soon. Don't make me the contrarian or else! I'll rant.;)
You know when I rant it for you guys?:D
 
Off to bowl I go. Watch my thread Fred. OK Fireweathermet you watch it and I won't worry.:D
 
Bquat said:
Me again. Thanks for the PMs. Ok as you can see were drifting up as the big boys go to lunch not worring about shorting some more. My 20 day now acting as support if you can believe that. If we hold during their lunch maybe so buying soon. Don't make me the contrarian or else! I'll rant.;)
You know when I rant it for you guys?:D
Click to expand...
Got my wish. Buying after lunch.
 
Today's action was greeeat. A move up and a little bull pull back at the end. Not a sell off. As our battle to retake the 5 day continues.

Chart? yes? Ok I do chart.

1450ish may be tough.
 
Ok, heads up! The market is now reflecting the weak GDP revision and my need to find support. I make more blue lines just for you. 1441ish is resistance that may provide support but it is weak and not tested as support. 1437 has been tested and is also the 20 day but moving averages haven't been much resistance or support lately as you can see them violated as if not there. 1430 is stronger and is the last double bottom, if we violate that look out. I don't see extreem weakness and expect support to hold or Plunge Protection Team to get involved. But you all know how this market has been all about news. So let's have some good news. It also could also be reacting to Isreal's responce that their near the red line with Iran.:worried:

As always post comments for mine or other's bennifit.
 
Yes Birch, the market is holding to to 1% move it likes. Yes Birch, this is setting a higher low. Yes Birch, the bottom of the channel is holding. Yes Birch we do have a gap that needs filling. But birch the 20 day is now acting as resistance and I'm nervious.:worried: Am I talking to an empty chair?:D
 
You must log in or register to reply here.

Similar threads

RevShark
  • Article Article
RevShark's Traditional Thanksgiving Post 2024
Replies
2
Views
627
nasa1974
nasa1974
UNIX84
UNIX84 Account Talk
Replies
15
Views
3K
UNIX84
UNIX84
tsptalk
  • Article Article
When traders become buy and holders
Replies
1
Views
345
JTH
JTH
tsptalk
  • Article Article
TSP Talk - An inauspicious start to the New Year
Replies
1
Views
422
nasa1974
nasa1974
tsptalk
  • Article Article
TSP Talk - Where is the October volatility?
Replies
0
Views
328
tsptalk
tsptalk
Back
Top