Bquat's Account Talk

[Bquat]

While our retirement investments go down the bowl. :worried:

So much for preserving capital. I don't know how you can stand it, Bquat. You are already retired, aren't you?

Yes I am retired. I just remember all the 2008 loss I missed. Most of my losses were on the first part of the year when I was having family problems. Yea I should be in capital preservation but that held me down last year. I can only go up from here. Right? Remember the tracker used to have more than 1063 peoples in it. I'm not going down. They're droping out. No, sometimes you try to do something new and you get caught up in it. Bad timing this year. If you think about it you could be at 15% almost by being a buy and holder. The ability of the market turning on a dime with the super computers has got me. There that's enought excuses. Just a bad trader this year. Still have some good years left.

 

[Bquat]

So 1380 or have we gone down enought? You tell me.

 

[Bquat]

Here's my chart:

Here's theirs.

Market Analysis

:: The Stock Mentor ::

Broad Market

Alphatrends

 

[Bquat]

Guess their bearishness was noted.:worried: With futures like they are it looks like we'll get the target of the triple top failure (H&S). I hope for 1392 to hold, 1380 may hold, and the 200 day at 1375 may be our line in the sand. The way futures are down, I wonder if they know what the GDP will be.:suspicious: So hold on. We need so good news here.

 

[Bquat]

Now if we could do a touch and go and creat a large bottoming tail many would be happy.

 

[wavecoder]

technicals are pointing to a bounce, but i didn't want to hold through apple / amazon earnings. one of my system's strategies is to not hold through earnings (with individual stocks), and those 2 companies are big enough to shift the major market.

amazon and apple both bounced back after missing earnings after hours, but the index futures are not as optimistic. this is one of those 'eh, who knows?' scenarios.

 

[Bquat]

Good golly miss molly. The futures must have did a complete about face. The desending triangle worked. After seeing S&P futures down 11.50 last night who'd figure. Now we have to try to break the decending 5 day.

 

[Bquat]

What? ... oh yea what he said. I think markets may drift up some as investers leave early to their breach front properties. They need to stock up on supplies and board up their summer properties on the east coast. The GDP saved us from a 2% or more loss. If it didn't come in good we would have touched or broke the 200 day. There still is fear that the hurricane may cause major damage to the east coast and some refineries. We should be happy were at least moving sideways. So guys keep a heads up. It could still go bad.

 

[Bquat]

Now if Sandy finds colder water soon. That would be a good thing. The market may be watching Sandy. So can you:
Hurricane SANDY

 

[Bquat]

Ok. Tracker positive. Triple bottom so let's go.

TSP Talk AutoTracker

 

[Bquat]

Got to go senior bowl.

 

[uscfanhawaii]

Now if we could do a touch and go and creat a large bottoming tail many would be happy.

Except I need the market to stay at current levels (or below) till I get my new IFT wishes for Nov!! :nuts:

 

[Bquat]

Market holding in there.

 

[Bquat]

Old channel purple
Last channel bluegreen
Resistance red 1430
Trading channel white
Futures low Thursday night blue 1394.50
False breakout FB red
Desending triangle violet (short term bullish?)
Odds of retracing to 50 day fair.
Odds of getting back into old channel unlikely (strong support becomes strong resistance)
Chance of breaking overnight low possible.

Short term reward/risk 60/40 but will watch futures Sunday night.

Will I continue to do charts 60/40

 

[Bquat]

So there you go. Please weigh in good or bad. You can likey chart or post unlikey chart comment. This is a share your thoughts (about the market) frendly site. Provided by: Ican'tReadYourMind.com

 

[wavecoder]

i don't know what to think right now, that's why I've been watching from the side. will prolly enter some trade positions this week, but staying cautious. election years are supposedly extra bullish in november, but at the same time I don't like what I see on many charts for the bullish case. futures also haven't been a good predictor of how the upcoming days are going to be, I've seen them up big to lose big the day after.

 

[Cactus]

You're sounding a little negative there. Watch out, your starting to sound like me.

I had been figuring we are due for a bounce here through the end of the month. I would think we could set a new lower high near the upper descending blue-green line. Think I'm being too optimistic?

 

[uscfanhawaii]

I had been figuring we are due for a bounce here through the end of the month. I would think we could set a new lower high near the upper descending blue-green line. Think I'm being too optimistic?

I am in a buying mood, but have to be content with <1% IFTs til Nov. :blink:

 

[wavecoder]

You're sounding a little negative there. Watch out, your starting to sound like me.

I had been figuring we are due for a bounce here through the end of the month. I would think we could set a new lower high near the upper descending blue-green line. Think I'm being too optimistic?

well, when i see most major indexes in breakdown mode, with a intermediate downtrend, it's tough to really see anything I like on the charts except shorting opportunities. The market looks to still be in correction mode atm

 

[Bquat]

Thanks very much for the comments guys. I guess we'll sit and watch Sandy.