Bquat's Account Talk

[Handballer]

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

I had forgoten about this play. Hope we get a chance to use it this week.

 

[Bquat]

Recapturing the 5 day is bullish but we need not to set a double top here. So this has me worried.:worried: We need to retest the 5 day as support.

 

[Mcqlives]

double top then a poor jobs # could be real bad.

 

[Bquat]

double top then a poor jobs # could be real bad.

50/50 chance with a declining 5 day and down at the close. I chose red. Well my saving my IFT's didn't quite work out with the hurricane. I was hoping to be in going into November but I chickened out with the mass damage. Sure the short term buying may help the market but adding billions to the debt for state aide can't help the deficit. Double top hit my weak spot. As always I could be wrong but the way my trading has been this year the news has always been against me. Your guess?

Buy Home Depot.

 

[Bquat]

50/50 chance with a declining 5 day and down at the close. I chose red. Well my saving my IFT's didn't quite work out with the hurricane. I was hoping to be in going into November but I chickened out with the mass damage. Sure the short term buying may help the market but adding billions to the debt for state aide can't help the deficit. Double top hit my weak spot. As always I could be wrong but the way my trading has been this year the news has always been against me. Your guess?

Buy Home Depot.

Ditto the contrarian.

 

[Bquat]

The move may be over but I'm the contrarian. Big resistance here and at the 50 day.:worried:

 

[Bquat]

I'll probably clean the chart up after this move completes. If we by some chance make the 50 it could be a bigger double top point.

 

[Bquat]

I'll probably clean the chart up after this move completes. If we by some chance make the 50 it could be a bigger double top point.

I must really be a contrarian indicator? I don't see the strength to break the 50 day or maybe some are expecting something. This chart is what I see and the tracker is showing the oppisite. So there's a 50/50 chance I'm right or wrong.
TSP Talk AutoTracker

 

[Birchtree]

Employment numbers tomorrow may push the SPX up another 20 points.

 

[Bquat]

Employment numbers tomorrow may push the SPX up another 20 points.

Yea there's a good chance they're over estimated again. They were contimplating to hold it back but it may be good news they want to deliver timely. It can always be revised one or two months later. Just pulling your string here. The market could sell the news with it showing QE's not needed. Contrary post done.

 

[Bquat]

Can't stay to watch, but good luck for those that are in. I hope you win.

 

[Bquat]

I'll probably clean the chart up after this move completes. If we by some chance make the 50 it could be a bigger double top point.

Can still use this. The 50 day can be a double top. Looking for a topping candle. Many disagree with me, so we'll see. If I'm wrong you can jump with glee.

 

[Bquat]

Can still use this. The 50 day can be a double top. Looking for a topping candle. Many disagree with me, so we'll see. If I'm wrong you can jump with glee.

Got my topping tail. Need to get above the 50 day soon or I'll be looking good.

 

[Bquat]

I see some fear.:worried:
Very long term bullish channel.
Long term bearish rising wedge
Midterm bearish Head and Shoulders
Short term bearish Double top at the 50 day.
The other day when I didn't believe the tracker, I think they got caught in a bull trap.

I see a lot of negative here but may show the other side if I see some in the post market videos.

You can and should post bullish charts here. I'm looking at 1380ish if we bounce of the bottom of the rising wedge. Has the September-October drop been shifted by QE3 to November-December??? I hope Santa Rally can turn this.

Now I bet everyone and my brother hope I'm a contrary indicator. You likey charts hit like. You no likey please post your thoughts. Your thought could be the right one.

 

[Cactus]

I wouldn't put too much stock in a Santa Clause Rally this year. I'm afraid the fear of the Fiscal Cliff is going to mess that up. :worried: I don't think it's going to be a simple drop in the market either. I think we are going to see a lot of volatility in December.

 

[Handballer]

I wouldn't put too much stock in a Santa Clause Rally this year. I'm afraid the fear of the Fiscal Cliff is going to mess that up. :worried: I don't think it's going to be a simple drop in the market either. I think we are going to see a lot of volatility in December.

But November is going to be OK. Right?

 

[Bquat]

So is this little support line the calm before the storm or is it the higher low? I think it may be a hesitation for an exit for those that are in.:worried: But I can be contrary if it would help you guys. Maybe the PPT will buy us up to 1437. I've seen wierd things happen.:notrust: Here, 1395, 1285, or 1260, where is the turn, you pick. 1285 could be a short term bounce. Ponder while I make it the coffee. As always thanks for the views guys and contrary comments welcomed also. be right back same channel same station. Pow, slap, pop.

 

[Bquat]

But November is going to be OK. Right?

Yes if whoever is president can kiss ass, make nice and get some bipartison saving grace hell Mary legislation to advoid the fiscal cliff. It's time for congress to come to the aide of the country November 7th.

 

[Bquat]

As you can see coffee is done.

 

[Cactus]

But November is going to be OK. Right?

Well, I'm banking on some kind of bounce. The market doesn't go straight down. That didn't help me in the Fall of 2008, but you catch my drift. I'm 100% S and expecting a bounce in Nov. Unfortunately the next few days are going to be overwelmingly news driven so I don't think you can chart Nov. very well until after the election and we address the next news events.