Bquat
TSP Talk Royalty
- Reaction score
- 432
This isn't running with the bulls. This is a complete buy the news about the tax part is settled. Our house is still out of order. Debt hasn't been dealt with yet.
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Or you can now use TapaTalk again!Bquat's Account Talk
- Thread starter Bquat
- Start date
Bquat
TSP Talk Royalty
- Reaction score
- 432
Wow I'm honoreed for the visit. Thanks. Yea I think we're up too much too fast to go to the next level. This is more buy the news and the following. Now if 1448 holds, I don't know and as you know right after the deadline it will confirm direction.
BigJohn
TSP Strategist
- Reaction score
- 9
Wow I'm honoreed for the visit. Thanks. Yea I think we're up too much too fast to go to the next level. This is more buy the news and the following. Now if 1448 holds, I don't know and as you know right after the deadline it will confirm direction.
Isn't that the darn truth? Those 12:15 p.m. EST moves have kicked my ass over the years!
I may rarely comment, but I visit often...thank you for all the information you provide.
Bquat
TSP Talk Royalty
- Reaction score
- 432
Here's where I'm comming from. Our credit rating is on how we can handle our debt. We have just cut the income from what the taxes were going to and delayed the sequester two months which were the only two things showing that we're dealing with debt. Now S&P sees that we're not dealing with debt and there's an 70% chance we'll get rerated before we deal with it. Short term is good for the middle class and long term outlook is that down rating is comming. No sequester will bring down rating. Now I have to decide short term???
Bquat
TSP Talk Royalty
- Reaction score
- 432
Ok, ok, I can't jump. If you take what I missed going down and what I missed going up the last two days, I can live with missing this move. We have just about 1% more until big long term resistance. I don't want to waist an IFT yet with the amount of profit left compaired to the chance of a drop in a couplr of days. Good luck guys don't get too piggish. Never know this could be a bad choice but no move today.:suspicious:
Bquat
TSP Talk Royalty
- Reaction score
- 432
I got that as a peak and we're already at 1456 today. I do't know but the peek may be too near to waste an IFT chasing what 1.5% from here?
Bquat
TSP Talk Royalty
- Reaction score
- 432
12:15
MaStA
Analyst
- Reaction score
- 8
I may be on the bottom of the tracker tomorrow but it won't be a negative number.
Nah, you'll be right in the middle while the F funders are down there.
Bquat
TSP Talk Royalty
- Reaction score
- 432
Thanks, I saw myself drop 25-30 as new people joined. You think we'll get above 1050 in the tracker again?Nah, you'll be right in the middle while the F funders are down there.
MaStA
Analyst
- Reaction score
- 8
Maybe...just depends on how many people Tom clears out that are inactive.
JTH
TSP Legend
- Reaction score
- 802
That last hourly candlestick was a bold statement, but it's difficult to overlook the odds. I could argue that statistically speaking, this is the 2nd strongest upside move we've seen over the past 20 years, such days like these usually mark a top. I myself am willing to hang on a few more days, but the real problem is that markets can go down much faster than they go up...
Bquat
TSP Talk Royalty
- Reaction score
- 432
Confirmation line still holding. What is this line from? I brought it over from a longer time frame where a longer term area of resistance has become support. News has got us here but the support right here may keep us here. Moving sideways and keeping a high base may be the best thing for this market. If it breaks, it can cause computer programs to sell because this is a major stop set point or maybe 1450ish. 1468 is a longer term high from the last two peaks. I be watching. You? Comments welcomed.
Mcqlives
Market Veteran
- Reaction score
- 24
Confirmation line still holding. What is this line from? I brought it over from a longer time frame where a longer term area of resistance has become support. News has got us here but the support right here may keep us here. Moving sideways and keeping a high base may be the best thing for this market. If it breaks, it can cause computer programs to sell because this is a major stop set point or maybe 1450ish. 1468 is a longer term high from the last two peaks. I be watching. You? Comments welcomed.
Agreed...what I was getting at yesterday is that the market fundamentals continue to improve with the forces driving market movement appear to be news driven. The market, through capitalism, can adapt to just about anything as long as there is a steady rule to follow. Even the new rules, as much as I think they suck. The higher base would be confirmation of this. Hopefully we can continue higher but one bit of bad news could be enough for a sell off.
Bquat
TSP Talk Royalty
- Reaction score
- 432
I just need a 7 point move right now.Similar threads
