Bquat's Account Talk

[Bquat]

Coiling, coiling and ready to accelerate - what will be the catalyst - another whopper move could be in the offering once this tension is released. Maybe a creep up over 1474 will do it. Then we may see another parabolic stampede with authority and volume. Be in to win.

I kind of was looking for it to go 180 from where it went. Anyway there was weakness at the close. And yes 1474 would do the trick. I was and maybe still expecting a pull back.:embarrest:

 

[Bquat]

Well I guess we'll see Monday. This is what I got.

 

[Bquat]

Here's why I want my dip. I'm bearish short term and bullish midterm. I want my right shoulder for the Inv. H&S. That's why I said both our charts are good. It's the time frame. I hope I get my wish. It would end up stronger that a 1% up.

Still waiting for a buy oppertunity.

 

[Bquat]

My secenario still has a chance. Market needs to turn soon. You guys that are in hope for the blue line to hold.

 

[Bquat]

Need some good news. The grey trading range just got violated.:worried:

 

[Birchtree]

The market may just be trying to lighten its load a little - a head fake to shake out the weak hands.

 

[Bquat]

The market may just be trying to lighten its load a little - a head fake to shake out the weak hands.

I know that. You see my little circle, right? I want a 2% correction.

 

[JTH]

Thus far prices have been equalizing with the indicators, if we produce a flat top, then I'd summarize we trade the direction of the trend, up

 

[Bquat]

Thus far prices have been equalizing with the indicators, if we produce a flat top, then I'd summarize we trade the direction of the trend, up

Give me 1% more and then up. Will you give me down to 1447 at least? You don't think this has a rounded top shape? The close was below support.

 

[JTH]

We've already bounced off 1451 that's just .30% from your Price Objective, you can't get much closer than that within the TSP realm. IMHO if we break out of the 2-day range to the downside than the probability of your 1447 retracement is much more likely. Up close we have completed 1 small bear flag and look to have formed another, with a PO of 1445. However, based on the recent mixed action, I think we stand a fair chance of putting in an upside reversal either Wednesday or Thursday, with a strong close on Friday. What I think the market will do and what it actually does, well that's a whole other story...

 

[Bquat]

JTH What do you think about the VIX going down today with the market going down also. It's down to 13.62 and isn't down below the 14 level a bounce point. When there's no fear in the market isn't that a place to look out?

 

[Bquat]

Clean chart for today. Possible double top at 1468 or yes a new high. Short term bearish as I am lately, I pick double top. Haven't got my correction to 1440 yet so I may be the contrary indicator. Also I,m worried about the VIX bouncing and confused why it went down with the market going the same direction. I need to type faster also.

 

[Bquat]

Got to go to Senior Bowl. I'll leave you with this.

 

[Birchtree]

From the Steve Miller Band - just keep on rockin me baby. The SPX might very easily close above 1470 on its' way to 1474 and beyond.

 

[Bquat]

Still staying in that 1% channel. 5 days now so let's have a big move already.

 

[JTH]

JTH What do you think about the VIX going down today with the market going down also. It's down to 13.62 and isn't down below the 14 level a bounce point. When there's no fear in the market isn't that a place to look out?

Bquat,

I treat the VIX as more of an indicator than a price chart. I monitor about 11 symbols, each over 5 timeframes, the VIX being one of them but also one of the least weighted when it comes to judging the direction of price. I don't apply technical analysis to it because I find whenever a big move happens in the VIX, it's already happened in the markets (meaning one doesn't tend to lead the other) so it's difficult for me to obtain tangible results from its use.

 

[Bquat]

Bquat,

I treat the VIX as more of an indicator than a price chart. I monitor about 11 symbols, each over 5 timeframes, the VIX being one of them but also one of the least weighted when it comes to judging the direction of price. I don't apply technical analysis to it because I find whenever a big move happens in the VIX, it's already happened in the markets (meaning one doesn't tend to lead the other) so it's difficult for me to obtain tangible results from its use.

Thanks for the explaination.

 

[gronk007]

Bquat,

I treat the VIX as more of an indicator than a price chart. I monitor about 11 symbols, each over 5 timeframes, the VIX being one of them but also one of the least weighted when it comes to judging the direction of price. I don't apply technical analysis to it because I find whenever a big move happens in the VIX, it's already happened in the markets (meaning one doesn't tend to lead the other) so it's difficult for me to obtain tangible results from its use.

JTH,
This little snippet was nice to stumble upon...I have just started to get serious about looking a few symbols and including the standard stuff like RSI, MACD, and the Slow STO...I have not looked at variable timeframes...would you please elaborate a little on the timeframes you look at and how they influence your decisions? I'm definitely in learning mode here...

Thanks.

 

[Bquat]

I don't know why I have a bearish outlook with most saying we're going for higher highs. I believe that we will go for higher highs but I want a higher low at 1440 first. I am showing a rounded top but couldn't find semi-circle. I know we went higher today but not high enought. Maybe I'm just preaching this drop because I'm not in, but as I say, even if you have a contrary opinion doesn't mean it's wrong. So go ahead and give yours and inform the peoples.Yes Birch even you.

 

[NiteFlyer]

I have seen some articles on why we are going to have a big bear market. They tend to hinge on USA's $16T deficit and the future value of the dollar.