Bquat's Account Talk

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gronk007

If you click on my signature block, then click on the TSP Charts link, it will load up some charts for you. It's a matter of personnel preference, I happen to follow 30/60 minute, Daily, Weekly, & Monthly timeframes, within the confines of TSP the Daily charts do just fine.

Bquat said:
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.:rolleyes:
Click to expand...

We all tend to look for the views that support our core positions, if you draw that circle over the Transports & Wilshire 4500, will you come up with the same conclusion as you did with the S&P 500?

W4500
View attachment 21843
 
Seems like we are going through a consolidation period which is good before another pump up. Considering seasonality and all, it does not appear as if a significant pull-back will occur unless some fundamental event crops up before the end of the month. Granted the VIX is really low but RSI levels for equity funds are not at the extreme (i.e., overbought) level. I tend to think that there is still enough room to consolidate and push higher a bit before all hell breaks loose with fundamental concerns to be expected in the latter part of February and March timeframe.
 
Bquat said:
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.:confused: 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.
Click to expand...
Ok reiterating. If we break this level, I'll have to give up on my bearish (Dark) side and go with the force.:worried:
 
Double top level tested and held three times today and now maybe a selloff?:worried:
 
Sure isn't acting like a double top failed move. What's up?:confused: Is that you buying Birch? Something is trying to hold us up.
 
Bquat said:
Sure isn't acting like a double top failed move. What's up?:confused: Is that you buying Birch? Something is trying to hold us up.
Click to expand...
5 Day hasn't had much of an effect and now it acts as support? No big drop after the double top. Don't make me contrary to my contrary. This market may have more strength than I thought. So go with the force?
 
There are times when the market internals will lag and then all of a sudden - pop goes the weasel. I think the market is anticipating a stronger collar on the White House over spending and that will be very positive. The Republican House is going to show dominance on our debt problems and the market will respond. Get ready for 1500.
 
Sorry guys the force was too strong and hope I'm not wrong. So since I'm in, I go with repeating consolidation pattern. Oh well this is a weak case for a buy but the majority were getting in today even seeing the double top.:cheesy:
 
Infinity QE4 - don't fight it. We are soon to see a pole vault throw over to 14,000 - too much money at risk of being left behind especially if earnings look good.
 
Here you go. Broke above double top and above resistance. Just have resistance of an over shoot.
 
Wouldn't a stampede run to 1480 be real fun - we need something like that to pull in the reluctant safe money that earns nothing. I can wait for it.
 
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