Bquat's Account Talk

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Well, now we have to decide if we're building a high base or this is another Bull trap and we're rolling over for the right shoulder. Me I hope rolling over but being contrarian I could let it be a hi base for you guys.:notrust: Is this a head test?
 
Bquat said:
Well, now we have to decide if we're building a high base or this is another Bull trap and we're rolling over for the right shoulder. Me I hope rolling over but being contrarian I could let it be a hi base for you guys.:notrust: Is this a head test?
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Most likely but I am discounting any news driven market movers involving EU issues. The news out of the EU is what made it impossible for me to predict last spring so I am intentionally ignoring it and looking at US indicators. This may end up hurting me but I have to try something different.
 
Mcqlives said:
Most likely but I am discounting any news driven market movers involving EU issues. The news out of the EU is what made it impossible for me to predict last spring so I am intentionally ignoring it and looking at US indicators. This may end up hurting me but I have to try something different.
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I know what you mean.:( Last year I tried to be more agressive and got out of Capital Preservation and didn't fare too well. Any way I still hoping this shoulder will form. This spike may have pulled a few in likr the last one. So now that I said this let's watch it turn.;)
 
Can it be? Can the market be showing it's move before the deadline? This is new. Hope we can trust it. I would love this shoulder to form. Now see if I jinxed myself.:worried:
 
Bquat said:
Can it be? Can the market be showing it's move before the deadline? This is new. Hope we can trust it. I would love this shoulder to form. Now see if I jinxed myself.:worried:
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Nope...it is still meandering...it may be trying to trick you!
 
I guess I'm still not getting into this madness. Increased volitility, big swings and now a possible double top. Back when we could trade once a day we could beat this. I don't know but I myself have a fear of these swings.Still I'm looking for a big drop which doesn't want to happen. Even some straight across consolidation may be good. I pick down and for you it may mean up.:notrust:
 
Here's my paranoid feeling. "I feel that the Plung Protection Team has bought twice to keep us from going lower." They bought 5 points and then 3 points in the S&P just to keep us from going to the bottom of the channel or lower. As you can see the 5 day hasn't had the bounce effect for a while. Well, will it work? They know what a double top usually means. Yo some body's going to take your tax dollars and run with it. Just me thinking this?:( So let's just lay back and see if it turns the market.:notrust: The first blue line is where they're trying to keep it. The contrarian;)
 
Still here bouncing up of of this falsly supported line. At least we're coiling up for a bigger move.:worried: Yes the Contrarian is back from bowling.;)
 
With Nemo snow storm coming to the East - traders will show traction during the last hour today because they may not make it to work early next week.
 
Birchtree said:
With Nemo snow storm coming to the East - traders will show traction during the last hour today because they may not make it to work early next week.
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Wouldn't that have the oppisite effect? Them getting out for a possible extended weekend. You glass half full. Me glass half empty.
 
I don't know who's buying the market up at the PPT line but they accomplished their mission and kept us positive.
 
Warning, Warning, Birchchart: If we go up to the top of the channel tomorrow I may become Birchy. The act of being totally bullish. Even though I think we're being falsly supported price may be the key. So eyes open. Flip the coin. Ok weigh in.:)
 
Nice ramp-up into the close, indicative that investors are willing to hold going into tomorrow's open.
 
Bquat said:
Warning, Warning, Birchchart: If we go up to the top of the channel tomorrow I may become Birchy. The act of being totally bullish. Even though I think we're being falsly supported price may be the key. So eyes open. Flip the coin. Ok weigh in.:)
Click to expand...
Looks like we're still coiling for a move and may retest the PPT line for more cash flow into the market. Somebody wants this market to go bullish. So 1506 or 1516 is our 10 point decision range. If we breakout to the down side, I draw what I think is a topping pattern.:worried:
 
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