Bquat's Account Talk

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well today bounced like a dead cat going through calm air.

I am 100% S... thinking about taking it all off the table. Of course those like Birch will accuratly point out that I could miss the resurgance, BUT if we keep dropping for a while I wont be subject to that. It would consime the last IFT of the month though. Decisions decisions....... to be made before the deadline today.
 
maverick06 said:
well today bounced like a dead cat going through calm air.

I am 100% S... thinking about taking it all off the table. Of course those like Birch will accuratly point out that I could miss the resurgance, BUT if we keep dropping for a while I wont be subject to that. It would consime the last IFT of the month though. Decisions decisions....... to be made before the deadline today.
Click to expand...
I don't know if it's a dead cat bounce because we didn't go back up right away and didn't bear flag. I be thinking it's a double bottom with a tweezer bottom also. I'm also looking at maybe using my last IFT but I'm hesitant. Hope we get above my sell line or at least near it. I'm glad at least we have a little more than an hour to watch.:confused: Hold here another 1/2 hour and maybe more buying.
I'm 100S also.
 
maverick06 said:
well today bounced like a dead cat going through calm air.

I am 100% S... thinking about taking it all off the table. Of course those like Birch will accuratly point out that I could miss the resurgance, BUT if we keep dropping for a while I wont be subject to that. It would consime the last IFT of the month though. Decisions decisions....... to be made before the deadline today.
Click to expand...
It's looking more and more like you're right.:worried:
Toss the coin.
 
I think I will get out. more risk than reward in the next few days... at least thats my guess... I dont know. I dont have a clue. maybe 50/50? I was planning on taking about that much out before the sequester....
 
maverick06 said:
I think I will get out. more risk than reward in the next few days... at least thats my guess... I dont know. I dont have a clue. maybe 50/50? I was planning on taking about that much out before the sequester....
Click to expand...
Maybe 50/50 because I stayed in and sometimes I'm a contrary indicator. I'm looking for a pop shortly but you know how the deadline works. You could be our wingman too. Creat a squadron. No bomb diving though. Think about your risk level.
 
I have a long time until retirement. I can take the risk.

I rode it for the ride down, lets keep this show going. I am staying in... at least for the next 24 hours. How much farther could it fall anyways?
 
Well another rought day. We need to start getting a robust buy the dip or else. I did see the bull flag but even that was sold after some retracement. At least there was a little buy back end of day. I am very close to selling but hoping for more dip buying. I don't have any TA right now as to direction because I'm not sure this is a dead cat bounce or buy the dip. We need another day to confirm the move back up.:confused:A move back above the pink line would be nice.
 
Good morning guys. I have changed my channel to yellow because I truely want to go Birchy here. 50% of traders that have stayed on the sidelines were looking for a dip to get in. Today with the confirmed move up they should do that. If they do, oh well I should say when they do, shorts will have to cover at the pink line where they shorted the market. Sure everyone is worried about QE3 unlimited ending but that was put out to cool things down. Inflation will increase as the ecconomy turns but with inflation interest rates should go up also and enable more lending. Housing starts may be down with midwest to eastern storms. These same storms are laying snow and rain in drought stricken areas. This can have a big effect on the farming and ranching industries. When the weather gets better and Governor Christy gets the NJ fiasco straightened out there will be a resurgance of the housing boom. Now this is a Birchy outlook on a Secular Bull market and can be real risk to your financial holdings. So be aware of the risk in Birch trading.

Ok, that said. I'm still in and think we'll reenter the channel and resume the uptrend. And who am I? I am the guy 1% from being a contrary indicator and that's my one cent. Somebody lend me a penny and it can be our two cents. Right wingmen.:)
 
Here we go guys fighting the 20 day. Cross fingers. Break it and shorts will worry than pop.:)
 
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