Bquat's Account Talk

[Bquat]

Coiled for move. Yea after the deadline.

 

[Mcqlives]

Looking at the majority moving to G and F today makes me feel they believe the sequester in not already priced in. Well I'm hoping the oppisite and I continue up. I was 999 on the tracker and maybe a lot lower the day before. I'm now 776 and hope on my way back to 666. Ex-contrary Indicator is hoping to be contrary to the up side. So the deadline has passed, the high base is continuing sideways and the sequester is 99% sure to happen. Prabably nobody agrees with me and I'm ok with that.:notrust:

I agree...but I'm sure we are in the minority. Time for new records once the dumb money realizes the sequestration isn't the end of the financial world!

 

[FAB1]

What now Bquat? Are you still digesting the frantic scene at the close -- dont give up now I need your latest chart!

Looks like some typical short selling but what do I know Im just at 191 on the tracker.

 

[nnuut]

What now Bquat? Are you still digesting the frantic scene at the close -- dont give up now I need your latest chart!

Looks like some typical short selling but what do I know Im just at 191 on the tracker.

Yer doing good I'm a hell of a lot lower than you!

 

[Bquat]

What now Bquat? Are you still digesting the frantic scene at the close -- dont give up now I need your latest chart!

Looks like some typical short selling but what do I know Im just at 191 on the tracker.

Well, first hello it has been a while. Ok here's the skinny. I did it and I'm in with two IFT's to work with.

Now what did that get me? Which would you prefer? The coin toss or both sides, bulls or bears? Since it's you and you asked nicely, I'm a gonna give you both. You betcha by golly.

The coin toss is we can go up because we're on support or we can go down because of a double top. 50/50 chance.

Bearish: We failed at a higher high and showed weakness into the close. Excellent double top scenario and good pressure to take profit in the face of sequester::worried:

Bullish: Yes we had another double top but I have showed you how the last two or three double tops had short down movement and bought up without large dip like normally happens. Also we are above a rising 5 day and above the 13, and 20 day moving averages. We are on the 13 day and support. Todays down was less that 1/2 of a percent and could be just a little bullish pull back. Also the monthly is above resistance.

Me I'm just 55/45 bullish mainly because I'm in. I have been the contrarian but feel the sequester is in any anything comming out in the news may be positive. And if we break 1514.50 we have an Inverted H&S just 1% away and 1500 may be good resistance.

Ok there you have it and remember Technical Analysis has been killed by super computers but I still try to us it. By the way it really makes me feel good when someone askes me for my two cents. Opps where's that other penny? As always if you disagree please post because it may help others.:blink:

 

[FAB1]

Thanks Bquat!

I still have skin in the game also and want to start March in stocks and wield
my two oh-so-generously-bequeathed-by-TSP-Gods IFTs - but I was not comfortable
staying in 100%

So, we could go UP or we could go DOWN - this may all hinge on how feisty the Greeks
are feeling tonight...*sigh*

 

[Bquat]

Let's take today's action as good. Think of a motar shell. You drop it in the chamber and it propells itself upward in a high arc. So that's what I'm thinking. You? Tweezer bottom?

 

[Bquat]

If good news were to come out this inverse H&S has the potencial of 1560. Now we just have to wait for the post sequester deal.:notrust:

 

[Bquat]

That was a Birchchart. So what are the odds? will TA work.

 

[Bquat]

1514 being tested as resistance rebecoming support. Wish this market would realize the double top is voided and this is a higher low. I am trying to be contrarian to the neisayers.

 

[Mcqlives]

Bounce at 1508 just after deadline is my forecast...at least I hope that is where it bounces.

 

[Bquat]

Bounce at 1508 just after deadline is my forecast...at least I hope that is where it bounces.

Another true believer of wishful thinking. I'm thinking that too looking at the raising 5 day.

 

[Bquat]

I'm staying in but the spike in AGG is making me nervious.:worried: You McQ?

 

[Bquat]

Bounce at 1508 just after deadline is my forecast...at least I hope that is where it bounces.

Now the post deadline move.

 

[Bquat]

I'm staying in but the spike in AGG is making me nervious.:worried: You McQ?

AGG just doubled topped post deadline of course.

 

[Mcqlives]

AGG just doubled topped post deadline of course.

Naw...at least I hope AGG isn't a concern. I expected it to double test the top and hoping it is proof of the higher low. JTH thinks we'll give some back on Monday but I think that could be the start of a run to new highs!

 

[Bquat]

Naw...at least I hope AGG isn't a concern. I expected it to double test the top and hoping it is proof of the higher low. JTH thinks we'll give some back on Monday but I think that could be the start of a run to new highs!

Well, I hope we can tie him this month.

 

[Mcqlives]

Well, I hope we can tie him this month.

That would be nice...he nailed this last dip.

 

[Mcqlives]

Hey Bquat! Chart the intra-day (today) SPX using the low bounces and compare it to the 20dma...do you see the symmetry? I know the short time frame negates the idea of an actual trend...but it sure is pretty!

 

[Bquat]

Using the higher low for the bottom of the channel, this is what I come up with. No sequester sell off and now maybe a bullish channel. Monday we find out if the inverted head and shoulder works for us. Dip is bought again and early. What say you neisayers? I'm a little bullish.