Bquat's Account Talk

[jonfresno]

Since McQ missed todays deadline by minutes, his IFT has tomorrows effective date and has until noon tomorrow to cancel. Too bad they can't use you longon time for the IFT when it's the site thats slow. He could call them and see if they'll change it because of site lag time. What are the odds of that?

Thanks, I see. Sure would be great if you could cancel an IFT (placed before noon) after the market closes on the date of the IFT request, but I guess that's asking a lot, eh?

 

[Bquat]

Even though I'm out, of course I give you a chart. This is the cleaner chart for today. Not much movement but it's still in a high base. My exit yesterday was mainly capital preservation at this level. It can still go up. I just been burnt before at top of channels expecting it to break above it. I just wanted to see it confirmed this time. So good luck guys.

 

[Mcqlives]

Thanks, I see. Sure would be great if you could cancel an IFT (placed before noon) after the market closes on the date of the IFT request, but I guess that's asking a lot, eh?

I would be happy to have that option (it would be a little like short trading) if these were true investment funds...instead they are manipulated growth funds with limiting rules (2 moves) that prevent us from maximizing potential gains. A lot of people on this site used to make money hand over fist before the 2 moves rule was enacted. I had a very long learning curve to adapt my strategies to the 2 moves a month but, I hope, am finally onto the right track again!

I am leaving my transfer to G in place...effective for COB today/EOB tomorrow. I'll take my profits off the table for now and see what I can get later in the month with my 2nd move. For those of you who stayed in, good luck!

 

[Bquat]

I am kind of suprized at the strenght of resistance at this perticular point. I really don't want to look back a few years to find out why. Let's just agree this is strong resistance. Something has to give soon but as you know it will happen after you have to make a choice.

 

[Bquat]

Remember how I said I wanted to get back to 666 on the tracker. Well I'm at 610. A real trading genius.

 

[Birchtree]

There is still 4 hours left for a break to 1550 - then tomorrow with a good jobs number we could see another 20 SPX points. Gotta save some for next week.

 

[JimmyJoe]

There is still 4 hours left for a break to 1550 - then tomorrow with a good jobs number we could see another 20 SPX points. Gotta save some for next week.

What did Bill Cosby say so many years ago..."I don't know what the path to success is. I do know that the way to failure is listening to too many people." So Birch, you are a proven winner. I understand how staying in makes money over the long haul, especially in a bull market. How do you stay in when some around are screaming to get out? I know, go back to plan A. Listen to only proven a winner.:toung:

 

[Bquat]

There is still 4 hours left for a break to 1550 - then tomorrow with a good jobs number we could see another 20 SPX points. Gotta save some for next week.

Yes you do. I took a look at what people are doing today and it looks like some believe the report will be good. I didn't look until just now and would of given a heads up if I saw it earlier.:embarrest: But then again you don't know what will happen. I am slightly bullish with this high base but in no risk mode. My one remaining IFT is golden to me. I'm trying to do the three IFT thingy this month with the G option left with a buy in if there's a dip. As I said this and next month are bad memory month's. I am still calibrating my spidey sense and the excontrarian mode. Little bullish tibits from you are welcomed.

 

[FAB1]

There is still 4 hours left for a break to 1550 - then tomorrow with a good jobs number we could see another 20 SPX points. Gotta save some for next weekly.

Birch-juice for evahbody, its on the house!! YeeeHaw! (to the sound of six-guns going off and breaking glass)

 

[Birchtree]

"Based on history, with interest rates this low, stocks have room to climb nearly 100% from today's levels. Low interest rates and low inflation are like rocket fuel for the stock market."

http://www.marketoracle.co.uk/Article39340.html

 

[Bquat]

Jobs report coin toss. We're at a double top and flat tops can cause big drops. We are also in a small asending triangle and can pop up. So good report maybe new high. Bad report good size drop. Even with a neutral report the market can react badly. Ok some critical levels. 1547 pop up and below 1538 pop down. So there you go. You got it from here first. Jobs report right at a critical point. Break 1545 and weekly goes bearish.

 

[Bquat]

Chart for tomorrow.

 

[Mcqlives]

Jobs report coin toss. We're at a double top and flat tops can cause big drops. We are also in a small asending triangle and can pop up. So good report maybe new high. Bad report good size drop. Even with a neutral report the market can react badly. Ok some critical levels. 1547 pop up and below 1538 pop down. So there you go. You got it from here first. Jobs report right at a critical point. Break 1545 and weekly goes bearish.

We got my 1545 for the week today. That was my target, we hit it, and I left my ift in place so was out as of cob. I hope BT is right but I am going no risk as well!

 

[Bquat]

We got my 1545 for the week today. That was my target, we hit it, and I left my ift in place so was out as of cob. I hope BT is right but I am going no risk as well!

I'm sorry I ment 1525 weekly goes bearish.:worried: Welcome to the sidelines or lilly pad.

 

[JTH]

You should be happy, that 1545-47 inverted H&S/Ascending Triangle executed flawlessly, it's not often you see two price patterns converge at the same time.

 

[Handballer]

I would do the same but I only have 3% gain.

 

[FAB1]

futures portend another gravity-defying open. but what about the close?

been drinking the BJ last coupla days myself thinking its time to get on the wagon. ha!

 

[Mcqlives]

You should be happy, that 1545-47 inverted H&S/Ascending Triangle executed flawlessly, it's not often you see two price patterns converge at the same time.

I am happy...risk reward is skewed right now so I'll look for something better before I get back in.

 

[Bquat]

Thanks guys for visiting. You always welcomed. One thing about the G fund is you can sleep in a little.
But I do have others to consider and may even want a chart. Look like a topping tail failed move but the reaction to it is so small I wouldn't worry about it. Matter of fact I probably change the line to blue. So little movement an no sense of direction.

 

[Bquat]

Now for the little concern for you guys that are in. Consolidation in price over time is a good thing but too much is bad. We need an up move soon before people decide that we're too week for a breakout. With that little spike in can still show weakness. It is starting to look like the top of the white channel is leaving us behind. Just hope we don't consolidate pass the bottom of the white channel. I am leaving the line red because we should have moved by now. Remember I said neutral is also bad. Flat tops can cause big drops.:worried: So eyes open a move should happen soon.