-
The Forum works well on MOBILE devices without an app: Just go to: https://forum.tsptalk.com
-
Please read our AutoTracker policy on the IFT deadline and remaining active. Thanks!
-
$ - Premium Service Content (Info) | AutoTracker Monthly Winners | Is Gmail et al, Blocking Our emails?
Find us on: Facebook & X | Posting Copyrighted Material
-
Join the TSP Talk AutoTracker: How to Get Started | Login | Main AutoTracker Page
-
The Forum works well on MOBILE devices without an app: Just go to: https://forum.tsptalk.com ...
Or you can now use TapaTalk again!
Bquat's Account Talk
- Thread starter Bquat
- Start date
Bquat
TSP Talk Royalty
- Reaction score
- 611
I don't know myself Birch but this looks like a slow low volume drift up. It's direction is only parallel to the old channel. Not anything like your lit rocket scenario.
Need another charter to step in here.:notrust:
Mcqlives
Market Veteran
- Reaction score
- 24
I don't know myself Birch but this looks like a slow low volume drift up. It's direction is only parallel to the old channel. Not anything like your lit rocket scenario.
I agree...I kept looking for a stampede as confirmation and never got it. This meandering is great at times for consolidation but there should have been a move by now. Just my opinion of course what is not happening is more important than what is happening right now. This was enough to scare me into G to secure some profit for the time being.
The good news is that this day is trading somewhat similar to Wednesday...except in a shorter time frame. We should actualy see a direction to guess by sometime thie afternoon well before close.
Bquat
TSP Talk Royalty
- Reaction score
- 611
yea like he said.
Bquat
TSP Talk Royalty
- Reaction score
- 611
Ok, the redraw just has another red circle. Today another intraday double top. So another level to worry about. But what has happened on the last 4 double tops? Dip in the morning which is bought up. Well the top of the old channel is now tested as support. This should be bullish but with a dip from the double top and the selloff end of day we could lose this new level. So me I'm just under neutral and what is neutral right now? Bad:worried: Again like yesterday we should of, could of, would of. We should have gunned it at the open when we had a chance. I think volume is dropping causing drifts up. The train that said it could hasn't.:worried: I could be wrong so post here:
Birch, if the VIX is so good why aren't we Birchcharting here?
Birch, if the VIX is so good why aren't we Birchcharting here?
Bquat
TSP Talk Royalty
- Reaction score
- 611
Don't encourage him.
Bquat
TSP Talk Royalty
- Reaction score
- 611
A lot of you are wandering why if we had a good job report didn't pop us up? Well it muted itself out by lowering unemployment the fear of QE unlimited may be stopped by the Fed worring about inflasion increasing. Just the heads up. By the way we're watching 1540 as a support needing to hold and 1525 where we lose weekly support. Still not over 1% above my exit yet, so I'm still an excontrary indicator.
Birchtree
TSP Talk Royalty
- Reaction score
- 143
"Consumer confidence has recovered from the depths of the recession, but remains well below levels seen at the Dow's previous peak. The Conference Board, a private research group, said its confidence index was at 69.6 in February. That is up from 26.9 in March 2009, but well below the 95.2 reading in October 2007." So we got plenty of room for happy feet to arrive and catch the Grand Trunk to the next station. Stay tuned as we ramp higher with so much parabolic acceleration heads are going to spin like tops. Even the permabull cheering section has been quiet - just the way bulls like it.
Bquat
TSP Talk Royalty
- Reaction score
- 611
Expecting a lower open today diping a little for the double top which should be bought. Just the heads up. I'm watching 1540 as a support needing to hold and 1525 where we lose weekly support. If we correct maybe a bouce at 1503 and I may reenter at 1525 after that.:worried:
Birchtree
TSP Talk Royalty
- Reaction score
- 143
I cannot possibly imagine how unfair it is for this market to be trending northward - there I said it for you. It is that combination of higher earnings and a rising price to earnings ratio that always characterizes the best years in the market. This market sees something in the future that we don't see as of yet.
Bquat
TSP Talk Royalty
- Reaction score
- 611
Many are saying we should break upwards soon. I'm thinking we're in an F flag and ready to forget it. Possible dip comming. Sometimes they're pretty big after a failed move. I may be wrong but may be glad I'm not long. I'm 60/40 bearish because of the lenght of time with no pop. What you think? Not Birch, I know what you'll say.
Ol all right, say it. Me 60/40 bearish so you have a chance.:blink:
Ol all right, say it. Me 60/40 bearish so you have a chance.:blink:
JTH
TSP Legend
- Reaction score
- 1,005
Markets look to be on track with expectations, usually after a strong Friday, we'll get a flat to down Monday, I expect to see some movement starting Tuesday.
