Bquat's Account Talk

[Birchtree]

The VIX has finally collapsed to 12.68 -0.38. We will exceed 1550 before noon time. Who knows where we go after that.

 

[Bquat]

The VIX has finally collapsed to 12.68 -0.38. We will exceed 1550 before noon time. Who knows where we go after that.

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:

 

[Bquat]

Went ahead and made the top of the old channel the new channel. So there you go.

 

[Mcqlives]

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:

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]

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.

yea like he said.

 

[Mcqlives]

I can't wait to see your re-draws with this afternoons activity!

 

[FAB1]

no reversal kumquat. maybe birch was right.

 

[Bquat]

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?

 

[Bquat]

no reversal kumquat. maybe birch was right.

Don't encourage him.

 

[Bquat]

Big Picture:

 

[Bquat]

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]

"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]

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:

 

[FAB1]

Went out framkly because what is just overhead scares the heck out of me.

this is the crux of the biscuit..!

 

[Bquat]

Now the post deadline pop. Doesn't look like much yet. I'm still out. Was at appointment this morning. I don't think I would of followed it anyway.:notrust:

 

[Birchtree]

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]

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:

 

[Bquat]

That's pretty good Birch you said it while I asked. Carnac?

 

[JTH]

What you think?

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.

 

[Bquat]

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.

Thanks, I was eye lid monitoring at my desk.