Bquat's Account Talk

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Tsp is closed tomorrow...so will todays IFT still get processed and take effect friday?
 
Bquat said:
I think we're above the orange line.
Click to expand...

I do too...but some really bad news from overseas, not even directly financial oriented (Korea, Syria and the straights, Egypt)
could easily tip the direction to negative. I don't see anything that says we are going down but that is what makes me nervous that I am missing something. Usually there are things that are negative but you can weigh them against the positives. Right now the weight is way on the positive side but we haven't had the momentum to support the higher moves we should have been seeing. Is this simply from the Cyprus fallout? Maybe.

I don't know for sure where (or why) this ride is going at such a slow speed but am riding it till we break 1546 (that's still my line at this point) to the downside. Hopefully the trends continue and sideline money starts seeing the bulls we are seeing.
 
Anybody want a picture of Birch's rocket ship? 30/70 chance. Birchcharting may be hazzardious to your finances if you guess wrong.:notrust: The little Birch in me made me do it.:blink: The reward my be out there but can we handle the risk?
 
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I like these charts for Monday. I like how the green channel may become 20 day supported. Also I like the little spike above the short term peak line. I be a little bullish.:) And as always you can show the bearish side and speak about the possible risk. This is a group effort. So the charts for the guys on Monday are in.
 
You guys on Monday may need to review page 2 for the longer term charts. My thread is so popular.:rolleyes:
 
As silly as this may sound I would not be at all surprised to see a +20 or +30 SPX day come out of nowhere - all it takes is a little flame and panic buying will set the market on fire. We are in uncharted territory and you can't look over your shoulder for guidance - the cash is flowing and the competition is trying to get the best prices first. I'm just along for the ride.
 
bmneveu said:
What kind of technical damage are we looking at if we near 1550 today?
Click to expand...
!552 has been called the bullish line if we stay above it. If the white channel doesn't hold I expect the green channel to bounce. We should be also getting to the rising 20 day about there. Then support at 1538. I won't fallow this below the green channel but we look good so far.
 
We are still above the rising moving averages for those that are nervious. The 20 day if broken is my exit line. But I feel if we test it from above at some time it would be a bullish thing. We seem to be retesting the 5 day and it's holding so far. I have labled my moving avarages to show support areas for those that are worried.;) I myself would be less nervious when we get back above my green entry line so this isn't a bear flag.
 
Well I think we made it back into the short term channel. So since the 5 day held, I calling it the 5 day supported channel. Today was a bearish move but hasn't been confirmed and I also drew in a lower low line. Really going to test the buy the dip mentality tomorrow. I think were ok. So here's your chart.
 
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