Bquat's Account Talk

[RealMoneyIssues]

This market will not exceed 1600 b/c negative news will cause a dip and then the correction.

Whats worse is the topic Tom brought up the debt/cash cycles with a deep dive possibly looming in the near future

I think it is the opposite, they are going to take the SPX above 1600, which will cause the folks on the side lines to capitulate (like I am about to tomorrow) and get into the market...




THEN, they will take it down

Re-distribution of wealth at it's finest...

 

[Bquat]

If we don't double top this afternoon, I have 1599 as a projected top. Now you guys had me use my other cent up. Now I'm gonna need another two cents.

 

[Bquat]

Ok you guys figure it out. I got to go senior bowl.

 

[Mcqlives]

If I knew the When I could Rule The World!!!! cue evil laugh.

you don't have a friend named Pinky, do you Mr. Brain?

 

[Mcqlives]

If we don't double top this afternoon, I have 1599 as a projected top. Now you guys had me use my other cent up. Now I'm gonna need another two cents.

You may have nailed it again! You now have 2 more cents!

Hope VA was good this morning.

 

[Mcqlives]

last post of the day...tomorrow will give us confirmation...1606 or 1582

 

[Bquat]

If we don't double top this afternoon, I have 1599 as a projected top. Now you guys had me use my other cent up. Now I'm gonna need another two cents.

1599.40 ok? Well we have a new closing high but still a fragment below the shadow line. We either gap up or head down tomorrow. Need to break 1599.40 tomorrow for you guys that are in. We're right at 1% above my exit. Did anybody like the Fib retracement in the other chart? Do you think we might need it? You know with the last 3 1/2 hours of today we went from a rising wedge to an ascending triangle with a slight break above it, but no I won't draw it because I'm out. Can you see them now?

 

[Bquat]

last post of the day...tomorrow will give us confirmation...1606 or 1582

1608-1568

 

[Mcqlives]

1608-1568

nice and ouch!

 

[Bquat]

1599.40 ok? Well we have a new closing high but still a fragment below the shadow line. We either gap up or head down tomorrow. Need to break 1599.40 tomorrow for you guys that are in. We're right at 1% above my exit. Did anybody like the Fib retracement in the other chart? Do you think we might need it?

Here it is again: I still think 1568 a 50% retracement or touch my 20 day. Unless the Plunge Protection Team acts to save us from the plunge.:worried:

 

[Bquat]

I really didn't expect the 5 day to hold.:embarrest:Maybe a little gray PPT line?

 

[Mcqlives]

I really didn't expect the 5 day to hold.:embarrest:Maybe a little gray PPT line?

Weak support, big M for a topper, ADP lower than forcast and FOMC this afternoon. I may be done.

 

[Bquat]

Weak support, big M for a topper, ADP lower than forcast and FOMC this afternoon. I may be done.

I don't really know this market anymore. Double tops haven't been working. Projected down sides not working. Buy and hold seem to work 6 month's of the year again. Bad job reports is good. Good unemployment reports bad. I may run silent a while but don't know if I'll run deep. Did you exit?

 

[Mcqlives]

Weak support, big M for a topper, ADP lower than forcast and FOMC this afternoon. I may be done.

May be a mistake but I went G. Too many things in the forecast that lean negative. If this bull finds support here then I will be back in real soon and, hopefully, only miss a little of the climb. If the support fails I have several buy in targets I'm watching for.

 

[FAB1]

LOoks like a lot of TSPers are counting on todays dip to get bought right back up -- Im sitting on my lily pad watching
as May has not been kind in the past. Transports fell significantly lower than the broader indexes and S took a beating
not good signs for the near future.

 

[Bquat]

Here it is again: I still think 1568 a 50% retracement or touch my 20 day. Unless the Plunge Protection Team acts to save us from the plunge.:worried:

1572 my 20 day, 1568 my projection and 1560 61.8 fib. 1540 Armageddon.:worried: Yet who ever knows?

 

[Bquat]

LOoks like a lot of TSPers are counting on todays dip to get bought right back up -- Im sitting on my lily pad watching
as May has not been kind in the past. Transports fell significantly lower than the broader indexes and S took a beating
not good signs for the near future.

I'm hoping a 2 1/2 to 3% drop is what they wait for. I went un-contrary today. We're back at my exit so I don't have to exit. People would love to see it re-enter the pink channel. I'm counting on the double top effect countering it. That bounce on the 5 day caught me completely off guard. The break of 1578 should bring on the bear. But you know what, with this market there's a 40/60 chance of a bounce happening there and maybe even better with Fed. support.:notrust:

 

[Mcqlives]

last post of the day...tomorrow will give us confirmation...1606 or 1582

Unfortunately for me I was right with the 1582 confirmation. Your 1568 falls in line with an intraday mark I am thinking might (it is a big might at this point) be a buy in. If it breaks much below that though my next buy mark is 1547ish...

For now I'm sitting back a watching till at least Friday or Monday.

 

[FAB1]

If i am tempted to buy in bonds next week its b/c Armedgeddon struck.

 

[Bquat]

Out of pocket this morning. Market is going to love bad jobs report. The free money will continue. See if we get a slight reversal after the morning pop.