Bquat's Account Talk

[Bquat]

61fib and 50dmay are both good floors for bounces...but they may be dcb's. If tomorrows numbers come in good all this will be a bad memory. If they come in bad I will wish it was just a bad memory.

Exactly the couple of danger points I marked. Both are within 1% decision point and where we need to hold. Looking bad for midterm. Thanks for commenting.

 

[Bquat]

Danger, danger Will Robinson it is. Hold onto your seatbelts. Clean chart to see the drop.:worried:

 

[Bquat]

As you can see I'm out of pocket. Negative F flag that will continue down until it doesn't. May turn into low base . So looking bad if we don't bounce now.:worried:

 

[Bquat]

As you can see I'm out of pocket. Negative F flag that will continue down until it doesn't. May turn into low base . So looking bad if we don't bounce now.:worried:

As I said low base.

 

[Bquat]

Little bit longer term: Have circles in light yellow because this is acting no way like a double bottom. Which concerns me even more.:worried:

 

[Bquat]

Now that I got some time, I'll talk about this level. Bears are waiting for the blue line to break before shorting because dips were being bought. Bulls or trying to maintain this line just in case the dip is bought and we can recapture the 50 day. Computers are waiting for user input because if this level breaks it will break the lower low line and confirm the lower low. The programs will have to switch from bullish bias to a bearish bias. Ie: Sell the dips. This is the correction that has to occur to switch from a QE market to a priced driven market (normal). My $ .02.

 

[Birchtree]

Frankly, the rebound could be like nothing we've seen to date - bond money is going to flow and hedge funds are behind the curve - the race to play catch up is going to be down right explosive - get in now.

 

[Bquat]

Frankly, the rebound could be like nothing we've seen to date - bond money is going to flow and hedge funds are behind the curve - the race to play catch up is going to be down right explosive - get in now.

Stop posting and read mine. Longer term is hurting and the peoples are worrying.:toung: If the low base breaks down. Here's the risk: M is for:

 

[Mcqlives]

Here wishing this was a bad memory...now there is a nice rounding top forming with 1602 at the ends. Not looking good. These move limitations are killing me!!!!!!!

 

[Bquat]

Sorry guys, we're only down 1/2 way. 1540 or 1520ish? Last major peak was 1560 and we can hope for that.:suspicious: I'm so nervous, I'm not even in my normal 30 min. time frame. Maybe in the morning. I'm missing this for once.:laugh: 1505 is the 200 SMA and around 60.0 on the Fib. Retracement.

 

[Bquat]

This agrees with my 1520

 

[Bquat]

Looks like the 1600 area is becoming resistance again. The double top should be bearish but can become an ascending triangle again. This has happened on the last four double tops. I'm bearish and still expecting some down side but with more and more people calling this all an overreaction, I don't know. The increase of home prices of 15% can be anti QE. We'll see.

 

[Bquat]

This is getting scary guys. I guess the good news in housing is bad news. Remember, in a reverse logic QE system all this good stuff about the economy is increasing the chance the free money will decrease or dry up. I have the chart zoomed all the way out and it might not be a bottom. Even though I still have 1540-1520 as a bottom, I'm hoping 1538 may be where the market changes from QE based to economy based.:notrust: What are the odds. Comments welcomed.

 

[Bquat]

It's good to be back home. I'll go start the coffee and see if I can find some oven mitts and maybe try to catch this falling knife.

 

[RealMoneyIssues]

It's good to be back home. I'll go start the coffee and see if I can find some oven mitts and maybe try to catch this falling knife.

You might want to dig in the garage for the chain mail gloves... I think they would work better.

 

[Bquat]

You might want to dig in the garage for the chain mail gloves... I think they would work better.

I'm just glad I'm watching from the outside but still going down some in the F fund. I didn't want to use my last IFT to go to G, just in case we drop quick and get this correction over with.

 

[Bquat]

Officially confirming a lower low. Not even hesitating at 1580 support (double bottom) or at the 1% decision point.:worried: We even broke the yellow channel which could of been thought of as a bull flag. At least we're hesitating here.

 

[bmneveu]

I'm just glad I'm watching from the outside but still going down some in the F fund. I didn't want to use my last IFT to go to G, just in case we drop quick and get this correction over with.

The F fund doesn't feel like "outside" these days. I might put some in just because I'm already feeling exposed anyway

 

[Bquat]

The F fund doesn't feel like "outside" these days. I might put some in just because I'm already feeling exposed anyway

I'm still watching 1540 but 1553 is 10% down for the last up move from 1340 to 1668..

 

[bmneveu]

I'm still watching 1540 but 1553 is 10% down for the last up move from 1340 to 1668..

Good call. 1554 is a level I'm looking at for a possible rebound play.