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Or you can now use TapaTalk again!Bquat's Account Talk
- Thread starter Bquat
- Start date
The bullish case right now is all liquidity and psychology...that is, "too many" people think we need to drop. At this point I believe too many people have hitched onto that bullish contrarian perspective reasoning the Fed purchase will also bolster the market. Win - win in there eyes. Therefore I think we will actually drop, just enough to shake the confidence of the weaker hands. It's reverse reverse psychology. :blink: I'll bolster that argument by saying we are reaching the euphoric stage where fools rush in...following the same logic as the lasat paragraph in Tom's commentary today. Therefore I'll remain in G and lean bearish a bit longer.
That's my read on the market psychology of the moment. Take it for what its worth...which aint much. I've been have been playing the cautious side since early July and have missed a lot of gains as a result.
Good luck and thanks as always for the charts!
Bquat
TSP Talk Royalty
- Reaction score
- 453
Thanks and thanks for posting.The bullish case right now is all liquidity and psychology...that is, "too many" people think we need to drop. At this point I believe too many people have hitched onto that bullish contrarian perspective reasoning the Fed purchase will also bolster the market. Win - win in there eyes. Therefore I think we will actually drop, just enough to shake the confidence of the weaker hands. It's reverse reverse psychology. :blink: I'll bolster that argument by saying we are reaching the euphoric stage where fools rush in...following the same logic as the lasat paragraph in Tom's commentary today. Therefore I'll remain in G and lean bearish a bit longer.
That's my read on the market psychology of the moment. Take it for what its worth...which aint much. I've been have been playing the cautious side since early July and have missed a lot of gains as a result.
Good luck and thanks as always for the charts!
Bquat
TSP Talk Royalty
- Reaction score
- 453
If you have a chart that's working stick to it. My intermittent internet is up right now. They were working on someone's two blocks over today. Maybe they found my problem also.:notrust: They'll be here tomorrow, so we'll see. Reposting my chart before it goes away again. Maybe I'll get to see some analysis videos tonight?
And as always feel free to comment because I may be off again. Note switch line crossed and we closed below the last peaks intraday high.
RealMoneyIssues
TSP Legend
- Reaction score
- 100
There will be support at 1673-1676 because of the LT TL from 11/16/12 to 4/19/13 (plotted on daily)...
After that, the 20 MA at 1668, then the 50 MA and .382 Fib at 1644 (very strong)...
If it makes it through that (doubtful), then we are looking at support at .5 Fib at 1630...
Just thoughts to ponder
RealMoneyIssues
TSP Legend
- Reaction score
- 100
Another QE reversal type double top?:worried: Market hates my analysis.
But it loves complacent retail investors...
Market volume is on pace to be another low day... institutions are waiting (not sure why since they already know) for the Fed to speak tomorrow.
Don't forget, there was bad economic news today, some more bad earnings... all good for the market...
Euphoria is everywhere (well, except in the potash market)...
Bquat
TSP Talk Royalty
- Reaction score
- 453
Yea it likes reverse logic. I am glad to see you post count increasing. Looks like your re-entered into the game.
RealMoneyIssues
TSP Legend
- Reaction score
- 100
Looks like your re-entered into the game.
Not really, still licking my wounds from a very painful trade as my "system" has failed and needs replacement... still working towards that, but with little experience, I may just stay in G awhile (heck its making over 2% now)... even though not enough to beat inflation (ok, Fed says inflation is <1% ahahahahahahaha, have they been grocery shopping recently)...
Good luck to you, I know this year hasn't been great to you either... It's years like these last 2 that I question why I ever decided to stop being a B&H'r...
Bquat
TSP Talk Royalty
- Reaction score
- 453
Isn't it weird how your internet works fine the day the repairman is suppose to come. So he'll come and won't fine the problem and it will stop again shortly after he leaves. At my last house the internet wouldn't work when it got above 93 degrees outside and we would also lose some TV stations yet all appointments were before 2 PM because of the heat. I went round and round with them. We can't let our pole-men work in the heat but you won't see the problem until the outside cable stretched in the heat. I went to AT&T and dish TV. AT&T internet is too weak of a signal at my area. The phone lines in this area haven't been upgraded yet and we're too far from the source. So we'll see what he finds.:notrust: I just hope what they found two blocks away had fixed both our problems.
Bquat
TSP Talk Royalty
- Reaction score
- 453
Don't worry. When QE ends so will buy and hold.
RealMoneyIssues
TSP Legend
- Reaction score
- 100
Don't worry. When QE ends so will buy and hold.
So will most everything, except maybe PM
RealMoneyIssues
TSP Legend
- Reaction score
- 100
I wish... If we could just get a good 10-15% drop, I would get all in S... G for a whole month
jpcavin
TSP Legend
- Reaction score
- 97
We must be headed up then...thanks for the tip.
RealMoneyIssues
TSP Legend
- Reaction score
- 100
POTUS is talking, so the markets are slowing going up being blown up by HOPIUM...
MrJohnRoss
Market Veteran
- Reaction score
- 58
With a name like Johnny Ringo, we'd all better listen closely.
... and now... Heeeeeeeeere's Johnnny! :toung:
Bquat
TSP Talk Royalty
- Reaction score
- 453
You're welcomed.We must be headed up then...thanks for the tip.
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