Frixxxx
Moderator
- Reaction score
- 131
Hit F5 to refresh the screen....:laugh:Pretty cool you can be gone for a few hours and the same chart works.
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Bquat's Account Talk
- Thread starter Bquat
- Start date
Bquat
TSP Talk Royalty
- Reaction score
- 603
Fed notes out with no new mentioning of QE continuing but ex Fed mentions slight cut back of easing possible but Fed too wary of market reaction to announce same.. Ok, I am getting nervous about being right more than not this quarter.
Bquat
TSP Talk Royalty
- Reaction score
- 603
What are you seeing?:suspicious: Bill Ok I see it now but mine may come first.
Bquat
TSP Talk Royalty
- Reaction score
- 603
As always trying to be more accurate, I removed my lines, redrawn purple lines, copied purple line and changed it to green. I dragged the green line down to where the old switch line had started before and this is what I got. Even though we do have a bull flag, I think there is too much damage to the longer term. Nobody has posted a free market video, so I have no confirmation on this. I trust me as far as you can throw a rock, so let me step a little more away before you throw.
This is a possible coin toss but if I believe my switch line, I'll go with 60/40 risk/reward.:worried:
This is a possible coin toss but if I believe my switch line, I'll go with 60/40 risk/reward.:worried:
Bquat
TSP Talk Royalty
- Reaction score
- 603
This isn't a train right now but I give you an eleven day supported channel because of the jobs report. Just in case good news is good now.:notrust:
Mcqlives
Market Veteran
- Reaction score
- 24
your yellow avg line should have to get crossed for the bears to take over. I thought that was happening last month and missed out on a chunk of the last run.
Bquat
TSP Talk Royalty
- Reaction score
- 603
I'm just surprised that good news is good now and I don't think the economy is doing that good. I think it's just earlier Christmas hiring because stores want to start Christmas market early. So it's a pre-jump in hiring before being seasonal adjusting.:notrust: I had mentioned how store hours are going to be longer this year and more people are needed to run the hours without an overtime pump. The market will figure this out and sales better be up because labor cost will increase by 20%.
Bquat
TSP Talk Royalty
- Reaction score
- 603
No the last dip before this one was a right shoulder of the last one and the one that may come up is so small it may just be a continuation pattern. I may just not be seeing what your seeing.
- Reaction score
- 743
Retail starts interviewing and hiring in October for the Christmas shopping season. At Best Buy they like to have all the new help in by mid-October to November 1st so that they are familiar with their departments. I would think most other retail folks do the same thing.
coolhand
TSP Legend
- Reaction score
- 489
One thought that I have running through my head is the Obamacare issue. The powers that be understand that this is now a very real concern for many folks in terms of "affordability". And I suspect many are going to reign in their spending given how much we are only just starting to understand about this legislation's true nature. How will the market react to news that spending is down over last year, should it indeed play out that way? Of course, they could continue to keep pushing this market higher to maintain the illusion that the economy is better than it really is. I can definitely see that happening.
Thoughts?
Frixxxx
Moderator
- Reaction score
- 131
Market specific, but could have an impact. Pharma will get paid no matter what. But I think the QE will offset the Billions to healthcare. When there is no QE or drawdown begins, then shifts to the healthcare market will come into focus quickly.
Bquat
TSP Talk Royalty
- Reaction score
- 603
Wow how did you get my chart? I do think that's more of a continuation pattern.
