Bquat's Account Talk

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Bquat said:
Everything looks OK but Fed hasn't spoken yet have they? I'm out of pocket so I don't know.
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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.:p
 
Looks like the making of a new IHS when we bounce off of the 11 or the 20 day...

Danny
 
Lower high, check. Lower low, check. Now what if the 11 day holds?:blink: Coin flip. I call tails.
 
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.:D This is a possible coin toss but if I believe my switch line, I'll go with 60/40 risk/reward.:worried:
 
There are three rules of investing to be successful - it takes money to make money, don't fight the Fed, and do run in front of the train.
 
Birchtree said:
There are three rules of investing to be successful - it takes money to make money, don't fight the Fed, and do run in front of the train.
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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:
 
Bquat said:
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:
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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.
 
Mcqlives said:
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.
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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%.
 
Danny said:
Are you seeing (believing) in another IHS yet?

D
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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.
 
Bquat said:
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%.
Click to expand...

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.
 
nasa1974 said:
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.
Click to expand...

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?
 
coolhand said:
Thoughts?
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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.
 
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