Bquat's Account Talk

[Frixxxx]

I am waiting for the ladder version.

 

[nasa1974]

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?

From what I have seen at Best Buy this year, I think the Holiday spending will be even if not just slightly up from last year. But it depends when bean counters start looking at the spending/buying trends. At Best Buy we have had Black Friday prices in place since the 1st of November as well as most big retailers. If you believe their sale ads. A lot of people I know have most if not all of their Christmas shopping done already. But the retail numbers may be down from last year because of the earlier price drops, seasonal help and longer hours of operation. I know Best Buy came out recently and said that their Holiday earnings would be down from the projections just because of that. However, Best Buy stock has gone from $11.20 earlier this year to a high of $39.51 a few weeks ago (closed today at $38.96).

 

[coolhand]

From what I have seen at Best Buy this year, I think the Holiday spending will be even if not just slightly up from last year. But it depends when bean counters start looking at the spending/buying trends. At Best Buy we have had Black Friday prices in place since the 1st of November as well as most big retailers. If you believe their sale ads. A lot of people I know have most if not all of their Christmas shopping done already. But the retail numbers may be down from last year because of the earlier price drops, seasonal help and longer hours of operation. I know Best Buy came out recently and said that their Holiday earnings would be down from the projections just because of that. However, Best Buy stock has gone from $11.20 earlier this year to a high of $39.51 a few weeks ago (closed today at $38.96).

What can we believe any more when it comes to the market data that's released? We'll see what numbers are released after Black Friday and over the weekend. Isn't that historically the most shopped days of the year?

 

[Bquat]

I am waiting for the ladder version.

Best ladder version I can come up with.:cheesy: I did it for you and now you have the floor to talk about it.

 

[Bquat]

What can we believe any more when it comes to the market data that's released? We'll see what numbers are released after Black Friday and over the weekend. Isn't that historically the most shopped days of the year?

Yes that's normally the case but instead of midnight Thursday they'll be starting morning Thursday adding 12 to 18 more hours to make sales look better. My two cents.

 

[Bquat]

Just saved it and added some circles...

You can do that anytime you want. A picture from you clears up things.

 

[Bquat]

any guesses?

 

[nnuut]

None, but I'm all in!

 

[JimmyJoe]

any guesses?

The middle lower purple line, pointing to 1776, what is its meaning? Is it attached to older data? Aside from that, the yellow lines, more relevant and more recent, seem to be going higher, I'm guessing to 1850. So that's my choice, so too with buying season approaching (sounding like Stewie here), and with the S&P, Nasdaq about to reach 1800 and 4000. And 1850 is not my final guess. More like S&P 2000 at the middle of 2015.

 

[Bquat]

The middle lower purple line, pointing to 1776, what is its meaning? Is it attached to older data? Aside from that, the yellow lines, more relevant and more recent, seem to be going higher, I'm guessing to 1850. So that's my choice, so too with buying season approaching (sounding like Stewie here), and with the S&P, Nasdaq about to reach 1800 and 4000. And 1850 is not my final guess. More like S&P 2000 at the middle of 2015.

The bottom purple line is just the distance between steps of the ladder.

 

[JimmyJoe]

"More like S&P 2000 in the Summer of 2015", just for clarification in my guessing of Bquat's chart. And for a very near term, my guess would be S&P 1820 instead of 1850. But I think 1850 could happen in a month, December 31.

 

[Frixxxx]

Best ladder version I can come up with.:cheesy: I did it for you and now you have the floor to talk about it.

"It is all coming together as I have foreseen"

 

[Khotso]

Quote Originally Posted by Frixxxx View Post

I am waiting for the ladder version.

Best ladder version I can come up with.:cheesy: I did it for you and now you have the floor to talk about it.

Yeah, enquiring minds want to know Frixxxx. Is this tongue in cheek or is there relevance/meaning to the "ladder" chart?

 

[Frixxxx]

Yeah, enquiring minds want to know Frixxxx. Is this tongue in cheek or is there relevance/meaning to the "ladder" chart?

Remember a ladder is to show the "rungs." As I joked in my last post, when a rung is not traversed, it means a breakout ensues.....When Bquat posted, it showed a breakout of the analysis.

 

[Bquat]

Yeah, enquiring minds want to know Frixxxx. Is this tongue in cheek or is there relevance/meaning to the "ladder" chart?

He wanted a ladder pattern because when your in a bullish channel and it seems the up legs are pausing at the same length so you can predict it. The rungs show the pulse of the market or computer programs in an up trend. If the rung is below resistance and you do a little pullback the odds are that you'll break resistance. If the rung is right on resistance you can correct a little but the odds are against breaking that level. So the ladder perpetuates the bullish channel. Now this ladder is no a strong one because I had to play with the rungs until I got a distance that worked. A good ladder you can pretty much visualize where the rungs go. So we'll have to see if it works.

 

[Bquat]

Remember a ladder is to show the "rungs." As I joked in my last post, when a rung is not traversed, it means a breakout ensues.....When Bquat posted, it showed a breakout of the analysis.

Ok according to the ladder we should break out? We'll see.:blink:

 

[Khotso]

He wanted a ladder pattern because when your in a bullish channel and it seems the up legs are pausing at the same length so you can predict it. The rungs show the pulse of the market or computer programs in an up trend. If the rung is below resistance and you do a little pullback the odds are that you'll break resistance. If the rung is right on resistance you can correct a little but the odds are against breaking that level. So the ladder perpetuates the bullish channel. Now this ladder is no a strong one because I had to play with the rungs until I got a distance that worked. A good ladder you can pretty much visualize where the rungs go. So we'll have to see if it works.

Thanks much for the explanation Bquat! One other question if you don't mind: Up legs pause at same distance price-wise or period-wise? It'll be interesting to watch.

 

[Bquat]

Thanks much for the explanation Bquat! One other question if you don't mind: Up legs pause at same distance price-wise or period-wise? It'll be interesting to watch.

Price low to high. You can look for a ladder in my posts. The one before the down one should be a better example. I don't trust down ladders because dips are bought more often than not in a bull market.

 

[Bquat]

Thanks much for the explanation Bquat! One other question if you don't mind: Up legs pause at same distance price-wise or period-wise? It'll be interesting to watch.

ladder patterns within trading channels - Bing Images Wait a while to see what I have that's close.

 

[Mcqlives]

ladder patterns within trading channels - Bing Images Wait a while to see what I have that's close.

None of these completely conform...which to me means we may be topping. Unless we see a close above 1802 today I'll be looking for a repeat of this week next Monday and Tuesday with a re-test of 1802 (and break of!?!?!?!) coming Wed. If we break I am guessing (still) at 1826 for the intermediate term. Just my opinion. Happy Friday!!!