Bquat's Account Talk

[Mcqlives]

Did Bernanke's speech turn the market? I didn't realize he was still pushing policy. Can't fight the Fed.

I think 1840 to 1841ish is now the point to watch...I have been trying to figure out this action the past couple of days and do not have much confidence in the bull run but that area seems to now be the pivot point while the 20 seems to be lining up as a floor. If the 1840 breaks and we don't bounce at the 20 we could finally get a good buy in again. If we bounce anywhere before there I think I will put some into play on a gamble anticipating a triple test (and break) of the top. I wouldn't put too much into play on this until I got confirmation of the breakout. This move would be nothing but a gamble if I do go in...mostly getting tired of being on the pad again.

 

[nnuut]

Like they say, "Don't Fight the FED".

 

[Bquat]

I think 1840 to 1841ish is now the point to watch...I have been trying to figure out this action the past couple of days and do not have much confidence in the bull run but that area seems to now be the pivot point while the 20 seems to be lining up as a floor. If the 1840 breaks and we don't bounce at the 20 we could finally get a good buy in again. If we bounce anywhere before there I think I will put some into play on a gamble anticipating a triple test (and break) of the top. I wouldn't put too much into play on this until I got confirmation of the breakout. This move would be nothing but a gamble if I do go in...mostly getting tired of being on the pad again.

As we go downward these are the odds for support holding: I like 1818. Anyway we are technically in a bull flag until we get a bigger move down. With not getting a new high the odds of continuing down are 60/40.

 

[Bquat]

Was out of pocket all day. Lot of damage done today. Broke through top half of channel right where I was hoping for a smaller channel to form. Going down chance now 70/30. 20 day rising fast. It may pass us from below as we move down. Looking worse but sill in defined bull flag.

 

[Bquat]

Yes I know ladders don't work on the down side. I'm just using this one to see if we're accelerating to the down side. :worried: Soon I must decide to use my second IFT and if +/- 25%. I would prefer to be 50% in before the first of each month but there may be more risk to reward. I've noticed a trickle down of market talk as people have assessed risk and are just watching for market direction. So I just give the chart:

 

[Bquat]

I completely forgot about three day holiday trend reversal. Futures look good so far.:embarrest: Stock Futures of Major World Indexes - Bloomberg

 

[Bquat]

I don't know if I need to change anything chart wise. This is a confirmed lower high and I don't know if it's close enough for a double top.:worried: None the less it is a failed move. We talked a couple times before about futures being bought up, market following, profit taken and market following. Now see if they re-buy to make my ladder still good.:suspicious:

 

[Bquat]

20 day battle is going on. If it doesn't hold soon I may take my last 25% out. Sorry had my 40/60 wrong place.

 

[Bquat]

Call me chicken but increased volatility is making Spidey nervous.:blink: There for I exit because of the yellow line.:worried: 100G

 

[Bquat]

This new Spider has been good to me, so we'll see as I go to 100G.

 

[Mcqlives]

This new Spider has been good to me, so we'll see as I go to 100G.

Chart your 1 month out to about 45days on the SnP...not pretty if the trend holds.

 

[Bquat]

Chart your 1 month out to about 45days on the SnP...not pretty if the trend holds.

This? I saw it but don't trust it with QE Taper. Still I'll only be out a week if it happens.:notrust: Birch chart:

 

[Bquat]

I am looking for a pattern repeat whereas the blue green becomes a top of the channel. I have been proven wrong but I like the odds. Market loves to prove me wrong.

 

[crommie]

I am looking for a pattern repeat whereas the blue green becomes a top of the channel. I have been proven wrong but I like the odds. Market loves to prove me wrong.

Talking repeating patterns, take a look at Jan 7, 8, 9 compared to 16, 17, 21...especially the 9th and today the 21st. If tomorrow follows along by being an up day like the 10th was, then it will be the day to park in G for one day as the following day, the 13th was down big.

 

[Bquat]

The chart shows that I might be behind the power curb. It looks like a bullish pattern but I don't trust the green. I lean toward the white channel. I have been wrong but Spidey got nervous and I lost a couple percent not following him before. This is the case of waiting for the first shoe to drop and I'm preempting it. You can always laugh later.

 

[Bquat]

Talking repeating patterns, take a look at Jan 7, 8, 9 compared to 16, 17, 21...especially the 9th and today the 21st. If tomorrow follows along by being an up day like the 10th was, then it will be the day to park in G for one day as the following day, the 13th was down big.

This:

 

[crommie]

Yes, something like that except I would expect tomorrow to top out around your top yellow line around 1850 to complete the double/triple top and the repeat pattern before following your blue line down.

 

[Bquat]

Clean chart for today: I'm speculating with the yellow isometric triangle and taking the last peak as a false breakout.:notrust: 40/60 chance that I'm right.

 

[Mcqlives]

Clean chart for today: I'm speculating with the yellow isometric triangle and taking the last peak as a false breakout.:notrust: 40/60 chance that I'm right.

Interesting that your "exit" line is the top for the day so far. If there is a breakdown it could be winding up.

 

[Bquat]

Interesting that your "exit" line is the top for the day so far. If there is a breakdown it could be winding up.

Still thinking we're coiling up for bigger move. I'm picking downward.:worried: I did widen my white channel.