Bquat's Account Talk

[Mcqlives]

This weekend I may try to find a shorter term channel.

Please do...I am looking at 1812-1816 being the tell all for the short term. The more I look at you 1768 line the more I see it as a possibility. Have a great weekend!

 

[Bquat]

I think we better bet on higher low line.:worried: Had to go to 2 hr to find what may be a channel. Did Fibonacci Retracement from bottom to top. I also think I got the moving averages for the time period right. 1731 is possible. So what do you guys think? Am I too bearish and is there really this much damage to long term? Ok you tell me where the drop ends?

 

[Bquat]

Closer in:

 

[Birchtree]

We will undoubtedly see many more days of this type volatility as we move into 2014. This feels like computer driven nonsense - but it still hurts. Watch the shorts scramble now to get out of the way of the bullish trend rocket. I believe we are standing on the bottom and the trampoline is ready to show us another big V. If the Fed decides to hold QE at $75 billion even for another month or two the V will be really BIG.

 

[Bquat]

May wait for 100 day:

 

[OBXTrader]

What if 100 day happens this week and bounces? Do you have an IFT? I did first IFT L2030 yesterday, 1/24/14 (see my account talk). Moved from G-Fund (since 12/19). If market descends will use second to buy at that 100 level into 2050. If there is a DCB probably will pull some off table. Thoughts?

I was on road yesterday and did transaction on mobile device. I mentioned in JTH's thread, his 1808 must have stuck in my head as he did similar action. Could blow up in my face, but sitting mostly in cash, so can buy into weakness at certain points. But, with TSP restrictions, yesterday seemed to give me most options with two trades and G-Fund move.

Remember, since I am not an active employee, I can't DCA. I need to pick my battles.

May wait for 100 day:

 

[Bquat]

What if 100 day happens this week and bounces? Do you have an IFT? I did first IFT L2030 yesterday, 1/24/14 (see my account talk). Moved from G-Fund (since 12/19). If market descends will use second to buy at that 100 level into 2050. If there is a DCB probably will pull some off table. Thoughts?

I was on road yesterday and did transaction on mobile device. I mentioned in JTH's thread, his 1808 must have stuck in my head as he did similar action. Could blow up in my face, but sitting mostly in cash, so can buy into weakness at certain points. But, with TSP restrictions, yesterday seemed to give me most options with two trades and G-Fund move.

Remember, since I am not an active employee, I can't DCA. I need to pick my battles.

I do have one more IFT and may use it to be 50% in before the first of month. I am not an active employee either. As I said before, I'm trying to be 50% in before the first of the month in most cases. Flow 25% in or out by charts and 25% in or out by news but have one to two in's a month and use the G option to flow out if I have to as you said . I'm may be trying 25 to 50% risk just to save two trades for the next month. Yea if that works. JTH is pretty good lately on accessing risk and I do trust him but I would like to see confirmation before entry. If I had two IFT's I probably have followed him with 50% but since I don't, I wouldn't have the 100% option on the vortex event if the 100 day holds. You must figure your own risk/reward level because you can only blame yourself for the loss when the risk was too much. So hope your not confused.

 

[Bquat]

Ready for Monday:

 

[Bquat]

168 on the tracker. I'm an expert now.

 

[OBXTrader]

I tried to enter my IFT in the tracker for first time ever on Friday and it didn't work. Should have tested it before end of year. Tom hooked me up but after Friday's cutoff so my IFT buy on Friday will show up as today. The whole year is off now, so definitely don't follow me.

168 on the tracker. I'm an expert now.

 

[Mcqlives]

Ready for Monday:

I'm liking what I see so far this morning with the European markets. Hopefully we follow. I am thinking of going in C this morning.

 

[Whipsaw]

168 on the tracker. I'm an expert now.

We're in good company, I'm 166 :nuts:

 

[Bquat]

I'm liking what I see so far this morning with the European markets. Hopefully we follow. I am thinking of going in C this morning.

Above 1796 confirmation and wait until the 50 day is tested from below if your not a risk taker. Maybe a partial in until the 50 is taken?

 

[Bquat]

Took me a little bit to redo the DMA's for the one hour. Yes we got back above the higher lows line but we did set another lower low.:worried: 1796 may be a confirmation of an up move if the higher low line holds on another test. I may wait for the 50 Day test. I think there's too much damage for this to be a boumce and trust the 1768 area a little better.

 

[Bquat]

You may think things are looking better with bulls willing to buy the dip below the higher lows line but this is a low base forming and at most a bear flag until 1796 is breached. I still would like to see a double bottom at 1768. Sorry to be so bearish on you guys but the bigger the dip the better it will be for the market. I want a strongly supported bottom and a completed correction.

 

[Bquat]

I will not be entering today: Quick post for you guys.

 

[MaStA]

Seems like we are getting some larger action. The small bounces that are occurring are dipping back down farther on each one.

 

[Mcqlives]

Above 1796 confirmation and wait until the 50 day is tested from below if your not a risk taker. Maybe a partial in until the 50 is taken?

that is what I was thinking...but 1770ish is what I am looking at now. Lines up nicely a couple of points last year. I stayed out as well...

 

[Bquat]

Thanks guys. Now here is the other side of the coin. I don't trust it but in all fairness to be unbiased I must show it. Possible M A pattern Birchchart 30/70::notrust:

 

[Bquat]

Some call it the triple top reversal pattern.