Bquat's Account Talk

[Bquat]

I'm currently 50% G and 50% F. I may burn my last IFT to go 100% F.

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That my be a good choice but if this correction becomes bad and in QE tapering many could be going to cash. Also F fund is getting swings also. I feel where your at may be better with this volatility.:suspicious:

 

[Bquat]

Flagpole Warning...bail out. It is fixing to get real nasty in February. For you guys out there...flagpole fixin to rack you. With that said, on with todays market correction.

If 1758 is broken I would panic then.

 

[Bquat]

Flagpole Warning...bail out. It is fixing to get real nasty in February. For you guys out there...flagpole fixin to rack you. With that said, on with todays market correction.

Is this what you be talking about? $INDU - Graphical P&F - Charting Tools - StockCharts.com

 

[Bquat]

Don't see any strength here. I'm neutral with the 50% in -25% chart and -25 news and with no confirmation of an up move, stay 100% G.

 

[Bquat]

Could be the pulse of the market::suspicious: I could be too bearish.:blink:

 

[Birchtree]

Many bearish shorts are getting wiped out from individual stocks. When a stock like Chipolte (CMG) goes up 67 points some bears are getting skinned. I like the action.

 

[Bquat]

Right at the deadline a real test of the 5 day. The last one I think we didn't rise above it. It just fell below us. Now we have to figure if that's what it's doing again but maybe since it's post deadline it's a moot point.

 

[Bquat]

Many bearish shorts are getting wiped out from individual stocks. When a stock like Chipolte (CMG) goes up 67 points some bears are getting skinned. I like the action.

As long term as you are, you always like the action in either direction.:nuts:

 

[Mcqlives]

Ok, wanting to enter the market 50% before first of each month, -25% chart shows low base and -25% news say emerging markets raising interest rates. I'm a wash so far. Need you to push me. Birch will automatically.

You are going to have to push yourself. 1771 to 1796 is my range and we will have to break above to get me in the markets. If we go below 1971 watch 1758ish because if that breaks, the bottom is a long way down. If I was in I would stay in till the break down happens...since I am out I am staying out till I see something solid!

Have a great weekend and keep that spider happy!!!

 

[Bquat]

Good chance of going midterm bearish.:worried: If we don't turn up soon the 11 and 20 day will cross the 50 day. Last isometric triangle broke down.:worried: Comments?

 

[Mcqlives]

Good chance of going midterm bearish.:worried: If we don't turn up soon the 11 and 20 day will cross the 50 day. Last isometric triangle broke down.:worried: Comments?

I see it too...although using different trend lines. It looks like, unless the bulls get some footing, this may gain momentum to the downside. I'll be watching the VIX Monday morning.

 

[Bquat]

What if we're already midterm bearish. We need to rally now!:notrust: You may not see it but 50 day is ready to decline.

 

[Bquat]

Close up for tomorrow:

 

[rspring]

Close up for tomorrow:

So what is your reading of the chart? Do we bounce or continue to correct? Thanks for your postings.

 

[Bquat]

So what is your reading of the chart? Do we bounce or continue to correct? Thanks for your postings.

I figure we have 60/40 chance of continuing down (4% S fund). Notice the green line? That is a mid to longer term decision line for me or bottom of a mid-channel I drew. See post #6415
I have been looking for up movement confirmation with a close above 1796 but it's not happening. Many have reentered stocks going with an October to now higher lows line, See JTH's thread. This is one of the few, if any, times I disagree with him on the midterm.:blink:

 

[RealMoneyIssues]

Bounce, enough said...

 

[Bquat]

Futures maybe a H&S: S&P 500 Live Chart

 

[RealMoneyIssues]

Futures maybe a H&S: S&P 500 Live Chart

Shoulder line is downsloping, might not be as reliable, but either way its only pointing to to 1768 and that could easily be bought up with the current crop of dip buyers...

 

[Bquat]

Shoulder line is downsloping, might not be as reliable, but either way its only pointing to to 1768 and that could easily be bought up with the current crop of dip buyers...

1768 has been bought before and we didn't go up much from there before. I think the next crossing of my blue line won't recover but everyone and his brother disagree with me. Even my brother.

 

[RealMoneyIssues]

Got your H&S, lets see if it triggers