Bquat's Account Talk

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I tend to believe the Fed is not going to pause the tapering of QE. Everyone knows QE is not a good thing. The Fed gracefully entered into the policy of tapering and has executed two months of the policy without complete disaster. Likely because most feel the market is propped up by QE and needs a healthy correction. My opinion...the Fed doesn't look back and continues tapering as scheduled.
 
Less than 1% from confirmation for me.:) Things look real good to me today but confirmation is needed. We need to make the weekly bullish.
 
gronk007 said:
I tend to believe the Fed is not going to pause the tapering of QE. Everyone knows QE is not a good thing. The Fed gracefully entered into the policy of tapering and has executed two months of the policy without complete disaster. Likely because most feel the market is propped up by QE and needs a healthy correction. My opinion...the Fed doesn't look back and continues tapering as scheduled.
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Agree. Just wonder if they will taper a little less??
 
Don't leap for joy yet. This is just a fake bull thrust because of jobs report or and exhaustion move. Smart money knows dumb money will buy the news up and will probably short. Once it's realized that this is an excellent jobs report with the numbers only being held back by weather, smart money will realize taper will continue and less free money.:( Now to be a little less bias and less news based by saying this is turning into a bull flag until the 11 day fails.:notrust: It's kind of ironic, I would of been more bullish with a slow move up. Testing resistance at the top of a big move can give a feeling of rejection, Hopefully I'm wrong, the 11 day holds and we build from there.:blink: I need my confirmation.
 
Coiling up for bigger move. My coin toss comes up tails for down.:worried: If we weren't in a down trend I would think up but I'm hedging the bet on the weekly resistance and this is an 11 day down trend. We want direction before the deadline.:rolleyes:
 
Bquat said:
Coiling up for bigger move. My coin toss comes up tails for down.:worried: If we weren't in a down trend I would think up but I'm hedging the bet on the weekly resistance and this is an 11 day down trend. We want direction before the deadline.:rolleyes:
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Can you explain this a little more... I'm new.
I think you are saying if we can get above our 11 day trend then you predict it is going up... since it has stalled below your green line you stick with the trend.
If it goes above the green line and then bounces off of it then you would switch to up...
you need more time to make a decision so no decision today... tune in Monday.
 
Too close to call for me. I be a chicken. Got to go with my statement before last not entering. Will not let deadline rush me.:mad:
 
rspring said:
Bquat, you do great analysis; however, no risk no reward. Happy trading!
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Why thank you, No risk no loss. Just playing the odds. I still could be wrong but weekly resistance should trump things. I had a rung just above and usually the rung will also block things if above at the top of a move. I think the market really wants this level and it could be bad if it feels the current move is rejected. It's like when you go up for a critical shot in basketball and the defensive player just dominates you from above and knocks the ball with force blocking your shot. You will try to avoid him on any further shot and then the advantage is his.
 
Ok I just got lucky on my guess so far.:D I want an intra-day triple top reversal. This is a high base though.
 
Bquat said:
Why thank you, No risk no loss.
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That's definitely key in regards to where you are in your career, personal finances, or how the market is doing. On the later, the market seems to be driving people in fits right now whether to hold on to their gains from the last two great years, or if they should keep running the table because the hand could get hot again. Personally speaking if I had 20+ years invested in my TSP, I'd be more conservative too, but I only have one and half. So I'm in a different boat.
 
I've been retired for several years and have been all in all the time - there is no better way to fly. And I've made a great deal of money staying all in all the time. Time in the market often times can be more rewarding than timing the market.
 
BichonFreeze said:
That's definitely key in regards to where you are in your career, personal finances, or how the market is doing. On the later, the market seems to be driving people in fits right now whether to hold on to their gains from the last two great years, or if they should keep running the table because the hand could get hot again. Personally speaking if I had 20+ years invested in my TSP, I'd be more conservative too, but I only have one and half. So I'm in a different boat.
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When I first retire I tried capital preservation and found that was definitely not the way to go. The odds are not to take risk when you figure risk\reward is 50/50 or less and to take the chance if the risk to reward is greater than 40/60 or better. Early in your career you can take the 50/50 chance or even be more risky than that. Time is on your side.
 
BQ
On the SP graph there is a number 1783.44 to shoot for. Q- does that number change throughout the day? As in do we need to close today a bit higher? thanx
 
If we can close above 1790 then Monday comes the explosion. We may potentially see a 40 point SPX gain.
 
shitepoke said:
BQ
On the SP graph there is a number 1783.44 to shoot for. Q- does that number change throughout the day? As in do we need to close today a bit higher? thanx
Click to expand...
The white number is where the market currently is when I saved the chart.
 
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