Bquat's Account Talk

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If we don't break out today, I have chosen my entry level of 1862. This is my expert opinion.:rolleyes: Well at least my opinion.:) I am in a buy the dip mentality, now that the mid term damage is healed (20 crosses 50). Yes my entry is only 1% down buts it's an Inverse H&S prediction now. I think bonds are getting ready to move into equities as winter storms breakup. As always, since expert I be not comment you will, yes?:D
 
Bquat said:
If we don't break out today, I have chosen my entry level of 1862. This is my expert opinion.:rolleyes: Well at least my opinion.:) I am in a buy the dip mentality, now that the mid term damage is healed (20 crosses 50). Yes my entry is only 1% down buts it's an Inverse H&S prediction now. I think bonds are getting ready to move into equities as winter storms breakup. As always, since expert I be not comment you will, yes?:D
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I will be out of pocket in the morning, so the decision my be your's because I may be on hold. Now on the jobs report. Good is bad, bad is bad.:sick:
 
Back in pocket for about 15 min. About time for a drop don't you think? I need it right about now. Need 1848 to 1862 for entry.;)
 
I wouldn't bet on a drop that low until the Fed meeting. What we can learn from today's jobs numbers is that it's not clear what the FED will do. With a few more critical indicators before the meeting, it'll be interesting to see how this month turns out. Hopefully we fall a bit more before clearing 1,900+ by month's end.
 
BichonFreeze said:
I wouldn't bet on a drop that low until the Fed meeting. What we can learn from today's jobs numbers is that it's not clear what the FED will do. With a few more critical indicators before the meeting, it'll be interesting to see how this month turns out. Hopefully we fall a bit more before clearing 1,900+ by month's end.
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I think the unemployment percentage was reported higher as to avoid an increase in taper. A good jobs added report and higher unemployment? It could also mean job openings are getting better and more people are trying to reenter the work force. Unemployment can rise as jobs outlook improves.
 
RealMoneyIssues said:
bad news is good for the market

good news is good for the market

Doesn't matter...
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it's just the beginning of the ultra mega-trend secular bull market, which means 2500 spx in a couple months or maybe even a couple weeks. golden prices are right now cuz we're going to the moon like kennedy son *snort*

if i'm wrong i still win cuz i got like 200 dividends due this month to add to my wallflowers so bring it on :cool:
 
sniper said:
it's just the beginning of the ultra mega-trend secular bull market, which means 2500 spx in a couple months or maybe even a couple weeks. golden prices are right now cuz we're going to the moon like kennedy son *snort*

if i'm wrong i still win cuz i got like 200 dividends due this month to add to my wallflowers so bring it on :cool:
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Isn't that a Birchism.:D
 
I did think it sounded vaguely familiar - but don't forget the pungent odor of sweet smelling superlative bull manure. It will be wafting across the board soon again.
 
I still would really like a short term bearish move below the higher lows line to drop us out of the rising wedge. Then I would like to enter for the move for higher highs. It can happen.:cool:
 
Bquat said:
I still would really like a short term bearish move below the higher lows line to drop us out of the rising wedge. Then I would like to enter for the move for higher highs. It can happen.:cool:
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Be careful about entering before a break out above the rising wedge. If you enter on a dip below on the assumption that it will bounce up, you might get surprised by further downside. Is there a level you think it will bounce at below the wedge?
 
RealMoneyIssues said:
Be careful about entering before a break out above the rising wedge. If you enter on a dip below on the assumption that it will bounce up, you might get surprised by further downside. Is there a level you think it will bounce at below the wedge?
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I am waiting on a 20 day test and hold with maybe waiting for confirmation around 1862 to 1848. If 1834 is broken the inverse H&S is void.
 
Bquat said:
I am waiting on a 20 day test and hold with maybe waiting for confirmation around 1862 to 1848. If 1834 is broken the inverse H&S is void.
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I am with you on the 1848 entry and the 1834 negation of the wedge but the 1862 surprises me...would you just be looking at a short term play there?
 
Mcqlives said:
I am with you on the 1848 entry and the 1834 negation of the wedge but the 1862 surprises me...would you just be looking at a short term play there?
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1862 is the minimum for a right shoulder. I don't think 1834 can be reached and it's the head test we don't want to pass. Finally we may be getting below the high base. I'm even thinking longer term 50% in. Spring may be eternal and bonds are over bought. I may be wrong but more jobs being made and unemployment rising may be a sign of people reentering the work force. Just an opinion and you know how my opinions go but I have been pretty lucky the last five months.:) I do think 1854 to 1848 would be the best scenario for possible entry. Comments are desired at this time: ___________________________

There is still a 45/55 chance this my be a bull pull back: Light yellow:notrust:
 
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