Bquat's Account Talk

[gronk007]

This morning I was bummed I did not get in yesterday...now I think I'm good...maybe. Check back in at the end of the day. The gap needs to be filled and the price is not going through the roof. There is still room below on the RSI and the Bollinger bands...thanks in large part to the last two days. It would not surprised me if today finishes flat and tomorrow we continue the trend down. Just speculating perhaps wishfully so. I am likely not going in prior to the weekend unless tomorrow is a big down day.

 

[Bquat]

Go ahead and fill that gap and then let's leave it behind us and rally:

 

[JTH]

S&P 500 has retraced 50% of the move, now back up to the 1854 level.

 

[Bquat]

S&P 500 has retraced 50% of the move, now back up to the 1854 level.

Are you saying I should double down or exit?

 

[Bquat]

Sticking with 50%.

 

[Bquat]

I have a holiday plan that I'm thinking about:

 

[OBXTrader]

You must be on the fence since you didn't push in the other 50%. I moved 100% G Fund effective today. Depending on today's close, will be a very modest monthly return for 3 days in market. I have no more IFT's.

I have a holiday plan that I'm thinking about:

 

[Bquat]

You must be on the fence since you didn't push in the other 50%. I moved 100% G Fund effective today. Depending on today's close, will be a very modest monthly return for 3 days in market. I have no more IFT's.

I am holding on to my last IFT and trying to save it post holiday if can. I feel worst case today is gap fill but the 50 day is acting too strong for that maybe. !842 fixed the short term and 1845 fixed the mid term and 1875 will fix the shorts. I just have my holiday doubts.

 

[JTH]

Are you saying I should double down or exit?

Nope, just observing the price action

 

[Bquat]

Nope, just observing the price action

That's what I thought.

 

[Bquat]

May be creating a trading range between the blue and red line. A one percent gain tomorrow could really change the outlook back to bullish:

So outlook bullish:

 

[Birchtree]

Remember that nice 39 point decline on the SPX we had last week - well here comes one for the upside. The European markets are about two years behind our market and now that Mario is threatening to pump in liquidity you can imagine what is going to happen to the I fund.

 

[JTH]

"Yawn" it looks like another boring day in the markets.

 

[JTH]

Remember that nice 39 point decline on the SPX we had last week - well here comes one for the upside. The European markets are about two years behind our market and now that Mario is threatening to pump in liquidity you can imagine what is going to happen to the I fund.

I'm going to need a longer rope...

 

[GUCHI]

i hope your talking about the I fund getting ready to show some true upward movement. if sooooo halleluyah....

Remember that nice 39 point decline on the SPX we had last week - well here comes one for the upside. The European markets are about two years behind our market and now that Mario is threatening to pump in liquidity you can imagine what is going to happen to the I fund.

 

[Bquat]

Charts for tomorrow.

 

[Bquat]

20 Day tested from above. This is looking exciting. Too bad I have an appointment this morning. Might be a good double down place for my last IFT:

 

[Birchtree]

IBM is providing a 50 point decline to the Dow - but the Dow shall overcome.

 

[Bquat]

I am holding on to my last IFT and trying to save it post holiday if can. I feel worst case today is gap fill but the 50 day is acting too strong for that maybe. !842 fixed the short term and 1845 fixed the mid term and 1875 will fix the shorts. I just have my holiday doubts.

I am sticking to this plan until we have a higher high at 1873: I like today's action because a drift up would bring a post holiday trend reversal. I want the movement to continue sideways to build the strength of this level:

 

[Bquat]

I thinkwe might be ok. Not much for the holiday trend reversal to reverse. Glad we cooled our heels a little before attempting going above the lower high yet. Need strength of the full market on Monday: