Bquat's Account Talk

[Cactus]

Yeah, these drops at the end of the day don't give me any expectation that a turn around rally is coming soon.

 

[Bquat]

Have our first higher high but do you trust it? Watching Dead Cat Bounce level:

 

[Bquat]

No move for me. First higher high but still a lower high in the pig picture::notrust:

 

[BooDog]

No move for me. First higher high but still a lower high in the pig picture::notrust:

See how much of it it gives back this time by close. I took a "small" position 15 C 15 I.

 

[Birchtree]

Since 1940 we've never had more than one 10% correction in a bull market, so it's unprecedented that we've already had two - 2010 and 2011, plus a 9.9% in 2014. The year 2015 could be parabolic and fun to chart.

 

[Cactus]

Looks like we are getting another noon deadline reversal. I'm glad for once that I didn't jump in yet. :suspicious:

 

[Bquat]

Well we dropped down and touched JTH's measured move line and this was an up day (not). I don't think we out of trouble yet. We even fell back down below my DCB line::worried:

 

[Bquat]

Dumb money tried to buy the 100 Day but smart money took the profit. Did touch the test level and dropped:

 

[Bquat]

Selling volume increasing on Transports:

 

[Bquat]

VIX just closed above a double top and may be breaking out of a cup and handle formation: Comments?

 

[Bquat]

JTH, your 2025 and measured move both were touched today. At least the 2015 and the measured move on my charts.

 

[Birchtree]

The VIX will come down faster than it went up - this consolidation is almost complete.

 

[Bquat]

The VIX will come down faster than it went up - this consolidation is almost complete.

Thanks all mighty one. I'll be out of pocker this morning Senior bowling.

 

[Bquat]

Thanks all mighty one. I'll be out of pocker this morning Senior bowling.

I do like today's action more lIke it's trying to consolidate at the new level instead of pump and dump.

 

[OBXTrader]

L2020 was kind to me on yesterday's down day (-.17%) and I was in for today's up. Sometimes a Monday coin toss choice and a 50% fund is OK for me. Didn't have stomach to push the chips in like the big boys when catching falling knives. Got burned in October that way and didn't stick it out. Maybe tomorrow.....

Thanks. I half-way believed the 100 day would serve as support. So, I did an IFT in the L2020 which is a half-way fund (50% Cash/Bonds and 50% Equities). Bonds moved same as stocks today, some must think the Fed will begin to raise rates. I am 50/50 on that too.

 

[Bquat]

You guys that got in yesterday may have done good. Did FED day put us above Dead Cat Bounce area? We'll see tomorrow:

 

[Bquat]

Well in the SPDR's we're in an ascending triangle but this is the third test of JTH's 202.5 area. Did Auntie Yellen give us the pop Oscar was calling for? Tomorrow will tell if this was just overreaction:

 

[Bquat]

Maybe cup and handle won't work in VIX:

 

[Bquat]

So am I two days late?

 

[Bquat]

Another thing I'm watching tomorrow to see if there was an over reaction to FED's announcement: Lot of buy volume today.