Bquat's Account Talk

[JTH]

Watch a lot of Ira Epstein and you'll may get a jest of it.

I've always like Ira, he's honest, consistent and he doesn't try to predict the price action, he just reads it.

 

[ravensfan]

Watch a lot of Ira Epstein and you'll may get a jest of it.:

At one time I watched him almost daily. I'm not really sure why I ever stopped, but it is certainly something I can re-visit...Thanks B!

 

[ravensfan]

You know what? Looking at my own sample, I might if the 50 day is in the direction of the break.

In looking at your chart, the 50 day appears to be the next line of support at about 1060ish. If you still have two IFT's for March, it might be a good move to bail for now and get back in later this month. Let's see what today brings. Markets have opened and are up slightly.

 

[Bquat]

Yesterday my daughter turned 39 not 40. I'm still trying to convince her that she's aging at a faster rate than me because she used to be less that half my age just a while back. Maybe I should stop this practice after she turns 40.

 

[Bquat]

In looking at your chart, the 50 day appears to be the next line of support at about 1060ish. If you still have two IFT's for March, it might be a good move to bail for now and get back in later this month. Let's see what today brings. Markets have opened and are up slightly.

Don't jinx it buddy after my in-depth super analysis of the 18 day. You got today's candle flashing red and green already.;swear

 

[Mcqlives]

And now my 2104 line is acting as a ceiling. I don't like this, plus trans are not doing well this week. I'm gone to G. Good luck!!!

 

[Bquat]

And now my 2104 line is acting as a ceiling. I don't like this, plus trans are not doing well this week. I'm gone to G. Good luck!!!

So you're not expecting the 50 day at 8767 not to hold? Well at least you have an hour to watch.

 

[Mcqlives]

So you're not expecting the 50 day at 8767 not to hold? Well at least you have an hour to watch.

It might but I don't have much confidence right now. Plus the S and I funds have been good to me this year so I am in a good position to step aside and play the wait and see game.

 

[Bquat]

Yeah I was worried about 2090 and if we didn't retake 2097.

Made it again.:smile:

 

[Bquat]

I have the charts done and will post them pre-coffee tomorrow.

 

[Bquat]

So questions for tomorrow.
1. Are we in a high base and in a little over 1% price range?
2. Is the 18 day ( Ira's 18 day of closings and my 18 DMA)acting with the importance that I am giving it?
3. Being is this high base for a couple of weeks, are we going to have a flat top big drop?
4. Will AGG's 100 day still suppress bond sales?
5. Do I have the answers? No but I'll have the charts for you and maybe you can decide.

 

[Bquat]

Both the VIX-X and the Transports are below my 18 Day but is Transports finding support on the 50 Day/

 

[Bquat]

Both Dow Jones Industrial's and Nasdaq are above my 18 Day in a high base trading range:

 

[Bquat]

SPY and SPX are in the price range also but there may be concern of a flat top (big drop) because of how long we been at this level. I don't know/ Can it be healthy sideways consolidation in time?

 

[Bquat]

The same for W4500 and is AGG going to continue to be blocked by the 100 Day?

 

[Bquat]

So is this sideways movement waiting for the Jobs report. Will bad news spike this market by lessening a chance of higher interest rates. Will the recent snow storms hold jobs down? Well you guys may have to tune to another channel for the answers because I'm going out for breakfast. Please post agreement or disagreement on these charts to help others. The price range is just a guess on my part and since we haven't seen any moves over 1 % lately shouldn't mean they can't happen.

 

[Sensei]

I must admit, I haven't frequented your thread lately like I used to. You're still doing a great job with the charts!

I say up from here, but what do I know?

 

[jkenjohnson]

So is this sideways movement waiting for the Jobs report. Will bad news spike this market by lessening a chance of higher interest rates. Will the recent snow storms hold jobs down? Well you guys may have to tune to another channel for the answers because I'm going out for breakfast. Please post agreement or disagreement on these charts to help others. The price range is just a guess on my part and since we haven't seen any moves over 1 % lately shouldn't mean they can't happen.

Looks like a good jobs report will send us down. Could mean rising interest rates sooner than expected?

 

[Bquat]

Looks like a good jobs report will send us down. Could mean rising interest rates sooner than expected?

Yeah go figure. Can't trade the news. See the news based drop;
S&P 500 Futures Live Advanced Chart

 

[nnuut]

The FEAR of the FED, that may raise interest rates earlier.