Bquat's Account Talk

[felixthecat]

What a deviously planned setup for the markets next week :angryfire:. Dow coming off a XX666 buy signal which led to a big two day rally. Funny since in 2009 the intraday S&P low was also at 666 which began a huge multiyear rally. Marketeers must have a thing for 666. I'm thinking to myself...this rally is not like the rally back then because the valuation on stocks were way better then than now. This fresh manure world rally will falter badly in the coming days. This has all the markings of a bear trap...smell it a mile away. I just hope we do a quick retest of the lows and hold S&P 1832. If not...bigger declines through September. If anything, I would expect some real roller coaster rides coming soon.

Get your sticky pants on and bring more diapers.

I wonder if that old song "September in the Rain" pertains to the stock market...you know stuff Falling Down??

Im all wet now, don't need additional soaking so I think I'd rather be OUT on the 1st of month - so ya'll Buy, Im wrong
most of tyme!

 

[tbx1203]

Yea valuations were low then because the probs were domestic.

 

[Tsunami]

I could imagine testing the bottom of the channel then heading down again...

What I'm hoping for is a test of the bottom of that channel around 1926, ideally closing there on Tuesday 9/1...at which point I'll be back in and hoping for ~5% rally up to the 2030's and bail out, just before the rug is pulled out again. That's my plan as of now, but it changes hourly LOL.

 

[Bquat]

Ok, back from the doctors office. Next time I get a 11:00 appointment, I'll reschedule. Showed up at 10:45 and didn't get seen until 1:15. I like to try to get either the first or second appointment to miss the effect of over scheduling.

 

[Bquat]

On the SPY I moved my DCB line up a tiny bit because that evidently is where the resistance I was expecting is. I hope this is a consolidation move and not a flat top developing::

 

[Bquat]

Thanks for the visits guys. I will no go through the posts.

 

[Bquat]

I could imagine testing the bottom of the channel then heading down again...

I was thinking that maybe the light blue support line should be the bottom of that tail 195.0ish.

 

[Mcqlives]

I was thinking that maybe the light blue support line should be the bottom of that tail 195.0ish.

Soooo...sideways action again???

Nevermind...I just read the rest of your posts and see you recharted. Now I understand the channel you are referring to...

 

[Bquat]

Soooo...sideways action again???

Nevermind...I just read the rest of your posts and see you recharted. Now I understand the channel you are referring to...

Maybe. Staying within the 1% range. Volume is lower as people seem to be waiting for direction on the last trading day of the month. So each one has to decide I guess:

 

[Mcqlives]

Maybe. Staying within the 1% range. Volume is lower as people seem to be waiting for direction on the last trading day of the month. So each one has to decide I guess:

A very unexpected bounce point this morning. I don't think the 1% apply past this morning.

 

[FAB1]

UNLIKE!!!!!!!...but only cause I'm in:cheesy:

it figures someone would find a way to defeat the Like button with a manually inserted Unlike.

well I am out, waiting for the next bottom which isn't Likely far away. But I can see the S&P hitting
that old Oct. bottom as we briefly visited that level - then a 5-6% gain would be lovely and then GONE
for the rest of Sept. Def a Sell the Rallys month.

 

[FAB1]

Volatility see we much.

a Portent of greater things to come?

 

[FAB1]

Oh my equities headed downward again worldwide!!

UNEXPECTED!! :cheesy: :cheesy:

Charts! we need charts and lots of opinions - who's on board??

 

[FAB1]

savor.

come back 2 edit this later...

 

[Bquat]

I could imagine testing the bottom of the channel then heading down again...

Well we both were right so far. You said we would go back down to the bottom of the channel and I said 60/40 we won't cross the DCB area. Luckily there's no volume follow through yet. It happened mostly in the futures. Now I bet you don't really want the second part of your prediction:

 

[Bquat]

Oh my equities headed downward again worldwide!!

UNEXPECTED!! :cheesy: :cheesy:

Charts! we need charts and lots of opinions - who's on board??

Is this an inverted Cup and Handle? I had to go to 4 Hour to find you support::worried:

 

[FAB1]

come back 2 edit this later...

savoring the smell of fear in the morning!

 

[FAB1]

Is this an inverted Cup and Handle? I had to go to 4 Hour to find you support::worried:

well the line second from the bottom looks promising too but I think Tom mentioned the Oct low in his column. So either one could be a good buy-in point?

 

[Bquat]

Ok? Why did Futures just do a 180 from -0.60 to +0.84%

 

[burrocrat]

Ok? Why did Futures just do a 180 from -0.60 to +0.84%

because the market is rigged. you don't have to be right, there is no way to be right. you just have to guess which is the right side of the trade to be on, consistently.