Bquat's Account Talk

[Cactus]

We are talking about the country here who taxed the Swedish rock group ABBA at the 105% tax rate as punishment for making too much money. That's right; the tax was more than the income.

 

[userque]

Hmmmmmm....a cashless society where every transaction is controlled by the banks......anyone see anything in that picture to give you pause...

FS

Mankind always strives to control another: Family heads, Chat room administrators, Employers, Governments

Control is needed. But there is a line between required control and overreaching control. Control is related to power. You can't trust Man to self-regulate with regard to Power/Control/Money/etc. For some strange reason, Mankind needs validation through the control of others.

You'd think the subjects would rebel. However, many subjects like being subjects--they like being controlled. Many "go along to get along." Many go along in the hopes of being the number one flunky. You see them everywhere. They either sicken you; or they're your competition (for the #1 spot); or if you are the Controller, you love them.

A few resist all manner of control that crosses "the line." These folks are a dying breed. The majority ridicule these folks. Most, however, will only resist when the control is too unbearable, usually, by then, it's too late.

My apologies Bquat, I'm stepping down off of my :soapbox:

 

[Bquat]

Great post DBA. I think this morning's -0.5% PPI reading, and tomorrow's official announcement of a negative CPI for this fiscal year (which will carry over into negative news stories tomorrow about unhappy social security and disability recipients) is more evidence that deflation is setting in, and that will be one of the main reasons for the approaching stock market nose-dive once it's recognized a (hopefully mild) recession can't be avoided. Walmart's news today was more evidence.

I plan to listen to this interview tonight since I have a subscription that hasn't quite run out yet...
Michael Lewitt Sees a

I think bonds will finally peak (and rates hit bottom) next year, and that will coincide with the stock market bottom...but like you I'm concerned about the Fed's recent trial balloon they let go to see how the public would react to the idea of negative rates...and there seemed to be no concern...great idea!...let's have banks start charging us interest "fees" just to hold our money! That's probably a main reason gold is breaking out to the upside now as well.

Walmart gave in to pressure from the news stations and labor force pushing for higher wages. They put out that their profit margin will be flat in the coming year. Their margin is being hurt by labor costs and on line shopping. What happens when a brick and mortar business can't show profit? Look at Sears and Kmart . Close all non-profitable stores and sell on line. A can of worms may be opening up. Now this is just my opinion.

 

[userque]

Walmart gave in to pressure from the news stations and labor force pushing for higher wages. They put out that their profit margin will be flat in the coming year. Their margin is being hurt by labor costs and on line shopping. What happens when a brick and mortar business can't show profit? Look at Sears and Kmart . Close all non-profitable stores and sell on line. A can of worms may be opening up. Now this is just my opinion.

Also consider, had they not given in: strikes, unionization, boycotts, etc. could have made the situation worse. EDIT: They simply acted in their own best interest...as all big businesses do.

Further, their margin is also hurt by executive pay...but nobody mentions that much...because the news doesn't mention that much.

 

[Bquat]

Here's how online shopping hurts US workers. The consumer finds the product on line. Puts the item on order and either a computer program or an outsource worker from India or Mexico handles the order to a central distribution hub. So you have cut down on labor costs by having no cashier or stock boys in all the stores. You ship Fed-ex or UPS so you don't have to have drivers or vehicles to deliver to all the stores and you get a cut rate because they're traveling there already. Plus if transport cost cut into profit margin you can charge the customers. Just a thought.

 

[Bquat]

Question time: Is this a failed triple top breakout on the lower high line and a failed move on the 50 Day? Or can this just be a bull flag to a drop and pop on the 18 Day test or did the Walmart news scare traders? Just a heads up because the red line should of been support:

 

[FogSailing]

I hope it's a bull flag...

FS

 

[Bquat]

I hope it's a bull flag...

FS

Looking at the Futures it probably is.

 

[shitepoke]

BQ- what was the support bounce off of in the S. Any significance...
E

 

[Bquat]

BQ- what was the support bounce off of in the S. Any significance...
E

No but I did put a blue line there. It may be bad news yesterday is good news against a FED rate hike. It may be good that we broke the Lower High again but I really don't know anymore. So for Friday I'll just put a yellow line on the chart where there may be resistance or not::blink::blink:

 

[Mcqlives]

No but I did put a blue line there. It may be bad news yesterday is good news against a FED rate hike. It may be good that we broke the Lower High again but I really don't know anymore. So for Friday I'll just put a yellow line on the chart where there may be resistance or not::blink::blink:

"I don't know" sums it up for me too! I thought the trans were dead on for a leading indicator but then we had today's action which drug the trans up by it's nose hair!

 

[Mcqlives]

No but I did put a blue line there. It may be bad news yesterday is good news against a FED rate hike. It may be good that we broke the Lower High again but I really don't know anymore. So for Friday I'll just put a yellow line on the chart where there may be resistance or not::blink::blink:

So was today consolidation or fizzle?!?! Monday will be the tell. Have a great weekend!

 

[Bquat]

No but I did put a blue line there. It may be bad news yesterday is good news against a FED rate hike. It may be good that we broke the Lower High again but I really don't know anymore. So for Friday I'll just put a yellow line on the chart where there may be resistance or not::blink::blink:

Another Friday here and I really don't know anymore, still. So for Friday I'll just keep the yellow line on the chart where there may be resistance or not::blink::blink:

 

[Bquat]

Hmm, still counting lower highs are we? Something has to give::worried:

 

[Mcqlives]

Hmm, still counting lower highs are we? Something has to give::worried:

I'm wondering if seasonality will rule the trans and we see a breakout?

 

[Bquat]

No but I did put a blue line there. It may be bad news yesterday is good news against a FED rate hike. It may be good that we broke the Lower High again but I really don't know anymore. So for Friday I'll just put a yellow line on the chart where there may be resistance or not::blink::blink: Another Friday here and I really don't know anymore, still. So for Friday I'll just keep the yellow line on the chart where there may be resistance or not::blink::blink:

And the yellow line continues into Monday:

 

[Bquat]

I'm wondering if seasonality will rule the trans and we see a breakout?

Maybe? So is this a long enough time frame for a cup and handle::smile: Anybody?

 

[Mcqlives]

Maybe? So is this a long enough time frame for a cup and handle::smile: Anybody?

Nice catch! I have been looking at the trans a lot the past 2 weeks and didn't even glimpse that pattern til you posted it. Not a typical "cup" but at this point I'll take any pattern I can find to make sense of what is going on.

I hope this week continues to trend up with the fed meeting pending...but with China doing another QE step I don't think the fed will raise rates yet.

I hope you and yours are doing well and staying dry!

 

[Bquat]

Nice catch! I have been looking at the trans a lot the past 2 weeks and didn't even glimpse that pattern til you posted it. Not a typical "cup" but at this point I'll take any pattern I can find to make sense of what is going on.

I hope this week continues to trend up with the fed meeting pending...but with China doing another QE step I don't think the fed will raise rates yet.

I hope you and yours are doing well and staying dry!

I'm as far west as you can get in Texas. It will be East of me.

 

[Bquat]

No but I did put a blue line there. It may be bad news yesterday is good news against a FED rate hike. It may be good that we broke the Lower High again but I really don't know anymore. So for Friday I'll just put a yellow line on the chart where there may be resistance or not::blink::blink: Another Friday here and I really don't know anymore, still. So for Friday I'll just keep the yellow line on the chart where there may be resistance or not::blink::blink:
And the yellow line continues. Will the FOMC meeting on interest rates be good news that's bad news or visa versa. Anyway we must hope something happens to pop this because flat tops can bring big drops. So here we go with another news related market day::cheesy: