Bquat's Account Talk

[Bquat]

So cross your fingers and maybe new bottom will hold.

 

[RealMoneyIssues]

Transports in a bear flag:

Look at the longer term, its even uglier...

 

[FogSailing]

Let's just hope we don't crash through support at SPX 1993. If we bounce, it should rally. If not, look out below....next stop 1956. The talk is that oil doesn't find a bottom until $25 based on current analysis. That will hurt. If we crash below 1993, I'm bailing and taking the loss.

FS

 

[Bquat]

Have things changed? Are we beginning the Santa Rally? Here's your Christmas charts:

 

[Bquat]

Transports:

 

[Bquat]

Going out for breakfast.

 

[Bquat]

So here's a quick question? Haven't done SPY graph for a while. Does a gap up over the gap down area cancel the need to gap fill? ​SPY with volume at price:

 

[userque]

So here's a quick question? Haven't done SPY graph for a while. Does a gap up over the gap down area cancel the need to gap fill? ​SPY with volume at price:

This is contrary to popular belief, but I don't think gaps "need" or "want" to get filled. Kinda evidenced by the gap over the gap. There are, of course, more logical reasons why I say this.

 

[JTH]

So here's a quick question? Haven't done SPY graph for a while. Does a gap up over the gap down area cancel the need to gap fill? ​SPY with volume at price:

From my perspective, it would be dependent on the index or stock and its own specific behavior towards gaps & gap fills. For instance, I don't pay much attention to many of the gaps we see on the NASDAQ, because it's more prone to selling/buying pressure. In your example, I would focus more on the lower highs and double bottom, it looks like prices are compressing with (what I hope to be is) an ascending triangle.

 

[Bquat]

From my perspective, it would be dependent on the index or stock and its own specific behavior towards gaps & gap fills. For instance, I don't pay much attention to many of the gaps we see on the NASDAQ, because it's more prone to selling/buying pressure. In your example, I would focus more on the lower highs and double bottom, it looks like prices are compressing with (what I hope to be is) an ascending triangle.

Thanks

 

[shitepoke]

JTH- where do ascending triangles "usually" go?? What does it depend on. Hopefully Yellin doesn't yell before the new year...

 

[JTH]

JTH- where do ascending triangles "usually" go?? What does it depend on. Hopefully Yellin doesn't yell before the new year...

Under bullish conditions, I'd say there prone to go up, but with the market's current stats (last peaked in July) I'd give less weight to a ascending triangle.

 

[Bquat]

Merry Christmas guys. I have been mentioning the Christmas rally and to be fair I looked longer term to pinpoint the green line more fairly. I kinda think we're not quite in it yet but with the good weather and cheap gas prices this time of year will be 180 from last year. We should get a Christmas season boom in spending especially in the Northeast. So here is the new green lines that might work: JMG

 

[Bquat]

PS JMG means Just Me Guessing. Feel free to comment. I just had a few minutes to spare on Christmas morning because I still wake up early with the rest of the family being late sleepers.

 

[FogSailing]

Thanks!!I hope we kick some Green Line butt BQ!!!Hope all had a wonderful Xmas and now we look forward to a New Year!!

FS

 

[shitepoke]

BQ- hope yer enjoyin' the holidays...
also, thanks for the time you put in for the forum even if'n you would do it for yourself anyway...
what lines and which charts are you looking at as MOST significant next week. i'm wondering about the 50 day line in S-Fund...
Eric

 

[Bquat]

Still hoping for the Christmas Rally. Here's an update of the S&P500 since the dip which I think is the leading fund this year:

 

[Bquat]

Off to breakfast.

 

[OBXTrader]

The difference I see in charts is my long term channel is pointing down and this is a counter-trend rally. So, I see your channel as an intermediate channel up.

Should prove interesting today, market rallied yesterday on lowest volume of the year (correct me if I am wrong). Was it oil or window dressing?

Tom's analysis synched with mine, don't want to get caught leaning the wrong way on a head fake. So, was not enough there for me to invest our 401k/457b accounts. Based on my risk tolerance, we are 60% invested in our trading accounts and will stay at that level until reassessing risk after New Year. I am locked out of TSP until January because I sold after meeting this year's 8% goal. It's at 8.55% currently.

Still hoping for the Christmas Rally. Here's an update of the S&P500 since the dip which I think is the leading fund this year:

 

[OBXTrader]

Well, my opinion has not changed on the descending channel, counter-trend, head fake and what happened yesterday. Many international markets are closed tomorrow or close early, so may not get full confirmation that was a head fake. Still should prove interesting as that was a pretty ugly close with weak internals.

The difference I see in charts is my long term channel is pointing down and this is a counter-trend rally. So, I see your channel as an intermediate channel up.

Should prove interesting today, market rallied yesterday on lowest volume of the year (correct me if I am wrong). Was it oil or window dressing?

Tom's analysis synched with mine, don't want to get caught leaning the wrong way on a head fake. So, was not enough there for me to invest our 401k/457b accounts. Based on my risk tolerance, we are 60% invested in our trading accounts and will stay at that level until reassessing risk after New Year. I am locked out of TSP until January because I sold after meeting this year's 8% goal. It's at 8.55% currently.