Bquat's Account Talk

[shitepoke]

Dang thats a sweet chart...much appreciated...So Bquat and Coolhand are bullish...I like it
EJJ

 

[Bquat]

Ok try again. Friday chart:

 

[Mcqlives]

LOL...Time for a redraw! And this time it is all for good reasons!!!!!!!

 

[Mcqlives]

LOL...Time for a redraw! And this time it is all for good reasons!!!!!!!

I may have spoke too soon...back into the box and the golden cross may be getting negated. This sucks, 45 minutes till cut-off and this much uncertainty! I wish we could set buy/sell point!

 

[Bquat]

I may have spoke too soon...back into the box and the golden cross may be getting negated. This sucks, 45 minutes till cut-off and this much uncertainty! I wish we could set buy/sell point!

Didn't even test the top of the rectangle pattern. Doji pattern usually means topping out but this resent move has had a few, so I be going with bulls with hesitation::cheesy:

 

[shitepoke]

BQ...any top guesses...did the 200 and 50 day crossover? and what does that mean...was trouble when 50 passed through the 100 drawn in the circle on chart...EJJ

 

[Bquat]

BQ...any top guesses...did the 200 and 50 day crossover? and what does that mean...was trouble when 50 passed through the 100 drawn in the circle on chart...EJJ

Market hasn't been making my P 1 levels much but you never know.:suspicious: Did you notice that my 100 day went from declining to rising on my 50 day cross. Golden cross is sometimes very bullish but a lot of people are not promoting this one and Doji's can be a topping pattern. P 1 level 40/60 chance::notrust: There be my guesses and JMO.

 

[tbx1203]

Market hasn't been making my P 1 levels much but you never know.:suspicious: Did you notice that my 100 day went from declining to rising on my 50 day cross. Golden cross is sometimes very bullish but a lot of people are not promoting this one and Doji's can be a topping pattern. P 1 level 40/60 chance::notrust: There be my guesses and JMO.

I think this bullishness is a trap, to pull in more investors, before coming down. I'm watching for S&P to hit 3000ish area...we are very close. I should have taken some off...risk vs reward.

 

[Mcqlives]

tbx1203...you got some serious sticky pants if you are looking for 3000 before a pull back. I won't wait for the 3000 level to get hit before my pucker-factor hits maximum capacity and I bail to the G fund. I almost pulled the trigger twice this week to head for the pad but the embedded scenario has kept me in. Today may have broke that scenario to the upside...but maybe not enough. 50/200 is so close to calling a true golden cross but, like Bquat, I can't say this one is a bullish promoter. I hope to get another % or 2 upside next week and then, unless we get something good to indicate solid upside direction, I'm gone to G to wait and see.

 

[tbx1203]

tbx1203...you got some serious sticky pants if you are looking for 3000 before a pull back. I won't wait for the 3000 level to get hit before my pucker-factor hits maximum capacity and I bail to the G fund. I almost pulled the trigger twice this week to head for the pad but the embedded scenario has kept me in. Today may have broke that scenario to the upside...but maybe not enough. 50/200 is so close to calling a true golden cross but, like Bquat, I can't say this one is a bullish promoter. I hope to get another % or 2 upside next week and then, unless we get something good to indicate solid upside direction, I'm gone to G to wait and see.

3000 is about another 2-3%. I'm not that far off from ur 1-2%. I was saying I should have taken some off the table today.

 

[Mcqlives]

Lol...I read your post and saw my % was left empty. There was supposed to be a “1/4” there and I see that I phrased my post poorly. I meant to say that I hope to get another 1/4 to 1/2% next week. Then I will get too worried and bail. And I agree with your planning on taking some off the table. ...I should have reduced exposure as well.

I’m getting to the point where I am out of the markets as much, or more, as I’m in. This means I have only made about half of what the S&P has made since Christmas. But I’m good with that considering I was also nicely in the plus column in 2018.

Have a great weekend all!!

 

[Bquat]

The breakout from the rectangle pattern is not as bullish as I was expecting.:suspicious: I am really not seeing weakness either. We are still embedded but we will see what happens. Playing with a midterm channel as consolidation continues:

 

[Mcqlives]

I'm seeing the same...hoping for a break to the upside but every day that goes by I am feeling it less and less. RSI is showing topping action even though we are still embedded. IMO..the longer that exists the less likely we break to the upside. Today's gains may wash yesterdays market movement and then let us start fresh tomorrow. I will wait to make a decision on getting out, or staying in, for another day!

 

[Mcqlives]

2895 to 2900 (on S&P) range seems like it may be setting up as the new floor...at least until it breaks apart. Waiting, again, another day. Good luck everyone!

 

[Bquat]

I have no idea why the S Fund was effected the worst while the Dow was only down a little.:suspicious: I do think we are at support::blink:

 

[Bquat]

Any comment on what happened?

 

[Whipsaw]

Not sure why the drop, but dip buyers are stepping in.

 

[Mcqlives]

I just played around with some 6 month charts. I’m becoming more of a believer the top is right in this area. If it would take today I think I would’ve bailed to the pad.
Have a great Easter weekend everyone!

 

[tbx1203]

I just played around with some 6 month charts. I’m becoming more of a believer the top is right in this area. If it would take today I think I would’ve bailed to the pad.
Have a great Easter weekend everyone!

I went 50% s&c, then 50% f. Did it 2 days ago.

 

[blueroadster]

I went 50% s&c, then 50% f. Did it 2 days ago.

What about the other 50%...G.