Thread: Bquat's Account Talk

We could be placing a nice kangaroo tail and have the SPX put in a higher low on the close - such a battle going on.

What? Coiled for a move.

perhaps but when the moves down are greater tban the up moves we are facing a losing situation. I will hold at my reduced level for a while longer as who knows some serious buying may happen before months end. The buzz is doom and gloom so watch for the opposite.

Originally Posted by FAB1

perhaps but when the moves down are greater tban the up moves we are facing a losing situation. I will hold at my reduced level for a while longer as who knows some serious buying may happen before months end. The buzz is doom and gloom so watch for the opposite.

This double bottom is our last chance before your doom and gloom.

man o' man...I am out of contact for a few days after fridays discussions and things go to crap! I had some major catching up to do on reading this morning. My last two "out" lines have been crossed but, unless we close under 1546 today, I think the damage is done.

Hind-sight being what it is, I wish I had paid more attention to your spidey sense and gotten out on Friday and then I would have gone back in this morning.

Originally Posted by Mcqlives

man o' man...I am out of contact for a few days after fridays discussions and things go to crap! I had some major catching up to do on reading this morning. My last two "out" lines have been crossed but, unless we close under 1546 today, I think the damage is done.

Hind-sight being what it is, I wish I had paid more attention to your spidey sense and gotten out on Friday and then I would have gone back in this morning.

Don't we all. We still need to get out of this low base but I'm hoping a slow building move slowly up to prevent selling and reestablishing support. Not more whipsawing unless it's only up. Slow grind we have plenty of time.

Look at that symmetry this morning. Tell me that is not program driven!

So what would be the catalyst for a breakout above 1590? Easy answer. Earnings. Earnings are in line with expectations and improving. We should see some acceleration in the SPX next week.

Originally Posted by Mcqlives

Look at that symmetry this morning. Tell me that is not program driven!

Yes, there definitely a trading range being followed waiting for user input for direction and we know when that may happen. Post deadline of course. Even though this is a low base, I am encouraged slightly with the bottom tails showing some buying on the slight dips.

Well this is the best sideways movement in days. I think the market is trying to heal. Up before deadline please.

I don't really see anything in the technicals that suggest a repeat of the double digit declines that began in the spring of the last three years. 72% of earnings so far beat earnings estimates. When our current nonsense is over the future beckons.