Thread: Bquat's Account Talk

Originally Posted by Whipsaw

Bquat, what are the best moving averages based on time frame? Still trying to figure that out. Thanks!

The values at top in that chart haven't been adjusted and would be correct for the 4 hour time frame. In the longer charts the 200 and 50 day are important because many look for the cross of the 50 over the 200 as a bullish or bearish trend. In most time frames many take the slope of the fifty as an increase or decrease of fear. IE: If the current trend is down, when price gets to a declining fifty day it has a better chance of crossing it. Whereas if the fifty day has an upward slop the odds are that a correction will bounce back up off of it. Many use the 20 or 18 day as current trend direction. The 100 day is used for where bigger corrections can bounce. I could be slightly wrong on this but you can figure which ones are best for you by watching the videos Nnuut posts daily. Maybe the next time I do the long term I might take the time to adjust them.

Saw a lot of weakness today and saw all the dips being bought. Are stocks embedded and where is all the strength coming from?

Anybody recognize this pattern?

Birchtree's lakefront property looking at sunrise:

Just looked like a house with a front porch to me.

I think I saw one of those things on an Adam and Eve Catalogue I got by mistake....

Originally Posted by Bquat

Saw a lot of weakness today and saw all the dips being bought. Are stocks embedded and where is all the strength coming from?

F flag is bullish until it breaks. Is that happening now? Yesterday all weakness was bought up but by the yellow crossing yellow line at bottom the odds are 60/40 that it should break: In this market who knows.

Dip bought big time. One day out but it can re-embed Monday:

Lately in the last few days I watch the dips in the S Fund be bought up where I thought we were in an over bought condition.. Are we in the volatility to ignore mode phase of the market after a long term consolidation? I'm showing this in SPY where I already have my consolidation box drawn in. I spread it out as far as I could and keep the 4 hour time frame this time. The distance from the outer circles are the same to the center circle. If we are going to have a correction it should be soon but in this financial environment can it happen? Comments welcomed.

I agree with your consolidation box and was thinking along the same lines as it appears you are at the start of the year. I got proven wrong then and am trigger shy now to use the term "over bought". I think you are right...but don't count on it. Here is a recent (Saturday evening) story for ya...

I recently spoke with a financial guru (compared to most of us at any rate) who works at a very large investment company on one of their emerging markets accounts. He said his job got a lot harder after Trump got elected because of anticipated changes in US trade and tax (2 separate, yet overlapping, issues) structures. I tried to follow how these issues affected emerging markets but he lost me (yes...bourbon was being drunk during this conversation). This is what I did understand though...He explained that if the suggestions Trump has proposed come to fruition the US economy has a solid floor to build upon. He specifically described the floor being built coming from the trading we had in mid December through February 1 acting as a consolidation period and said he had thought we would remain in a slight rising wedge pattern or would remain within that consolidation range for a while. He said that the rise in stocks since the first part of February caught him by surprise and his office is still scrambling to figure out the ramifications for his accounts (blah da blah, lost me again). He continued and said that he believes we are in overbought levels and expects to pull back to, at least, the mid 2200's on the SnP and then spoke about the time that it will take Trumps ideas come to fruition as well as energy sector influences and non-US geo-political issues which contribute to the trade aspects. He sounded pretty negative at this point so I though that I would be running for the G fund for months to come...

And then, of course, he threw the caveat in that he also wouldn't be surprised to see a slow grind up from here and another consolidation period begin. Just when I though I had the inside track...oh, well...there's still 1/4 of a bottle of Four Roses left.

Bquat...sorry for the hijack, buddy. Just wanted to share a quick thought this evening...

My wife and I went to a friends funeral today.
He passed unexpectedly last Thursday and left a large, loving, family behind. Today's funeral quickly turned into a celebration of his life which, I hope, helped the family cope with their loss in a healthy manner. I realized how important, long term important, it is for that family to always remember the good times. I know kind words/memories have helperd me in the past....

When we left the lunch I remembered Show-me (can you believe that was in 2013) and also thought of others that used to post around here and may, or may not, be with us still.

This is just a burr in people's ear to remember those that have left before us and who's loved ones may need, or at least appreciate, a kind memory. I plan on finding Show-me's wife's email and dropping her an email...along with several other families who have lost loved ones in the past few years.

Thanks for reading...