Thread: Bquat's Account Talk

Originally Posted by Bquat

Oh maybe 255 or lower.

Ok I dug down and found you. Maybe I will get there first. But if so it will likely be due to people passing on their way down and pushing me up.

Originally Posted by FAB1

Ok I dug down and found you. Maybe I will get there first. But if so it will likely be due to people passing on their way down and pushing me up.

I think you did a good move getting out and you did catch some good while you were in. I think something is brewing. It moved up so fast that it may be a bull trap, but if 1313 can hold tomorrow and Monday, we may be forming the new bull channel. I'll make a new simple chart tomorrow. I now have IFT's again but may be more careful since the last move in F was kind of a loss because I didn't get out in time. I am getting better and can sit on the computer chair now and can read the posts and watch the videos. I feel like the market may start to move a little better for TA types. No FAB thats Technical Analysis, dude.

Originally Posted by Bquat

... It moved up so fast that it may be a bull trap, but if 1313 can hold tomorrow and Monday, we may be forming the new bull channel. I'll make a new simple chart tomorrow. ...

Boy was I off on the 1313ish close yesterday. And no one looks to be taking any profits this morning. Now, 1332 just acted like a brick wall but a narrow band is there with 1330 providing a little line of resistance. ISM came in nice...now if transports can give a boost the bull channel may become reality. China's ISM has really dropped over the past couple of months though so I am sticking in S for now with a close eye on C.

If we break the 1332 today I don't know if we have enough to get to 1345. Do you think we can get there? Thoughts?

Glad you are doing better!

The first four trading days in July may be a shock and awe to force short covering. When the VIX drops below 15 (currently 15.44 -1.08) there will be a rush of mom and pop money coming out of money funds and low interest paying bonds. SPX 1370 can come up real quick now that the economic soft patch may be firming. I'll take all this action.

Bill
Haven't seen you around in a while. Glad to see you're back in the game. But you're gonna have to keep up with me.

Looks like these Cloud tops are flattening out...when we get a nice thunderhead then the Downpour.

at least 25 whent to the G fund today, will today's buyers be all wet come Tuesday?

Originally Posted by FAB1

Looks like these Cloud tops are flattening out...when we get a nice thunderhead then the Downpour.

at least 25 whent to the G fund today, will today's buyers be all wet come Tuesday?

That's 25 possible slots on the tracker for me.

Originally Posted by jpcavin

That's 25 possible slots on the tracker for me.

Silly Wabbbit - Only if all 25 were ahead of you! Der!

Originally Posted by FAB1

Silly Wabbbit - Only if all 25 were ahead of you! Der!

LOL. Thought of that already. Gotta count the F funders as well....They're not going anywhere today.

We guys I'm in the G and see some resistance where the S&P is right now. I just watching from the sidelines and missed this 4%. Oh well, miss of gain is better than a loss.

Well I'm a little concerned right now for some profit taking with the quick rise lately even though this may be the start of bull activity.

My levels and simple chart:

1355 Possible Double top
1349 Resistance
1345 Resistance
1340 Resistance
1330 Support
1320 Support
1313 Support
1295 Possible double bottom

What do you guys think?

I'm going to be careful right now and hope this isn't a super train and there is a stop in the station shortly.

Do you like my simple charts?

You must know there is a strong possibility that the market does not look back for the rest of July - simply to punish the bears. I don't know if I'll make money during the next 4 trading days but the truck is loaded just in case.