Thread: Bquat's Account Talk

Originally Posted by Bquat

Ok, we are there. Now to see if the last peak line holds. Guess Ben said the right things yesterday.

I had 1692 as a "must break" line for this bull to continue. It did it today but did not hold to the close. I would have liked to see a close above 1690 for a cleaner draw but oh well! Now I am redrawing and am thinking we will see an exhaustion sell off tomorrow or Monday before resuming the run. Hopefully I can catch that sell off and go back in (I'll go S this time).

On the negative side, I am seeing reporting on the actual "work force" numbers as opposed to the unemployment numbers. The percentage of people working today (out of those able to work) are pathetic. If the reporting gets footing in the mainstream it could get ugly for the markets.

Originally Posted by Mcqlives

I had 1692 as a "must break" line for this bull to continue. It did it today but did not hold to the close. I would have liked to see a close above 1690 for a cleaner draw but oh well! Now I am redrawing and am thinking we will see an exhaustion sell off tomorrow or Monday before resuming the run. Hopefully I can catch that sell off and go back in (I'll go S this time).

On the negative side, I am seeing reporting on the actual "work force" numbers as opposed to the unemployment numbers. The percentage of people working today (out of those able to work) are pathetic. If the reporting gets footing in the mainstream it could get ugly for the markets.

Ok:

Still waiting for a pull back. Thought the higher low line was breaking and then the old higher High line. Still some fight left at this level. Until our deadline.

Originally Posted by Bquat

Still waiting for a pull back. Thought the higher low line was breaking and then the old higher High line. Still some fight left at this level. Until our deadline.

My prediction for the day. At 1:00PM we will see the markets sell of or rally to new highs!

Have a great weekend all!

Originally Posted by Mcqlives

My prediction for the day. At 1:00PM we will see the markets sell of or rally to new highs!

Have a great weekend all!

Now you're sounding like a financial advisor. Sounding profound and hedging your bets. I think the move is starting right now but we won't see it until 12:06.

Ok, what I am trying to show here is that bad market news comes out or the one of the Fed have a comment and the market moves in the futures and the markets opens follow. This is what I'm trying to show, the QE or free money is more important than anything else. Technical Analysis isn't working and QE has made buy and hold feasible. So I'm hoping this first down move in the open has made a fundamental change. As if that would happen.

Originally Posted by Bquat

Ok, what I am trying to show here is that bad market news comes out or the one of the Fed have a comment and the market moves in the futures and the markets opens follow. This is what I'm trying to show, the QE or free money is more important than anything else. Technical Analysis isn't working and QE has made buy and hold feasible. So I'm hoping this first down move in the open has made a fundamental change. As if that would happen.

I agree...but now you sound like a financial adviser!

Originally Posted by Mcqlives

I agree...but now you sound like a financial adviser!

You haven't left yet? Just looking to see what I can come up with next.:toung:

Originally Posted by Bquat

You haven't left yet? Just looking to see what I can come up with next.:toung:

I may try to take a federal friday this afternoon but I am never caught up. Besides, I am watching my TSP very closely as I am hearing buy-out rumors.

So are we topping or going for another pop after the double top? We at least we did pop during the futures. Can we break the 5 year channel? Inquiring minds want to know? I want to know? You want to know? Coffee's ready.

More companies are buying back their shares - we are headed for a share shortage as well as a yield shortage. Buy now for the ride to the top.