Thread: Bquat's Account Talk

I am also still concerned with the possibility of an inverted W in the charts. If it goes up we have quite a range to get in on and still make a significant return. If it goes down the risk for hitting a new low is considerable.

Originally Posted by Bquat

I don't trust Fridays lately. Mondays usually show the true color. Sometimes big money pushes up Friday to keep people in over the weekend for Monday preemarket kill. Just my current paranoa. I can't spell.

I think I'll stick to this and it's better to miss a gain than chance a loss. Hope I'm not too happy in the pond.

Will keep an eye out but it seems like it's ringing down to build a low base on resistance and like yesterday it will pick a direction after IFT time.

Besides I still about 9% over the loss of the last two weeks and have the time to wait. Plus I'm waiting for Fab1 to get another 2 % so he can grabe the rope and follow me up if I leave this tranquill pond.

Plus the highs this morning are getting lower on each leg...I don't feel like spinning the wheel either.

Originally Posted by Mcqlives

Plus the highs this morning are getting lower on each leg...I don't feel like spinning the wheel either.

It's forming a triangle and building up for a good move here but I have no clue as to which direction.

Originally Posted by Bquat

It's forming a triangle and building up for a good move here but I have no clue as to which direction.

Can you post what you guys are looking at?

Originally Posted by jpcavin

Can you post what you guys are looking at?

At each other. No not really. What I'm looking at is the S&P 500 daily graph and seeing lower highs and higher lows coming to a point and this is a coiling effect until the bears or bulls win and it should pop in on direction or the other and since we are on top of resistance I think the bull might win and will 1185 hold?

http://investing.money.msn.com/inves...ol=%24us%3aINX

I need to type faster.

Originally Posted by Bquat

At each other. No not really. What I'm looking at is the S&P 500 daily graph and seeing lower highs and higher lows coming to a point and this is a coiling effect until the bears or bulls win and it should pop in on direction or the other and since we are on top of resistance I think the bull might win and will 1185 hold?

http://investing.money.msn.com/inves...ol=%24us%3aINX

I agree with you Bquat, I believe we need to hold 1180 for a bullish sign.

Originally Posted by Bquat

At each other. No not really. What I'm looking at is the S&P 500 daily graph and seeing lower highs and higher lows coming to a point and this is a coiling effect until the bears or bulls win and it should pop in on direction or the other and since we are on top of resistance I think the bull might win and will 1185 hold?

http://investing.money.msn.com/inves...ol=%24us%3aINX

Oh...and where it goes, nobody knows before noon cutoff! Figures!

Are you bailing, Bquat?

Originally Posted by Happy Trails

Are you bailing, Bquat?

Haven't even got in yet and not going to enter today? I'm just chicken lately. See post about Fridays.