Thread: Bquat's Account Talk

Yes, I guess I do draw charts a little biased towards the outcome I want. If the bullish out come of the green chart was to be it would be happening already. (Jan 21 12:31 chart)

Originally Posted by Birchtree

Twenty points tomorrow puts us at 1864 - new uncharted territory for the blazing. The Japanese buyers will arrive early and play all day.

1853 or better would be good for you guys. I want the up move a week from now.

Originally Posted by Bquat

Still thinking we're coiling up for bigger move. I'm picking downward. I did widen my white channel.

Finally the futures may agree with me. What happened? Double top or bad news? S&P 500 Live Chart

Originally Posted by Bquat

Clean chart for today: I'm speculating with the yellow isometric triangle and taking the last peak as a false breakout. 40/60 chance that I'm right.

Ok primary downward movement made. 1% hesitation made. Now maybe a secondary drop 40/60 chance so look out!

Originally Posted by Bquat

The chart shows that I might be behind the power curb. It looks like a bullish pattern but I don't trust the green. I lean toward the white channel. I have been wrong but Spidey got nervous and I lost a couple percent not following him before. This is the case of waiting for the first shoe to drop and I'm preempting it. You can always laugh later.

Got to love the new spider. Thanks Spidey.

calling a bottom??? JTH's pick (old info now?) of 1808ish seems a little low to me unless things really pick up steam.

Originally Posted by Mcqlives

calling a bottom??? JTH's pick (old info now?) of 1808ish seems a little low to me unless things really pick up steam.

No the green line is a good QE bounce point 60/40 chance but JTH's call may be the QE Taper call.

And don't forget the possibility the fed is going to its negative interest on banks. If they do that the banks will be sitting on money (ballpark of 3 trillion I think) that is not working for them and they will be pushing out loans that will get capital development rolling fast. This will counteract any negative bias the tapering will have for months to come.

Originally Posted by Mcqlives

And don't forget the possibility the fed is going to its negative interest on banks. If they do that the banks will be sitting on money (ballpark of 3 trillion I think) that is not working for them and they will be pushing out loans that will get capital development rolling fast. This will counteract any negative bias the tapering will have for months to come.

You may be right there with the rules being changed where they can't speculate with there money and have to lend it to get profit instead of investing it in the market.

Originally Posted by Bquat

You may be right there with the rules being changed where they can't speculate with there money and have to lend it to get profit instead of investing it in the market.

I think it will happen...right now they are just letting it sit and the fed pays them .25% for doing it. If they get that taken away that money will flow again. IMO The only question is when.

Ah yes, the market is trying to reenter the channel from below. Could happen because primary drop was met. I'll have to keep an eye on the pink line. You watch it a while. I'll make make coffee.