Thread: Bquat's Account Talk

Might be sooner than later, I can't believe Wilshire 4500 gained a whole 1.0%.

Originally Posted by Bquat

Yes they did and when she said that we weren't in a stock bubble the market took off. I would like a test on the rung or some sideways movement to build strength for the next level. You never know shorts can capitulate like me and we can pop. Most likely a little pull back in the morning and then back up.

Who said that? I was 2 days off though.

Originally Posted by Mcqlives

And I was looking at that as a point to take some back off the table...

My mind changed when we retook the 20 day and I figured a low volume drift up pre-holiday. When the 50 day held with the on slot last night and we didn't have a big down spike, I got more bullish. I know this may be a low volume rally but the dip was bought. I am going with the theory that we move sideways and high base on 1825 or above (rung) and wait for the 20 day. Even though the 20 day crossing the 50 day isn't the golden cross, for me it says short term has shook off the bear and becomes bullish. At the same time the midterm becomes neutral and the longer term damage is on ignore because the 50 Day didn't have enough time to go into a decline. Hopefully the market will have a little bullish hue as volume returns next week. Ah, you know me, I look for good stuff when I'm in. Here's the chart: It's maybe drawn slightly bullish because it is. There was a major change in things with the 50 day holding. Many did not expect it.

Now that I overly bullish-ed myself, remember the top of the yellow channel (lower highs line) can be quite strong. That's why I want to cross it sideways by default.

Tomorrows chart:

Here is the S&P 3 month candlestick...I came up with couple of comparisons to your chart.... One agrees with your sentiments but the other sees an increased potential for a failed retest of the highs. Do you see what I see or am I just being cautious now that I have a few percent under my belt this year

There is always a urge to save profit. You just have to weigh risk level. 50/50 chance of us topping at the yellow line and 60/40 chance of double topping. So the risk is there but with a tested 50 day just below us I'm just wanting to watch to see if it happens to save an IFT to go more in. Now a little insight to my ladder's height and you thought it was random: I am taking risk but this is what I'm taking a chance on.

Even though the futures are only down a little bit the M for murder pattern has me concerned. S&P 500 Live Chart

Hey guy. I borrowed 10k to build mine in 2000. I wish I had borrowed more. you pay it back interest free! the only problem is how much will you lose by not being invested.

Originally Posted by jaybro61

Hey guy. I borrowed 10k to build mine in 2000. I wish I had borrowed more. you pay it back interest free! the only problem is how much will you lose by not being invested.

Hey back guy. I'm trying to figure the context of you post. You may want to reply with quote so I can see what you're replying about. Thanks for the early post to get my thread back on top.

Originally Posted by Bquat

Now that I overly bullish-ed myself, remember the top of the yellow channel (lower highs line) can be quite strong. That's why I want to cross it sideways by default.

Remember we're not looking for a big up day here. We just want to accomplish the above mission today and for 1825 to hold all day long.