Thread: Bquat's Account Talk

I can't figure what has driven the market up like this. Short of adopting BTisms when charting this market should be considerably lower IMO. Bulls vs bears for a trend is open to discussion but I don't get yesterdays action at all...and if the responses are that Russia stopped its maneuvers on the border of Ukraine then the market is much more gullible and full of stupid investors than I ever thought was possible. Of course here I am out of the markets and not making money so maybe I am the stupid one.

Bear's last stand - hold'em or fold'em and yesterday they took down their tents and went home to their caves. They won't be back any time soon.

Originally Posted by Mcqlives

I can't figure what has driven the market up like this. Short of adopting BTisms when charting this market should be considerably lower IMO. Bulls vs bears for a trend is open to discussion but I don't get yesterdays action at all...and if the responses are that Russia stopped its maneuvers on the border of Ukraine then the market is much more gullible and full of stupid investors than I ever thought was possible. Of course here I am out of the markets and not making money so maybe I am the stupid one.

It might have been the droves running from the international/european markets to the good ole stable U.S.A. Really!

Actually it might not be a bad idea to buy some of the "I" fund right now. Also notice the Bollinger Bands have been very broad for quite sometime..on the market indices. Kept thinking they would contract to start the next wave and a buy in opportunity, but its just not happening. So if the market does not drop later this week or on Monday (for a buy in) then will need to reassess whether my strategy needs a major tweek!

So what typically happens to prices when the BBs are broad like this and bowing out? They are broad and expanding outward with price on top side so to me that indicates price will continue a steady move upward... its been that way for 2 weeks. I stayed out because it was wide, but the bowing out is what makes it look like this is not your typical sideways (up and down) volatility going on leading into the next wave. Looks like just a big broad wave.

Since Friday to Tuesday were driven by the stuff happening in Ukraine with Russia, today and the rest of this week should be better indicators on trend. hummm... I think.... jobs report tomorrow, unemployment numbers Friday.

Originally Posted by Bquat

Touched the top of the channel. A F flag is bullish until what?

Ditto:

If we don't break out today, I have chosen my entry level of 1862. This is my expert opinion. Well at least my opinion. I am in a buy the dip mentality, now that the mid term damage is healed (20 crosses 50). Yes my entry is only 1% down buts it's an Inverse H&S prediction now. I think bonds are getting ready to move into equities as winter storms breakup. As always, since expert I be not comment you will, yes?

Ok to be honest this is where I got the bond rumor. Live With Oscar

Originally Posted by Bquat

If we don't break out today, I have chosen my entry level of 1862. This is my expert opinion. Well at least my opinion. I am in a buy the dip mentality, now that the mid term damage is healed (20 crosses 50). Yes my entry is only 1% down buts it's an Inverse H&S prediction now. I think bonds are getting ready to move into equities as winter storms breakup. As always, since expert I be not comment you will, yes?

I will be out of pocket in the morning, so the decision my be your's because I may be on hold. Now on the jobs report. Good is bad, bad is bad.

Originally Posted by Bquat

I will be out of pocket in the morning, so the decision my be your's because I may be on hold. Now on the jobs report. Good is bad, bad is bad.

bad news is good for the market

good news is good for the market

Doesn't matter...

Originally Posted by RealMoneyIssues

bad news is good for the market

good news is good for the market

Doesn't matter...

I hope that is still the case because I am ready to make mo moneyyyy!

Back in pocket for about 15 min. About time for a drop don't you think? I need it right about now. Need 1848 to 1862 for entry.

I wouldn't bet on a drop that low until the Fed meeting. What we can learn from today's jobs numbers is that it's not clear what the FED will do. With a few more critical indicators before the meeting, it'll be interesting to see how this month turns out. Hopefully we fall a bit more before clearing 1,900+ by month's end.