Thread: Bquat's Account Talk

Well I'm back. Well at the bowling alley.

Looks like dip buying under the 200 DMA again. Without going over previous support at 1100. This may be only a lower high setting in. Buy at resistance get them to follow and sell for profit. This has been happening lately and people lose to big money. Me I'll wait for confirmation. Better to miss a small gain than....

And going into the last 1/2 hour we have a rally. The VIX has got to be worn out after a day like today! I did not think we would break 1097 today and we are over it for the second time now...maybe we can finally start looking for a low?

Originally Posted by Mcqlives

And going into the last 1/2 hour we have a rally. The VIX has got to be worn out after a day like today! I did not think we would break 1097 today and we are over it for the second time now...maybe we can finally start looking for a low?

Wonder if the sharp rise was news-triggered? I didnt hear anything but Im still checking it out.

Wasn't such a small gain after the big move up in the closing hour of the day...

Originally Posted by Mcqlives

maybe we can finally start looking for a low?

I think that is what the big boys WANT you to think...

Originally Posted by RealMoneyIssues

Wasn't such a small gain after the big move up in the closing hour of the day...



I think that is what the big boys WANT you to think...

That is what I am wondering as well...what news I saw was is just the same ol' bs that has been going on over the past few months. I, for one, expected this low some time ago and am getting tired of the same news driving things up, then down, then up, etc...

As for what low I am looking for, I don't believe today was it. I am just saying that, hopefully, we are close timewise.

Maybe an automatic computer programmed buy switch was triggered at the end of the day?

The news is that EU bankers are working on another plan - they'll get it right one of these times.

Originally Posted by Happy Trails

Maybe an automatic computer programmed buy switch was triggered at the end of the day?

It was computer programs, the Bears have over shorted the market and when the Bulls bought the news they had to cover, so you had double volume buying. Its just good news happening exactly when almost everyone was predicting the market to go down. Could this be enought to restart a new bull rally? I think not because this was a lower high and there is still, even though it may be small, resistance right above us. The wave did wake up all us frogs and there was a disterbance in the force. I'm still a little bearish but may be cohersed to jump with a higher high from here. 1130ish

Remember in August we had a 2100 point drop in the Dow and it happened in just a little over two weeks. So who knows how much power will show up as rocket fuel - no matter, I'm a buyer regardless.

Not being a smartass here, birch, but when would you stop being a buyer

Originally Posted by cak165

I appreciate all the technical analysis all of you have provided but I think we have to throw all of that out of the window when the next shoe drops (Greek default followed by a bank run on Italy and Spain, and/or possibly a Chinese bubble crash), all support and resistance levels will be vaporized. I don't know if it makes much sense to look at support and resistance levels when the market is ruled by so many external factors and trading bots.

Did you see where that guy came up with 1076 and I didn't know of it until I redrew for it and it turned out as the bounce area today. It turned out to be a major turning point as some turned bullish here.

I have to admit the news had a lot to do with the last hour buying but it did turn before that. I'm not in so I hope this was just buy the news and we go down again. I missed a 4% gain but I also missed the 4% loss the day before. Even steven?