Thread: Bquat's Account Talk

Ok Steady there you go!

Ok, don't make me have to repost support levels!

Make it back up to 1320. Don't give me the lower high.

Bulls buy this dip, right?

Well TSP talk was down for a while for me. Markets went up while my last post was going through.

So, did I do that?

Darn it looks like 1320 does want to reestablish itself as resistance.

Maybe Birch is out buying flowers and we'll see a rise as he buys.

It's been a while since a seen a page without a post from him.

Birch is playing the Movie Game.

Originally Posted by jpcavin

Birch is playing the Movie Game.

I thought he was busy reading Steady's post. There long sometimes but fun to read if your a reader or writer.

I am new so I read EVERYTHING! And yes, I find myself looking forward to reading some of the posts.

Alrighty then. If you look at the S&P (SPX) over ten days, you see a four day high base formed around the 1320 level. My opinion is that this bullish and that the S&P should go up from here. If the bears wanted to take over we would have gone down 1% or more today.

This is just what my thinking is and what do I know?

Resistance 1325, 1327, 1330 strong, 1385 and 1400.

Just showing resistance because I'm 60/40 bullish.

Good luck and what do you think?

I think you should keep trying to guess what the market might do and build confidence as your guesses improve.It might make good practice for future decisions.

I am clueless because I don't know what effect current events have on the market. For example: Inflation vs recession, war vs peace, dollar value vs dollar devaluation, unemployment down vs unemployment up, interest rates increasing vs interest rates decreasing...etc

Looking at the charts, I see that the SPX topped around 1527 in March 2000 and 1557 around Sep 2007. I see where the SPX is hovering around 1320 so it's possible for it to reach preivious highs. However, how do I know which direction it's going? Which particular events have an inpact on which direction it goes?

I think I need to create a flowchart...LOL

Originally Posted by jpcavin

I am clueless because I don't know what effect current events have on the market. For example: Inflation vs recession, war vs peace, dollar value vs dollar devaluation, unemployment down vs unemployment up, interest rates increasing vs interest rates decreasing...etc

Looking at the charts, I see that the SPX topped around 1527 in March 2000 and 1557 around Sep 2007. I see where the SPX is hovering around 1320 so it's possible for it to reach preivious highs. However, how do I know which direction it's going? Which particular events have an inpact on which direction it goes?

I think I need to create a flowchart...LOL

Watch the videos in poolman's thread each night. The stockmenter and free online trading education will help you learn. The others are for people doing more for active trading. Try these free sites.

http://www.freeonlinetradingeducation.com

http://www.thestockmentor.com/market-videos

http://www.alphatrends.net

http://www.buysellshort.com/category/videos

Thank you B! I will definitely do some reading tonight. Much appreciated.