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Reply With QuoteOr was that triple soldiers bullish pattern?
Re: Bquat's Account Talk
Wow, what a good time to ask that question. Right now I'm in the neck out trading mode. We're right up against short term major resistance but in a high base with a bullish move into the close. Interpretation is that we are right up against the top of the channel just below where the triple top failed move was and where one should think we're at the top of this move. With the last two days up, the second day better that the first, I think we are in the start of a bull move. If we can get more than a one percent move again tomorrow, we can have a triple candle white horse super bull patern or something like that.Originally Posted by Mcqlives
Now the bad. Todays move is mostly helped by the news that there's a chance of a deal. There's million and millions of dollars being held back by big money just waiting for a deal. If any news comes out in the wrong direction can crush this bull move like a house of cards.So I'm bullish with a knife at my back. That's why I wish we had stops. Too much risk to be in and too much risk to be out. When we flip the coin I hope it's two headed. I don't think there's many following this move.
So what you think? Too much risk? I have 1440 light blue to be tested and maybe a new high if it holds.
Don't bias your charts.Show support and resistance. My comments and charts are not trading recommendations.
Re: Bquat's Account Talk
Or was that triple soldiers bullish pattern?
Don't bias your charts.
Re: Bquat's Account Talk
20 Day should cross the 50 Day today or tomorrow. Isn't that bullish in itself? Should't we make a new high?
Don't bias your charts.
Re: Bquat's Account Talk
Yes, yes, and yes. A 10 point gain on the SPX to 1456 would be spectacular by end of day. I'm going to go chase a few wall flowers to make JTH happy.
Re: Bquat's Account Talk
I think that this best sums up all of our market predictions...
?
Re: Bquat's Account Talk
Thanks Boner!!! (just a nickname for him)...He could have said that crap this morning!
Re: Bquat's Account Talk
Yeah, but then you would of had an opportunity to act on it in your TSP account.
Allocations as of COB Dec 28 : 100% S. | Retirement Date:Dec 2025
Past Returns: 2020 31.85%,2019 27.97%,2018 -3.36%,2017 13.10%, 2016 -1.79%, 5Yr Avg 12.61%
Re: Bquat's Account Talk
Try again tomorrow unless the down move is confirmed.
Don't bias your charts.
Re: Bquat's Account Talk
I think I'm riding it out. You?
Re: Bquat's Account Talk
I just chickened out with todays weakness. Mobile right now but seeing itt go down again got me thinking.
Don't bias your charts.
Re: Bquat's Account Talk
With the comments by the President and house speaker I'm not chancing it..Might be sale off for 2012 tax rate.
Don't bias your charts.
Re: Bquat's Account Talk
I saw that I was at a less than 4% loss for the year. Finally under 5% since April so protecting it. I could be completely wrong but why risk it. Besides the little up turn may be the handle for inverse Cup and Handle and I have one IFT left if we go bullish. Round top market drop.
Last edited by Bquat; 12-20-2012 at 11:55 AM.
Don't bias your charts.
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