Thread: Bquat's Account Talk

So we're still in the coin toss area. By IRA the slow stochastic's are embedded which should be bullish. Yet, we're not moving anywhere. So was the spy in a triple top failed move yesterday? I don't know. So I will leave it up to you to interpret what may happen in the short term. I did supply a yellow breakdown line and a green possible bounce line if we go south. Comment for others especially if you disagree.

Originally Posted by Bquat

So we're still in the coin toss area. By IRA the slow stochastic's are embedded which should be bullish. Yet, we're not moving anywhere. So was the spy in a triple top failed move yesterday? I don't know. So I will leave it up to you to interpret what may happen in the short term. I did supply a yellow breakdown line and a green possible bounce line if we go south. Comment for others especially if you disagree.

I agree...unfortunately. I wish someone could call this one but this is straight up a coin toss with consolidation vs topping equally matched. The one thing that I see beginning to be indicative of topping is the trans action yesterday. But even that wasn't indicative enough for me to say for sure.

Oh Gawd, you guys are so high octane, the stress is getting to me, today's open may have done it for me for a while. One week left in the month and can get out and get back in if I want. Catching a falling knife in front of whatever -- Whatever! -- BS surprise weekend move may be coming out of Europa land makes for more nerves. Predicting those BS heads is like predicting a total drunk veering away from a lamppost. The volatility of openings has lately been increasing monotonically. 'Nuff said. Us retirees don't need stress. And don't want to lose $.

Originally Posted by Bquat

So we're still in the coin toss area. By IRA the slow stochastic's are embedded which should be bullish. Yet, we're not moving anywhere. So was the spy in a triple top failed move yesterday? I don't know. So I will leave it up to you to interpret what may happen in the short term. I did supply a yellow breakdown line and a green possible bounce line if we go south. Comment for others especially if you disagree.

So we finally got the coin toss with the Eu flipping the coin...but are the markets just responding in a knee jerk reaction? I'll take the gain but will be even more cautious going into the last trading week of the month. Have a great weekend!!!

Originally Posted by Mcqlives

So we finally got the coin toss with the Eu flipping the coin...but are the markets just responding in a knee jerk reaction? I'll take the gain but will be even more cautious going into the last trading week of the month. Have a great weekend!!!

I must agree. Caution is key. The charts for equities still look promising, but the SPX intraday low touched 10 day EMA!and closing price closed just under its 2-3 day EMA channel.... So there may be some consolidation next week but overall still looks like it could keep floating up. This is where it's tough to stay in. Will Consider taking some off the table, but I got in early for the rise so not as much pressure to exit early. Will see!!

Originally Posted by Mcqlives

So we finally got the coin toss with the Eu flipping the coin...but are the markets just responding in a knee jerk reaction? I'll take the gain but will be even more cautious going into the last trading week of the month. Have a great weekend!!!

Yes I agree. News related move. 4 months extention for Greece. I didn't think we had much invested in Greece anymore.

Originally Posted by Bquat

Yes I agree. News related move. 4 months extention for Greece. I didn't think we had much invested in Greece anymore.

Yep...the I fund (and most of the US funds) don't have much into Greece anymore...but if Greece leaves the Eu over this (I do not think it will come to that) keep in mind Spain is on tender footing too. The other Euro principles (Germany, France and GB) would be unlikely to sustain the Euro themselves. When you look at all the dominoes in place the Greece commitment becomes essential for the EU economy. What I find even more of concern is the timing of the extension. 4 months (after the 6 month term was rejected last week) puts this right back in play just after Spain has it's local elections and is gearing up for its December national elections. The same anti-austerity party ruling in Greece is going for a win in Spain so they are working the timing of all of this. Lots of variables involving politicians which is never good for the markets. I thought about bailing today but am looking for a little more positive...maybe 2124 on the SnP before I'm done for a while. Worst case I'm gone if we drop under 2094.

Quick drive-by. I still read the discourse here but have been in a holding pattern/treading water (~50% invested) in TSP for a long time know. My fears of downside action have gotten the best of me and I've been missing out...but not completely .

Keep up the good work here!!

I think I see a small consolidation repeating pattern. I will show you this in the morning charts.

I have them done and will post them before I go to breakfast so you can study them with you're morning coffee. As always if you see something you disagree with, speak out.

More charts: