Bquat's Account Talk

[Bquat]

Gone now...


Nope


Exactly, which is probably why I am going short this afternoon. I just cannot see us getting past 1345 with any conviction and GREECE is rearing it dang ugly head again...

Yea didn't see any strenght at all. Wish I had more time to let people know my decision. At 6% down, I don't think many were waiting for my calls as of late. But will get my mojo back soon.

 

[ILoveTDs]

So without a show of strength today, I may exit. :worried:

Come to the dark side:laugh:

Not yet. 1340 was just recaptured. Now less see that big jump.

Made it in 1.2 minutes. Sorry guys I was out of pocket. Went 100F.

Excellent!!!! Haahaahaa

 

[Bquat]

Excellent!!!! Haahaahaa

Thanks I hope I can exit with little more loss.

 

[Bquat]

My techniq of trying to out guess the market has been quite bad lately. I feel bad about that. So let's begin again.:notrust: So here's your chart. I changed the old channel as resistance lines and spread it out to show the bigger bearish channel with the new low. That's about it. Chart by TailBetweenMyLegs.com

 

[Bquat]

I will be staying out. Slope speed is increasing.

 

[Bquat]

What? Oh I just thought Birch was just saying something. He's posting a lot less lately. I hope he's alright.:worried:

 

[FAB1]

Who wants to try and catch this falling knife?

 

[Bquat]

Who wants to try and catch this falling knife?

Not me.

 

[Bquat]

Sorry guys. I won't be posting my trades but may continue the charts. I feel that my knowlege of what the market might do is failing. I will be following someone elses lead.

 

[CrabClaw]

Sorry guys. I won't be posting my trades but may continue the charts. I feel that my knowlege of what the market might do is failing. I will be following someone elses lead.

Your short term TA is very good, I hope you keep sharing your thoughts as they are valuable.

 

[Bquat]

Your short term TA is very good, I hope you keep sharing your thoughts as they are valuable.

Yea but I have lost more by waiting for the market to turn and my shortterm bullish guess were only good intraday. I got locked up in the bottom picking shuffle that I missed in 2008. So I'll probly still chart but won't interprit them unless I can give both sides. I think I was fairly showing both sides but following only one. I kept looking for the correction to end and get the bounce. I may go back and wait until the move is confirmed to the up side or change who I put my faith in. Oscar has been so flippy floppy, the stockmentor is very infrequent and even Brian on Alfatrends is now infrequent. Now Christen's market analysis is more of a bearish type but good.Here's his link. He had stop posting or changed where his site was for a while.

Market Analysis Videos

 

[Murphys_Law]

You need to do what is best for you and your account. Whatever you decide, realize your efforts were always appreciated.

 

[Bquat]

Here's a chart update for you.

 

[Bquat]

Comming up to a good possable bounce point. 38.2% Fibinacci retracement line.

 

[Bquat]

Maybe a higher high can be made today.

 

[Bquat]

Higher High made, but remember in the past that when a new high was made there was no follow through. Possible bear flag unless we break above it.:notrust:

 

[FAB1]

I caught the knife and it didnt hurt one bit - lucky I was.

But I didnt hang on to it. Not convinced we arent going lower

 

[Bquat]

I caught the knife and it didnt hurt one bit - lucky I was.

But I didnt hang on to it. Not convinced we arent going lower

We might be. Here's some resistance points and I remember 1330ish has always been one both ways.

 

[Bquat]

Looks like my 5 Day is acting as a ceiling for the channel and not support. Wierd, the 13 day normally does this. So by definician, we still trending down after the higher high.

 

[Bquat]

Added a support line, futures are down this morning.