Bquat's Account Talk

[Bquat]

Thanks for responding guys. When I get responces more people view my thread to see what's going on. Had about 400 views after you guy posted. I don't get anything with the increased views but it makes me feel better to know people are viewing my charts.

 

[Bquat]

Ok, back to the charts. Mid-term it looks like a bull flag but with a short term bear flag the last too days. Some are asking if this is a bear flag or a beginning of a rally. Well as always it could be both. yet? The short term action has an apperance of a bear flag but some say there way a tweezer bottom denoted by the little green line. So we go up right? Maybe not. The end of day we fell right back to my 20 day showing weakness and denoted by the circle. If we break down we go down to the bottom purple line.

You may be asking about the green arrows? They are pointing to a symetrical triangle created by the purple lines. If we don't go to the bottom purple line it increases the chance of breaking out of the top purple line which is possible because of the bull flag. The top purple line comes from the last two peaks and you ask where does the bottom purple line comes from. It is the mirrored parallel line of the last two lower peaks. So you have both sides. Hope it helps. I do belive market direction will be determined tomorrow because we consolidated for a move.

 

[Bquat]

Ok, now can you see the Bull Flag? I didn't us the little bull or little bear comments because It was nice but confusing. I would get tied up trying to get them to out do each other. I think Sugar and Spice was the only person(s) that could keep it straight. Maybe after market opens I can give you more of a sense of direction or maybe not.

 

[Bquat]

Boy that was about an one percent swing. To move that much and not give us any market direction. Well maybe some. Down to support and back above my 20 day. Bottoming tail maybe but were still in the bear flag.

 

[Bquat]

Well we have broken above the bear flag, which may make the bull flag good. So if we don't get blocked by the 13 and 5 day, we can move higher.

 

[Bquat]

5 Day acting as resistance and the top of the flag acting as support. Luckyly you have 30 min. to decide. Since the 5 day is declining the odds are down but who knows?Watch and wait a few.:notrust:

 

[Bquat]

Well failed move on the 5 day but even though we're back in the bear channel, all is not lost yet. Hopefully you can watch 15 min. Still wish we had an hour or two more.

 

[Bquat]

Ok 5 day broken and now we test it as support. If it doesn't hold we have an intraday double top which is bad news. Too bad you have to choose right now.

 

[Bquat]

AAnd look at it hanging right there taunting us. How do they know our deadline?:suspicious:

 

[Bquat]

Deadline +5 and there's the move. I still think the people handling our accounts send an email out on what were doing just before the deadline. Just me ranting. It's weird how the deadline is always so close to the market's direction move. Too bad we can't have 2 pm as a deadline but then the move will take place then. Does someone watch the TSP moves as a whole to make profit on goverment employee's trading decisions on a daily bases. I'm just paranoid.

 

[Mcqlives]

Deadline +5 and there's the move. I still think the people handling our accounts send an email out on what were doing just before the deadline. Just me ranting. It's weird how the deadline is always so close to the market's direction move. Too bad we can't have 2 pm as a deadline but then the move will take place then. Does someone watch the TSP moves as a whole to make profit on goverment employee's trading decisions on a daily bases. I'm just paranoid.

Overly your top and bottom purple lines on this chart and the 1339 point comes in pretty close.

 

[Bquat]

Now the other way. Was doing yard work and taking break. Retirement is hard work sometimes. You do more of your own work when on a fixed budget. No overtime to hire college kids to help them out. I still try to save some of the harder stuff for my college assistant.

 

[Bquat]

Overly your top and bottom purple lines on this chart and the 1339 point comes in pretty close.

1340? Here's the morning chart. Bear flag or rally. Is the turning point 1340?

 

[Sensei]

If the DAX and futures are any indication, we won't be getting even a sniff of 1340 any time soon. This is starting to annoy even me. :suspicious:

 

[Bquat]

If the DAX and futures are any indication, we won't be getting even a sniff of 1340 any time soon. This is starting to annoy even me. :suspicious:

So are you thinking 1284? Just saying the bearish side. It is weird that housing prices and sales are up and futures are down. Maybe house prices are up because of the sale America plan. People from other countries are buying them up to retire in.

 

[Bquat]

Here we go folks testing my 20 Dat for support.:worried:

 

[Bquat]

Here's another thing making me think the market is overly manipulated to take profits both directions. Normally the 13 Day is a small backbone for the short to midterm market. It used to provide resistance on the way up and support on the way down. Lately there is no hesitation on it up or down and the 5 Day is just a follower and almost can't keep up with the swings. Seems like big money is trading both direction because they can.:suspicious:

 

[Bquat]

That's going to be a hell of a bottoming tail if we recover from it. Confirm the twenty as support and confirm a higher low. A bearish move creating a bullish result would be nice. You think it could happen? Ol well wishful thinking as we still have to overcome the bottom of the red channel. So this is just a dream.

 

[Bquat]

Added a resistance line and cleaned the chart up for watching.

 

[Bquat]

Spreaded out and redrew old channel for perspective.