Bquat's Account Talk

[Bquat]

Resistance tested as support twice and a little more buying by Birch and we'll be ok.

 

[Bquat]

The high base is holding so far. Being from Texas, I would like to go even to the top of Texas instead of following the coast to the tip of Florida. Wouldn't you?

 

[Handballer]

The high base is holding so far. Being from Texas, I would like to go even to the top of Texas instead of following the coast to the tip of Florida. Wouldn't you?

You betI woud!

 

[Bquat]

Testing and holding the 50 Day.
Comming up to the 100 Day.:worried: Stopped us on the last peak.
Above 5, 13, 20 Day.
Need to consolidate a little for the 50 Day to flatten out instead of declining.:notrust:

Here's the charts and yes I drew them with positive bias. So don't let my bias affect you. Look at the charts and post what you think. I will look fullish if this was just a one day bounce.

 

[Bquat]

We have set that higher low and now let's break the 100 day and go.

 

[Birchtree]

Why so modest - how about a rip your face move to 1370 and beyond before the close.

 

[Bquat]

No No No, don't stop here and give me the dreaded double top. Push it Birch push it.:worried:

 

[Bquat]

Why so modest - how about a rip your face move to 1370 and beyond before the close.

Can't see your post while I doing chart. Must be ESP you posting while I'm thinking of you.

 

[Bquat]

Market's trying to scare me out, but I'm staying in. The move back down is slow so I'm hoping a higher high yet.:notrust:

 

[Bquat]

Why so modest - how about a rip your face move to 1370 and beyond before the close.

Ok, Birch, since the deadline is passed and I didn't want to post too bullish and overly influence to the bullish side. Here's a Birchish chart (Blue) and 1370 is doable and it would make the top of the channel parallel to the Birchishness of the bottom of the current channel. Chart by Birchchart.com . May be just for entertainment only but is possible.:notrust: You likey Birch?

 

[Mcqlives]

Market's trying to scare me out, but I'm staying in. The move back down is slow so I'm hoping a higher high yet.:notrust:

Agreed. I went in today (50/50 C/S) hoping to catch a little of this. I think the 1370ish mark is the one we will head for...but as for breaking it?!?!?! I would have gone in with you last Thursday COB but had a death in the family and was scrambling to take care of everything else. Good move and your charts are nailing it!

 

[Bquat]

Agreed. I went in today (50/50 C/S) hoping to catch a little of this. I think the 1370ish mark is the one we will head for...but as for breaking it?!?!?! I would have gone in with you last Thursday COB but had a death in the family and was scrambling to take care of everything else. Good move and your charts are nailing it!

Sorry about your loss and thanks for the good comment about my charts. I did take some of the negativity out of my signature.

 

[Bquat]

Ok, we just had a third try on trying to break below this level. Let's aqree this is support and were in a high base and let my peoples go. Also it's 1 1/2 hour past deadline where the move should show.

Now that's more like it.

 

[Bquat]

Isn't this a false breakout of an assending triangle? Shouldn't this be bullish. I'll have to cal for a pattern review.

 

[Bquat]

 

[Mcqlives]

Sorry about your loss and thanks for the good comment about my charts. I did take some of the negativity out of my signature.

No prob and thanks yourself. As for the ascending triangle...the odds are there that you are correct...unless we are at the beginning of another descending triangle:suspicious:. These moves are hard to chart for anyone...thus the longs and shorts are making money with their computer driven transactions while our 2 moves a month leave us trying to paddle upstream.

 

[Bquat]

Looked at some more patterns and even a failed assending triangle will go to it's start and bounce. 1350 would still be in the high base and good double bottom spot.Could still shoot back up tomorrow.

 

[Bquat]

Ok, my assending triangle was good but then what happened? Was it big money taking profit?:suspicious:
At least the gap was filled and I hope we can go back up or was it the Navy/Iran news?

 

[jkenjohnson]

I think right now, Bernanke is tanking the market.

 

[Bquat]

I think right now, Bernanke is tanking the market.

Possability. We're approaching critical support. Don't let the news out do TA again.