Bquat's Account Talk

[Frixxxx]

This is the first hallow red candle I've seen. What is that?

Even though it's down, it shows bullish sentiment.

 

[Mcqlives]

Is it caused by a red line being drawn?...anyway, now that the fiscal year is over I can have a little breather. I will follow the threads better over the coming weeks and try to be more active around here. Hope all has been well!

 

[Bquat]

Is it caused by a red line being drawn?...anyway, now that the fiscal year is over I can have a little breather. I will follow the threads better over the coming weeks and try to be more active around here. Hope all has been well!

All has been doing well but missed your reviews of my guesses.

 

[Bquat]

Even though it's down, it shows bullish sentiment.

Thanks

 

[Mcqlives]

This is the first hallow red candle I've seen. What is that?

Ok...here is a low information (not much research done) review of your chart. It looks like we are winding up for a move within the next 3 to 4 trading days. Which direction, I don't know but the support is good at 1428-1430 on the low and 1450 will be the first target point that needs to crack. We already hit 1435 today, maybe another small leg down this afternoon with a bounce up during the last hour? This would give us 2 to 3 more 1% swing days and then, hopefully, get a direction. VIX has me concerned though. Good luck!

 

[Bquat]

Ok...here is a low information (not much research done) review of your chart. It looks like we are winding up for a move within the next 3 to 4 trading days. Which direction, I don't know but the support is good at 1428-1430 on the low and 1450 will be the first target point that needs to crack. We already hit 1435 today, maybe another small leg down this afternoon with a bounce up during the last hour? This would give us 2 to 3 more 1% swing days and then, hopefully, get a direction. VIX has me concerned though. Good luck!

Thanks

 

[Bquat]

Off to bowl I go but things are lookiing better.

 

[Bquat]

I hope this short term H&S is a continuation pattern and we break 1450 because I for one doesn't want to test 1420 or even the 50 DMA at 1412.:worried: Were still in a bullish trend in a pull back.

You likey charts? You don't likey? You comment plz. Pretty plz.

 

[Birchtree]

With QE3 kicking in $40 billion/month along with $45 billion for the next three months with Operation Twist - the financial liquidity at our backs should help the market. With $85 billion coming into the markets every month why are fools still leaving equities for bonds - it's beyond my comprehension. But when the fools turn to the S&P 500 watch the fun begin. I'm going to stay with the cycle.

 

[Bquat]

Good point Birch. Now since you is the only one to comment, I make BirchChart. Now this is how you Birchise a chart. First you have to believe that we had a head fake when we broke the channel, which of course I made 20 DMA Birch supported. Then something I try to advoid saying, so I'll have Birch say it (silently) " We are in a symetrical triangle coilling up for a big move in the direction of the bigger trend." Thanks Birch. Here is the Birchiest charts I can come up with: Any comments now?

 

[GUCHI]

bquat
i really dont know how you come up with the lines, but im learning by watching you and others on this site. i usually dont make many moves through out the year, as they say you gotta be in to win. i am a visual person, so the charts help me see where we have been and where we might be going. keep up the good work. thanks for your time and work. i try to dca into my tsp to make it work.

 

[Bquat]

Good point Birch. Now since you is the only one to comment, I make BirchChart. Now this is how you Birchise a chart. First you have to believe that we had a head fake when we broke the channel, which of course I made 20 DMA Birch supported. Then something I try to advoid saying, so I'll have Birch say it (silently) " We are in a symetrical triangle coilling up for a big move in the direction of the bigger trend." Thanks Birch. Here is the Birchiest charts I can come up with: Any comments now?

Thanks Birch. I really caught this one with my Birchy chart.

 

[Mcqlives]

Great chart! I bet you didn't expect it to come true so quickly this morning, though! Now (and I am only saying this because are retired and don't get to hear this much, if at all) what have you done for us lately?

Let's see a birchy chart and a bummer chart (I took some doodles out from the 14th to get a down slope) for comparison...

 

[Bquat]

Great chart! I bet you didn't expect it to come true so quickly this morning, though! Now (and I am only saying this because are retired and don't get to hear this much, if at all) what have you done for us lately?

Let's see a birchy chart and a bummer chart (I took some doodles out from the 14th to get a down slope) for comparison...

Thanks I may try that. Well I'm very glad we broke the 1450 area. I was thinking that would be stronger resistance. Market is retesting the blue line as resistance becomming support. It's really sticking to that 1% mark. Maybe that's where the programs await user input?

 

[Bquat]

I'll be a staying in.

 

[Birchtree]

If this forward momentum continues we'll be at 1566 before the end of October. I smell some of those animal spirits starting to kick ....I have a preference for the sweet smell of superlative bull manure. Get ready for some parabolic action.

 

[Bquat]

Coiling up on the 5 day for another move.

 

[Frixxxx]

If this forward momentum continues we'll be at 1566 before the end of October. I smell some of those animal spirits starting to kick ....I have a preference for the sweet smell of superlative bull manure. Get ready for some parabolic action.

I'm getting hints of the smart money taking profits....(not hijacking bquat)

 

[Bquat]

I'm getting hints of the smart money taking profits....(not hijacking bquat)

I just hope there not seeing something we don't. And you're not hijacking. What I want is peoples comments and opinions on the market. If you can keep it civil and provide insight even contrary opinion is welcomed. We all have our own market sense and can mislead ourselves. When I feel a little bullish I involve Birch to get a little support because he agrees with anything bullish. I sometimes am what I consider too bullish and call it Birch charting as to let people know I'm too bullish in the chart I draw. Majority of the time I try to present a unbias chart be we can't because of how our thought process is. Bullish bullish chart and Bearish bearish chart. My support and resistance lines are normally what they are. So comment when you can especilly if you see something that may be wrong. That is what membership is.

 

[Bquat]

Coiling up on the 5 day for another move.

Remember this? I could see a move comming but didn't mention direction because I jinx direction. That didn't work either. I was able to call the last move up with the Birch chart but my previous chart a couple of hours earlier was bearish. Sometimes we can see bearish indicators and bullish indicators in the same chart.Too bad we can't keep our own interpritation out of them. If we could we would be rich. Now this is a case in point. Isometrical triangles mostly break out in the direction of the overall trend. I was thinking up because of the purple channel which was long term bullish but the white channel has a bearish trend go figure. Now we have another isometrical triangle within the white channel. Another move is comming and I'm thinking up because we're at the bottom of both channels. Your thoughts. Contrary charts anyone? So I'll go with up and warn about down and say I got it right tomorrow.:notrust: