Bquat's Account Talk

[wavecoder]

I'd say it would be a topping tail if it was at the top of the channel, but currently we're just coming out of an oversold position and this reversal signal is at the bottom of the trading channel. I'm betting that it's a bottom reversal. Of course, there's a 50% chance that it could be the start of a breakdown out of the lower resistance

maybe we'll have a strong smell of bull manure or something as the hoofs clang off the ceiling and into the moon, hitting my target of 24,127 or something

 

[Mcqlives]

Wow...Birch and Bears and markets aren't even open> my 2 cents, keep an eye on vehicle sales.

 

[Bquat]

Thanks guys. About that 50% chance, this is looking like a false breakout if we don't go back up soon.

 

[Bquat]

Showing weakness here. I'm a little worried, yet we may move sideways out of this. I need to head out to bowling soon but I need to watch this a little more.:worried:

 

[Bquat]

BirchyChart is like this but I'm a little :notrust:. Give it a few. Coin toss anyone?

 

[Bquat]

Hate leaving you guys like this but I got to go and the triangle may still be good. I'll take my chance on my 20 day holding. May be wrong. Have a good day.

 

[Bquat]

What? You want some post market analysis (didn't say good) of things right now. Ok here's what everyone and his brother are talking about. Bear flags and that the S&P is done. Here's your bearish chart.:worried:

 

[Bquat]

No, no, no, Big Billy streach that chart out. With the Fed helping the market you got to Birchize things. Longer term we are in a bullish trend. We have a large isometrical triangle with a false breakout today and a reentry showing strength. So here's the Birchchart: Both senarios are possible but with the Feds help I think this one has a chance. Hope I'm not a contrary indicator so I watch futures and videos tonight. By the way Christen is bullish too. I keep having to find his new posts. My link keeps going 404 and I have to redirect to it.

Market Analysis

As always post if you disagree or have more info. Remember Birch Charting can cause you to be too bullish and put you at higher risk.

 

[Bquat]

Here's a less biased chart for tomorrow.

 

[wavecoder]

No, no, no, Big Billy streach that chart out. With the Fed helping the market you got to Birchize things. Longer term we are in a bullish trend. We have a large isometrical triangle with a false breakout today and a reentry showing strength. So here's the Birchchart: Both senarios are possible but with the Feds help I think this one has a chance. Hope I'm not a contrary indicator so I watch futures and videos tonight. By the way Christen is bullish too. I keep having to find his new posts. My link keeps going 404 and I have to redirect to it.

Market Analysis

As always post if you disagree or have more info. Remember Birch Charting can cause you to be too bullish and put you at higher risk.

you call that a birchchart?

just having some fun

 

[MaStA]

Love the chart sniper lol!

 

[Bquat]

you call that a birchchart?

just having some fun

Didn't think someone could out Birch Chart me. You got it.

Ok let's turn this baby blue.

 

[Bquat]

The market gods are fighting me. Since I is down it must be Europe.

 

[Bquat]

Off to bowl I go. I'll have to trust my 5 and 20 days to hold.

 

[Birchtree]

It would appear the intraday consolidation was completed at 1030 hours and with the advent of a big V we are off to the races - perhaps.

 

[Bquat]

Off to bowl I go. I'll have to trust my 5 and 20 days to hold.

Well they did. Even though we didn't move much today, we accomplished a lot. My 5 and 20 day moving averages held and we tested resistance as support in the middle of the triangle after touching the top. I feel this is bullish and now the base of this triangle is running parallel with the 20. So I'm bullish and Des isn't. Just had to give you the other side. Didn't want to but I'm trying to be fair.
Broad Market

Now what is better is that I didn't have to Burchize. Now also to be fair there is a posibility of a H&S if we go down from here. One more red line to break to become bullish.

 

[Bquat]

Ok, resistance and support chart. Let's go blue.

 

[Bquat]

I would like a little more up today. We're presently at the top of what I'm calling a 20 day supported channel. I'm glad for the move so far but you may go down from a channel top. So let's break 1464.

 

[Bquat]

So should we take a chance on the jods report tomorrow. Will it be inflated to the up side to try to help the market? Should we stay in because this is an uptrending channel? I need to know before I got to go to bowl.

 

[Birchtree]

Stay in because you are seeing a continuation of the toasted Obama-Baloney goodbye rally - there are more gains ahead.