Bquat's Account Talk

[Bquat]

Me likey market. let's go. 100 tested as support, 5 day testing as support. Isometric triangle and coiling for a move.

 

[Bquat]

Ok, who said what? TA was good and we were there. Who opened their mouth? So get back on the horse and try again.

 

[nnuut]

Logic opened it's mouth and Consumer Sentiment busted it's lip.

 

[Bquat]

Logic opened it's mouth and Consumer Sentiment busted it's lip.

I have some super glue that can fix both.

 

[Bquat]

I no given up a yet. If the sell off was today it would be happening right now before the weekend. So here's the bullish outlook with bearish whip cream on top. Both sides covered.

 

[Bquat]

Ok, who said what? TA was good and we were there. Who opened their mouth? So get back on the horse and try again.

And try again we did. Good chance of going bullish here. We broke the 50 day and moved from an ascending triangle continuation pattern into an isometrical triangle. Now if I'm just not the contrarian.:worried: So one last up move before the cliff. Hope there's no bad news Monday or Tuesday.
Thoughts, contrary comments welcomed.

Had to chart yesterday. I got excited.:embarrest:

 

[Bquat]

Coin toss time again. All we need is a higher high to confirm the move. 50 day acted as support twice. Still have slight chance of double top or bad news at the wrong time. Market looks slightly bullish.

 

[Birchtree]

Bingo - open the flood gates and let the bearish blood run. A lot of short covering this morning and then real buyers will step up to the task. Snort.

 

[Bquat]

Confirmed the move. Testing the top of the current channel from above. If we hold here shorts will have to cover.

 

[Bquat]

Yea this looks good but don't get too excited. See where the 1% mark is. The trading programs tend to use the one percent mark to get user input as to buy or sell. It's right at where we failed to break the lower high twice after it confirmed that we entered a corection. Could be strong resistance. So keep eyes opened.:suspicious:

 

[Birchtree]

Ain't it pretty - we are only 3 SPX points away from that 1% - emerald green is the fashion color for 2013.

 

[Bquat]

Ain't it pretty - we are only 3 SPX points away from that 1% - emerald green is the fashion color for 2013.

Hey buddy. Right now is the time to push. So convince the shorts to buy right now instead of using this as a shorting trigger.

 

[Mcqlives]

If I hadn"t used a move this month I would be thinking of getting out today an looking for another good entry> As it is I am hopeful that dip buying and shorts hold strong!

 

[Bquat]

If I hadn"t used a move this month I would be thinking of getting out today an looking for another good entry> As it is I am hopeful that dip buying and shorts hold strong!

Hopefully you won't have to exit but news can change everything. News got me good at the first of the year. A small pull back may be a good thing. 1428ish?

 

[Mcqlives]

Hopefully you won't have to exit but news can change everything. News got me good at the first of the year. A small pull back may be a good thing. 1428ish?

If we go down I think we'll (hopefully) bounce off a little lower than that...maybe 1414ish or 1392ish.

 

[Bquat]

Yea this looks good but don't get too excited. See where the 1% mark is. The trading programs tend to use the one percent mark to get user input as to buy or sell. It's right at where we failed to break the lower high twice after it confirmed that we entered a corection. Could be strong resistance. So keep eyes opened.:suspicious:

Redrew the grey lines with white lines. Look how well they lined up. Well was it the 1%, news or both?:suspicious: We may still be ok with higher high and a higher low set at the end of day. I'm not doing too good at just charting on weekend.:embarrest:

 

[Bquat]

Hopefully you won't have to exit but news can change everything. News got me good at the first of the year. A small pull back may be a good thing. 1428ish?

Well ended up at 1428.10. That's ish isn't it?

 

[Bquat]

Redrew the grey lines with white lines. Look how well they lined up. Well was it the 1%, news or both?:suspicious: We may still be ok with higher high and a higher low set at the end of day. I'm not doing too good at just charting on weekend.:embarrest:

So going with the 1% againfrom the open today, we can reach the top of the bigger green channel and set a new high. I would like 1.25% which would show increasing bullishness. We need to break the failed move line or we may dip to 1410-16 area. I like the little bottom tail and bull flag but can it be enought to over come the news. A budget deal announcement today would jump us into the higher tier.:notrust:

 

[Bquat]

Senior bowling is the place to be, so watch the market for me. I do have moble phone to watch but not much more.

 

[Mcqlives]

Well ended up at 1428.10. That's ish isn't it?

and we bounced at the 1428ish again this morning. you picked it and i hope it holds!