Bquat's Account Talk

Mcqlives · Mar 1, 2013

Bquat said:
Using the higher low for the bottom of the channel, this is what I come up with. No sequester sell off and now maybe a bullish channel. Monday we find out if the inverted head and shoulder works for us. Dip is bought again and early. What say you neisayers? I'm a little bullish.

Filling the gap and winding up for a breakout. There is a rising wedge above that means, if the breakout is for the bulls which is what you and I (and BT of course) are betting on, we are headed for huge gains! Come on 1545 to 1550 next week!

RealMoneyIssues · Mar 1, 2013

Mcqlives said:
Filling the gap and winding up for a breakout. There is a rising wedge above that means, if the breakout is for the bulls which is what you and I (and BT of course) are betting on, we are headed for huge gains! Come on 1545 to 1550 next week!

That iH&S target is 1565 if it triggers, but remember, there could be a test of the head before heading up...

Bquat · Mar 2, 2013

RealMoneyIssues said:
That iH&S target is 1565 if it triggers, but remember, there could be a test of the head before heading up...

No, I don't want a head test. We've done enought testing on this level. I want to stay non-contrary and keep my 1%.

Bquat · Mar 4, 2013

RealMoneyIssues said:
That iH&S target is 1565 if it triggers, but remember, there could be a test of the head before heading up...

I guess you got your wish. Futures scared the crap out of me last night but all is well this morning. Our IH&S is still good. Boy this can be a good move if the market follows Technical Analysis. Anyway the shortterm high base after the small dip is still good.

So here we go for another fine day of watching our eggs hatch.

Mcqlives · Mar 4, 2013

Bquat said:
I guess you got your wish. Futures scared the crap out of me last night but all is well this morning. Our IH&S is still good. Boy this can be a good move if the market follows Technical Analysis. Anyway the shortterm high base after the small dip is still good. So here we go for another fine day of watching our eggs hatch.

But now I am looking at reports due this week and am wondering if they will drive the markets contrary to the trend.

Bquat · Mar 4, 2013

Mcqlives said:
But now I am looking at reports due this week and am wondering if they will drive the markets contrary to the trend.

Shh, I'm trying to be positive here. In reality I feel the same so I added the retrace lline and another support line. I'm ready for a pop up soon.

Bquat · Mar 4, 2013

We still have a chance for bad news to hurt us but in the absence of bad news I think we'll have a big breakout throught the top. Gimmy sec I'll show why. Have to make Birchchart to follow. I just notived this. Where's my yellow crayon?

Bquat · Mar 4, 2013

Remember it's sometime hard to get the market to follow a birchchart but I'm favoring this one 60/40. Ok 51/49. Now all we have to do is get the computer programs to pick up on this.:notrust:

Bquat · Mar 4, 2013

Over charting again. Coffee time.

Birchtree · Mar 4, 2013

Today is the day to all time highs. Then the flood starts.

Mcqlives · Mar 4, 2013

The computer programs might not be able to chart the incline like that, though!

Bquat · Mar 4, 2013

Mcqlives said:
The computer programs might not be able to chart the incline like that, though!

Ok, had my little desk nap here. I think we're still good. False breakout 3/4 of the way.

Birchtree · Mar 4, 2013

Stand back from the door friend - it's going to blow off the hinges at any moment. The venturi effect is in motion and will pull in onside cash.

Bquat · Mar 4, 2013

Birchtree said:
Stand back from the door friend - it's going to blow off the hinges at any moment. The venturi effect is in motion and will pull in onside cash.

I'll repost Birchchart: Let's go 2% more. Tomorrow

Bquat · Mar 4, 2013

JTH?
Would this be a short term V bottom? Or is there too much volatility?

JTH · Mar 4, 2013

On that timeframe I would call the head and left shoulder a v-type botttom. We certainly have seen a great many v style patterns since the 19 Nov bottom. Although I don't adhere to exacting rules, I like Bulkowski's definition.

http://thepatternsite.com/vtopbot.html

clester · Mar 4, 2013

Not what I would call a V bottom here. Maybe an inverse head and shoulders forming. Those are very powerful. In any case a break above the last high is a breakout which would start the spring rally I'm expecting.

clester · Mar 4, 2013

clester said:
Not what I would call a V bottom here. Maybe an inverse head and shoulders forming. Those are very powerful. In any case a break above the last high is a breakout which would start the spring rally I'm expecting.

Btw, the breakout point would probably get tested before we are off to the races.

Bquat · Mar 4, 2013

Here's a cleaner chart. I think we have a breakout of an asending triangle and the base of an inverted head and shoulders. We do have resistance at the retrace line above us. I think the movement into the close my provide us the strenght to continue upward. Wanted to give you guys a cleaner chart so you can decide risk. I will put back in support and resistance lines after seing the move in the morning. Thanks for the comments guys. I myself feel bullish about tomorrow not seeing selloff in the futures. We'll see.

Bquat · Mar 4, 2013

clester said:
Btw, the breakout point would probably get tested before we are off to the races.

Usually I use light blue for resistance needed to be tested as support. Thanks for visiting.

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