Bquat's Account Talk

[Bquat]

I was but, unfortunately, I'm on the ground burning right now...I think the Birch trees blocked my view of the electric lines.

Come on Birch, find some good news (other than share prices are cheaper) for us today and push this market back up! This could be a gruesome summer if something doesn't click soon.

Yes we are. On the ground and ready for our next flight. Well I hope the correction is over and we begin again. Bad news can be good news. Like Birch said QE3 can continue. The economy is getting better and this dip was a reaction to the false sequester scare. So lets go. I am a dummy for riding this down. Maybe this is it. Pre-flight check charts:

 

[Bquat]

Please dont take it personal...not getting on to you at least not deliberately.

dont know...what is B&h deadline?

You can wish me Happy Birrhday though that day!

Buy and Hold deadline where B&Her's go away for May. The slow summer trading begins. Happy Birthday.

 

[Mcqlives]

1545 is a ceiling now?!?! At least on this little range anyway. Where does that fit in???

 

[Bquat]

1545 is a ceiling now?!?! At least on this little range anyway. Where does that fit in???

1546 was our exit. We need to recapture it. 1540 was where I called for a bounce but wasn't expecting to ride down to it. If we hold here I'll stay. Need a pop soon.:worried:

 

[Bquat]

Preflight complete. Co-pilot ready?

 

[Mcqlives]

Preflight complete. Co-pilot ready?

As long as we are over 1546, hopefully with a dip test, by transfer time I am in. My personal line is a close of under 1546 and I am trying to stick with that.

 

[Bquat]

"Tower ready for takeoff". Got to have fun doing something.

 

[Bquat]

In the air one step at a time.

 

[Mcqlives]

Stayed in but I am only hopeful at this point.

 

[FAB1]

no post deadline chart? He must have went bowling.

well passengers your flight has ascended to an altitude of 10,000 ft and is cruising more or less steadily. We hope to ascend to 40,000 but it will depend on whether or not fuel lasts. Please enjoy the movie!

 

[Bquat]

no post deadline chart? He must have went bowling.

well passengers your flight has ascended to an altitude of 10,000 ft and is cruising more or less steadily. We hope to ascend to 40,000 but it will depend on whether or not fuel lasts. Please enjoy the movie!

Had to go under some power lines at the end of the field. Pick up bowling ball. Had to repair the figure holes. Ascending again. Just tested 1546 as support and should be ok now.

 

[Bquat]

Auto-pilot engaged. Now I go bowl.

 

[Bquat]

Ok, first to point out: I look less stupid now.:embarrest: I really like the short covering at end of day and not too worried about the short drop after. 1555 and 1560 are the keys to this thing. Mainly 1555 is critical. Why? It breaks the descending channel and bear flag that is forming. If it broken we break out of a longer time frame Bull flag. We also need 1560 to break because it has been major resistance as a lower high. I can't tell you exactly which way we go but I think 60/40 that we're at the bottom of the longer term blue-green channel and another dip buy. Any agreement here. For me and my wingmen where picking up an updraft off of the cliff face we just saw. Brought to you by Don'tlistentomeI'mJustGuessing.com contrary indicator until I'm not. Please comment because you can be right.

 

[Bquat]

And for you longer term traders 38.2 is good for me.

 

[Bquat]

Monday's chart.

 

[Mcqlives]

Ok, first to point out: I look less stupid now.:embarrest: I really like the short covering at end of day and not too worried about the short drop after. 1555 and 1560 are the keys to this thing. Mainly 1555 is critical. Why? It breaks the descending channel and bear flag that is forming. If it broken we break out of a longer time frame Bull flag. We also need 1560 to break because it has been major resistance as a lower high. I can't tell you exactly which way we go but I think 60/40 that we're at the bottom of the longer term blue-green channel and another dip buy. Any agreement here. For me and my wingmen where picking up an updraft off of the cliff face we just saw. Brought to you by Don'tlistentomeI'mJustGuessing.com contrary indicator until I'm not. Please comment because you can be right.

Lots of resistance above and good floors below...I hope that the longer term wins.

 

[Bquat]

Glide path is good and we're coiling for a bigger move. Real soon and before the deadline.

 

[Mcqlives]

Glide path is good and we're coiling for a bigger move. Real soon and before the deadline.

Your triangle may be growing a tail...

 

[Bquat]

Your triangle may be growing a tail...

How about an ascending triangle an upward glide path. Important level right now. We need to break the descending channel.

 

[Mcqlives]

This just keeps stretching out...so much for the before deadline but it sure is winding tight.