Bquat's Account Talk

[Bquat]

You know yesterday's close was different. Instead of going down a little for a rung, we moved sideways for a high base. It may of just wanted to move back into the ladder but I'm hoping just sideways consolidation building strength for a continuation of this move to break above the channel. I won't be here to watch it. So you do it.

 

[Mcqlives]

You know yesterday's close was different. Instead of going down a little for a rung, we moved sideways for a high base. It may of just wanted to move back into the ladder but I'm hoping just sideways consolidation building strength for a continuation of this move to break above the channel. I won't be here to watch it. So you do it.

Your ladder is intact if we re-enter the channel. But this may have been the break to the upside that a lot of us have been looking (hoping) for. If it is that break to the upside your ladder is bending. I still like the ladder idea, you'll just have to broaden the channel and re-draw with a higher slope to allow for longer term volatility.

Thanks for charting like this! It is a great idea!

 

[FAB1]

no base forming yet. just going up and that aint bad.

 

[Bquat]

Your ladder is intact if we re-enter the channel. But this may have been the break to the upside that a lot of us have been looking (hoping) for. If it is that break to the upside your ladder is bending. I still like the ladder idea, you'll just have to broaden the channel and re-draw with a higher slope to allow for longer term volatility.

Thanks for charting like this! It is a great idea!

Likey this. Widened both channels. Things looking better than expected.

 

[FAB1]

pretty phenomenal.
you feel for those who missed this rally...well not so much lol

 

[Bquat]

Even my rungs are getting accurate.Turned it to green and copied it for the bottom of the flag.

 

[FAB1]

I sse the hi base and little bull flag. hoping for a new record close now.

 

[FAB1]

SPX1600

 

[Mcqlives]

SPX1600

Maybe...but I don't know as that would be a good thing for the intermediate term.

 

[Bquat]

I sse the hi base and little bull flag. hoping for a new record close now.

Hello? I see that but if you look closer you can see a descending triangle.:worried: I would like to see 1585 or 1580 as a higher low. We need to slow this down to build some strength or worry about profit taking.1580 may support and inverted H&S.

 

[FAB1]

Perhaps that would be prudent but any up days at this level are "record breaking"
as long as old resistance remains support.

little gains are nice too so today didnt disappoint.

 

[Bquat]

Perhaps that would be prudent but any up days at this level are "record breaking"
as long as old resistance remains support.

little gains are nice too so today didnt disappoint.

Little gains of .50 to 1.25% percent don't trigger sell programs. At gains at 1.50 to 3.25 you can get profit taking. Where as 3.50% or higher can have people scared to get out. Weird isn't it? The negative values work like 1.75 to 2.50% trigger sale. 2.50 to 3.0 get back in. 3.50 or greater jump for the next exit. Anybody agree?

 

[Bquat]

Little gains of .50 to 1.25% percent don't trigger sell programs. At gains at 1.50 to 3.25 you can get profit taking. Where as 3.50% or higher can have people scared to get out. Weird isn't it? The negative values work like 1.75 to 2.50% trigger sale. 2.50 to 3.0 get back in. 3.50 or greater jump for the next exit. Anybody agree?

This was just a personal opinion piece that has no data to confirm it. Just in case someone takes it as fact. Just speculation on my part.

 

[Bquat]

Hey McQ, Fab1 and JTH, Any notion to exit tomorrow before the North Korean missile test next week? It's Monday isn't it? I have two IFT's and thinking why not save our little gains and get back in late next week for the final Apr push before the May stay away. Just Spidey sense tingling because things been too good in the market.:worried: Just wandering. The thought just jumped into my head. Don't you just hate when that happens.

 

[jpcavin]

I'm seriously thinking of getting out tomorrow. I'm usually greedy and stay in. Gotta break the trend.

 

[Bquat]

I'm seriously thinking of getting out tomorrow. I'm usually greedy and stay in. Gotta break the trend.

Thanks I just have a feeling.

 

[jpcavin]

Thanks I just have a feeling.

Must be that spidey sense at work :laugh:

 

[Bquat]

Must be that spidey sense at work :laugh:

My first year he kept me safe. The second year there was so much news damage to the market that it became uncalibrated. Plus Moms bad health just whacked it out of existence. So even though I'm not using capital preservation I may follow it. I technically believe the market is still bullish but afraid of a news event.

 

[FAB1]

Hey McQ, Fab1 and JTH, Any notion to exit tomorrow before the North Korean missile test next week? It's Monday isn't it? I have two IFT's and thinking why not save our little gains and get back in late next week for the final Apr push before the May stay away. Just Spidey sense tingling because things been too good in the market.:worried: Just wandering. The thought just jumped into my head. Don't you just hate when that happens.

I have 0 (buy) IFTs so I haven't decided. I had not considered the NORKs and Young-UN in my plans either. I think he is full of hot air.


Hopefully there are more gains left in April. A swig or two of Birch-juice might keep me in the race, eh?

 

[JTH]

In regards to the market, North Korea has zero impact on my decision making because they are the boy that cry's wolf and the world knows it. Statistically speaking the next 2 weeks have some of the highest win ratios of the entire year. If you side-step the market, it could work out, or it may not, thus far this year I've side-stepped the market 4 times and 2 times it was the wrong choice so I'm 50/50. In the end I make the decisions that allow me to sleep well at night, screw what everybody else thinks...

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