Bquat's Account Talk

[Mcqlives]

Post deadline: I think we're close enough to 1% over the higher highs that we'll get the pop to pull them in and the drop. Pop and drop market top. Good my stuff is, yes? In my guess trust you must, no.:notrust:

I almost got out today but had 1690ish to be hit before the drop penciled in. I'll know in the morning if staying in was a mistake!

 

[Bquat]

Pattern holding. Another day low volume rise. Another day bad news is good news. Retail sales up less that 1/2 %, good for free money. Tomorrow is my tell-tell. 20 day could cross 50 day making us 20 day bullish. Testing May high. Pump, pump, pump until the dump which may never come. Don't even try to make me capitulate. Christian watch still continues. Six days and counting: Nightly Market Videos

 

[Bquat]

I almost got out today but had 1690ish to be hit before the drop penciled in. I'll know in the morning if staying in was a mistake!

The coin toss may be turning in your favor. I need good news tomorrow, otherwise the 20 will pop it's bullish head over the 50. Still 51/49 bearish and getting the sense of being alone.

 

[Bquat]

Ok my bearish take. If we break down tomorrow 1650 is a test and fail point for the lower low. If that breaks and fails to hold I expect the 50 day to break also and a correction to 1602ish. There I reversed Birched it. Why push the down side. Because I missed the up side. This upside was all low volume and speculation. We are over bought. So 5% correction? On the other hand some say only price counts.:worried: If I'm wrong, I might as well go extreme.

 

[Bquat]

Is the pattern just breaking down? No up spike.:worried:

 

[Bquat]

Here we go:

 

[Mcqlives]

1676ish (your blue line) bounce? This can't be happening, we may know direction before the cut off!

 

[Bquat]

1676ish (your blue line) bounce? This can't be happening, we may know direction before the cut off!

Yea right? Didn't see resistance there. Some at 1675.50. Best hesitation or bounce at 1674. Post deadline probably.

 

[Mcqlives]

Yea right? Didn't see resistance there. Some at 1675.50. Best hesitation or bounce at 1674. Post deadline probably.

I'm saving my double digit profit percentage and getting out today. This may be a small dip but I have 1660ish (1662?) as my next line and I don't think there is much to hold it there if we fall. First move of the month so I can get back in still.

 

[Bquat]

See more strength than I expected. Not giving in yet.:worried:

 

[Mcqlives]

See more strength than I expected. Not giving in yet.:worried:

I did not like this mornings action and this afternoon did not change my mind. I could be wrong but I think this is a weakening of the trend instead of a consolidation at a level that we have seen before. Time will tell!

 

[Bquat]

I did not like this mornings action and this afternoon did not change my mind. I could be wrong but I think this is a weakening of the trend instead of a consolidation at a level that we have seen before. Time will tell!

I meant I was not giving in to the show of strength and am still bearish.

 

[Bquat]

Are we doing a head test or am I just plain wrong again?

 

[Bquat]

I know this is a double top but how has double tops been acting the last 4 timed. This may be a pattern repeat.

 

[nnuut]

Double top?
# 1045 07/16/2013 Oscar Carboni ponders the question:

 

[Bquat]

Trying to de-bias myself:

 

[Birchtree]

Probably higher highs by COB on Friday.

 

[Bquat]

Probably higher highs by COB on Friday.

Maybe today. We need to break the coiling up and go down now or else.Coiled up for bigger move.

 

[Bquat]

Decision day: Could drop out of the channel. Could cross the higher low line. Or we could pop. I'm a drop type guy but as always wrong until I'm right. So this is what I got. What have you got? I've been leaving multiple lines to allow max interpretation by others. Hope you all can see what you each want to see.

 

[Bquat]

Ok, we are there. Now to see if the last peak line holds. Guess Ben said the right things yesterday.