Bquat's Account Talk

[OBXTrader]

I am still glad I exited, a lot of hope is being put into this run-up today not based on charts or any basis in reality. Remember this movie line?

Hi Curly. Killed anyone today?

The day ain't over yet...

 

[Bquat]

I'm glad we slowed down a little and built a high base above support. Like to have more strength for next level. Now the on slot of three nights of news.

 

[Bquat]

Long Term Chart:

 

[Bquat]

Support and resistance. The Long Term Switch Line is parallel to the top of the Purple Channel. I think this is not biased.

 

[Birchtree]

Please don't be surprised if 1743 falls to the bulls within the next 15 trading days. Earnings may provide the necessary fuel to spike us to higher highs. Next week will show many indexes at all time new highs. I'm running in front of the Grand Trunk - no riding for me.

 

[JimmyJoe]

Please don't be surprised if 1743 falls to the bulls within the next 15 trading days. Earnings may provide the necessary fuel to spike us to higher highs. Next week will show many indexes at all time new highs. I'm running in front of the Grand Trunk - no riding for me.

At 1600hrs, MT, I saw the futures SPX up 14. Men, and women of the 899th, (fictitious), grab your hardware. We're moving out. Memo from above says we are gonna gain more ground. You, Charlie, vector five, take the lead.

 

[OBXTrader]

Keep your combat medic close.

At 1600hrs, MT, I saw the futures SPX up 14. Men, and women of the 899th, (fictitious), grab your hardware. We're moving out. Memo from above says we are gonna gain more ground. You, Charlie, vector five, take the lead.

 

[Bquat]

Rector 549 going lower direction sir. Need defensive show of force soon commander.:worried:

 

[Bquat]

Sorry guys over slept a little. We just confirmed a higher low. Market should be happy. Don't know if this confirms the right shoulder but we can be very lucky if it does.

 

[Bquat]

Added support line which may be new switch line later:

 

[Bquat]

The speed in which we are ascending is faster than the repeat pattern. So as Birchtree says " the train is leaving the station" or "you're missing the rocket lift off", the rocket scenario could be happening. Birchchart: As always Birchcharting may be dangerous to follow. 40/60 chance. We're at my possible gain level so what now?

 

[Bquat]

Remember it used to be "All we have to fear is fear itself" but now is "All we have to fear in the news is the fear in news itself".:worried:

 

[Bquat]

I cleaned up the chart for tomorrow. Was going to say that the top of the 20 day supported channel has held 4 times today, but has it? The top of the orange channel has not passed a test from the top yet but the blue, which was my projected gain line has. You have the charts, you have projection channels drawn for you and you have the last peak red line. Now wait on the news and make your guesses. These charts a not drawn bullish. Their just are that way. Until the news, right?

 

[Bquat]

Since the climbing channel is done, I did a redraw allowing for sideways movement:

 

[Bquat]

Got to go down a little to go higher. Does this make sense?:worried:

 

[Bquat]

Yellow channel consolidation channel. White channel bullish option if news stays positive.

 

[Bquat]

1710 is the key. How many agree with me?

 

[Birchtree]

1710 just fell - 1720 next to go and then on to who knows where. Virgin territory is so exciting.

 

[JimmyJoe]

1710 just fell - 1720 next to go and then on to who knows where. Virgin territory is so exciting.

I'm wit choo Birch.

 

[Bquat]

As I go to bowl, I'm glad my lines are working.