Bquat's Account Talk

[Bquat]

Looking quite good after Fridays action:

 

[Birchtree]

That angle of ascent looks really strong - no reason for momentum to slow. We might be reaching for a blow off top sometime in spring of 2014 and who knows at what level it reverses - I'll be holding all the way.

 

[Bquat]

That angle of ascent looks really strong - no reason for momentum to slow. We might be reaching for a blow off top sometime in spring of 2014 and who knows at what level it reverses - I'll be holding all the way.

If you look at the yellow Higher High line the angle of ascent looks like it's increasing to the up side. This is kind of what I noticed on JTH's weekly also.

 

[Bquat]

Sorry, the purple line correlates to the line I could of drawn on JTH's weekly. You can also see the momentum going above the higher high line in this one also. Wonder if I should make the yellow Higher High line the new switch line to save profits?

 

[Bquat]

Still sideways consolidation and in a high base. I'm sticking with the ladder, but nervous.

 

[Bquat]

Still sideways consolidation and in a high base. I'm sticking with the ladder, but nervous.

Less nervous.

 

[Mcqlives]

Less nervous.

I like the ladders again! I would like to see a switch line bounce tomorrow and then continue up. You could be right though, this could be gaining momentum. If that is the case then the holidays could be huge this year!

 

[Bquat]

I like the ladders again! I would like to see a switch line bounce tomorrow and then continue up. You could be right though, this could be gaining momentum. If that is the case then the holidays could be huge this year!

There you are. I missed your posts. A drop to the switch line and back up may be good for the markets normally, but I don't wish to break the ladder. It's a bullish thing until it breaks and sometimes it breaks hard. In reality it's a bear flag with staying power. That's why I thinking to redrawing a higher switch line, maybe the light blue or last peak to bottom of gap. What's your guess? As for holidays, there may be a big switch in employment.:worried: There could be a greater numbers of part timers hired under the holiday part-time hiring and a cut of full-timers after the holidays. (Just my guess, I have no concrete evidence).

 

[Bquat]

How about this switch line using gaps?

 

[Mcqlives]

There you are. I missed your posts. A drop to the switch line and back up may be good for the markets normally, but I don't wish to break the ladder. It's a bullish thing until it breaks and sometimes it breaks hard. In reality it's a bear flag with staying power. That's why I thinking to redrawing a higher switch line, maybe the light blue or last peak to bottom of gap. What's your guess? As for holidays, there may be a big switch in employment.:worried: There could be a greater numbers of part timers hired under the holiday part-time hiring and a cut of full-timers after the holidays. (Just my guess, I have no concrete evidence).

In reverse order...

-Holiday guess is the same as mine. Part time vs full time won't make any difference till January reports so the markets should like the news till then.
-Higher switchline trend with bottoms is where I would like to see a bounce...say 1729ish?
-I don't want to see a break...just a slight retractment then additional consolidation before another leg up.

Things have been real busy with family so, unfortunately for my pocketbook, this hasn't been a high priority for me.

 

[Bquat]

In reverse order...

-Holiday guess is the same as mine. Part time vs full time won't make any difference till January reports so the markets should like the news till then.
-Higher switchline trend with bottoms is where I would like to see a bounce...say 1729ish?
-I don't want to see a break...just a slight retractment then additional consolidation before another leg up.

Things have been real busy with family so, unfortunately for my pocketbook, this hasn't been a high priority for me.

I understand, just post once in a while so I don't miss you.

 

[Bquat]

May have got to the 1% too soon today. Keep an eye out. At least the market realized there was a rung there. I hope it gets back above it and tests it from above and holds. Being too bullish at the start of the day, could be an exhaustion move.:worried:

 

[Bquat]

Todays gap filled. We should be ok. Still have buyers at this level. Eyes are open though.

 

[Bquat]

Did not like the gap up and then weakness. I exited the market today and relax the rest of the month. Don't worry I'll still chart.

 

[Bquat]

Looking for a double top possibly today as I exit today. I be senior bowling today.

 

[Bquat]

Looking for a double top possibly today as I exit today. I be senior bowling today.

Got that but downside is not as bad as I thought, yet.:worried:

 

[Bquat]

I like the ladders again! I would like to see a switch line bounce tomorrow and then continue up. You could be right though, this could be gaining momentum. If that is the case then the holidays could be huge this year!

No your right and as always better at picking direction. I did exit with the weakness. Doing somewhat better. You can have the bounce.

 

[Mcqlives]

But is 1740 now the bounce...or is my 1729 still in play?!?!?!

 

[Bquat]

But is 1740 now the bounce...or is my 1729 still in play?!?!?!

1729 would be a better bounce spot. We cower the gap at that point. But things may not be broken until the purple line is broken. I bailed with weakness because this is really the only gain I can protect this year. I'm thinking we're broken or other shoe drop syndrome. Something like that. We're up with continuing QE and that can't be sustained. I'm generally wrong thinking that. Bad economy news is good news.

 

[Bquat]

Left of the peak this level was a high base. Right of the peak this level is a low base. Still using the top of the purple channel as support, so this may just be sideways consolidation. Need to reenter the white channel soon for those that remain it. Nothing looks really broken being above the rising 5 day. I may have got spooked early but Halloween is coming up.