Bquat's Account Talk

[Bquat]

Looking more like bear flag.:worried:

 

[Bquat]

Looking more like bear flag.:worried:

and more.:worried:

 

[Bquat]

The bottom of the white channel is acting as resistance. What has me wondering is why this isn't acting like another double top? Things should be breaking down while momentum is slowing.:worried:

 

[Bquat]

Are we good to go? I don't know. Under QE this formation is not a double top, it's an ascending triangle.

 

[Bquat]

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

Ok, I'll let you call it. 1729 it is. If we reach it, it will be my buy spot for November. Now let's get a consensus.:blink: I think that may be our 20 day touch.

 

[Bquat]

Just a reminder: Even though I want a 20 day touch, the QE enabled ascending triangle can out weigh the double top that it has done 4 or more times in the last run up. I just was cautious because I have some gains to protect. November would be a good month to be in but I would like a little consolidation for strength for this new ground we're covering. Coin toss anyone?

 

[Bquat]

A wise person knows if you give both sides in which the market can go, you can say you were right after what ever happens. Only problem is that I know how to do this but I'm not wise. Just hope my charts help someone.

 

[Dutchy]

=Bquat;428783 A wise person knows if you give both sides in which the market can go, you can say you were right after what ever happens. Only problem is that I know how to do this but I'm not wise. Just hope my charts help someone.

Your charts are a valuable resource to me as to many others, thanks Bquat...

As for your coin toss below, we should get a pop today with the Fed pumping 5.25 Bil., into
the Markets, the rest of the week has weak liquidity so we "may" consolidate, coiling for the pop
into Nov., Hedge/Mutual Funds will make purchases on 11/1 which should boost the Markets too..

 

[Bquat]

Showing the rate of ascent is decreasing but still can be considered a high base but ascending triangle is gone.:worried:

 

[Bquat]

Showing the rate of ascent is decreasing but still can be considered a high base but ascending triangle is gone.:worried:

Looking weaker but still within a high base.:blink: "These aren't the droids your looking for. Nothing happening here, move on." I be moving on to senior bowling.

 

[Birchtree]

I bet the hoofhearted will break your new channel today as the SPX exceeds 1770. Jimmy Joe has spoken.

 

[Bquat]

I bet the hoofhearted will break your new channel today as the SPX exceeds 1770. Jimmy Joe has spoken.

Well, I'll have to admit, you were right here. The rate of ascent is increasing again. But this cable car pace is just 1% over my exit. It is climbing though. I'm not getting the correction I was expecting.:embarrest:

 

[Bquat]

Here's the possible Fed move. Since there is no worry about a debt limit deal needing to be made, I feel the Fed won't sugar coat things to keep the market up during talks. They may announce they're considering tapering again to cause a small correction to avoid a bigger one later. This is only speculation on my part and there's only a 40/60 chance of it happening.:notrust: Just a heads up because I want a November entry and want to buy after a dip. I have redrawn the longer term channel. I have raised my switch line. And I have predetermined the Fed effect. What more could you want. I do think the overall market is more bullish but needs a little rest. This is my 1 cent and I would have to borrow the other cent for this to be worth my two cents.

 

[law87]

Here's the possible Fed move. Since there is no worry about a debt limit deal needing to be made, I feel the Fed won't sugar coat things to keep the market up during talks. They may announce they're considering tapering again to cause a small correction to avoid a bigger one later. This is only speculation on my part and there's only a 40/60 chance of it happening.:notrust: Just a heads up because I want a November entry and want to buy after a dip. I have redrawn the longer term channel. I have raised my switch line. And I have predetermined the Fed effect. What more could you want. I do think the overall market is more bullish but needs a little rest. This is my 1 cent and I would have to borrow the other cent for this to be worth my two cents.

Im with ya for a little pull back...then santa rally into a crash.

 

[JimmyJoe]

Im with ya for a little pull back...then santa rally into a crash.

The market that people hate. They jus don unerstan it. It will hit 1900 by December 30.

 

[law87]

The market that people hate. They jus don unerstan it. It will hit 1900 by December 30.

Is that Birchtree second account? Lol jk. Im sure itll get near there.

 

[Bquat]

Cleaner charts for today:

 

[Bquat]

Finally showing some weakness I was expecting.:worried:

 

[Bquat]

You know my friends, I was going to tell you this is a bull flag. I don't think it is. It's and increase of volatility. I won't even say it's a falling wedge which is also a bullish sign. I think it's people buying the dip but more people concerned it the failed test of the five day. This is a first test of the moving averages with this bull thrust we just had. If the 5 day is not recovered, the market will have to believe it short term bearish. This makes my switch line in play and my recent TA good. Ok, my resent guessing better. Remember a rising 5 day makes the market innocent until it's proven otherwise. (Brian Shannonism) So watch the 5 day. I want my setup for November.

 

[Bquat]

Boy is the site quiet. Even though the market currently trying to make me look bad, todays action still has a lower high and lower low today. Now we wait for the market to realize that.:worried: