Bquat's Account Talk

[Bquat]

I'm getting real itchy about maybe reentering with seeing a inverse H&S following the 11 day but a lot of times my itch isn't trustworthy.:notrust:

Now see is Spidey sense works.

 

[Bquat]

It's been a while since I used spidey sense for upside. With this new spider, I be looking for a 2% up move from here. If this line holds as I go bowl:

 

[Bquat]

Thanks Tom. I didn't notice the autotracker link until now. Now people can see my true value.

 

[Bquat]

Spidey line held. Check Inverted H&S good(I hope). Check In just above all moving averages. Check Now to see if I'm right.

 

[Bquat]

Now news feeder is talking about taper talk. Right after I'm in.:blink:

 

[Bquat]

Out of pocket senior bowling, but I'm OK.

 

[Bquat]

This looks like it's drawn better for todays action. Too bad drawn this way shows us at resistance. We do have a set higher low and higher high.

 

[Bquat]

Bingo! I got this. This is almost a three horseman bull move. I want my 1800 inverse H&S prediction.

 

[Bquat]

I'll clean the chart up and draw maybe a new channel for tomorrow after I settle down. Can't draw unbiased right now.

 

[Bquat]

Here's a four channel multi-view chart. The 11 day supported (spidey) channel shows the inverse H&S shoulders and base. The orange shows the 20 day supported channel. The purple is the 50 day supported longer term channel and where we're most likely to top out. The white channel is the (too bullish) Birch train channel. 1800 is predicted, 1794 is more likely and 1764 is possible. Todays action cleared up some of the risk longer term but as always it's always there at the 50 day. The bonds bubble may burst and no where to go but equities. Disagreement is welcomed because I am too bullish.:blink: I could take out the spidey channel for a clearer picture if you want.

 

[Danny]

Bquat, Isn't there a rule of thumb that a completed IHS has potential to gain the same distance as the distance from the neckline to the bottom of the head? Is that your gray line? If so, what is the projected target...1800? and the top of the orange channel? Seems to fit! Also, is there any rule with multiple IHSs lining up? Looks like there was a mini one just before this one formed?

BTW I don't post much but always look for your charts before I pull the IFT trigger...so thanks!

Danny

 

[Bquat]

Bquat, Isn't there a rule of thumb that a completed IHS has potential to gain the same distance as the distance from the neckline to the bottom of the head? Is that your gray line? If so, what is the projected target...1800? and the top of the orange channel? Seems to fit! Also, is there any rule with multiple IHSs lining up? Looks like there was a mini one just before this one formed?

BTW I don't post much but always look for your charts before I pull the IFT trigger...so thanks!

Danny

That's correct 1800 is projected but I think the longer term purple channel can stop us.

 

[Bquat]

Less bias chart for tomorrow:

 

[JimmyJoe]

Here's a four channel multi-view chart. The 11 day supported (spidey) channel shows the inverse H&S shoulders and base. The orange shows the 20 day supported channel. The purple is the 50 day supported longer term channel and where we're most likely to top out. The white channel is the (too bullish) Birch train channel. 1800 is predicted, 1794 is more likely and 1764 is possible. Todays action cleared up some of the risk longer term but as always it's always there at the 50 day. The bonds bubble may burst and no where to go but equities. Disagreement is welcomed because I am too bullish.:blink: I could take out the spidey channel for a clearer picture if you want.

The white channel is not just the Birch channel. I would include the upcoming holiday money flourishing, and the fresh, new Yellen factor, and that relentless QE support in that white hot channel that compromises that steep bullish incline toward 1800 and beyond.

 

[Bquat]

The white channel is not just the Birch channel. I would include the upcoming holiday money flourishing, and the fresh, new Yellen factor, and that relentless QE support in that white hot channel that compromises that steep bullish incline toward 1800 and beyond.

Really appreciate the visit. I do agree with the white channel but I didn't want to unduly draw people to the bull side too much. If the purple channel wasn't there or we were at the bottom half of it, I would promote the channel. Everything is bullish except that we're less than 1% of what I think is major resistance. Now if we we're to break it this channel could rule. The IH&S projection says we'll breach it but we're right off two fresh up legs. With pattern repeatability the second leg will top at the purple line as shown below: Now you have me seeing a ladder pattern starting. It looks like a good time to sell the top of the second leg and buy at the first of the month during the third leg if the pattern continues. The third leg could break the level because of how the rungs line up. This is just 30/70 speculation here.:notrust:

 

[Bquat]

You know how I like ladder patterns, let's watch this one work. We peaked right at where the second leg should of peaked. Haven't really decided if I was going to exit yet. We got to the rung quicker than expected. The correction before the next rung could complete before I can exit and reenter at the first of the month. So watch we will, yes?

 

[Bquat]

Calibrated the rungs a little and not seeing any weakness here. Staying in.

 

[Bquat]

How you doing? I think I'm doing fine. Just thought I'd talk to myself while waiting on responses.

 

[Bquat]

Expecting risk at 2% and potencies gain 2%.

 

[Danny]

How about doing a chart on the Wilshire 4500 (S Fund) ???

Danny