Bquat's Account Talk

[Mcqlives]

My H&S prediction has been met but the down candles are increasing in length. Look out my little buddies. The bottom of the yellow channel has been tested as resistance and we are dropping.

I'm back to the g pad after picking up almost another 2% (if we close at the current level today). Not complaining but I sure would have like to seen the 1826 area before this pull back!

 

[Bquat]

Good movement after we got near the 20 day. I think it was more of the computers buying at 1% to take a look more than a support line. We still have a lower low and can still establish a lower high. bottom of white channel could still be resistance. So I left it in. DCB maybe after being 2% down.

 

[polarbear]

I had to look that up. Dead cat bounce.

 

[Bquat]

Looks like a bullish engulfing pattern but I'm looking for the dark orange line to hold but we'll see. Then there's the 11 day for still a lower high. I'm staying out at this point.

 

[Birchtree]

The rally from 1982 lows to the 1999 highs encompassed some 10,700 points - you don't really think we're done yet - that's a line from a movie.

 

[Mcqlives]

Looks like a bullish engulfing pattern but I'm looking for the dark orange line to hold but we'll see. Then there's the 11 day for still a lower high. I'm staying out at this point.

Don't forget the other shoulder. The rebound so far today is not working off of any resistance lines...this could very well be a weak intraday bounce with no sustainability.

 

[Bquat]

Nice bull flag but I need a higher high before I believe it.:notrust: Still have a lower high today.

 

[Bquat]

Don't forget the other shoulder. The rebound so far today is not working off of any resistance lines...this could very well be a weak intraday bounce with no sustainability.

Ok, all righty then::worried:

 

[Bquat]

Nothing much showing a real change in direction. Testing the 20 day from below. Subdued longer term channel because of midterm weakness. Thinking making red diagonal line the switch line for a higher high line.:notrust: Coiling up for a down move but you never know. You thinky good news is bad.:worried: I'll give it 20 min but don't think I'll enter yet.

 

[Bquat]

It doesn't work as good as up ladders but I'll give you one for fun.

 

[Bquat]

With major stores and others adding 12 - 18 hours to black Friday, I'm expecting sales to out due last years. It will look like solid gains to the market. So I would like to be in by Thanksgiving. I think the market will pop until they figure gain / increased labor costs for overtime. I figure 40/30 just to show 15% profit at 12 % added cost. If they can hide costs.:suspicious:

I said this on November 7. Ok 3% gains and 7% increase in labor costs. This I what happened to your Santa rally.:suspicious: They weren't able o hide costs.

 

[OBXTrader]

Unless something changes, your chart accurately showed bumping up against resistance near 1791.

Oh, by the way I am out of hibernation from October. Didn't do single trade in all of November, sat in G Fund and drew humble interest. Better to be out of the market wishing I was in, than in the market wishing I was out.

 

[jkenjohnson]

Unless something changes, your chart accurately showed bumping up against resistance near 1791.

Oh, by the way I am out of hibernation from October. Didn't do single trade in all of November, sat in G Fund and drew humble interest. Better to be out of the market wishing I was in, than in the market wishing I was out.

Hey I'm from NC. Is that the Cape Hatteras Lighthouse that was moved or anothe one? It is hard to tell from the picture?

 

[OBXTrader]

Believe that one is from the new location. You can still visit the old location, but it's on the beach.

That is if you can get there, the Bonner Bridge was condemned Tuesday, shut down and state of emergency declared by Governor. Emergency ferries started running out of Stumpy Point to Rodanthe (2.5 hour ride) yesterday.

 

[Bquat]

No lower low today but we do have a lower high. Two sell offs after testing the 20 day as resistance. Not good. Ladder still good.

 

[Scout333]

Unless something changes, your chart accurately showed bumping up against resistance near 1791.

Oh, by the way I am out of hibernation from October. Didn't do single trade in all of November, sat in G Fund and drew humble interest. Better to be out of the market wishing I was in, than in the market wishing I was out.

Words of wisdom for sure! Our situation is just this- we're sitting in a slingshot being pulled back a little every day! Then WHAM-Away we go!!! JMHO
Guess when!!

 

[Bquat]

I didn't see this big of move coming. We're at the 1% hesitation already. Big reaction to GDP number. Is this the right shoulder or is good news finally good news? As with the Fed announcements I'll wait a while until I decide. It is above my switch line.:notrust:

 

[nnuut]

Appears to be a Camel Hump UP-Tail signal?:laugh: JOKE! But you never know.

 

[Bquat]

No continued strength after the market's hesitation at the 1% level . Even though we look stronger, I am hesitant about entering.:notrust:

 

[Bquat]

Somebody give me an 1803. I don't trust this yet and I will wait to see a push. 10 min :notrust: