Bquat's Account Talk

[Mcqlives]

Some call it the triple top reversal pattern.

Woulda, coulda shoulda...pattern is pretty much playing out.

 

[Bquat]

Woulda, coulda shoulda...pattern is pretty much playing out.

Not quite yet. Another lower high set again today. Here's the possible channel: Still possible lower low coming. 1796 still needs to be broken as confirmation.:worried:

 

[Mcqlives]

Not quite yet. Another lower high set again today. Here's the possible channel: Still possible lower low coming. 1796 still needs to be broken as confirmation.:worried:

I see it now too. I was jumping the gun thinking I missed out on a good trade. I had plotted a bounce point in the 1768-1776 range and was fixated on the 1772 hit. Eyes open again and will be watching tonights analysis...the futures will be very telling.

 

[Bquat]

I see it now too. I was jumping the gun thinking I missed out on a good trade. I had plotted a bounce point in the 1768-1776 range and was fixated on the 1772 hit. Eyes open again and will be watching tonights analysis...the futures will be very telling.

Talking about mine right? Some were calling 1776 as a bounce area.:notrust: With APPLE coming in bad I don't think anything light blue will hold. OK you asked for ladder before and since I have enough drop to get market pulse I'll try one. Remember downward ladders don't have as good results as up ladders. I still will be slightly bearish with each inter-day lower high.:worried: Momentum has stopped between the last red and the first light blue rungs but it is a low base. Yellow channel is a suggestion at this point. As always re-analysis of my charts and commentary is always welcomed.

 

[Mcqlives]

Talking about mine right? Some were calling 1776 as a bounce area.:notrust: With APPLE coming in bad I don't think anything light blue will hold. OK you asked for ladder before and since I have enough drop to get market pulse I'll try one. Remember downward ladders don't have as good results as up ladders. I still will be slightly bearish with each inter-day lower high.:worried: Momentum has stopped between the last red and the first light blue rungs but it is a low base. Yellow channel is a suggestion at this point. As always re-analysis of my charts and commentary is always welcomed.

Now you sound like Kramer!

I am thinking we could hit 1771-72ish again tomorrow and that this may develop as a base. This may be wishful thinking on my part but if I am right you may have another rung in there by tomorrow afternoon.

 

[Bquat]

Close up for tomorrows action:

 

[Bquat]

Not much going on. Thought when I first looked that the market may be on the move but it only confirmed the rung as resistance. Still no confirmation of an up side yet.

 

[Bquat]

Is the Fed going to say something today? It seem the market is waiting for news before the 1% decision point is decided.:suspicious: Still in a low base waiting.

 

[Bquat]

Thanks guys, I didn't even realize I had over 300,000 views. Somebody likes looking at my stuff.

 

[Bquat]

No move for me today. Red and blue rungs establishing a low base trading range.Trying to give you time to decide.

 

[Bquat]

Coiling for bigger move Don't mess with my ladder.:blink:

 

[Mcqlives]

Coiling for bigger move Don't mess with my ladder.:blink:

forgot the sotu was tonight...markets may be meandering till pres speaks and the analysts digest everything.

 

[Birchtree]

Don't worry - it's a neutral. No one listens to the liar in chief anymore - not that I ever did.

 

[Bquat]

I'm not redrawing anything today, since there's a big chance of falling back into my ladder. Even if it doesn't, I can always redraw it then.

 

[Bquat]

Futures are confirming the up move. I may widen my ladder to a V pattern to maybe see if the downward pulse is equaled by the upward pulse. According to futures I guess they expect something good out of the Fed.:cheesy:

 

[Bquat]

Ladder to V pattern. Bearish to bullish. This will have to do until it doesn't::blink: Chart for tomorrow possible reversal of my bias.

 

[Bquat]

Futures took me for a loop.:embarrest: JTH called it when it was moving too fast, he said he didn't trust it. So now we're back in a low base::worried:

 

[Bquat]

Ladder time:

 

[Bquat]

Was kinda thinking of 50% S move but with countries raising interest rates I don't know. Sure we can get a Fed pop but I'll miss that anyway. Also, I figure the possible shoulder is just a little over 1% away. So with futures big reversal this morning and mid-term risk/reward at 60/40 I'll pass. Staying put.:blink: This is just my speculation.

 

[Bquat]

Now if you disagree speak up quick for others. Yeah you too Birch.