Bquat's Account Talk

Can you explain this a little more... I'm new.
I think you are saying if we can get above our 11 day trend then you predict it is going up... since it has stalled below your green line you stick with the trend.
If it goes above the green line and then bounces off of it then you would switch to up...
you need more time to make a decision so no decision today... tune in Monday.
Yes you are right. Since it's above the green line it is above the resistance I thought would hold. It broke an hour after deadline. I played the odds wrong but under my new method I have to see confirmation before I move.
 
Bquat...would like to see one of your charts right about now...very curious what it will look like going into the weekend. Thanks again for all your work and posts.
 
Bquat...would like to see one of your charts right about now...very curious what it will look like going into the weekend. Thanks again for all your work and posts.

Here is literally my first ever chart...

Is that a channel looking to be filled on the upside? (sorry for hijacking your thread...I guess I need to start my own soon)


Capture.jpg
 
Bquat...would like to see one of your charts right about now...very curious what it will look like going into the weekend. Thanks again for all your work and posts.
Well I may be following you guys from behind. I did miss the down move. Maybe I'll miss the up move too.:o
 
Not much happening yet. So far market happy with blue line to red line price range. Here's my four line channel:
 
Bquat, great graphs. I think the market seems to be pausing a bit for Yellen's comments to Congress tomorrow.
Because of the last two jobs reports they want her to say she'll pause QE taper but fear she won't because unemployment dropped to the projected 6.5% QE end level. So market rallied because two low job reports was thought as good news.:rolleyes:
 
Because unemployment is the key number, I don't think they'll pause QE tapering. Probably drop it by less, like $5 billion this month instead.
 
With two longer term moving averages above and no good news yet, I won't be entering today.:suspicious:
 
Ok if you put salt on my tail and hold me to an unbiased guess. Under how the market thinks since last year, bad jobs report will be good news on taper. If bad news on jobs continues because of weather and bad weather continues, the Fed may say something before the next wave of storms. That's original the Fed worried about the weather. It could happen. Fed help into spring. Anybody agree?
Ok, second job report bad because of weather and now an even stronger storm may be coming through. I said that because of 6.5% unemployment was in favor of continuing taper but now with this triple weather event I don't know. This may cause the third month of lower hiring, third month of less spending and a third month of less productivity, that can be technically interpreted as an economic downturn. So maybe she'll talk to prop things up. So that's good unless the market thinks the economic outlook is bad.:rolleyes: Catch 22 again.
 
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