Bquat's Account Talk

[Bquat]

I give my post holiday action a 50/50 chance:

 

[Mcqlives]

I give my post holiday action a 50/50 chance:

I'm beginning to get worried that this is the end of the current broader channel. You chart, and others I have been looking at, are showing a nice rounding to the top. If we don't break upwards soon I see a series of lower highs and lows for the intermediate term. Of course, since I say that, the markets will shoot higher. Of course since I said that I have now jinxed the jinx and....ohhhh, the H%ll with it! time for some Beam on the rocks! Happy federal Friday!

 

[ravensfan]

I'm beginning to get worried that this is the end of the current broader channel. You chart, and others I have been looking at, are showing a nice rounding to the top. If we don't break upwards soon I see a series of lower highs and lows for the intermediate term. Of course, since I say that, the markets will shoot higher. Of course since I said that I have now jinxed the jinx and....ohhhh, the H%ll with it! time for some Beam on the rocks! Happy federal Friday!

Relax Mcqlives...Stress is bad for you!!!

 

[JTH]

I'm beginning to get worried that this is the end of the current broader channel. You chart, and others I have been looking at, are showing a nice rounding to the top. If we don't break upwards soon I see a series of lower highs and lows for the intermediate term. Of course, since I say that, the markets will shoot higher. Of course since I said that I have now jinxed the jinx and....ohhhh, the H%ll with it! time for some Beam on the rocks! Happy federal Friday!

You aren't fooling me, you're just trying to tamp down the bullish sentiment

 

[Bquat]

Stayed with a sideways consolidation in futures and ready to take on next level. No holiday trend reversal:

 

[Bquat]

Even though this is making me look bad at the moment, this is the confirmed higher low we needed: So, droids you're looking for not, move on you must.

 

[Bquat]

Sideways consolidation is good but I will remain at 50% level. No change today.

 

[AircrewChief]

So, droids you're looking for not, move on you must.

GEEK ALERT!

Your parsing of the text indicates Master Yoda, but that line was actually spoken by Obi-Wan Kenobi.

/geekrant

 

[Bquat]

Even though this is making me look bad at the moment, this is the confirmed higher low we needed: So, droids you're looking for not, move on you must.

And close at today's high: So, droids you're looking for not, move on you must.

 

[Bquat]

Futures continue sideways action indicating a neutral to slightly bullish open today. Since 4 PM yesterday you can see a small Inverse Head and shoulders continuation pattern which leades me to belive the slightly bullish open: S&P 500 Futures Live Advanced Chart

 

[Bquat]

Even though this is making me look bad at the moment, this is the confirmed higher low we needed: So, droids you're looking for not, move on you must.

Now the confirmed higher high: Now we have to decide if we want to exit and maybe save the resent recovery of the majority of my loss or double down and risk for gain now that longer term weakness may be fixed:

 

[Bquat]

I am holding on to my last IFT and trying to save it post holiday if can. I feel worst case today is gap fill but the 50 day is acting too strong for that maybe. !842 fixed the short term and 1845 fixed the mid term and 1875 will fix the shorts. I just have my holiday doubts.

Had to look in the past for this: Now if we can stay above 1875.

 

[Bquat]

We just went back and filled the majority of the gap and tested the green line. Looking good so far:

 

[Birchtree]

Why not take out the old high of 1890 today - just to keep things interesting.

 

[Bquat]

Why not take out the old high of 1890 today - just to keep things interesting.

Birchchart: 40/60 chance. I think the longer term may be with you.

 

[Bquat]

Going with Birchchart. Going 100 S today. I think shorts will start to cover and S fund will follow suit. This is a very bold move for me. We should start building a high base right here:

 

[Cactus]

Going with Birchchart. Going 100 S today. I think shorts will start to cover and S fund will follow suit. This is a very bold move for me. We should start building a high base right here:

Hope it works for ya. I'm expecting it to bounce off the the 50 day MA.

 

[Danny]

Hi Bquat, is it possible that we just hit the right side neck line of an inverted head and shoulder pattern? If so, could the the bottom of the right shoulder be projected where the gap is at the bottom of the orange channel and near the 11 day? I'm in so I am hoping it just goes up from here! The BB and Slow Sto look like we have the potential of climbing further before any large down turn... but IDK ?

Thanks,
Danny

 

[Bquat]

Hi Bquat, is it possible that we just hit the right side neck line of an inverted head and shoulder pattern? If so, could the the bottom of the right shoulder be projected where the gap is at the bottom of the orange channel and near the 11 day? I'm in so I am hoping it just goes up from here! The BB and Slow Sto look like we have the potential of climbing further before any large down turn... but IDK ?

Thanks,
Danny

No I think we went too high for that: Notice blue line:

 

[Bquat]

These ladders are the same size: I'm wanting the shorts to capitulate to the bull side longer term. Have no idea if I'm right but I feel good about it.