Bquat's Account Talk

[Bquat]

Looking a little bullish at the open here. The top of the channel is looking like it's drawn right. Will it hold because this has been a pretty long move up:

 

[Bquat]

Must of slept since then. Forgot bigger:

 

[nnuut]

Volume is still low, might go sideways to up!
http://stockcharts.com/h-sc/ui?s=$SPX

 

[Bquat]

Volume is still low, might go sideways to up!
$SPX - SharpCharts Workbench - StockCharts.com

Yea but, yea but do you see RSI on your chart and what happened last time it hit that level. Then again we can become embedded.

 

[nnuut]

Yes but we've seen this drift up wall of worry scare many of us out [that's the plan] so they can buy our shares, then a couple of small losses and we jump off of the train in droves, so they have more available to buy. Then we sit on the sidelines cursing at ourselves when it makes new highs and the big boys sell everything in one or two days and go short! Screwed again!

 

[Bquat]

Yes but we've seen this drift up wall of worry scare many of us out [that's the plan] so they can buy our shares, then a couple of small losses and we jump off of the train in droves, so they have more available to buy. Then we sit on the sidelines cursing at ourselves when it makes new highs and the big boys sell everything in one or two days and go short! Screwed again!

Yea but I already did the exit thingy and want a drop for reentry. You may be exactly right and I already missed near 2% so I'm just saying the odds are in my favor. Just saying 60/40 down::worried:

 

[Bquat]

You know Nnuut we are -2% buddies and just a coin flip away from each other.

 

[Bquat]

Because of the ECB effect I have created a nothern branch of the river (River 2). I am still expecting a pull back but because of the increased money into the US markets the pull back may be shallow, somewhere between the rivers. If it only goes to river 2 I may only go 50% in and to river 1 maybe more. Below river 1 I think we're back to a deeper dip.

 

[Bquat]

The bottom of my ascending triangle has just tested as resistance from below. The projection of the triangle may be small yet big enough to cause a change in direction::worried:

 

[WorkFE]

Bquat,

Is it your plan, at the moment, to buy between the rivers? (1927-1940) Provided the floor looks solid.

 

[Bquat]

Bquat,

Is it your plan, at the moment, to buy between the rivers? (1927-1940) Provided the floor looks solid.

I'm thinking of a partial buy in but the downward movement momentum may determine where I may buy. I'm kinda looking for at least 2% gradual drop. You never know with low volume. It's kinda look and see.

 

[Bquat]

It's always nice to have a redraw to make your chart look right:

 

[Bquat]

If we don't drop soon there might not be a change of direction. Hybrid chart:

 

[WorkFE]

I'm not seeing it.

 

[Bquat]

I'm not seeing it.

I was expecting a down move and it turned into a high base sideways movement. In other words this may not be a new high and drop move:

 

[JTH]

I was expecting a down move and it turned into a high base sideways movement. In other words this may not be a new high and drop move:

On the 1 minute chart, there is a 1950 double top and a 1947 double bottom, which ever level gets breached....

 

[Bquat]

On the 1 minute chart, there is a 1950 double top and a 1947 double bottom, which ever level gets breached....

Look at the bottom of the page. Everything seems to be correcting through time instead of price. JMHO Hay I went to see a movie and there was just three or four posts while I was gone. Is the paint dry by now?

 

[Bquat]

Had my longer term chart drawn out with Fib. lines for possible correction that may not come now:

 

[Bquat]

Test

 

[BichonFreeze]

May be taking a bit of a dive today. Futures looking a bit negative today.