Bquat's Account Talk

[Bquat]

Bquat - I still have my headphones on, glad I went long (from post on March 16 below). Those who know my conservative ways know that it's not my normal way to wealth. However, my research showed it was a good time to go long. My previous instinct was to go for a quick hit and get out to the G Fund.

On March 6, I went from 100% cash to fully invested over a 3 day period, so definitely no awesome market timing there short-term. But, the signals were what the signals were, so I went with it and then turned off CNBC etc. and followed my plan. I did later move on March 12 from L2030 to L2050 as that was a better choice given the risk level of the other investments.

Yellen threw the market a kiss today and the 180 was priced in. So 1% gains across the board with the news. I am glad for you.:smile:

 

[Mcqlives]

Hey buddy...thought I would make it easy for you to find your page:nuts: I have 2077-2138 drawn as a short frame range with 2104ish as a pivot point. All on SnP of course. I'm looking forward to your Friday charts to see how my scratches line up with some of your works of art And, FYI, I really suck at trying to draw rungs! One of these days I'll retire and learn how to chart like you!

 

[Bquat]

Hey buddy...thought I would make it easy for you to find your page:nuts: I have 2077-2138 drawn as a short frame range with 2104ish as a pivot point. All on SnP of course. I'm looking forward to your Friday charts to see how my scratches line up with some of your works of art And, FYI, I really suck at trying to draw rungs! One of these days I'll retire and learn how to chart like you!

Thanks buddy.

 

[Bquat]

Well guys, last week I guess I was a little too quick and came up with both a bullish repeat pattern and shortly after I came up with a bearish H&S pattern. It really wasn't what I was trying to accomplish here. Neither chart was unbiased and I was interpreting the charts to what I was seeing instead of putting them out there for your interpretation.:embarrest: So I did a little redraw on the lines and took most of the short term stuff out. The lines are what they are with maybe a little of my influence. I did a complete redraw of AGG and think I got the jest of it so you might want to check it out. I've cut down to four charts this time to maybe get a better draw of each. So in the morning they should be here for your morning coffee.:smile:

 

[Bquat]

More charts:

 

[Bquat]

Charts:

 

[Mcqlives]

Thanks for the Charts! Now if we can figure out why 2104 is acting like a ceiling again?!?!?!

 

[Shamus13]

From where I'm sitting I like these charts but the markets have a way of throwing curve balls.

 

[Bquat]

Didn't see support hold today where I expected it. Look for blue lines on Friday's charts.:worried:

 

[Mcqlives]

Didn't see support hold today where I expected it. Look for blue lines on Friday's charts.:worried:

DItto. I'm planning on going G tomorrow unless we hit 2056ish and bounce strong or climb through 2077ish on good volume. Either of which will have to happen by noon for me to stay in.

 

[Mcqlives]

I was in a meeting that went long this morning so did not get a transfer in. Maybe it was a good thing...since we bounced at 2045 (last low was 2040 on the 11th but 2044 was a low on the 10th and the previous low in this area was Feb 9th at 2046) and the day closed at 2056 (which is real close to your midterm line and the 100dma). So this raises the question...will 2056 be the short term ceiling or short term floor?

Do me a favor...maybe just for humor purposes...but please post a bullish chart!

 

[Bquat]

I was in a meeting that went long this morning so did not get a transfer in. Maybe it was a good thing...since we bounced at 2045 (last low was 2040 on the 11th but 2044 was a low on the 10th and the previous low in this area was Feb 9th at 2046) and the day closed at 2056 (which is real close to your midterm line and the 100dma). So this raises the question...will 2056 be the short term ceiling or short term floor?

Do me a favor...maybe just for humor purposes...but please post a bullish chart!

Don't know if I can my friend. I will draw the charts like they are but there is a 60% chance that the blue line where I expected as support will now act as resistance. Last year this time period ( Mar - Apr ) kicked my bottom and I didn't come all the way back from it. I will show you what I have but not what I think.:embarrest: I may add a longer term transports chart with the midterm chart because the forest can be different from the trees.:blink: So, I will post early so you can pick at them.

 

[Bquat]

Transports has an ugly midterm but is the longer term just a sideways consolidation? Bottom bluegreen line made from mirror of top line:

 

[Bquat]

More charts:

 

[Bquat]

I thought we would see support at the blue line but will it now be resistance? Is the midterm broken and will we test the bottom of the long term channel:

 

[Bquat]

Feel free to comment yeah or neigh.:smile:

 

[Mcqlives]

Unfortunately I agree with you....maybe even put it closer to 70/30. Your midterm could be read as bullish but I can't make myself believe in it.

 

[Bquat]

Coffee's done and now we can watch the open. Sun is bright this morning here in sunny El Paso:

 

[Bquat]

Looks like we're coiling up for a bigger move.

 

[Bquat]

Well you guys have fun. I got to go.