Bquat's Account Talk

[Bquat]

Now to see if this is close enough. Inverse H&S Charts:

 

[Mcqlives]

Little bit of a redraw needed...but 3rd test going on now....

 

[Bquat]

Little bit of a redraw needed...but 3rd test going on now....

My I H&S patterns may have been overshot may redraw one in the morning

 

[Bquat]

My I H&S patterns may have been overshot may redraw one in the morning

I guess there was room for the drop:

 

[Bquat]

Moved the circle out of the way to see the gap fill. Even with this fill the market is moving in a different direction than I was expecting. Maybe going for a head test.:blink: Need to turn around quickly and get above the gap level. Then I will move the circle back::suspicious:

 

[Bquat]

Hope SPX is the leader. Charts for December:

 

[Mcqlives]

Thanks for the charts! Now I can get rid of my for a week or so:laugh:

 

[Mcqlives]

My “scratchings” is what I meant to type. Again, thanks!

 

[Mcqlives]

Your mid-term channels may be the walls on this bumper-pool table of a market. I know you will have a re-draw at some point but your ranges are a good reference for the coming week (I hope!).

 

[Bquat]

I haven't redrawn my longterm channels for a while because of news over speculation. I stretched out time for a look at the old ones and don"t know if I will redraw yet. Longterm?

 

[Bquat]

Bonds seem to be popping on bad China news. So are stocks consolidating while waiting for good China news. I have no idea::embarrest:

 

[Bquat]

What do you guys think about the yellow channels? Inverted F flags?

 

[Mcqlives]

I want to say yes but can't quite get there. Just too many out of range points during the past few weeks for me to give a confident answer....so having to stick with a maybe and a hope so.

Markets like this give good profit opportunities IF one can pick the right ins and outs. I have been lucky lately and made good bank but I'm not seeing anything solid to base a move into the markets right now. I am in a wait and see mode. Even if the markets go up I am looking for some form of short term bull confirmation before getting in. And then I will be looking at a bail point after just a point or 2 at most. Happy trading all!

 

[Mcqlives]

Your post, and my response, tickled in the back of my brain for a while. Enough so that I had to come back, look again, and do some more digging on the chance these are inverted F's. I'm still not 100% but they easily could be. Again, maybe I don't want to see it...but if they are solid indicators, and after considering the fall we have had with the rise in volatility, inverted F patterns could easily be harbingers of serious correction territory very soon.

Anyone reading this, please don't take this as solid analysis on my part. The comments I have made are at least 30% gut feeling and 21% holiday cheer (sipping Baileys and Amaretto in my coffee all day; YUM!) but I am concerned. I'm not saying there isn't money to be made...just that very high caution in warranted. Good luck everyone!

 

[Bquat]

Inverted F's are negative until they pop positive.:blink:

 

[Mcqlives]

Yep...timing is everything in this market. I am looking at how close we are to bottoms and having an inverted F form this close frankly spooks the hell out of me. But that doesn't mean I won't be buying in if we have a bounce I can see coming

 

[Mcqlives]

Didn’t see that coming

 

[Bquat]

Won't be able to do chart of S fund for a while. Big glitch messed chart up. Would of liked a 458% gain though.

 

[Bquat]

Glitch fixed.:smile: Don't know if this is right but here's the redraw with the last two lows:

 

[Bravo Sierra]

What do you guys think about the yellow channels? Inverted F flags?

How about a big bear flag on the S&P from late Sept until now? I'm not married to the idea that the flag has to point up. If so, it's resolution forecast is approx. 2490...