Bquat's Account Talk

[Bquat]

No contrary posts? Well yes guys this is a bull flag forming. People are buying in to bring it to the top again and again. Remember the last time we followed the flag down. We did get a move up but it didn't get us big gains. I only broke even because I rode 2/3 down at 50% and 4/5 up at 100%. The big guys know how trusting a bull flag can seem and stop their shorts at the bottom line not to negate it. They are continuing to make profit as the decline continues.This has been a manipulated market. This is my theory and can be completely wrong. But sometimes Spidey misses drops. Just be careful and watch the light blue lines as support and notice I'm not showing any strong support. As always this is just looking with a negative bias to protect Capital.

 

[Sensei]

No contrary posts? ...

Lately I'm afraid to post what I think, because as soon as I open my mouth, the market makes me insert my foot.:embarrest:

However, I just went in 100% with my last IFT. Probably a dumb move, but as I posted in my own thread, I'm buying in at a lower price than I last sold. So, let the dice roll.

 

[Bquat]

Lately I'm afraid to post what I think, because as soon as I open my mouth, the market makes me insert my foot.:embarrest:

However, I just went in 100% with my last IFT. Probably a dumb move, but as I posted in my own thread, I'm buying in at a lower price than I last sold. So, let the dice roll.

I don't know. You may have made a good move. We may gap fill today and you buy even lower. The two lines of support arn't holding. Will the shoulder level hold? Don't know. We may fill both gaps.:worried:

 

[Bquat]

I like Spidey sense.

 

[Mcqlives]

I like Spidey sense.

I do too but I don't like what your chart shows (with the 1200 mark)...and what is even scarier is if you draw it out (1120ish!?!?!?!)

 

[Bquat]

Now we see if the bottom of the channel acts as resistance. If it does this is really bearish.

 

[Mcqlives]

And of course any test of the channel will happen after noon.

 

[Bquat]

And of course any test of the channel will happen after noon.

No, it already tested and if we drop 1.2% it can go to 2.5% drop quickly as shorts buy under 1213.50.

 

[Bquat]

Wow look at the buy in on the tracker. Not me.:worried:

 

[Bquat]

No, it already tested and if we drop 1.2% it can go to 2.5% drop quickly as shorts buy under 1213.50.

Here we go.

 

[Mcqlives]

Oh, your channel was the 1213 mark...I am looking (longer trend) at 1202ish.

 

[Bquat]

Oh, your channel was the 1213 mark...I am looking (longer trend) at 1202ish.

Don't you see my little red circle to the right?

Somebody is trying to support this level. We already broke support but may Birch is buying.

 

[Bquat]

Don't you see my little red circle to the right?

Somebody is trying to support this level. We already broke support but may Birch is buying.

Oh here's a chart.

 

[Mcqlives]

Now grasshopper sees...and what is with the "maybe"? Birch is always buying!

 

[Bquat]

Now grasshopper sees...and what is with the "maybe"? Birch is always buying!

I guess I was wrong with 1214 level. I guess 1210 was the support line. My bad

 

[cak165]

Think this selloff is way overdone, I'm looking for a reversal here in the last half hour and a rally into next week. It looks like it's a manufactured selloff, at least in the equities and commodities, I still think there's a lot of pressure on the hedgies and the desk traders to close the year in the black for their clients. There are big bonuses on the line, I'm all in as of COB today.

 

[JTH]

The 20MA is below the 50MA which is below the 200MA and price is below all 3MAs, not good...

 

[RealMoneyIssues]

Think this selloff is way overdone, I'm looking for a reversal here in the last half hour and a rally into next week. It looks like it's a manufactured selloff, at least in the equities and commodities, I still think there's a lot of pressure on the hedgies and the desk traders to close the year in the black for their clients. There are big bonuses on the line, I'm all in as of COB today.

The 20 crossed the 50 yesterday and the last time that happened was on Aug 5th... I am going to have to seriously rethink my positions based on the action tomorrow...

 

[Bquat]

The 20MA is below the 50MA which is below the 200MA and price is below all 3MAs, not good...

I'm looking for another down day. We set an even lower low and lower high and dropped out of the channel. Looking for 1204ish to hold but nervous that the market may go ahead and gap fill the next gap.:worried:

We can bounce at 1204 and satisfy the inverse H&S. With the dollar maybe topping this may happen. With there not being a bounce today, I don't think a bounce tomorrow either. We shall see.

In my Capital Preservation mode, I have to see good confirmation to the up side and it's not to far to where the top of the channel is resistance.

 

[MrJohnRoss]

How do you like using freestockcharts?