Bquat's Account Talk

[nasa1974]

I don't either, but I'll take it.

 

[Bquat]

Nice day but I don't know why there was an afternoon drift up: :suspicious:

I think I have my lines right. Now the morning drift down after a positive open: :worried:

 

[Bquat]

Chart still looking good with weakness keeping us from maintaining the high. The good note is we settled on nesting on my 18 DMA:

 

[Bquat]

Looking better but I'm not entering because double top is close and we're still in the bottom half of the channel. You can look at it and decide for yourself because I'm too bearish for my own self missing these short 3% gains but missing the drops also because we don't know with any accuracy when they'll happen. Are we there yet? :blink:

 

[nasa1974]

That and being limited to 2 IFT's makes it difficult.

 

[Bquat]

Looking better but I'm not entering because double top is close and we're still in the bottom half of the channel. You can look at it and decide for yourself because I'm too bearish for my own self missing these short 3% gains but missing the drops also because we don't know with any accuracy when they'll happen. Are we there yet? :blink:

I did say 3% right: :cheesy:

 

[Bquat]

Sorry I was away today but today's action keeps head and shoulders in play and a current double top I will check chart this afternoon

 

[Bquat]

Well looking at it this is confirming my belief that the double top will prevail. We are already back in the lower half of the channel without testing the top and maybe developing a bearish "M" pattern to 1500. Bulls should hope this is a bullish pull back and we are on slight support. I am happy to watch from the sideline::blink:

 

[Bquat]

Well looking at it this is confirming my belief that the double top will prevail. We are already back in the lower half of the channel without testing the top and maybe developing a bearish "M" pattern to 1500. Bulls should hope this is a bullish pull back and we are on slight support. I am happy to watch from the sideline::blink:

Just barely holding above support: :blink:

 

[Bquat]

I am at a doctors appointment today but had a Spidey sense alert. Just a heads up for you. I will check the charts when I get home :worried:

 

[Bquat]

Yeah yeah it looks like we found support, but I will draw Spidey's heads up anyway. :suspicious: Tested the bottom of my Midterm channel as resistance and didn't see this buy of the dip but ok::blink:

 

[Bquat]

Spidey is too bearish for my taste but I always give him the benefit of the doubt. 55/45 bearish chance:

 

[Bquat]

Yeah yeah it looks like we found support, but I will draw Spidey's heads up anyway. :suspicious: Tested the bottom of my Midterm channel as resistance and didn't see this buy of the dip but ok::blink:

Well it did confirm the breakout from the Midterm Channel but we are right there. Me I'm 50/50 but why did Spidey give a warning? He's bearish because we didn't get back to the top of the channel but he's hedging his bets at 55/45: :blink:

 

[Bquat]

Bulls dream this is a consolidation move but we would need good news. Just to show something contrary to what a bearish guy like me is thinking. Dream:

 

[Bquat]

Well so much for the Bulls consolidation idea. Downtrend is continuing at the same rate after both confirming the breakout of the channel with a test from below but also testing the small support line as resistance. The downtrend is drawn correctly so far: :worried:

 

[Bquat]

I didn't draw the gap because it was within the previous candle which I am considering as a false dip buy.

 

[Bquat]

Don't know what to tell you. Did the dip get bought enough to get us back into the consolidation box? Dotted down channel still good but is it really? Coin toss Friday: :blink:

 

[Bquat]

Don't know what to tell you. Did the dip get bought enough to get us back into the consolidation box? Dotted down channel still good but is it really? Coin toss Friday: :blink:

Looks like bulls are winning the coin toss. Chart:

 

[Bquat]

Weren't we supposed to get paid today? Just wondering.

 

[Bquat]

Weren't we supposed to get paid today? Just wondering.

Nothing yet.