Bquat's Account Talk

[Bquat]

Let's do it again and break this level. Make yesterday a bear trap.

 

[nasa1974]

It would be great to close above the red line. But let's not get to giddy there is still 3 hours to go. I still think we will see some kind of sell off tomorrow. Folks won't want to be long over the weekend. But if good news follows Mondays meeting Tuesday will be a day you want to be in the market. Nice charts.

 

[nnuut]

It would be great to close above the red line. But let's not get to giddy there is still 3 hours to go. I still think we will see some kind of sell off tomorrow. Folks won't want to be long over the weekend. But if good news follows Mondays meeting Tuesday will be a day you want to be in the market. Nice charts.

You can say that again.

 

[Bquat]

Looking good red line tested once.

 

[Bquat]

Bull flag worked again and we closed above resistance. I'll have to rechart things.

 

[Bquat]

Damn, we just closed below the top of the little channel.:worried:
I hope support holds. I don't want to fight the level again. So I wish for another up day to get rid of the little channel. I don't want to go back to the bottom again.
I'm bullish fo tomorrow.

 

[Bronco07]

Bquat,
Good info ...... continuing an education from your charts & posts. Since the S&P busted through the flat top resistance, standing by for your next chart.... thanks for everything you do ....... cheers

 

[Bquat]

Bquat,
Good info ...... continuing an education from your charts & posts. Since the S&P busted through the flat top resistance, standing by for your next chart.... thanks for everything you do ....... cheers

Hey I'm almost a Technical Analysis Guru. Up over a hundred places on the tracker. Not really just on the right side this time. I been taking a real chance for a Capital Preservation type. I just really believe that some one is propping up this market. Also the fact that the press is really pressing the good news, propping up the economy news. I also really believed the inverse head and shoulder was correct and surprised the market didn't react right to it. Also the moving averages are still moving upward and we have strong support just 2% down. I truthfully don't know if we will go back down to the bottom of the channel, since we're at the top. The saying is that strong resistance becomes strong support. So I think we have a 60/40 chance of it holding as support. There was a good chance of people selling before the three day weekend. A lot exited yesterday and today. Todays action may stop the selloff that would have been. There is know a fear of missing gains now that we are at a new level. The morning will tell and if there's a drop tomorrow we'll have to take it as we exit. I myself would like to save this gain but the chance of more gain is good until we break support. Sorry I got a little windy.

 

[Bquat]

Ok here's a midterm and long term, so you can see where I get my lines. Can we make 1440?

 

[Bquat]

Here's the current chart and we are showing strength. Support has been tested. I'm a little excited right now. Now I can read other posts. Mom's sleeping in.

 

[nasa1974]

Ok here's a midterm and long term, so you can see where I get my lines. Can we make 1440?

Let's hit 1400 and then we can hope for 1440. Slow and steady is what we need right now. Too many big leaps will leave gaps that will have to be filled.

 

[jkenjohnson]

Let's hit 1400 and then we can hope for 1440. Slow and steady is what we need right now. Too many big leaps will leave gaps that will have to be filled.

Sounds like you are staying in through the weekend?

 

[Bquat]

Let's hit 1400 and then we can hope for 1440. Slow and steady is what we need right now. Too many big leaps will leave gaps that will have to be filled.

Sorry I missed you but I was raising our flag. I go get coffee, yes?

 

[nasa1974]

Sounds like you are staying in through the weekend?

I will hold through the weekend. Almost feel like jumping to the I fund. If good news comes out of the Greece meeting Monday the I fund has the potential to take a nice leap. Just not comfortable with the volitility in Europe, though. Prior to yesterdays close the S and I funds were close (S-0.80MTD and I-0.64MTD). So the S fund still looks better for now.

 

[Bquat]

Redrew the flag, but we have to go through the top of the little channel again.:worried:

 

[Birchtree]

I'm afraid the in door is going to get crowded. There's an extremely large crowd of angry investors out there who are anxious to start getting a decent return on their money after years of low to negative returns. The VIX is saying there will be ample short covering into the close - be ready. 1360 and beyond is fresh air.

 

[Bquat]

I wouls like to have a few more minutes to decide but I need to stick to the local 9:30 decision time. I don't think this is a masive sell and here is my feeble attempt to show support for staying in. I'm staying.:notrust: I want a two hour extension of the deadline.

 

[Bquat]

Well guys, I hope I helped you in your decisions. Here is the computers making theirs at the top of the little channel. This is why I went with the trend. The trend is your friend until it does break. The computers can't decide either. The bull flag is still good but I took it out to show you this in the 15min.
You likey me charts?

 

[nasa1974]

I wouls like to have a few more minutes to decide but I need to stick to the local 9:30 decision time. I don't think this is a masive sell and here is my feeble attempt to show support for staying in. I'm staying.:notrust: I want a two hour extension of the deadline.

The heck with 2 let's go for 4.

 

[Bquat]

We should get a drift up as people go out of town for the three day vacation. This is a high base consolidation as the computers are left in humming mode looking for stops.
I think we did good.