Bquat's Account Talk

[Bquat]

Oscar is with me now. False breakout may have been true. Maybe a pop today.

http://www.livewithoscar.com/

 

[Bquat]

Well I might have to do a new simple chart later. This one did show the false breakout and glad drawing it bullish helped me stay in. Now I have to deside again since we are at the top. If we don't drop below 1210 I stay in.

 

[Bquat]

Wow, a whole hour to watch before decision time. Coffee time.

 

[Birchtree]

Tape reading can give you a good market feel - and right now it feels good.

 

[Bquat]

Tape reading can give you a good market feel - and right now it feels good.

You always visit when I'm Little Birch. I mean Little Bull.

 

[Bquat]

We are on top of the channel and tested the 1210 and holding. Break that 1214 again and we're bound to test the 1230 today. I would love a high base build below it not profit taking.

 

[Birchtree]

You give me 1214 and I'll gladly spill another $50K into the well before we close - they're on my list.

 

[Mcqlives]

We are on top of the channel and tested the 1210 and holding. Break that 1214 again and we're bound to test the 1230 today. I would love a high base build below it not profit taking.

1230!?!...or did you mean 1220? at any rate...wish i was there with you guys.

 

[Bquat]

1230!?!...or did you mean 1220? at any rate...wish i was there with you guys.

Yea, 1220. The 1330 be where we set a long term higher high. Here at the hairdresser with mom in law. Can't make chart but look at the left at my last chart. Trying to be long term bull. Shorts may have to cover soon and we get a double buy like the start of this rally.

 

[Bquat]

Still climbing to 1220.

 

[Mcqlives]

Yea, 1220. The 1330 be where we set a long term higher high. Here at the hairdresser with mom in law. Can't make chart but look at the left at my last chart. Trying to be long term bull. Shorts may have to cover soon and we get a double buy like the start of this rally.

The double buy is what I am hoping for. The channel got tighter and tighter pn me and I kept looking for a break to the downside and missed this one. I don't know if it has enough steam to break the 1220 but the way the day is going we will have a good idea by close.

 

[Bquat]

Profit takers have jumped in. Hope they don't take it all.

Hope 1210 holds.:worried:

 

[FishSqueezer]

Profit takers have jumped in.

Was that it, or was it like my friends with BlackBerries have said. "Loss of service means the End Times are upon us!" :worried:

 

[Bquat]

Well, I got a little carried away there. Just wanted shorts to cover.

We're right at the point where we decide to follow the blue bearish channel or the black bullish channel. 1220 and 1230 are heavy resistance points but we didn't get a big sell off. I was hoping for the 1210 to hold so as to stay bullish 1205ish will have to do.. Tonight and tomorrow morning the futures may give us a clue. Still the little bull.

I hope we can consolidate and fight at this level or 1170 and then 1150 we go.

Would like a chart from JTH and Uptrend. Will watch videos tonight. Any insights?

 

[Birchtree]

If we can break past 1228 real soon the market has plenty of room to run and there probably won't be any retest. Prices at these levels will be gone forever.

 

[Mcqlives]

BIrch has it right with the 1228 and you have it right with the 1205 having to hold and the 1170 and 1150 marks...but insight?!? I'm all out

 

[Bquat]

Hoping for a turn at 1187ish for today.
1178
1170 Bottom Black Channel won't stay in if below this because the Black channel is our only short term bullish chance.
1162
1150
1140
1120
1110 bottom Blue Channel
Are support levels

Don't make Little Bear come back

 

[Bquat]

Low base forming above 1190. I just remembered I'm in capital preservation and I'm locking in my resent gains. 100F, Little Bear is back for the short term.

 

[Bquat]

Here's my thinking. First I just wanted to post the last post for you that a watching to follow the move if you want. If I wasn't already retired with money still going in, I would of stayed in. Oscar is talking about a trend reversal to a bullish trend, P&F chart has an outlook for going up also. Looking at the 1220 and 1230 as big resistance, I'm going to wait and catch the train once it is already leaving the station. I'm back to it's better to miss a gain than ride all the way back down the channel. If the trend changes there will be buying of dips. Market action today shows me that we need more strength to break the resistance.

Little Bear

 

[Bquat]

Here's the simple chart.

Ok going with a bullish outlook and with earning season comming up, we may break the 1230 level. Imho I don't think well break it right now. I think well set a higher high at 1230 and set a higher low at 1178. The market needs to consolidate a little more and let volume to the up side. I feel the dip will be bought at 1178ish and the next leg up will have more volume to it when a higher low is set.

So I'm little bear until 1178 holds and can't get in until November 1st. I hope the boom waits till I Have IFT's and I'll jump on the kaboose if I can and there should be oportunities above 1230 also.

I'm just going with the positive pulse of the market this time of year. Just remember spidey can sincse loss and I'm not too good with the gain side but improving. Ok you heard it here first.

Sooo short term bearish 60/40.

Post your counter or pro comments here to give people more to think about.