Bquat's Account Talk

[Bquat]

How do you like using freestockcharts?

I like it very much. I sometimes get confused in the different time frames but doing better since being told about it using period moving averages. I'm settleing on the 30 min. It doesn't swing around as much as the shorted periods and is better time frame for our two IFT decisions

 

[Bquat]

I'm thinking that was a good little bull trap the day traders like to pull after hitting a new support level. If it was a real pullback it would have popped. I see a bear flag may be forming. Islept in a little today being on the lilly pad. Little bear doesn't trust today even thought a lot are buying this move on the tracker. He still thinks more down.

Little Bull will wait on confirmation over the red line I just added.

 

[Bquat]

Remember you can right click on the chart and spread it out on a word doccument.

 

[Bquat]

Looking at the 15 min. you can see the battle between the 50 period and 20 period. With pretty much even highs and higher lows and a false break out to the top , I feel the 50 will win.
I get too excited watching the 15 min. Just a heads up while I go for coffee and back to the 30 min. chart.

 

[jkenjohnson]

Looking at the 15 min. you can see the battle between the 50 period and 20 period. With pretty much even highs and higher lows and a false break out to the top , I feel the 50 will win.
I get too excited watching the 15 min. Just a heads up while I go for coffee and back to the 30 min. chart.

Interesting

 

[Bquat]

Little Bull looking at 1204ish as a possible entry after confirmation and 1220 S&P.

Little Bear thinks were dropping more tomorrow. We continue to be bearish up to the top white line and big time bearish if we don't make it.

So because of having more chance of loss than a gain and there's only a chance of gain to 1218, I'm staying out.

 

[Bquat]

Break the red line and hold above in and i'm in.

 

[Bquat]

Not looking good but we still have 45 min to decide. I may decide sooner because sometimes you can get in to IFT. But so far, I won't be IFTing.

I'm showing the bear flag and a couple of resistance and support lines. Cross fingers.

 

[Bquat]

Staying on the lilly pad. Support line didn't hold either.

 

[Khotso]

Staying on the lilly pad. Support line didn't hold either.

Thanks for posting your charts Bquat. I was on the fence myself till I saw this post. Think I'll stay on the sidelines as well -- tho still have 10 minutes, eh?

 

[Bquat]

Thanks for posting your charts Bquat. I was on the fence myself till I saw this post. Think I'll stay on the sidelines as well -- tho still have 10 minutes, eh?

Don't count on that 10 min . You need to decide at 15 or maybe a little more. Last time I started with 10 min. and the site was so slow it took 13. They have no way of telling how long you took.:suspicious:

I wish they could check back to your login time to see your first attempt time.

 

[Bquat]

In the short term we may form an inverse head and shoulder and start a small Christmas (holiday) rally.

Do you guys think it could happen???

 

[nasa1974]

In the short term we may form an inverse head and shoulder and start a small Christmas (holiday) rally.

Do you guys think it could happen???

Anything is possible with a little Christmas spirit. The liquid kind.

 

[WorkFE]

I am counting on a rally. I just stood on my head and Bquat's chart don't look that bad.

 

[cak165]

I went back to 2000 and tried to chart the SPX over the 22 trading days in December to see if there's such a thing as a December/Santa rally and I'm not sure if there is? I'm still hoping that as politicians (mostly the Europeans) and their ilk start going away for Christmas, we may have some quiet news days and the market in the U.S. at least can rally a bit.

 

[Mcqlives]

I went back to 2000 and tried to chart the SPX over the 22 trading days in December to see if there's such a thing as a December/Santa rally and I'm not sure if there is? I'm still hoping that as politicians (mostly the Europeans) and their ilk start going away for Christmas, we may have some quiet news days and the market in the U.S. at least can rally a bit.

View attachment 16623

Your chart made me think of the good ol' days...you know...2007?

 

[Mcqlives]

In the short term we may form an inverse head and shoulder and start a small Christmas (holiday) rally.

Do you guys think it could happen???

Possible but I do not like this hovering at the 1218 range this afternoon. Maybe it's time to combine the upside-down readings of WorkFE and the liquid refreshment of Nasa!?!?! Nah...I'm way too old for that drunken behavior...but it was fun when I was younger and stupider:blink:

 

[Bquat]

Coin toss day again. We are comming up to a wall. The top of the channel has acted as major resistance and the bottom of the flag acts as support. We can gap up and head up to 1230,1236 or more
, or we can drop to 1206 or 1200 or gap fill which is worst.
Little bear is unpacking and settling in. We're in a Bear flag, the bullish move was rejected at the top of the flag and the top of the channel and set up a low base at the bottom of the flag.Little Bear 60/40 bearish.

Little Bull says if we can just open green like the last two days we'll be above the red line. I disagree with him because the red line will act as resistance right at the top of the move. So gap or nothing.Either dirrection in reality could happen. Me myself call tails (down). This is Friday, why do they do this to us on Fridays.

Too much can change over a weekend lately.Let's pop the 1232.

 

[Bquat]

Quick heads up! Two things happening that ar Bearish. Looks like the last move up was a false breakout of the yellow triangle and we just made a H&S pattern. Little bear is 70/30 Bearish.

Just a quick chart before Christmas vacation activies with grandkids.

Not entering today.

 

[Murphys_Law]

Quick heads up! Two things happening that ar Bearish. Looks like the last move up was a false breakout of the yellow triangle and we just made a H&S pattern. Little bear is 70/30 Bearish.

Just a quick chart before Christmas vacation activies with grandkids.

Not entering today.

Merry Christmas! Enjoy!