Bquat's Account Talk

Sort by newest Sort by date
This chart is is mid to short term hourly chart that good to swing trade to. As you can see we are building a high base which is bullish but we are right against resistance. The top red line is the top of the last peak and we have a great chance of double topping and a failed move which can be very bearish. We could just gap up and become bullish. I feel with the resistance at the top and the hard time we had with 1302 and 1320 before there is not much gain to be made and the chance of a bigger loss is greater than the gain avalible. The light grey lines are fibonacci retracement level from last peak.

Then again we can break this level and get into buy the dips since we're above the 200sma. In capital preservation I have to see the move befor the commitment with the current resistance above us. I could be completely wrong but I'm not going long.:worried:

Ok these charts were for you. Copy them and stretch them out and save them. If you agree use them as reference, if you don't trash them. Please always comment to give the other side to help others to make better decisions.:) Or go to http://www.freestockcharts.com/ and try your own charting.

You likey, yes?:D
 
Go to the bottom of my last three posts and review the charts going back up to this post.
 
I agree, we need to break above the late October highs to validate an upside run. We are right up against it now and this week should give us a clue, I hope........
 
Good morning guys. Looks like were setting lower highs and the short term Head and Shoulders is a continuation pattern. I'm thinks more bearish now. Flat top big drop maybe?Any contrary comments will be appriciated.:worried:
 
:embarrest:Looks like short term support is holding but I won't be entering.:(
 
Last edited:
You might be a contrarian on this one Bill, lots of "buys" out there at the moment. I kinda have to agree with you though, just doesn't feel right.

As Tom pointed out, the smart money is really getting bearish. I think I'll not overstay my welcome, looking to exit soon as I've scooped up 10% since the Nov low.
 
We have been seeing a lot of sideways action it seems...I definitely would like to step in myself, but I've been waiting to see the majority of people with systems in place on this forum post buy signals. As of right now jkenjohnson is the only one I really see with a buy.

I definitely want to make the right move with my two IFT's so I'm being patient...
 
Bquat said:
Good morning guys. Looks like were setting lower highs and the short term Head and Shoulders is a continuation pattern. I'm thinks more bearish now. Flat top big drop maybe?Any contrary comments will be appriciated.:worried:
Click to expand...
Yea, MaStA I generally go with the majority. The lower highs was broken today so I changed that line to grey. I drew in a line to show the flat top I was seeing. Except fpr the initial break and one slight break it shure looks flat to me. With the market not going up to resistance I expect a drop in the failed move. I could be wrong but you know me I look at it with a bearish
outlook to avoid loss.:worried:

Tomorrow we should all know. Shouldn't we, yes?:confused:
 
I drew what may be the current channel. By what the futures are showing, we are going to gap up. This is a reminder that our last peak was 1292. We need to consolidate here and build a high base or break above it. Is this the top? I don't know. Is this a bull trap I don't know but me eyes are open. Just a heads up and this is a bullish move.:)
Well guys do you think we can break 1292? You know how I hesitate.:)
 
Last edited:
Even the futures have not broke above 1292. I believe we have been building a base of support over the past few trading days. How strong (dunno)
 
With the retest of 1292 little bull is elated and I'm a little bullish myself. Going 50% S and 50% G:) May add more if 1320 breaks. I'm taking a chance here.
 
Last edited:
I'm already at #764 with +0.01% - drowning in bull tinky. But I'll bounce like a golf ball if I hold steady. I'm holding 80/I fund because the ECB's stepped up policy easing and the expectation it will do more to support markets will help European stocks. Go where angels fear to tread.
 
Birchtree said:
I'm already at #764 with +0.01% - drowning in bull tinky. But I'll bounce like a golf ball if I hold steady. I'm holding 80/I fund because the ECB's stepped up policy easing and the expectation it will do more to support markets will help European stocks. Go where angels fear to tread.
Click to expand...

Admire your spunk BT but buyhold is not my cuppa. This isn't stock buy point for me but the F. fund is attractive until market goes lower. Jan not known for great gains looks like we hit squats ceiling. and maybe noon reversal?
 
You must log in or register to reply here.

Similar threads

tsptalk
September 2025 AutoTracker Winners!
Replies
2
Views
436
nasa1974
nasa1974
RevShark
  • Article Article
RevShark's Traditional Thanksgiving Post 2024
Replies
2
Views
762
nasa1974
nasa1974
UNIX84
UNIX84 Account Talk
Replies
15
Views
3K
UNIX84
UNIX84
JTH
Speculation: When Border Security Becomes Domestic Power
Replies
1
Views
209
tsptalk
tsptalk
tsptalk
  • Article Article
When traders become buy and holders
Replies
1
Views
441
JTH
JTH
Back
Top