Bquat's Account Talk

[Bquat]

Talking potential corrections within the larger channel.

Hey what do you think on this one. Maybe I really got too much time on my hands.

 

[crommie]

Little blue green lines about 1% each from top of channel to bottom.Maybe my 1% lines are off?:embarrest:

I think your blue/green 1% lines are correct, but they are measuring off of the inclined slope channel lines. So the top line is higher than 1414 and the bottom line is lower than 1389. Sorry if I embrassed you, it was not my intent. :worried: I just didn't want you or anyone else to make a decision on bad data. By the way, I LOVE your charts, channels, support and resistance line and your 1% verticle lines are REALLY helpful. Thank you for you continuing support and education!

 

[Bquat]

I must be missing something or are you using that new math or something? :suspicious:
High on Monday was almost 1414, low today (so far) was almost 1389: 1414 - 1389 = 25/1414 = 1.77% correction (so far)...

Thanks for pointing that out. Is this better? And thanks.

 

[crommie]

Thanks for pointing that out. Is this better? And thanks.

Yes! That makes it much easier to see where the 1% and 2% drops are. A horizonal line at those points would be even clearer, but then again they might be confused with support and resistance horizonal lines... Thank you for all that YOU do!

 

[Mcqlives]

Hey what do you think on this one. Maybe I really got too much time on my hands.

I like the forcast line! I just hope you are right!

 

[Bquat]

I like the forcast line! I just hope you are right!

Not quite the bounce I was expecting.:worried:
So I may have to cool my jets and hope afor a bounce in the morning. Redid the 1% sticks and temporaryly put 1% lines. Be watching in the morning.

 

[Bquat]

This line seems to be holding, for now at least. 2% correction and consolidation at this point may be good. It's still a coin toss. I am still in watch mode and happy that we're moving sideways until we get momentium back after the last big move up and this consolidation..

 

[Bquat]

I will be staying in. Ready for a turn up.

 

[Bquat]

This afternoon and Monday will be the decision point I think.

Little Bear thanks this is a bearish new channel (red).

Little bull says the orange channel held the last two times and this is a Big Bull Flag (green).

Now we have both sides for Monday and today can still give a low volume indication. There you have it. I presented both sides and since I 50% in I want to side with Little Bull. As always, your choice is???? Charts today is sponcered by KeepThemGuessing.com (not a real site).

 

[Bquat]

Doesn't it wave better in the longer timeframe? Right Mr. Birch? Did I see it first?

 

[Bquat]

A flag in a flag. Little Bull thought he would put his flag in there also.

 

[Mcqlives]

A flag in a flag. Little Bull thought he would put his flag in there also.

Not as pretty as yesterdays but I'll take it! This still gives a nice, intermediate forecast. Thanks, as always, for putting into charts what I try to simply guesstimate at. Have a great weekend!

 

[Bquat]

Little Bull has me bullish. We have just tested major support and have a good chance for a gap up Monday. 1445 is possible, but 1430 is probable. The bottom of the major channel is still above my 13 day and my 20 day is support at 1380. Maybe I can make up my -1.44 loss. I brobably would of went more in on Monday with a confirmed move up. I only have the G option. Well am I too bullish? I went to 1 hr time frame to show the test of the support line with small green circles. Have a nice weekend and please post contrary posts to inform others of any fears.

Go here if you want to practice charting this weekend. The 1 hour and 30 min time frames are best for swing trading with only 2 interfund transfers.

FreeStockCharts.com - Web's Best Streaming Realtime Stock Charts - Free

Today's charts by Youlikeymycharts.yes?

 

[Bquat]

I called this one. TA does work once in a while. Now I got to see if it makes 1430 and 1445ish.

 

[jkenjohnson]

I called this one. TA does work once in a while. Now I got to see if it makes 1430 and 1445ish.

Good job. I hope we climb to 1450.

 

[Bquat]

Good job. I hope we climb to 1450.

We may have to consolidate maybe before going higher. You tell me? Is the computer tradeing holding us to 1% moves? I see a 1% gap zone and it makes me wander.Just my paranoid thought again.:suspicious:

 

[Bquat]

Maybe the 1% moves are market manipulation and the moves after are us following and then the reverse 1% to take our money.:suspicious:

 

[Bquat]

I will be staying in even though the majority of the move has happened. We still can make another 1% before big resistance.

Brought to you buy ISeeLittleBullFlag.yes

 

[Birchtree]

I'll place a chip on 1416 COB - the tension is building for an explosion. I can feel the rumble.

 

[Bquat]

I'll place a chip on 1416 COB - the tension is building for an explosion. I can feel the rumble.

Gee Birch, I don't know about you.:notrust:
I see maybe another 1 1/2%, 2%most and 4% tops with even your totally bullish outlook. 1430 maybe, 1450 maybe not and 1500 unatainable top. See the long term lines. This channel has held since Dec 2011. I am with you though but may not tread above this channel until I feel it's safe. I need JTH and Uptrend charting systems to also agree to go above my 13 day supported channel.