Bquat's Account Talk

[Mcqlives]

Ok, a little shoot over 1330 but I think I got the jest of it.:worried:

You did get gist of it (jest works too:laugh...and the head and shoulders forecast is probable dead on...but will it rally from there or head for new 12 month lows?

 

[Bquat]

Big question? Does the 13 day supported channel hold and we rally from here or it is a bear flag and we retest the neckline? I'm think that since were below the 5 day, we might go down. So ponder the chart and what your guess?

 

[CrabClaw]

looks like a flag, I'm thinking down.

 

[nnuut]

Stuff like this will probably be the TELL next week, but I do see the Bear Flag:
Home sales and Health Care
Video - MarketWatch Week Ahead: Home Sales, Health Care, BlackBerrys - WSJ.com

 

[Bquat]

Big question? Does the 13 day supported channel hold and we rally from here or it is a bear flag and we retest the neckline? I'm think that since were below the 5 day, we might go down. So ponder the chart and what your guess?

Bear flag it is. We're testing the neckline now as support broken becoming resistance.

 

[Mcqlives]

Bear flag it is. We're testing the neckline now as support broken becoming resistance.

Tempted to buy in for a one day money maker (I would hope). Thoughts?

 

[Bquat]

Tempted to buy in for a one day money maker (I would hope). Thoughts?

It can go either way but being below the moving averages I think down. This is an important test of the head. I was hoping more for a bounce off the neckline. Some are saying we just formed a head and shoulder but the left shoulder looks weak and if I spread it out to the next one it's not symetrical. So hope for the head test or look out. Look at the chart and tell me your guesses cause I don't see the dip being bought.:worried: The green line is the neckline.

 

[Mcqlives]

It can go either way but being below the moving averages I think down. This is an important test of the head. I was hoping more for a bounce off the neckline. Some are saying we just formed a head and shoulder but the left shoulder looks weak and if I spread it out to the next one it's not symetrical. So hope for the head test or look out. Look at the chart and tell me your guesses cause I don't see the dip being bought.:worried: The green line is the neckline.

I did not jump in, even though I was tempted. I like the charts and think that we are going down more in the coming days/weeks. I was just hopeful that the supreme court rulings combined with the EU meetings would give us a little bounce in the next couple of days. Buyers are not coming in because the dollar index isn't performing weakening like it should in relation to the sell off.

I'm too much of a preservationist right now to take the risk.

 

[Bquat]

I did not jump in, even though I was tempted. I like the charts and think that we are going down more in the coming days/weeks. I was just hopeful that the supreme court rulings combined with the EU meetings would give us a little bounce in the next couple of days. Buyers are not coming in because the dollar index isn't performing weakening like it should in relation to the sell off.

I'm too much of a preservationist right now to take the risk.

And now, after the deadline we look more bullish. Ok, are we going to test the H&S or is this a move up from the IH&S test. I don't see enought strenght to go all the way back up unless QE3 is announce this week. Maybe if the rulling is against the healthcare and for Arizona we could bounce. News based market always is hard to pick direction.

 

[Bquat]

Even though we look a little bullish right now, this is the channel I see. So if we don't break out of it, we can go back down. Got to go but please post comments for others.

 

[Bquat]

But then again, if you go to the larger time frame this is a big bull flag maybe? Decisions dscisions, since I don't have a IFT left I won't make one.:notrust:

 

[Bquat]

Falure to break the 20 day and now the neckline is holding as resistance. Low base is forming but the sideways consolidation may help after the last loss. Quick chart before deadline.Hope these charts help. I try to present both sides.

 

[Mcqlives]

Falure to break the 20 day and now the neckline is holding as resistance. Low base is forming but the sideways consolidation may help after the last loss. Quick chart before deadline.Hope these charts help. I try to present both sides.

I missed the deadline or I would have gone in 75/25 (C/S) this morning. Maybe I still will do a change tomorrow but I have to wait and see how this afternoon plays out. If I am right we will see a run up to around 1339 this week then a fall off into the 1260-1280 range. If I am wrong we will go down to that range then have a buying opportunity.

 

[Bquat]

I missed the deadline or I would have gone in 75/25 (C/S) this morning. Maybe I still will do a change tomorrow but I have to wait and see how this afternoon plays out. If I am right we will see a run up to around 1339 this week then a fall off into the 1260-1280 range. If I am wrong we will go down to that range then have a buying opportunity.

1339 hmmm, so up to the neckline of the possible H&S? Well you been doing better than me lately and thanks for replying to most of my posts.

 

[Mcqlives]

I don't know about better than you but I always try to check out your charts when I am researching. Even if I don't post I still check them out sooner or later.

As for volume being down on this forum, as well as your thread, just remember, this website isn't different than the outside world, everyone is looking for the magic pill and the next best thing...just like I wanted my folks to buy me a pet rock so bad when I was a kid. Remember that stupid fad?

Plus it is really nice seeing older folks like you, burrocrat, nasa, nnut, mayday, bt, clester, amoeba, malyla, masta and uptrend (along with newer threads like rmi, jkenjohnson, bmneveu and mrjohnross) all on the top of the listing. All my reading on one page!

 

[Bquat]

I don't know about better than you but I always try to check out your charts when I am researching. Even if I don't post I still check them out sooner or later.

As for volume being down on this forum, as well as your thread, just remember, this website isn't different than the outside world, everyone is looking for the magic pill and the next best thing...just like I wanted my folks to buy me a pet rock so bad when I was a kid. Remember that stupid fad?

Plus it is really nice seeing older folks like you, burrocrat, nasa, nnut, mayday, bt, clester, amoeba, malyla, masta and uptrend (along with newer threads like rmi, jkenjohnson, bmneveu and mrjohnross) all on the top of the listing. All my reading on one page!

Thanks

 

[Bquat]

20 Day might be too much resistance. The purple lines are parallel, believe me.

 

[Birchtree]

Snap, crackle and pop to 1360 by the end of the week?

 

[Bquat]

Snap, crackle and pop to 1360 by the end of the week?

Channel broken to upside but is this a bull trap? Need move to the up side to break the flag. Being the contrarian indicator you could be right. Right?:notrust:

 

[Kaufmanrider]

1339 hmmm, so up to the neckline of the possible H&S? Well you been doing better than me lately and thanks for replying to most of my posts.

Bquat, I don't always respond because I don't like spending too much time on the forum at work. But I check you posting, as well as others, throughout the day on my smartphone on the TSPTALK application. I have the free version, so I can read, but not post. I might bite the bullet and pay the few bucks so I can post.

Keep posting your charts. There are folks viewing them.