Bquat's Account Talk

[Bquat]

Looking better but don't get in a rush. Remember we should look for a confirmation of the move! We need to test the bottom purple line as support changing to resistance and this could be major resistance because it was a major trend line.

 

[Bquat]

Here's a reminder how 1330ish is a strong area of resistance and support. So watch and wait if you can.

 

[Bquat]

Looking better but don't get in a rush. Remember we should look for a confirmation of the move! We need to test the bottom purple line as support changing to resistance and this could be major resistance because it was a major trend line.

I don't think we can break the purple line today. So look at the charts and make your guess.:worried:

 

[Bquat]

And there it goes right at the deadline and proves me wrong.:embarrest: Must be PPT because I didn't see this strength.:notrust:

 

[Bquat]

And there it goes right at the deadline and proves me wrong.:embarrest: Must be PPT because I didn't see this strength.:notrust: :embarrest:Sorry guys couldn't get back in to edit. My line changed when I changed time frames. I'll have to watch that. It's happened to me before. Lucklily it was after the deadline.

 

[Bquat]

Ok the 50 Day at 1334 is what stopped the drop befor the close. Now today a drop at the close when the last few days had dip buys at the close.Kind of a reversal at end of day. So here's the clean long term chart.

 

[Bquat]

With today's action we had an unexpected drift up and a end of day drop while the previous days had drops down with dip buying end of day. So I'm not understanding what's happening. Do you know? I have some senarios for you. We are coiled up for a big move setting right on the 50 day. Is the red candle the start of a big move down or was today a false breakout of a desending wedge? Here's the charts. Let me know what you think? The market open might be something. I still believe we are still in weakness.

 

[CrabClaw]

With today's action we had an unexpected drift up and a end of day drop while the previous days had drops down with dip buying end of day. So I'm not understanding what's happening. Do you know? I have some senarios for you. We are coiled up for a big move setting right on the 50 day. Is the red candle the start of a big move down or was today a false breakout of a desending wedge? Here's the charts. Let me know what you think? The market open might be something. I still believe we are still in weakness.

I think it is probably even money either way, as it has been for the last couple days. There is good arguments for both camps out there but my thought is ultimately leaning down. this still looks like some sort of bull trap to me, i have been thinking that since Tuesday. Thanks for your charting, your thread is a regular stop of mine.

 

[Bquat]

I think it is probably even money either way, as it has been for the last couple days. There is good arguments for both camps out there but my thought is ultimately leaning down. this still looks like some sort of bull trap to me, i have been thinking that since Tuesday. Thanks for your charting, your thread is a regular stop of mine.

Thanks. I was just suprized with the buying after breaking major resistance. I still wander if someone is still trying to float us up and lost out at the end of the day or maybe they're just trying to protect the 50 day?:suspicious:

 

[FAB1]

I know what i WANT to happen...since I put all my money in the S fund today.

Guess. :toung:

 

[Bquat]

I think I might agree with this on since futures are up. What you think?

 

[Sensei]

I think Europe is starting to fade again. This is getting boring.

 

[CrabClaw]

Are you thinking red line or purple line?

 

[Bquat]

Are you thinking red line or purple line?

Comming up to our first test on last high (dark red). I need to see the purple line broken and maybe a test of it. Red line would be nice. If we stop at the red we would create a 2% channel blue to red that can become 13 day supported later.

 

[Bquat]

Test2, recapture the five day. This can propell us and confirm the bullish move.

 

[Bquat]

Test3 break resistance and test it and go.

 

[Bquat]

I'm a go. Wish I saw this comming.

 

[Bquat]

maybe going down to test resistance as support. Don't make me cancel my IFT.

 

[Bquat]

Wow, I had 27 pages of attachments, so I cleaned them up to 5 pages.

 

[Bquat]

Looked and noticed that I couldn't Like myself, but I would if I could. Would of could of should of. So, maybe I'll go like you.