Bquat's Account Talk

[Bquat]

We may overcome the news yet. Didn't go pass the bottom of the triangle or the high base. Only a 1% swing.

 

[jkenjohnson]

Possible rally?

 

[Bquat]

Possible rally?

Possibly not. I must give the bad side too. Double top and it's looking bad right now.

 

[Bquat]

Well we must hope the moving averages hold. Come on 13 Day give us a 13 Day supported channel. At least now the bottom of the channel reflects the top of the channel. cross fingers.:worried: If this holds I can draw out bigger assending triangle.

 

[Bquat]

Well we must hope the moving averages hold. Come on 13 Day give us a 13 Day supported channel. At least now the bottom of the channel reflects the top of the channel. cross fingers.:worried: If this holds I can draw out bigger assending triangle.

Here"s the assending triangle I was talking about. If this up leg continues were good to go. Uptrend is refering to a rising triangle too. He may be using the red line as the top. So double top or assending trianble. 1350ish is the key. So keep your eyes open. I'm biting the bullet and staying in.

 

[Bquat]

Now with using candle sticks and looking for topping and bottoming tails at highs and lows, we should be good to go.JMHO

 

[Bquat]

Sure is a lot of people just sitting back and watching today.
TSP Talk AutoTracker

 

[Bquat]

Birch must be out morgaging his house to do a super buyin.

 

[Bquat]

Above the assending triangle.
100 SMA blocked us twice and switched from resistance and held as support.
Wow such a bullish day after such a false breakout. I even was worried we wouldn't come back up. I showed the false breakout pattern from the rising triangle pattern but thought it was too much when we went below 1350 but I didn't consider that it would be an even bigger one like it's drawn now. Well I bullish for tomorrow if the 100 day sma holds. I'll be watching the analysis videos tonight.

 

[Bquat]

I must let you know that some of the market analyst are not as bullish as I am. So keep an eye out for bad news.

http://www.perfectstockalert.com/index.php/nightly-market-analysis-videos.html

 

[Bquat]

With futures down this morning we need 1355ish to hold or maybe 1350.:worried:

 

[Bquat]

Better open than I was expecting. The 100 SMA held and the bull flag is holding. Hope this keeps up.

 

[Bquat]

Testing major resistance right now.

 

[Bquat]

I changed the color to make a decending wedge.

 

[Bquat]

Don't want to get too excited here but this is major resistance tested as support.

 

[Bquat]

White line to blue line rising wedge.

Red line to blue line assending triangle.

So if we can break through the top of the old channel we go more bullish. We need shorts to cover. They have to be hurting.

 

[Bquat]

And here's what were playing with.:worried: If we don't make new high.

 

[Bquat]

I still see a high base forming so I'm staying in. It's risky though.

 

[Bquat]

Top of channel broken and tested as support right a deadline. Let's go we're above rising wedge. Now to break heavy resistance again. Todays action can even change the weekly's.

I just have to worry about a false breakout. It's at that area.

 

[Mcqlives]

I still see a high base forming so I'm staying in. It's risky though.

I hope you are right. If I had made the cut off I would have bailed. I'll see what tomorrow, and most likely Monday, brings.