Bquat's Account Talk

[Bquat]

Finally starting to get tails on tops but I need them to get longer.

 

[Mapper]

Thanks again everyone for your charts and thoughts.

I think a push for the high of the year (1422) is totally reasonable. In fact, I'm banking on it!

 

[FAB1]

Finally starting to get tails on tops but I need them to get longer.

I see 3 up days, resistance broken, and the usual shorting in the afternoon. We are making higher highs
and the Transports have been leading fairly well too. Nice bull market, Id say. Forward!

Dont know about these topy taily things - but I like it you take the efforts on the charts
when few bother anymore.

 

[Bquat]

Boy I look like a silly goose until we get a topping tail as we retrace back to below the light blue line.

Well? we retraced back below the light blue line. So a topping tail is in effect but the top of the channel can still be support. I had an excellent guess on the retracement. So it could be a sign of weakness and that we're topping.

 

[Bquat]

For tomorrow. Here's my attempt to show a rounded top bearish pattern. The top is at 61.8% from the last dip and the top of the channel is at the 50% mark on the fib arc. Still looking bearish. I'll draw a cleaner chart soon.

 

[Bquat]

This should show the possible top if we don't bounce off the white channel.:worried: Can you see it? As always this is a guess but I may be getting gooder.

 

[Bquat]

I see 3 up days, resistance broken, and the usual shorting in the afternoon. We are making higher highs
and the Transports have been leading fairly well too. Nice bull market, Id say. Forward!

Dont know about these topy taily things - but I like it you take the efforts on the charts
when few bother anymore.

Thanks. Yea even the free charts videos are getting spread out. Christen hasn't done onein more that a week and he's my somewhat bearish guy.
Market Analysis Videos

 

[Bquat]

Well hold on scooter I wasn't expecting this fast of a drop.:worried: for you guys that are in. Rounded top is real bearish though.

 

[Bquat]

Gapped down into the channel and below the last peak. Support has became resistance and then a spike back up? Is this one of those computer glitches?
What's going on?

 

[crommie]

Gapped down into the channel and below the last peak. Support has became resistance and then a spike back up? Is this one of those computer glitches?
What's going on?

A couple of other sites show the opening drop to 1396.2 then up to 1399 now 1398...

 

[Bquat]

A couple of other sites show the opening drop to 1396.2 then up to 1399 now 1398...

Yea things look more realistic now. Redrew line from last peak and it looks like the tail got shorted on the retrace. Top of channel is acting as resistance. Was kind of hoping the gap would not be filled for our return trip back up later. I have to go help a vet this morning be back soon.

 

[Bquat]

Even though we're looking more bullish since the double bottom, are we forming a right shoulder? More bearish?
Sorry just got back.

 

[Bquat]

Still holding on the rounded top idea. See how it holds up for post market today.:worried:See ya. Got to go.

 

[Bquat]

My last chart is still relevant. it's looking more likely to go down.

 

[Bquat]

Here we go. Testing this level now.

 

[Bquat]

Finally showing the move befor IFT deadline.

 

[Birchtree]

It's just another quick head fake to the downside with little volume to keep everyone nervous.

 

[Bquat]

It's just another quick head fake to the downside with little volume to keep everyone nervous.

I don't think so. The top of the old channel is acting as support and If the test of the pink line as prior support becoming resistance holds we may asselerate downward. If we even get that high. Having a little bear pullback.DCB, here kitty kitty.

If it breaks I may have to make a new channel.

 

[Bquat]

Test 1

 

[Bquat]

Test 2 confirmed as resistance. Now we watch as I try to limit my composive charting disorder.