Bquat's Account Talk

[FAB1]

With the confirmed up move I'm going in to stocks.

OMG say it ain't so Im still in the C fund. I better bail now ... ;p

 

[Bquat]

OMG say it ain't so Im still in the C fund. I better bail now ... ;p

Jinx me did you?

 

[Bquat]

With the confirmed up move I'm going in to stocks.

Duh Hah I'm not the contrarian indicator.:notrust: Am I?:worried: Well it looked better on entry. Got a buy in at yesterday's close today. End of day rally. Rallying back to where we were better than dropping to it. Maybe yes? Well drew new channel for new top and added darkgreen entry point. Brian says possible drop with todays dissapointment but Iwant up.

 

[MaStA]

Brian says possible drop with todays dissapointment but Iwant up.

But my TZA shares want down.

 

[FAB1]

Sometimes these plateaus are just a rest period. I did get about 40% out of harms way though a couple of sways ago. We should know something soon...anybody wants to speculate?

 

[Bquat]

Sometimes these plateaus are just a rest period. I did get about 40% out of harms way though a couple of sways ago. We should know something soon...anybody wants to speculate?

I cleaned up the chart and made the channel less bullish. Being contrary this is more bullish. Right? We are still in a high base and consolidating through time.

 

[Bquat]

Ok Birch. We're coiling up for you.

 

[Bquat]

Ok Birch. We're coiling up for you.

Something may happen soon.

 

[XOMek]

Something may happen soon.

Is there a particular significance to this pattern (the sideways triangle)?

 

[Bquat]

Something may happen soon.

Sorry, I was expecting the oppisite way. We're still in the triangle.

 

[Bquat]

Is there a particular significance to this pattern (the sideways triangle)?

A symetrical triangle is the market coiling up for a bigger move. It's normally in the direction of the market's overall trend. Sometimes you can get a false breakout 3/4 of the way. I hope we're just heading for a false breakout if we break the bottom. Look up stocks symetrical triangle.

 

[XOMek]

Good stuff, thank you.

 

[Bquat]

Good stuff, thank you.

I want this.
Symmetrical Triangle (Continuation) - ChartSchool - StockCharts.com

 

[XOMek]

I want this.
Symmetrical Triangle (Continuation) - ChartSchool - StockCharts.com

The link states that "they more often mark the continuation of the current trend", but the SUNW chart looks like a reversal, or a continuation based on what timeframe you consider. I guess it comes down to how you define the "current trend", a few days, weeks, months, etc.

 

[Bquat]

The link states that "they more often mark the continuation of the current trend", but the SUNW chart looks like a reversal, or a continuation based on what timeframe you consider. I guess it comes down to how you define the "current trend", a few days, weeks, months, etc.

Here's my trends. Three time frames.

 

[FAB1]

transports breaking to upside. good sign.

 

[Bquat]

We should go up tomorrow. I don't want to drop back into the triangle snd make this a false breakout.

 

[Bquat]

Pink line has been a real battle line this morning. We've been above it a couple of times and failed to hold when tested. Amazed on how my entry line (thin green) is holding up. Top of the triangle still holding. Guess we need more sideways consolidation to build strength.

 

[Bquat]

Another test of the top of the triangle. Market has a hard time beliving the pattern is bullish so buy Birch.

 

[Bquat]

Thanks Birch that was you right?