Bquat's Account Talk

[Bquat]

Some are taking this as a drop or correction. I don't know but in what I was saying earlier about dips being bought up now and big money buying in, this has to be setting a higher low and in 1/2 hour we jump up. Now this is just a theory and you guys could convince me otherwise.

Birch must be at his Monday stock meeting. So let's chart it up for him and see what he can do.

 

[Birchtree]

A 1503 SPX is in my future real soon - that's only about 85 points from here. If you can't see Dow of 14,164 please try standing on a chair - it's right there.

 

[Bquat]

This is a bull flag. Just have to wait until the market realizes it after lunch.

 

[Birchtree]

The S&P 500 total return index is probing new all time highs - get ready for some excitement.

 

[wavecoder]

the dow bounced off the 13,250 level which is a good sign.

 

[Bquat]

Thanks guys. Even Cristian at perfectstockalert.com said buy the dips and he's very held back. Tracker was about 50/50 in and out. Most were looking for lower dip but this my be a corectionless bull market.

 

[Bquat]

Now we need that little push to avoid the double top.:cheesy:

 

[Bquat]

Tomorrow's question. Since we confirmed a higher low today, do we set a higher high tomorrow? Also, did we already have a breakout but ran out of time? The dip was bought.

 

[Bquat]

Well? We did breakout and I had the bullish triangle right. Now we have to worry about topping. Looks like a bull flag forming and the blue line should support. I probably need a few miniuts to figure this out. Just got back from dentist.

 

[Bquat]

Critical choice here. Showing strength that can take us to new highs. May be in an over bought position and at the top of a major channel. Thinking... Have to watck the blue line a little longer.:worried:

 

[Bquat]

Top of the channel tested and held twice. I'm staying. We are still setting higher highs.

 

[crommie]

Well now, that was exciting! :nuts: I noticed AAPL diving first and then it bounced first around $660. Can't find any headlines to explain it... :suspicious: I guess hitting these multi-year and all time highs spooked a bunch of TA Traders...or did they cash in to pay for the $315 sneakers that Nike is selling! :laugh:

OH CRAP! AAPL is now below 658 and heading south fast and it looks like everyone else is following too... Does OPEX Week have anything to do with this??

 

[Bquat]

See the two pink retracement lines? They may become our standard retracement. They are the same length.Now if that would remain true.:notrust:

 

[Birchtree]

I believe we are seeing an early intraday consolidation - let them take their profits. There is yet four hours left to recoup the previous gains.

 

[Bquat]

Well now, that was exciting! :nuts: I noticed AAPL diving first and then it bounced first around $660. Can't find any headlines to explain it... :suspicious: I guess hitting these multi-year and all time highs spooked a bunch of TA Traders...or did they cash in to pay for the $315 sneakers that Nike is selling! :laugh:

OH CRAP! AAPL is now below 658 and heading south fast and it looks like everyone else is following too... Does OPEX Week have anything to do with this??

I'll go with this. I guess hitting these multi-year and all time highs spooked a bunch of TA Traders. Even though I looking a little bad right now, after noticing my 1% line and the recent dips of less than 1 %, I decided to stay. One percent swings are nothing unless they continue daily.

 

[crommie]

Are you sure it's not the sneakers? :cheesy::toung::laugh:

 

[Birchtree]

Well I haven't seen anything yet from Obama about providing free pairs of the LeBron James X sneakers to the illegitimate class yet - but wait for it.

 

[Bquat]

I have to leave, so I leave you with this chart. Thia may be the new channel for tomorrow.

 

[Bquat]

Yea, I admit it. I got too bullish. Still less than 1% loss. Well we're back in the channel hoping this level will hold. May exit on DCB. I don't know? Here's the chart. I have to look at what happened tonight in the videos. Maybe this correction can be a possitive thing. We were over bought.

 

[Bquat]

I saw 1413 as a major resistance in the weekly on Des's video and in Christian's video he mentioned watch for confirmation on the move down. So 1413 is the place I'm watching. So if we don't go lower tomorrow, we can bounce back. With the buy at the end of the day I think it's possible. So let's keep an eye out. I didn't see any major selling and why did someone buy at the end of day. The price got towhere they considered it worth buying.

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