Bquat's Account Talk

[Bquat]

This time frame shows what I have better.:worried: Hope the last part of today wasn't the dead cat bounce.

 

[Bquat]

I see some fear.:worried:
Very long term bullish channel.
Long term bearish rising wedge
Midterm bearish Head and Shoulders
Short term bearish Double top at the 50 day.
The other day when I didn't believe the tracker, I think they got caught in a bull trap.

I see a lot of negative here but may show the other side if I see some in the post market videos.

You can and should post bullish charts here. I'm looking at 1380ish if we bounce of the bottom of the rising wedge. Has the September-October drop been shifted by QE3 to November-December??? I hope Santa Rally can turn this.

Now I bet everyone and my brother hope I'm a contrary indicator. You likey charts hit like. You no likey please post your thoughts. Your thought could be the right one.

Posted this on 11/03/12. Keep a heads up. Remember big money will sell before December 31 to advoid 2013 taxes on their gains to make it taxed this year. Charts provided by DoomandGloom.com: These are possible. I hope we're over sold.:notrust:

Any bullish charts or comments welcomed. When I get too bearish things sometimes go contrary to my charts. Ok that's bullish in itself.

 

[Bquat]

Remember big money will sell before December 31 to advoid 2013 taxes on their gains to make it taxed this year. Cramer on mad money has just agreed with this. Go figure. That's like a like right?

 

[Bquat]

This may look as a bottoming tail but anything less than the pink line is a dead cat bounce. It's more like an over shoot and this is a low base forming.:worried: Any thoughts ol quiet one?

 

[Bquat]

Got to go help a vet. Those that are in hope 1379 holds. It's the bottom of a rising wedge. We could bounce but I wouldn't trust it too much. Now would be a good time for extreamly good news.:worried:

 

[Bquat]

100 DMA acting as resistance, a close below the decending current channel and a close below the 200 DMA. Bearish. Remember the 200 day defines the difference in trading strategy. What's that? Generally we go from buying dips to selling peaks. We may bounce soon but I think to 1388 at most then more selling.:worried: Go down much more than 1377 look out (falling knife scenario) major support becomes major resistance. We need a kick ass love the USA, hell Mary compromise by congress anouncement to wit.:notrust:

Ok little bit cleaner charts for you to play with. Outlook not too good but bullish charts are comments welcomed.

 

[Bquat]

Bearish falling flag continuation pattern: Don't these look a like?:worried:

 

[CrabClaw]

Bearish falling flag continuation pattern: Don't these look a like?:worried:

eerily so :nuts: good catch!

 

[Bquat]

Bearish falling flag continuation pattern: Don't these look a like?:worried:

Still there.

 

[Bquat]

Might want to copy this one and spread it out. It's a tough one. If we don't break above the 200 day, we're in a defined bear market. We set a intraday double bottom but still closed below the 200. If we bounce there's an 80% chance it's a bull trap. We must break and test the pink line for any short term move to the up side. In any case I may wait for a 2% up move above the 100 day before I enter. A move up to the 100 day and back down to the pink line and hold would be a nice inverted head and shoulder. Other than that I thing the falling flag bearish continuation flag is still in effect.:worried:

You thinky something different please posty.

 

[Bquat]

I don't trust this bull flag end of day because it closed below the 200 day.:worried: Would of given this heads up last night but site was down. So hold on to your seatbelts this morning.

 

[Bquat]

1356 may be an entry point. I don't know if it will hold though.:notrust: Being below the 200 day I'm unsure of buying the dip but I can be convinced otherwise. Got to time things right for a deal in congress if it happens this week and QE3 is still there. Decisions?

 

[Bquat]

Doesn't look like the bulls want to negate this decending triangle so look out take your time before you jump. See the move confirmed this could be a false breakout. It can go either way.

 

[Mcqlives]

Doesn't look like the bulls want to negate this decending triangle so look out take your time before you jump. See the move confirmed this could be a false breakout. It can go either way.

Any redraw? Looking like the candles may be getting lit...

 

[Bquat]

Ok, we have 20 min. to decide. I pick 1391 as the entry point determination that this is a failed decending triangle. Which can go up as much as it was projected to go down. We should know soon. I hope. So far we have a lower high and lower low. Heads or tails?

 

[Bquat]

Any redraw? Looking like the candles may be getting lit...

Done that what's your choice? Need to bounce 1384ish.

 

[Bquat]

Remember 1390 was my bull trap line.

 

[Bquat]

So my call is not to jump because I don't see confirmation of the move but it could happen. The contrarian.:notrust:

 

[Mcqlives]

So my call is not to jump because I don't see confirmation of the move but it could happen. The contrarian.:notrust:

Bounced twice at 1385ish. This run may be weakening. Risk/reward is off for me too. I just need more confirmation earlier in the day.

 

[Bquat]

Remember 1390 was my bull trap line.

I guess yes it was. Now we're below the decending triangle and below the rising wedge. Both bearish. I guess big money would rather short than buy. Looks like we broke support and heading for 1356.:worried: I cleaned up the chart for tomorrow and redrew the decending triangle. Just that little bit short on making the failed decending triangle. I had stated the importance of the 1390 level. I'll admit that I was scared, that I should of got in, when we bounced off 1384 and headed back up. Now should we be bearish with another lower high and closing on a lower low? Hmm options week, could wipsaw Wednessday help? I don't think so. I'll watch the post market videos tonight.