Bquat's Account Talk

[Bquat]

Hang in there friend it's difficult to say where this will go. I'm prepared to absorb a 2% pullback from current levels, anything beyond that gets scary...

I was not going to stay in until we tested the 50 Day but due to the elections in Europe, we're already almost there. I'll watch today being a 1% contrarian YTD and see if the market over reacted to the news.So here's the red chart. Do you see the bottom of an old purple channel comming up?1476ish is a very strong support line. Can't fight the news, so let's have some good news we cant fight. JTH congrates on the excellent buy in level.

 

[Bquat]

Begin again chart with old channel and peak column.

 

[Bquat]

Contrarian here. If we were to take the old channel as a ladder and the light blue lines as steps. We should get a big move up soon. Just a theory though. Any agreement? Get ready for news? Getting desparate am I?

 

[Bquat]

Just hope we don't have to go to test the 50 Day for it.

 

[Bquat]

Here's the skinny. The market is not acting like it oversold the news but since we're less than a percent from the 50 Day I'm staying in for the 50 Day bounce.

 

[Bquat]

I'm ok. Heads up on H&S.

 

[Mcqlives]

Where you at today my friend? we got a bounce and you didn't re-chart...very unlike you. I hope all is well.

If nothing else my post puts you back up on the first page where you can find it easy!

 

[Bquat]

Where you at today my friend? we got a bounce and you didn't re-chart...very unlike you. I hope all is well.

If nothing else my post puts you back up on the first page where you can find it easy!

Senior Bowling my friend. Early day Wednesday. Had to wait on the head test before redraw. Ok for you threepeat. Pattern repeat from dips. Trying Birchist from the non-contrarian indicator. Back to my entry level.

 

[wavecoder]

waht's going on in the 2nd pic? so many lines i can't even see the price action haha.

 

[Bquat]

JTH, doesn't this larger dip give is more up potencial? Was todays move large enought to get us back above support in the longer time frames? Inquiring minds want to know.

 

[Danny]

Could there be a inverted head & shoulders pattern forming?

Thanks,
Danny

 

[Bquat]

waht's going on in the 2nd pic? so many lines i can't even see the price action haha.

You look at the old purple channel as a ladder up and the light blue V's as steps on the ladder. This is the third time we came up quickly from the bottom of the old channel. The second time comming right back up from bad news. We didn't even touch the bottom this time.Highlighted Birchcahrt for you. Can you see now?

 

[Bquat]

Could there be a inverted head & shoulders pattern forming?

Thanks,
Danny

Could be but I would prefer to break the 1526 and go to the new high. And remember I just got back from being a contrary indicator and were Birchcharting, which is maxing the bullish potential of things with 40/60 gain to risk chance.:notrust:

 

[Bquat]

Now to be fair and not Birchcharting. I am bullish and believe that the dip buying was confirmed today and hope shorts will cover. But, the chart is still lower lows and lower highs untill a higher low is set.

 

[Bquat]

Chart for tomorrow. I think we go up. We have a 50/50 chance of going for a new high as to hitting a double top. Also that's if the sequester is figured in the market as it should be. Any news may be good news. So here's an almost unbiased chart.

 

[Sensei]

Chart for tomorrow. I think we go up. We have a 50/50 chance of going for a new high as to hitting a double top. Also that's if the sequester is figured in the market as it should be. Any news may be good news. So here's an almost unbiased chart.

We've had a lower low, and yet to make a higher high. If we don't get follow through to the upside tomorrow, I fear we're beginning a new downtrend. First few days of March have good seasonality though.

 

[Bquat]

Well we did move up. Sideways consolidation (high base) befor moving to new high. So glad we're not doing this at 1524. Let's build support for a push up. Right now I'm positive for this trade by an itcy bitcy.

 

[Bquat]

We've had a lower low, and yet to make a higher high. If we don't get follow through to the upside tomorrow, I fear we're beginning a new downtrend. First few days of March have good seasonality though.

Me I'm worried a little too.Don't really want to test 1500 again.:worried:

 

[Bquat]

As I mentioned befor I want so much to save an IFT here and go into March in the market with two IFT's. Been High basiin two hours and I think the market is just moving sideways waiting for a deal. The sequester is already considered and it's been two hours, so let's go. We now have the strength. There I did my push.

 

[Bquat]

Looking at the majority moving to G and F today makes me feel they believe the sequester in not already priced in. Well I'm hoping the oppisite and I continue up. I was 999 on the tracker and maybe a lot lower the day before. I'm now 776 and hope on my way back to 666. Ex-contrary Indicator is hoping to be contrary to the up side. So the deadline has passed, the high base is continuing sideways and the sequester is 99% sure to happen. Prabably nobody agrees with me and I'm ok with that.:notrust: