Bquat's Account Talk

[Bquat]

Here's the clean chart for today. I may not get the bigger dip I wanted. Is this recent dip enought? I don't know. I'm thinking here.:blink:

 

[Mcqlives]

Here's the clean chart for today. I may not get the bigger dip I wanted. Is this recent dip enought? I don't know. I'm thinking here.:blink:

I don't know either...the CNBC folks have been bringing a steady stream of "experts" who (at least most of them) are expecting a 5% pullback. Normally this would be a signal for me to go contrary and consider buying in but, if you look at the Bolinger's we could be setting up for a 10% pullback. Or we could be establishing a solid floor and beginning another leg up in the coming days. The markets are as clear as mud right now.

 

[Bquat]

I have my lower high and now if the 5 day will let me get my lower low.

 

[Mcqlives]

If this wedge breaks to the downside do you think 1540 will be a good resistance point? I don't know if it could hold up...if it does we are off to the races though!

 

[Bquat]

I don't know either...the CNBC folks have been bringing a steady stream of "experts" who (at least most of them) are expecting a 5% pullback. Normally this would be a signal for me to go contrary and consider buying in but, if you look at the Bolinger's we could be setting up for a 10% pullback. Or we could be establishing a solid floor and beginning another leg up in the coming days. The markets are as clear as mud right now.

Off I go to senior bowl! You have the watch. Don't forsee anything.:blink:

 

[Bquat]

If this wedge breaks to the downside do you think 1540 will be a good resistance point? I don't know if it could hold up...if it does we are off to the races though!

I have the green circle there don't I. Yes I think it will hold. See ya.

 

[FAB1]

Off I go to senior bowl! You have the watch. Don't forsee anything.:blink:

fagetdaboutit

we know now where all the helium went this market is full of it

 

[Mcqlives]

fagetdaboutit

we know now where all the helium went this market is full of it

I want to believe that we are going up from here...but I just don't see it with this mornings action. Staying on the pad for another day.

 

[jpcavin]

I want to believe that we are going up from here...but I just don't see it with this mornings action. Staying on the pad for another day.

Nothing ever happens until after lunch. You should have hopped onboard and enjoyed the ride. It don't matter which direction it's headed. It always turns around.

 

[GUCHI]

Nothing ever happens until after lunch. You should have hopped onboard and enjoyed the ride. It don't matter which direction it's headed. It always turns around.

jp
your right about that after lunch thing... at least we should have till close of market that day. that way we would be playing with a full deck instead of half the deck of cards.

 

[Bquat]

I want to believe that we are going up from here...but I just don't see it with this mornings action. Staying on the pad for another day.

McQ, I might jump off the Lilly Pad tomorrow. I'm thinking we recaptured the channel and an asending triangle. Just need to close above bottom of yellow channel.
Anybody else thinking that was all the dip we get?

 

[Bquat]

Is that an asending triangle if you have some breakout below it?

 

[Mcqlives]

McQ, I might jump off the Lilly Pad tomorrow. I'm thinking we recaptured the channel and an asending triangle. Just need to close above bottom of yellow channel.
Anybody else thinking that was all the dip we get?

Tomorrow morning will tell but I think I am with you. JTH may be calling this almost perfect!

 

[FAB1]

Tomorrow morning will tell but I think I am with you. JTH may be calling this almost perfect!

Ill wait for a lower price because its coming. the buy and bolders will tumble right down with it

 

[Bquat]

Well I got the ascending triangle right. I put in an IFT for 100S but I may have to cancel.

 

[Bquat]

This at least confirms my top of the channel line and this is a bull flag forming. So a little push soon would be nice.

 

[Mcqlives]

Well I got the ascending triangle right. I put in an IFT for 100S but I may have to cancel.

That was a pretty solid bounce from 1561 as a potential ceiling. As usual I am sure we won't know a direction till after the cut off.

 

[Bquat]

That was a pretty solid bounce from 1561 as a potential ceiling. As usual I am sure we won't know a direction till after the cut off.

Yea you know my feeling about the deadline. If we change it a couple of hours we probably say the same thing but or investment managers would have 2 hours less to use the moving funds for their trading. JMO I am liking this pattern better. Got 45min to watch and see.

 

[Mcqlives]

Yea you know my feeling about the deadline. If we change it a couple of hours we probably say the same thing but or investment managers would have 2 hours less to use the moving funds for their trading. JMO I am liking this pattern better. Got 45min to watch and see.

ditto on the pattern this morning...as I see it we are in a slow climb similar to what we had in january. My question is whether there are still legs under this and we continue up towards 1600 or if we will be headed down soon. And if down, how far? 1530 is good resistance now but only represents a 2% drop...would that be enough to reset and head back up?

 

[Mcqlives]

10 minutes till go time...you getting in?