Bquat's Account Talk

[Bquat]

I don't see a rocket boost yet. Matter of fact I see some sideways consolidation to rebuild strength after recovering the 1%. I have a consolidation channel in white. The lower high line has been broken (gray) and thinking we're on the way for a higher high. The Fed announcing QE continuing and higher requests for house building permits should help us. I know if we break a higher high and confirm this move people should continue to buy this dip. Changed channel to orange for 13 day supported.

 

[FAB1]

EU has reared its ugly head again. hmmm.

 

[Bquat]

EU has reared its ugly head again. hmmm.

Yeah I hope this down move is done. Can't fight the news but in weakness there could be strength. At the 1% mark. Turn baby.

 

[FAB1]

please explain your one percent calculation again.

 

[FAB1]

overall volume is light we've yet to see which way todays direction will go

banking on the dip buyers to the rescue sorta like the Cavalry arrives in the nick of time. eh?

 

[Bquat]

please explain your one percent calculation again.

Well to me it seems like when the market moves quickly in a direction and gets about 1%, the computers look like they need user input for direction. There seem to be a hessitation there and the best chance to hold or reverse there. It might not be true but it's what I believe. I haven't resized the 1% lately but it works.

 

[Bquat]

overall volume is light we've yet to see which way todays direction will go

banking on the dip buyers to the rescue sorta like the Cavalry arrives in the nick of time. eh?

Looks like they're watering their horses at the 13 day river.

 

[Bquat]

Looks like they're watering their horses at the 13 day river.

Three test of the 13 day and the bottom of the channel. I think I can trust this level. Watching...Just got to get the market to trust the TA.

 

[Bquat]

I be looking for a pattern repeat here. It could happen.

 

[Bquat]

What? Oh just thought Fab wanted to say something. Be a good time to see those ney sayer shorts to cover.

 

[FAB1]

you never know my battery might be drained again. ; )

 

[FAB1]

well as they say Easy Come Easy Go.

So far I haven't LOST anything on this trade...I think.

 

[Bquat]

well as they say Easy Come Easy Go.

So far I haven't LOST anything on this trade...I think.

This is what I see but I don't trust this market. Must of had some bad news because it was looking like the dip was being bought.:notrust:

 

[FAB1]

Tom's commentary today sounds bearish to me...courzs he is no doubt seeking a lower opp to buy. I have doubts that the momentum is fading going to hang tough but thr recent volatility isnt a good sign either.

 

[Bquat]

Tom's commentary today sounds bearish to me...courzs he is no doubt seeking a lower opp to buy. I have doubts that the momentum is fading going to hang tough but thr recent volatility isnt a good sign either.

A little bearish sentiment may help uson our quest for 1580.

 

[FAB1]

uson?

 

[Bquat]

uson?

us on You and me and McQ. So here we go. Us on or quest. Good size pop this morning. Recapture 1559.

 

[Bquat]

Looking for the full power of the force. I want to see shorts cover today. Now if I could only get my wish?

 

[Bquat]

Stage one of my 3 stag rocket took it's time but it got us over the first stage of resistance. Stage two needs to break two stages of resistance and wake up this market.

 

[Bquat]

Stage two is having a little trouble igniting. I was over encouraging a friend. It was falling back into the atmosphere to test the 5 day as support and now past the bad fuel and we're reigniting it now. We must show confirmation of this move before the deadline.