Bquat's Account Talk

[Bquat]

Just wondering in light of the recent run up, if it is possible for chart interpretation and analysis to forecast anything but a need for a correction? I don't have a grasp of this at all, but it seems that technical analysis tends to produce mostly caution signals. Does chart analysis ever anticipate a bull run? Or is that a more long term calculation? Thanks....

That's what I was out for. I been expecting a pull back for a while now. Used to be a double top was a bad thing but for times in this market they develop into ascending triangles like the last one. What has me staying G is I see positive charts once in a while but have the go away for May mentality. I expect a major correction that may not come but it could. I don't think chart analysis determines a bull run coming or at least that's longer term than I deal with. I think it's defined with a rising 200 day or being above it.

 

[Bquat]

I'm thinking of playing this like I used to when we had daily moves...follow a double point gain in the C today with a day in the I tomorrow (to pick up a solid point gain).
Back then the FV would always **** me off...but I made lots of money!

If I do this I'll let you know...me getting in is just about sure to make the markets tank!

A lot of us think that way. That's why Birch say the bull doesn't like company.

 

[Birchtree]

The market will do what it wants to do when it wants to do it. We are still in the beginning stages of an accelerated parabolic move to the upside - look at the angle of accent of the price pattern from November.

 

[Bquat]

I have something for you guys. Nope never mind, I think I lost it a few month's ago. Oh I'll try it again. Today is an exhaustion move the top is near. Unless it isn't. Used to be a correction after a new high when we got over bought but with Fed buying I don't know anymore. The last one didn't cause profit taking. So I'm at a stand still unable to decide. So I won't.

 

[Mcqlives]

Rollin the dice and going I.

 

[Bquat]

Rollin the dice and going I.

YOU GO BOY. I hope the move isn't done.

 

[Mcqlives]

YOU GO BOY. I hope the move isn't done.

I hope so too. When I chart things out there are a lot of stops on the way down but with liquidity seeming to drive this, I don't see resistance that matters. Only thing taking this down will be really, really bad news...or me entering the markets!

 

[Bquat]

I hope so too. When I chart things out there are a lot of stops on the way down but with liquidity seeming to drive this, I don't see resistance that matters. Only thing taking this down will be really, really bad news...or me entering the markets!

I see a slight double top in the I today but foreign market may pop after us. AGG is confirming your move so you might catch it. I just think the pop in I may be today.

 

[Bquat]

I have something for you guys. Nope never mind, I think I lost it a few month's ago. Oh I'll try it again. Today is an exhaustion move the top is near. Unless it isn't. Used to be a correction after a new high when we got over bought but with Fed buying I don't know anymore. The last one didn't cause profit taking. So I'm at a stand still unable to decide. So I won't.

Finally a show of weakness at the top. Do we trust this. I don't know anymore.:worried:

 

[RealMoneyIssues]

Finally a show of weakness at the top. Do we trust this. I don't know anymore.:worried:

Yeah, I wouldn't blow it out of proportion... there might be some sideways movement, but don't count on a drop anytime soon...

 

[Birchtree]

You don't have to know why it is what it is, you just have to follow the money. The whys and whats will always be known later on, but it's detrimental to ones bottom line if you swim against the tide. What you want to maintain is the discipline to always be looking for change before the majority realizes what's going on. And money flow is moving in the right direction.

 

[Mcqlives]

Finally a show of weakness at the top. Do we trust this. I don't know anymore.:worried:

Same weakness I have seen at the "top" the past 3 tops. This one could be it though...

 

[RealMoneyIssues]

Same weakness I have seen at the "top" the past 3 tops. This one could be it though...

 

[Bquat]

Same weakness I have seen at the "top" the past 3 tops. This one could be it though...

I was going with the top tail. Out of pocket right now. We're going for first place in the old people's league.

 

[Mcqlives]

Good luck!

 

[Bquat]

Fib. Retracement:

 

[RealMoneyIssues]

Fib. Retracement:

From where to where? We haven't hit a top, nor turned down to worry about a retracement??

 

[Bquat]

From where to where? We haven't hit a top, nor turned down to worry about a retracement??

I am confused that this market is the eveready rabbit... Projected retracement after touching the top of the channel. I be wishfully out guessing things in the absence of TA.:blink:

 

[Bquat]

Post deadline move confirms I'm wrong. Looks like the bears may give up. Top of channels don't even matter anymore.

 

[Birchtree]

A line on paper won't keep Ferdinand enclosed - you need to electrify it. We could see 1700 in a matter of days with the current stampede.