Bquat's Account Talk

[Danny]

Continuing to wait for the pattern to complete. Danny is this it?

I was thinking we would complete the right shoulder today or tomorrow at 1660ish...

Thanks for asking!

Danny

 

[Bquat]

I was thinking we would complete the right shoulder today or tomorrow at 1660ish...

Thanks for asking!

Danny

Both patterns are still holding but I would be happier if we get back below the 5 and 13 day.

 

[Bquat]

Even though I see a bull flag forming, I have two patterns suggesting the other direction. I shall continue to wait on the larger pattern. By the way more of the peoples are buying in according to today's tracker.:notrust: Me? I'm that other guy that will have to make a choice tomorrow, yes? 31 days has May.

 

[Bquat]

JTH if you read me. I would like a chart for tomorrow. Pretty please.

 

[Bquat]

Well did the bull flag convert into a F flag which may be failing? Don't you guys think that we fell back into the patterns? I could change the over trace line to pink. I'm still seeing weakness here and we still have a pattern of lower highs. 13 day acted as support and we're below it again. So here you go, the chart: I hope for better direction tomorrow so I can see if I use a last IFT for May. So far I'm not. Do the charts help you? Am I too negatively biased. Only you and the market knows.

 

[JTH]

I've been unable to watch the markets due to my new position at work, should I use my last IFT tomorrow to enter the markets?

 

[Bquat]

Sorry guys, I was at the hospital with the wife today. She had an operation and is doing fine. Well the markets dropped a day early. I kind of expected it to get to the end of the triangle. Well maybe 1% more down. I'm giving the 50.0 fib a 60/40 chance of holding. I am so supprized AGG didn't confirm the move (bottom of page). Here's the chart:

 

[nasa1974]

Sorry to hear that your wife is in the hospital. Glad to hear she is doing OK.

 

[Mcqlives]

Hope your wife is on the mend and is back home now or will be soon.

 

[Bquat]

Sorry to hear that your wife is in the hospital. Glad to hear she is doing OK.

Thank's

 

[Bquat]

Hope your wife is on the mend and is back home now or will be soon.

She's back home since yesterday afternoon. Started to get precancerous nodules it her uterus, so decided to take it all out as to not have to worry any more. I don't know if it's the meds or what? She's been happier than normal lately. Probably the pain killer.

 

[Mcqlives]

She's back home since yesterday afternoon. Started to get precancerous nodules it her uterus, so decided to take it all out as to not have to worry any more. I don't know if it's the meds or what? She's been happier than normal lately. Probably the pain killer.

Glad to hear it! Maybe my wife needs whatever you wife is taking

 

[Mcqlives]

On a markets note...this 1630 acting as a ceiling is very worrisome.

 

[Bquat]

On a markets note...this 1630 acting as a ceiling is very worrisome.

I'm doing errands right now. Will look later. I think mid-term bull flag. Short-term low base / bear flag. We'll see when I get back.

 

[Bquat]

Markets didn't dip as much as I expected. We need to stay above the light blue line and break above the red resistance line and the 20 day. I think we may be in a bull flag. Many are not trusting this bounce. That's why the above statement.

 

[Bquat]

I'm doing errands right now. Will look later. I think mid-term bull flag. Short-term low base / bear flag. We'll see when I get back.

I think the little bear flag was proven false when we reentered the channel.

 

[Mcqlives]

I think the little bear flag was proven false when we reentered the channel.

Yep...and now we have 1646 (my old out line) acting as resistance. Bull for now but bears if your blue line gets broke this afternoon. Everything is short term for me.

 

[Bquat]

Yep...and now we have 1646 (my old out line) acting as resistance. Bull for now but bears if your blue line gets broke this afternoon. Everything is short term for me.

1640 old support being tested as support. We are in a high base until the light blue line or red resistance line is broken. Declining wedge green redraw. Tried to clean chart up a little. By the way do you like the fib lines or were the resistance support lines more relevant?

 

[Danny]

Is that another IHS forming?

 

[Mcqlives]

1640 old support being tested as support. We are in a high base until the light blue line or red resistance line is broken. Declining wedge green redraw. Tried to clean chart up a little. By the way do you like the fib lines or were the resistance support lines more relevant?

Fib lines are nice in this type of market. I relied on the res/sup lines and ignored the fibs too much and paid for it. Now I am still way on the plus side for the year and am in I fund hoping to make some of the last weeks losses back. Now I am hoping we get a weak dollar over the next week.