Bquat's Account Talk

[Bquat]

Is that another IHS forming?

We would have to reach the top green line and then back down to 1620ish.

 

[Bquat]

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.

ok thanks

 

[Bquat]

If we break above the red line, I might do a surprising redraw.

 

[Bquat]

Is that another IHS forming?

I'm sorry, you may be right. I wasn't zoomed in to see this one.:embarrest:

 

[Bquat]

Ok, first off, I'm sorry for the cluttered charts. So the break down: Descending wedge, Inverse head and shoulder, double bottom, bullish. Check. Double bottom becoming descending triangle and head and shoulder and failure to reenter channel. Bearish:worried: check. Oscarism "seeing Head and shoulders all over may indicate trend reversal".Bullish Check You got it? uncheck Charts by ConfusingCharts.com Me I'm thinking double-bottom and that we past the head test with it. Any takers. I will supply a clean chart later, wife calling.

 

[Bquat]

Cleaner charts for tomorrow: The top green line with the bottom blue has me somewhat concerned but I'm trusting the double bottom slightly more. Ok open to interpretation.

 

[Bquat]

I cleaned the chart up more. The reds and blues made it harder to see the waveform. We are coiling for a move and I hope it turns and we don't go out the bottom.:blink:I would rather it be the isometric triangle rather than the descending triangle.

 

[Bquat]

This is a slowed decline than I expected. So approaching the 1%, we may be ok.

 

[Bquat]

Maybe now that you scared the crap out of everybody, let's bounce off this 1% and pop.:notrust:

 

[Birchtree]

I could actually use a couple more down days to take opportunity - I like golden prices.

 

[Mcqlives]

I could actually use a couple more down days to take opportunity - I like golden prices.

I think you got them...50fib gone and 1576 the next major stopping point (I will be surprised if 1600 holds). Friday could be key.

 

[Bquat]

Going with Frixxxx "I declare this correction over, dammit!" Just trying here.

 

[Bquat]

I think you got them...50fib gone and 1576 the next major stopping point (I will be surprised if 1600 holds). Friday could be key.

50 day 1603 buddy.

 

[Mcqlives]

50 day 1603 buddy.

50 line on the Fib... not the 50dma. I was wave theory this morning.

 

[Bquat]

50 line on the Fib???

50 day moving average. This better?

 

[Mcqlives]

It's not better if you are in the markets this afternoon.

 

[Bquat]

Going out of town a few days for granddaughter's graduation. Don't know if I'll be charting from there. So maybe the market will drift up in the absence of my charts.

 

[Bquat]

Things be looking better with the test of the 50 day.

 

[RealMoneyIssues]

Things be looking better with the test of the 50 day.

Yes, but it will be more believable if we can close higher tomorrow to confirm the move today...

 

[Bquat]

Lower High Line has just been broken.