Bquat's Account Talk

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Bquat said:
Yeah we are low volume swinging and this last upward movement was bought with less volume. If I had entered yesterday I would of missed this anyway and soon I see what I missed today. The channel top is giving a fight and we'll see soon which direction wins. 1640 would be a good tweezers top.
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Agreed, 1640 may be it...I would like to hit 1648 for a bull confirmation. Probably know in 2 more hours.
 
Mcqlives said:
Was that a little ascending triangle at 1624?!?!?! If it was I really don't understand todays market
Click to expand...
You don't understand this market? Who does?:confused: That's the $64,000.00 question. Well if we go with the H&S (pink) and the Isometric Triangle (yellow) which normally breaks in the direction of the trend, we get 1578. If we go with the current IH&S (green) and we break in the up direction we get 1668. The last IH&S didn't work. So flip the coin. Oscarism is if you see a lot of H&S"s and more volatility a trend reversal may be coming. (this is from past Oscar comments as I haven't checked his site lately) Wait until close to the deadline or Tuesday.:confused: Or just set out where risk reward is 50/50 right now. With the bottom gap filled again there's nothing to pull us down and the upper gap filled nothing to pull us up. Every thin looks better with the EOD bounce yet the weekly is negative and may be below support. This is the 3% king and this is my last two cents. Now if you give me a $1.00 on Tuesday, I gladly repay you Wednesday after the Fed minutes.:notrust: Free charts that may not be worth two cents. Maybe that's why there free.:D Both sides for you guys.
 
Ok 1624 is the Bull / Bear power-line. Now if you take the last clean chart I did and realize the 38.2 is the middle of the Bollinger band, we are building a low base.:worried: It makes it a 60/40 chance that the IH&S may not make the 1640 line to complete the pattern. I'm also thinking the 1624 level may show the direction of the breakout. So this is something else to consider. Review, comment or provide a chart. You could be the one that is right.:D
 
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Now we all have to pay attention to the FED...I think Nnuut posted a picture of ol' Ben in his last post!
 
Ok guys be nice. Good morning. what will win? Doing a head test on the H&S and testing the base line for the IH&S. This can also be a triple top failed move. You are right we need to break 1650.Chart by IJustGotUp.com .:worried:
 
Mcqlives said:
Now we all have to pay attention to the FED...I think Nnuut posted a picture of ol' Ben in his last post!
Click to expand...
A little worried about not going "POP and GO". Showing resistance at this level. With some of the Fed saying some negatives to cool this market down, I think ol Ben may say good news this time to keep it going. The Fed does not want a big correction like Japan.
 
Bquat said:
Ok guys be nice. Good morning. what will win? Doing a head test on the H&S and testing the base line for the IH&S. This can also be a triple top failed move. You are right we need to break 1650.Chart by IJustGotUp.com .:worried:
Click to expand...

I thought I was being nice! I would be happy to close above 1646 today and worry about 1650 tomorrow. I agree though, we do need to break it soon.
 
Two failed Inverse Head and shoulder patterns.:confused: Is this inverse QE logic? Flat top becoming two Ascending Triangles short and mid term.:) Maybe creating a Bull flag or high base.:) Should we go bullish tomorrow and hope the Fed wants to say something positive to stop the correction. Chart by CanWeTrustThesePatterns.com Things look positive but not happening. What you think?
 
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