Bquat's Account Talk

[Bquat]

Looks like the switch line really worked. Maybe I'll pay more attention when we're above it in the future. 5 day being tested as I type. I do think the bottom of the channel will hold as strong support becoming strong resistance. There was no hesitation on the 5 day going down so it may not hold.:worried:

 

[Bquat]

Forgot to show shorter term channel that's acting as resistance.

 

[Birchtree]

Mindylou says 1702 on the way before we close out the day. She knows more than me - so I listen.

 

[Bquat]

Mindylou says 1702 on the way before we close out the day. She knows more than me - so I listen.

Thanks for posting Birch. The top of your tree may be yellowing. Don't worry this may only be a short term dip.

 

[Bquat]

I still see downside but I am watching my switch line and could switch with it. Ok for the 40 of you that watched the close, we may want to watch futures. Chart looks bearish but we didn't go down the amount I was expecting.

 

[MrJohnRoss]

Thanks for posting Birch. The top of your tree may be yellowing. Don't worry this may only be a short term dip.

Haha! Oh man, that's the funniest line I've heard all day! :laugh:

 

[Bquat]

Ok, maybe I not making any headway this year but I am green even if it's only slightly. So, as to which, I have two cents to add. Many are thinking that if this dipping takes off they may want to switch to F fund. I feel in this reverse QE environment, bonds and stocks will both drop. IE: Bonds and stocks are both up only by Fed manipulation. Just an opinion and feel free to add your two cents. Ok I'm only have a cent left now.

 

[ravensfan]

Ok, maybe I not making any headway this year but I am green even if it's only slightly. So, as to which, I have two cents to add. Many are thinking that if this dipping takes off they may want to switch to F fund. I feel in this reverse QE environment, bonds and stocks will both drop. IE: Bonds and stocks are both up only by Fed manipulation. Just an opinion and feel free to add your two cents. Ok I'm only have a cent left now.

I can't argue with you there Bquat. I've been seeing the same thing in the F Fund and have stayed away. To much risk, not enough reward...

 

[Bquat]

By the futures, I was thinking we could fill the first gap today. But because jobless claims rose by 7,000 which is good for reverse QE effect, it may be harder to break the light blue line. We had broken through it in the futures but bad economic news is good news for free money we may hesitate at it in the real world. A chart to remind us of gaps we may not fill yet. I will be out of pocket so comment for others.

 

[Mcqlives]

By the futures, I was thinking we could fill the first gap today. But because jobless claims rose by 7,000 which is good for reverse QE effect, it may be harder to break the light blue line. We had broken through it in the futures but bad economic news is good news for free money we may hesitate at it in the real world. A chart to remind us of gaps we may not fill yet. I will be out of pocket so comment for others.

1687 has to break for bull run to go on.

 

[Bquat]

1687 has to break for bull run to go on.

Yeah I moved my switch line to there.

 

[Mcqlives]

Yeah I moved my switch line to there.

Nice head and shoulder appearing!

 

[Mcqlives]

Where o' where is Bquat? You should be charting like a mad man this morning!

 

[Bquat]

Where o' where is Bquat? You should be charting like a mad man this morning!

Internet is down and I'm out of pocket. Looks like bear flag.

 

[RealMoneyIssues]

Internet is down and I'm out of pocket. Looks like bear flag.

 

[OBXTrader]

Still learning, but aren't we looking at 1676 gap fill by close of business and then down from there next week?

I went 100% cash on Monday in all my funds and so far that was a good call (this time).

 

[Mcqlives]

Still learning, but aren't we looking at 1676 gap fill by close of business and then down from there next week?

I went 100% cash on Monday in all my funds and so far that was a good call (this time).

That is one view (it is mine) but maybe not today. If you look at Bquats last chart you will see a coiling right where we are now. Whichever way we go will have some momentum to it. 1686 is a key level short term.

 

[Bquat]

I have internet again. Yes I know that I said that "I will keep a better look at the switch line and may use it." But no I'm not. I think this is a Head and Shoulder with a rounded top and that we're going for a head test. Bad news came in Friday and that was good news for the reverse effect. I think earnings season is about over isn't it? We may not have any catalyst for the market now. So here we are with negative TA and looking to see if the market again sees weakness as QE strength. I drew this before reading other posts so I'm not influenced. Now that I have internet, I will review Friday's videos to see how wrong I am.:blink: As always if you disagree post here:

 

[Bquat]

What? No I can't read your mind. You have to post it here. Yes I'm wrong until I'm proven right.:notrust: And no I didn't realized I had 4,000 posts.

 

[Mcqlives]

I have internet again. Yes I know that I said that "I will keep a better look at the switch line and may use it." But no I'm not. I think this is a Head and Shoulder with a rounded top and that we're going for a head test. Bad news came in Friday and that was good news for the reverse effect. I think earnings season is about over isn't it? We may not have any catalyst for the market now. So here we are with negative TA and looking to see if the market again sees weakness as QE strength. I drew this before reading other posts so I'm not influenced. Now that I have internet, I will review Friday's videos to see how wrong I am.:blink: As always if you disagree post here:

ditto...