Bquat's Account Talk

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Bquat,

I owe you a post before I take off. You have been doing a great job and a fantastic service with your postings. Keep it up!!!

Good luck!!
-RMI
 
Mcqlives said:
Looking forward to next chart...should be a very good indicator of things to come!
Click to expand...
All I can hope for is that the 50 day which is running parallel with the old channel, holds. Consumer confidence is up, so outlook is up and QE's chances of continuing is down. Another day of good news being bad. Used to be this size of dip was all the market needed. Have we finally switched to bearish? I'm on the wrong side of the coin again.:p
 
Bquat said:
All I can hope for is that the 50 day which is running parallel with the old channel, holds. Consumer confidence is up, so outlook is up and QE's chances of continuing is down. Another day of good news being bad. Used to be this size of dip was all the market needed. Have we finally switched to bearish? I'm on the wrong side of the coin again.:p
Click to expand...

I would be more bearish if we closed under there...say in the 1650's. But I would be more bullish if we had bounced off of the 50day and climbed instead of the dips below and then closing at it. Yet again a day where the markets direction is clear as mud.

One interesting note...check out how volume peaked first thing and then rode steady almost the entire rest of the day. That begs to ask; Where was the smart money today?!?!?!

And thanks for the chart!!!!!!
 
Still wanting to get back above the 50 day. Luck has it we didn't break down after breaking it. In an inverse F flag which is bearish until it breaks . I may just be watching the pause before the storm. But the good news which was bad news for QE was good news. Now there you go, something to figure out. I am in and hope it's not the bear's den. :notrust:
 
Mapper said:
Oh, I missed that you made an entry?:embarrest:
Click to expand...
When I don't come up with this entry independently on my own, I don't say anything for a couple of days. I'm not trusting myself lately and can't decide if I should run silent and run deep. My second guessing QE indefinite sucks. When your getting to not trust your own T/A, you're worried about misleading. I may even follow the leaders with buy and hold 4 to 6 months next year. I have evaluated at least my guessing is bad. Some just like my charts and may know how to maneuver around my short comings this year. Do you like the charts even if they're reverse from QE?:o
 
That was me during a good chunk of 2012 my friend!...I reference your charts all the time and credit them with how well I am doing this year (I am now beating the C thanks to this past weeks action)!
 
Bquat....Still wanting to get back above the 50 day. Luck has it we didn't break down after breaking it. In an inverse F flag which is bearish until it breaks . I may just be watching the pause before the storm. But the good news which was bad news for QE was good news. Now there you go, something to figure out. I am in and hope it's not the bear's den. :notrust:
Click to expand...

Thank you for the great graphs... This one is looking ugly, but I'm still in too, trusting on a bounce next week !!
 
If we have a completion of the 4 % correction we'll complete the inverse Head and shoulder using the switch line as a base. This will give us a chance at 1800. Yeah you hear me right. But that almost another 1% down and being under the 50 day we are very close to Armageddon. But dip buyers have trusted the fed and QE is not dead. So I'm in wondering why I always enter half way in the dip. Do I have the fortitude to take the risk? I don't know. Do you? Is it a Inverse Head and Shoulder. Is this only a Birch chart? Inquiring minds want to know and I want to know. Why do I do this?:sick: I have a following of people that like my charts and what I seem to come up with.:rolleyes: They're the ones with the lucky coins that they flip to see if I'm right or wrong. I'm in and I don't know for sure if that's good or not.
 
I'm still watching the transports they could be starting to turn up. If we get some follow through to the upside I'll look at entering otherwise I wouldn't be at all shocked if we keep going down. Look at longer term charts. We are in a bullish channel but i see the magnitude of the little corrections seems to be increasing a bit each time... I won't be surprised to see that pattern play out a bit more before we reach Armageddon. My downside target sits at the low end of the channel right around 1600. I hate making open prognostications though since they usually are the kiss of death for my position... And I'm bearish at the moment. Big part of that in tsp is that I'm home shopping and being more cautious.

Again, I'm watching transports close.
 
Not much action today. Maybe sellers are giving up. I am happy with todays action. It might be close enough to the right shoulder and we can break up over the 50 day.:)
 
There's more than a 50% chance we move above the 50 day after the deadline. But be aware that I'm the one guessing this.:notrust:
 
wow...did you guys catch the uptick in volume off and on through the day? This sure looks like pricing in the fed statement is the name of the game.

So do we get our bounce starting tomorrow, Wednesday or when? I think 1636ish is still a good line for potential buy in but if it falls much lower than there then my past lines are out the window and I have no ideas.
 
Mcqlives said:
wow...did you guys catch the uptick in volume off and on through the day? This sure looks like pricing in the fed statement is the name of the game.

So do we get our bounce starting tomorrow, Wednesday or when? I think 1636ish is still a good line for potential buy in but if it falls much lower than there then my past lines are out the window and I have no ideas.
Click to expand...
I'm out of pocket but I do think we're at the possible bounce spot right now. Chart to follow.
 
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