Bquat's Account Talk

[Bquat]

Don't know why but I have to double click reply to reply and can't use icons. Did you like the camel pattern?

 

[Mcqlives]

Don't know why but I have to double click reply to reply and can't use icons. Did you like the camel pattern?

Not really....I did not see this resistance at 1805ish coming. I hope this is just a blip with the news on Iran being digested but don't like how it is playing out this afternoon. I might have to play with the 20day and 50day a little tonight and see what things look like after todays action.

 

[Frixxxx]

No love at RSI 70 today......the volume ticked up the last two hours......Somebody needed to cover some hiney, I guess.

Is that how you spell that?

 

[Bquat]

Thanks guys for commenting. The double click may have just been my laptop I was trying incase of holiday trip. Ok, did we have a high base breakdown? Are we in a bear flag. Does the H&S still have a chance? I think so but for you guys I hope not. For you guys, since we're above all the moving averages, the orange channel is still good. EOD dip was bought.:worried:

 

[Bquat]

I have to figure out why the moving averages is different on my laptop. Maybe it's on a different time base.

 

[Bquat]

Not really....I did not see this resistance at 1805ish coming. I hope this is just a blip with the news on Iran being digested but don't like how it is playing out this afternoon. I might have to play with the 20day and 50day a little tonight and see what things look like after todays action.

Clean chart for tomorrow. The 50 day just above the horizon.

 

[Bquat]

Descending triangle should be confirming a sell signal. Should get a negative move when the market realizes were below the high base. Now to see if the bears want to play.:notrust: The bulls must get us back up over the base of the triangle. If we drift down from here it would be better for the market. Holiday trend reversal and come back up next week. I am not seeing any post H&S action, so it may not be a factor.:embarrest:

 

[Mcqlives]

Clean chart for tomorrow. The 50 day just above the horizon.

Still confused...topping or consolidation? Lots of highs but Nasd. may be holding everything back...

 

[Bquat]

Still confused...topping or consolidation? Lots of highs but Nasd. may be holding everything back...

Same here.Nobody wants to commit in either direction. So low volume consolidation instead of a drift up. We have moved to the right of the bear flag. Should be getting weaker but not seeing any sign of it.:suspicious: If we don't break down soon, I'll have to redraw a high base.

 

[Bquat]

They may be waiting for past our deadline.

 

[GUCHI]

once again the market has been waiting for the afternoon to make a move up or down. morning play is just pretend and afternoon is playing for keeps. IMHO my gut tells me its gonna rise just my gut tho not my head.

They may be waiting for past our deadline.

 

[Bquat]

once again the market has been waiting for the afternoon to make a move up or down. morning play is just pretend and afternoon is playing for keeps. IMHO my gut tells me its gonna rise just my gut tho not my head.

My gut says break downward. If we could get 3 hours added to our deadline it could improve our decisions 60% but no . They need the time to make day trades on our moving money before the market close.

 

[JimmyJoe]

once again the market has been waiting for the afternoon to make a move up or down. morning play is just pretend and afternoon is playing for keeps. IMHO my gut tells me its gonna rise just my gut tho not my head.

Good call. Also there are several reasons why this market will continue to rise. All three, the Dow, S%P, Nasdaq, are above a century mark number and holding, actually using these plateaus as a base. Also the QE is still causing the bond market to rise, and money from there moves into the equity market. Also it's holiday season and a proven, it's been established, time of the year for stocks to rise. Moving into 2014 the S%P will be at 1900 before May.

 

[Bquat]

Same here.Nobody wants to commit in either direction. So low volume consolidation instead of a drift up. We have moved to the right of the bear flag. Should be getting weaker but not seeing any sign of it.:suspicious: If we don't break down soon, I'll have to redraw a high base.

Done:

 

[Bquat]

They may be waiting for past our deadline.

Done also.

 

[Bquat]

once again the market has been waiting for the afternoon to make a move up or down. morning play is just pretend and afternoon is playing for keeps. IMHO my gut tells me its gonna rise just my gut tho not my head.

You got this one. Just hope we don't get a pain in the gut this afternoon.

 

[Bquat]

Someone stuck around to sell. Almost a bearish engulfing pattern:

 

[JimmyJoe]

Someone stuck around to sell. Almost a bearish engulfing pattern:

Someone big and many investors will buy tomorrow, making that seller eat some dust. The seasonality dictates tomorrow and Friday.

 

[Bquat]

Someone big and many investors will buy tomorrow, making that seller eat some dust. The seasonality dictates tomorrow and Friday.

I don't know for sure. I did draw out maybe a bull/bear switch line. Just trying it out.

 

[JimmyJoe]

I don't know for sure. I did draw out maybe a bull/bear switch line. Just trying it out.

Thanks for trying out a positive scenario. Chips are on the table. I want 4% gain this month but I'll take 3, if I get 5% in Dec. That might get me 35% for the year, might. If not, well there's always next year. 2014 will bring in some great gains. And that, by the way, is a sign of a millionaire, though I'm not one yet. That sign is, always looking toward the future, positive.