Bquat's Account Talk

[Bquat]

Holding 1816 right now - here comes yet another leg up against all the odds. You have to swing big when it seems outrageous to be doing so.

You had me at hello. Birchism is when every thing goes bullish until it doesn't. Trying to show possible birch channel: Yes this is a biased chart. Wishing a slight drop to my midline for my COB entry.

 

[Bquat]

I just read this and realized I miss typed it...50c and 50i. I wish I was in S today but at least I'm making money!

Didn't think of I as money leaves foreign markets for US. Just a guess.

 

[Bquat]

Playing with a Santa Rally Ladder just in case. I'll be fine with an 1820.50 buy in.

 

[Bquat]

I'm in! Now ready for Monday. Now everybody will do the opposite. Ok cleaner chart for Monday. Excuse the bias.

 

[Dutchy]

=Bquat;434822]I'm in! Now ready for Monday. Now everybody will do the opposite. Ok cleaner chart for Monday. Excuse the bias.

The upper channel is at 1832 area, how much more serious upside could there be ? I understand that next week has positive
bias but would it not be smarter to wait for dip to 1800 area ?? OK, on flip side, that dip may not come until well into 2014..

 

[Bquat]

The upper channel is at 1832 area, how much more serious upside could there be ? I understand that next week has positive
bias but would it not be smarter to wait for dip to 1800 area ?? OK, on flip side, that dip may not come until well into 2014..

We just had a triple top breakout that is a very bullish event. It could break above the existing channel. P&F chart is calling for 1930. I don't think that much will happen. The Fed just easing off 10 billion a month and continuing QE unlimited but just at the lower rate popped us out of the dip. I was seeing a potential inverted cup and handle (very bearish) and longer term weakness. The 2% pop got us above anything that I thought was bearish and back into the longer term channel. So my 180 turn. Think 300 points Dow, 25 C fund and 20 S from here is possible. I'm just in for a eyes wide open run up watching for any weakness.

 

[Bquat]

I'm happy with today's action. It gives us all day to build a high base for next rung. I am a little worried with the position of the top of the channel and next rung.

 

[Frixxxx]

Wait for it....................

 

[Mcqlives]

I'm happy with today's action. It gives us all day to build a high base for next rung. I am a little worried with the position of the top of the channel and next rung.

I hope you have to draw another rung tomorrow...but I'm starting to get a little nervous. Maybe too much too fast?

 

[Birchtree]

Transports are confirming Dow Theory buy signal - buy now because they'll only cost more next week.

 

[Bquat]

I hope you have to draw another rung tomorrow...but I'm starting to get a little nervous. Maybe too much too fast?

I don't know for sure but I'm less nervous I think we're building again for a little pop.

 

[Bquat]

Clean chart:

 

[JTH]

Clean chart:

Reviewing the charts last night, we still have more room to the upside, but I also think we are already "almost there." IMHO we should float around for a few days, letting the math (indicators) catch up with price.

 

[Bquat]

Reviewing the charts last night, we still have more room to the upside, but I also think we are already "almost there." IMHO we should float around for a few days, letting the math (indicators) catch up with price.

That's what I was thinking, but mainly wanting a low volume float up.

 

[Bquat]

What I'm also waiting for is bad Christmas sales and a pop for QE continuing and then a pop in post Christmas sales because everybody and their brother are starting to delay Christmas giving to save funds.

 

[Bquat]

I'm happy with today's action. It gives us all day to build a high base for next rung. I am a little worried with the position of the top of the channel and next rung.

Ditto:

 

[Bquat]

We just had a triple top breakout that is a very bullish event. It could break above the existing channel. P&F chart is calling for 1930. I don't think that much will happen. The Fed just easing off 10 billion a month and continuing QE unlimited but just at the lower rate popped us out of the dip. I was seeing a potential inverted cup and handle (very bearish) and longer term weakness. The 2% pop got us above anything that I thought was bearish and back into the longer term channel. So my 180 turn. Think 300 points Dow, 25 C fund and 20 S from here is possible. I'm just in for a eyes wide open run up watching for any weakness.

Ditto: Now a diagonal triple top breakout. Major resistance broken. Now should I worry? Happy with my newer spider. Thank Nnutt.

 

[Bquat]

Does look like my rung is calibrated. Now if it stands up as new support.

 

[Bquat]

Even the sub channel is good.

 

[Bquat]

Everything is looking good. Ok as before I try to pre-pick an exit. 1842 to 1850. What you guys think? Or should we exit Friday for full volume Monday?:blink: