Bquat's Account Talk

[Bquat]

Now for Birch breaking the pink line would be another diagonal triple top breakout and the rungs are lined up to support it.:notrust: Birchchart:

 

[Mcqlives]

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:

I'm not sure...I drew a little longer than you and saw 1865 as a possibility but I am leaning to somewhere in the 1840 to 1848 range. This uncharted territory makes it harder to chart out a 5 day progression (what I have been trying to guess at lately) but I do think we are edging into overbought territory.

 

[Bquat]

I'm not sure...I drew a little longer than you and saw 1865 as a possibility but I am leaning to somewhere in the 1840 to 1848 range. This uncharted territory makes it harder to chart out a 5 day progression (what I have been trying to guess at lately) but I do think we are edging into overbought territory.

So we watch the 1844 level and watch the action above the yellow caution rung. agree?

 

[Bquat]

In review drawing longer term in another post I saw this and the new channel lines up belter. I am seeing some topping tails on today's candles but it just may be a high base forming. Removed the upper thin trace because we're touching the top of the ladder again. Yeah compulsive charting again.

 

[Mcqlives]

1840?!?!?! Why did that act as a ceiling?

 

[Bquat]

1840?!?!?! Why did that act as a ceiling?

I said 1844 was a good decision point. 1852 may be the ceiling. Just was considering your 1840-1848 range. Wanted to be out before the touch and possible drop at 1852.

 

[Mcqlives]

I said 1844 was a good decision point. 1852 may be the ceiling. Just was considering your 1840-1848 range. Wanted to be out before the touch and possible drop at 1852.

Agreed...just did not expect this pause (I hope) at 1840.

 

[Mcqlives]

I have to make my decision now...I'm staying in and see what this afternoon and tomorrow brings.

 

[Bquat]

I have to make my decision now...I'm staying in and see what this afternoon and tomorrow brings.

I'm staying in also. Worried about the little gap that may fill Monday with volume but it's on top of the last rung and may be a good thing.

 

[Bquat]

Looking good. I am real surprised my rungs are so calibrated. You think the market is looking at them?:suspicious: One hour to high base.

 

[Mcqlives]

I'm thinking we may be seeing a reversal soon...What does your spidey sense say?

 

[Bquat]

I'm thinking we may be seeing a reversal soon...What does your spidey sense say?

Remember when I said we'll watch at 1844? Well I was worried about a touch and drop a little above it but we got up faster than expected and the touch may have started.:worried:
If my caution rung is not retaken I'll probably exit. Watching the F flag bottom trace right now.

 

[Bquat]

It held so far.

 

[Bquat]

I'm thinking we may be seeing a reversal soon...What does your spidey sense say?

Spidey says drop 50% exposure for Mondays full volume day and decide with January news to + or - 50% as I have mentioned for 2014 trading strategy. What you think?

 

[Bquat]

Spidey says drop 50% exposure for Mondays full volume day and decide with January news to + or - 50% as I have mentioned for 2014 trading strategy. What you think?

Even though this is a high base, I am going to 50G, 25S and 25C to reduce 50% risk for possible post Holiday Trend Reversal with higher volume.:notrust:

 

[Mcqlives]

Even though this is a high base, I am going to 50G, 25S and 25C to reduce 50% risk for possible post Holiday Trend Reversal with higher volume.:notrust:

I think I'm going to take a break too. I may miss out on a little but I see the odds of a actual dollar loss higher than the percentages I would make off of gains.

 

[Bquat]

I think I'm going to take a break too. I may miss out on a little but I see the odds of a actual dollar loss higher than the percentages I would make off of gains.

I currently have 7% to protect. It am so surprise how the ladder worked an the yellow rung was right on. I may turn out better for us deciding today and not being exposed for Monday.

 

[Mcqlives]

It (your ladder) worked very nicely...I just don't have a clue with this meandering around the 1842 mark. I bailed out of C and left my I. Hopefully Monday is good in the I fund still but I am getting more concerned with Egypt impacting the regions stability going into the new year.

 

[Bquat]

Playing with this chart. Yellow lines reduce exposure and white lines are look for support. Comments as this goes forward for 2014.

 

[Birchtree]

I'd settle for SPX of 1900 by the end of January 2014 - anxiety levels are growing daily and heads will be popping off soon from those missing the boat.