Bquat's Account Talk

[Bquat]

Both the primary and secondary drops were met in one day. Again you would think the move is over. I'm still one to wait for confirmation. Was this just a DCB or what? My red 50/50 line is now 50/50 as resistance but it has held earlier today. Maybe 60/40 chance of holding. I am so glad Spidey was right on on the drop amount. Only thing bearish is the fact that we're still 1% down and the market would benefit with more of a correction. So watch for dip buyers to continue buying at the open.:notrust:

 

[Bquat]

Longer term damage: Anybody scared?

 

[Bquat]

Comments and other thoughts welcomed.

 

[rspring]

When you say long term are you talking 3-5 months? It appears like the upper and lower bands are narrowing. I think we will definately see a correction within that time frame. I think we will get pressure on the market when Yellen takes the lead from Big Ben. A political event with technical results, so to speak. Thanks for your postings,

 

[RealMoneyIssues]

Longer term damage: Anybody scared?

Higher highs, higher lows, whats to be scared of?

 

[JTH]

Longer term damage: Anybody scared?

As long as the October trendline holds, there's still room for some optimism

 

[Bquat]

When you say long term are you talking 3-5 months? It appears like the upper and lower bands are narrowing. I think we will definately see a correction within that time frame. I think we will get pressure on the market when Yellen takes the lead from Big Ben. A political event with technical results, so to speak. Thanks for your postings,

It's long term for me because dailycharts are based on 1 hour. Thanks for commenting.

 

[Bquat]

Higher highs, higher lows, whats to be scared of?

I was going on it being a rising wedge and we're below the blue-green line.

 

[Bquat]

As long as the October trendline holds, there's still room for some optimism

This?

 

[Bquat]

Chart for tomorrow: Should be unbiased to watch tomorrows action.

 

[JTH]

This?

The 9 Oct - 18 Dec Trendline was violated, but as usual, I'll wait for confirmation.

 

[Bquat]

JTH's 1808 was touched in futures and now testing 50 day as support again after the bounce.:worried: Fib anyone? Also drop potential:

 

[Bquat]

Back to today's chart::worried:

 

[Bquat]

Hera we go. Find the floor.

 

[Bquat]

No hesitation at the head test. So no Inverted H&S. Testing the 50 day looking for dip buyers for you bulls.:worried: Sorry my friends. We may go for 3% correction.

 

[Bquat]

Pause at the 1% down for today level and not at the 50 day. Scared now? Longer term damage.

 

[Bquat]

Dip buying to lower highs failing as dumb money is still buying dips while savvy investors are taking profits. Still hoping 50 day holds again on next test from above. These may not be dead cat bounces but somebody is banging their cat's head on the floor. At least my Spider has a string from his web to dangle from. So 1821 or 1825 for confirmation of an up move? I might wait for 1831 if we do get a bounce. Major damage my be done. Too many charts?

 

[gronk007]

Never too many charts...keep em coming. Your thread is on the very short list of the ones I watch. Thanks for all your work.

 

[Mcqlives]

Dip buying to lower highs failing as dumb money is still buying dips while savvy investors are taking profits. Still hoping 50 day holds again on next test from above. These may not be dead cat bounces but somebody is banging their cat's head on the floor. At least my Spider has a string from his web to dangle from. So 1821 or 1825 for confirmation of an up move? I might wait for 1831 if we do get a bounce. Major damage my be done. Too many charts?

Ladder time? JTH's line (or close enough) held.

 

[Bquat]

Ok, a heads up. This is the third lower low and the second lower high, do you think investors will hold for the weekend even if there is a bounce before the deadline? I hope this isn't one we have to consider.:notrust: Even with a 1/2 % bounce I wouldn't buy today. It may take a weekend for the damage to be assessed.