Bquat's Account Talk

[Bquat]

1914 projection right? That's a Birchism in itself.

1872 + 47 (distance top to bottom of triangle) = 1919. OK, OK I was 5 off. We need a break of 1900 to quell market correction fears. There is a 30/70 chance of this and I can't show it because we're at the top of my chart. You might could see it on JTH's chart but I'm expecting this to happen within two weeks. I have been wrong before so this is in reality a grain of salt chance.:notrust: This should generate some comments: I may need a Russian stand down for this.

 

[WorkFE]

You might could see it on JTH's chart but I'm expecting this to happen within two weeks. I have been wrong before so this is in reality a grain of salt chance.

You're not alone in that, quite a few are reading the same.

 

[Bquat]

You're not alone in that, quite a few are reading the same.

About the correction or the potential Gain?OK, I drew it and they will come. Birchchart 30/70 chance:

 

[Bquat]

Back to today's chart:

 

[Birchtree]

Me thinks March has kilt another bear. An all out bull rally is not totally out of the question. I think breadth is now leading price to the upside. The end of the outperformance in bonds likely means a move higher in equities. Market outlook: jump aboard, it's now a rocket, not a roller coaster.

 

[Bquat]

The market is too bullish to double top. The gap was filled and there is no reason to go back down. We need resistance tested as support: Market will believe, yes?

 

[JTH]

Me thinks March has kilt another bear. An all out bull rally is not totally out of the question. I think breadth is now leading price to the upside. The end of the outperformance in bonds likely means a move higher in equities. Market outlook: jump aboard, it's now a rocket, not a roller coaster.

Let's not get too excited with today's price action, today is Options Ex, we shouldn't be surprised to see some volatile swings.

 

[Bquat]

I'm mainly just wanting to stay above 1876 and the lower highs so this won't be a false breakout of the triangle. But will the market agree?

 

[BichonFreeze]

I'm mainly just wanting to stay above 1876 and the lower highs so this won't be a false breakout of the triangle. But will the market agree?

Why not 1886?

 

[RealMoneyIssues]

I'm mainly just wanting to stay above 1876 and the lower highs so this won't be a false breakout of the triangle. But will the market agree?

Hope not...

Sent from my Samsung Galaxy S4 using tapatalk...

 

[Bquat]

I'm staying in. I believe this is a bullish thrusting pattern and not an exhaustion move. This should make the weekly bullish.

 

[Bquat]

This is my last chance effort to push the bull. Even if it's just me and Birchtree:

 

[BichonFreeze]

Resistance seems to be pushing back from earlier gains.

 

[Bquat]

Resistance seems to be pushing back from earlier gains.

I didn't expect the double top to hold. I didn't lose much but my TA looks bad.:embarrest: So am I one day off from a big loss? I don't know? All in all it doesn't look that bad. I may keep plugging.

 

[JTH]

I didn't expect the double top to hold. I didn't lose much but my TA looks bad.:embarrest: So am I one day off from a big loss? I don't know? All in all it doesn't look that bad. I may keep plugging.

I wouldn't sweat it too much, at this juncture buyers probably just side-stepped the weekend. What's important is that the 1840-1884 trading range is still in place, volume today was epic, yet price moved little, the story has yet to unfold...

 

[Bquat]

Hey JTH we're twins on the tracker. We"re two ships passing and you"re going north.

 

[Bquat]

Less bias and more watch type chart: Made trading range and there still is an ascending triangle.

 

[JTH]

Hey JTH we're twins on the tracker. We"re two ships passing and you"re going north.

Well, one of us going North but all funds can go down at the same time so it will be interesting to see how this plays out

 

[Bquat]

Testing the bottom of the channel. I think I'll be ok. I will be out of pocket all this morning. Wife getting triggering finger operated on.

 

[Bquat]

Well at least the trading range held and maybe just a little loss for me: Moving averages my at as resistance now.