Bquat's Account Talk

[Bquat]

Testing my Dead Cat Bounce line. I'm looking for the lower high to be set here::worried:

 

[Bquat]

I can't understand why the market isn't dropping yet. This is a lower high isn't it?

 

[Whipsaw]

I can't understand why the market isn't dropping yet. This is a lower high isn't it?

A micro-sucker's rally before the TSP noon deadline...

 

[Bquat]

A micro-sucker's rally before the TSP noon deadline...

You and me both think this so here we go: We could build a high base on the 11 day but we'll see. With Iraq I don't want to be in for the weekend.

 

[Bquat]

Still in the white channel. Does the intraday double top mean we're bearish?

 

[Bquat]

Question for the weekend. Short term bearish or longer term bullish?

 

[Bquat]

Well here's my guess. Since the intraday double top is not at the top of a rising channel I'm going with short term bearish. A pop below the river to 1926 or even the bottom of the yellow channel. Any agreement? I was 55/45 bullish for Monday and now I'm 45/55 bearish: Now how's that for decisiveness?

 

[Bquat]

Now I'm wondering if the bear flag will work. We're at the decision point:

 

[Bquat]

Nice and quiet on the site. Here we go maybe the drop is coming:

 

[Bquat]

5 day acting like a point guard blocking every winning shot we try and the 11 day is acting like the defence is in a half court press. Little basketball humor. Are we coiling for a bigger move tomorrow?:worried:

 

[Bquat]

Redraw for tomorrow:

 

[Mcqlives]

Nice and quiet on the site. Here we go maybe the drop is coming:

I stayed out (since I was on vacation for over 2 weeks) thinking there would be a drop...I'm back at work now but still waiting.

 

[Bquat]

I stayed out (since I was on vacation for over 2 weeks) thinking there would be a drop...I'm back at work now but still waiting.

Well here's a current chart: I'm surprised that I have three channels following my moving averages. I've been out also. I do have bigger charts now:

 

[OBXTrader]

What happened did we run out of momentum "dip buyers" this AM? Nice chart, good job.......so far

 

[Bquat]

What happened did we run out of momentum "dip buyers" this AM? Nice chart, good job.......so far

Don't you think increased peak sellers? We're coiling for a bigger move:

 

[Bquat]

Was this morning buy on bad housing news betting on the Fed helping. I'm a flippidy igit for whipsaw Wednessday. 50/50 coin toss buy the rumor or sell the news. Some prempting tomorrows Fed announcement. Does anybody have a two sided coin. Guesses?:blink:

 

[airlift]

Was this morning buy on bad housing news betting on the Fed helping. I'm a flippidy igit for whipsaw Wednessday. 50/50 coin toss buy the rumor or sell the news. Some prempting tomorrows Fed announcement. Does anybody have a two sided coin. Guesses?:blink:

Bquat,

I don't have a two sided coin, but you post excellent charts. Thanks. It appears that there is a bear flag in today's SPX chart. CNBC visitors do not expect the Fed to do any wild maneuvers or to give us a big surprise this time around. If I have to make a guess today, I would think that the downturn is not finished yet, but I would like to hear other opinions. Tia.

 

[Bquat]

Bquat,

I don't have a two sided coin, but you post excellent charts. Thanks. It appears that there is a bear flag in today's SPX chart. CNBC visitors do not expect the Fed to do any wild maneuvers or to give us a big surprise this time around. If I have to make a guess today, I would think that the downturn is not finished yet, but I would like to hear other opinions. Tia.

No other opinion. Oscarism "Don't move on Fed day."

 

[Bquat]

Shoring up some short term lines for post deadline move of market:

 

[Bquat]

About a year ago I went from 30 min charts to 1 hr charts to decrease my swings in thinking what the market will do. I am now considering going to 2 hr charts as to slow down my swings a little more. This may help with the two trades a month decision. Comments or concerns: I would also adjust my moving average scales.