Bquat's Account Talk

[nnuut]

You Da MAN! I'm lookin' at Monday and then a little drop before busting out to the upside.

 

[Bquat]

You Da MAN! I'm lookin' at Monday and then a little drop before busting out to the upside.

OK and thanks for the visit.

 

[Bquat]

Chart for Monday. The more yellow lines we cross the more things improve for us:

 

[Bquat]

I'll be out of pocket this morning. Not much movement off my buy point. Just need the market to realize this is a high base:

 

[Bquat]

Chart for Monday. The more yellow lines we cross the more things improve for us:

Crossed the first one at 1896 and broke above an ascending triangle:

 

[Bquat]

Closed near the high and the 200 Day in the S&P 500; Playing with the pulse of the S and C funds just so we can see if we're going up at the same pace. Ladder time:

 

[Bquat]

Little profit taking at the 1% hesitation point. We have taken the 200 day and the next yellow line (Blue). It should act as resistance. I like hoe the next rung is before the 20 Day so we maybe build a little before trying to take it:

 

[Bquat]

wow on this chart we have gone the oppisite way after the 1% hesitation point. You also know how Mr. Ebstein talks about the 18 Day of closes may at as resistance. We may be going more bullish and momentum should increase. Like first stage has separation on Birch's rocket may have occurred:

 

[Bquat]

180 difference after the pattern repeat:

 

[Bquat]

Here's a longer term chart for if the 200 day acts as resistance:

 

[Bquat]

I didn't expect such a quick move to test the 20 Day but I do enjoy it. No move for me today.Test it early and have the rung as support:

 

[airlift]

I didn't expect such a quick move to test the 20 Day but I do enjoy it. No move for me today.Test it early and have the rung as support:

Bquat, since you state that you won't move today, are you in C and S funds?

 

[Bquat]

Bquat, since you state that you won't move today, are you in C and S funds?

Yes buddy look at me signature line. 60S 40C 10/17/14

 

[Birchtree]

I had the pleasure of wasting 105 dividend reinvestments during the September sell off and everyone of them hurt me in October. But sometimes pain is worth the game. Now everything seems to be going back up - even my October purchases are doing something positive. We've already had our retest - now it's on to new all time highs.

 

[Bquat]

Things are proceeding as planed if not better. Glad we have a rung to build on in the S Fund before trying the 200 Day as resistance:

 

[Bquat]

Now I want you to look closely at this chart. This may be a triple whammy on resistance. My rung, the 100 Day and the 1% hesitation all three are at the same point. Plus the 50 Day and resistance are right above. Do you guys think tomorrow would be a good exit point for the month? We could just drop to a higher low but it would be my last IFT. Too bad the FED meeting is after the deadline. I wouldn't mind being out for it.:notrust: So need an early pop tomorrow or I may exit to save my gains. JTH, your thought are requested also.

 

[JTH]

Now I want you to look closely at this chart. This may be a triple whammy on resistance. My rung, the 100 Day and the 1% hesitation all three are at the same point. Plus the 50 Day and resistance are right above. Do you guys think tomorrow would be a good exit point for the month? We could just drop to a higher low but it would be my last IFT. Too bad the FED meeting is after the deadline. I wouldn't mind being out for it.:notrust: So need an early pop tomorrow or I may exit to save my gains. JTH, your thought are requested also.

Hi Bill

I'm not tracking the convergence you speak of, but if you're watching those levels, then when price hits it, the reaction will tell you what you need to know about the future. My primary concern (the thing which has kept me from entering the markets) is the lack of a clearly defined higher low from SPX & NDX 100. But at the end of the day, it doesn't matter what I think, if it doesn't make me money.

Noteworthy, the FIB levels are matching up well with both SPX and EMW.

View attachment 30761

 

[Bquat]

Thanks

 

[airlift]

Hi Bill

I'm not tracking the convergence you speak of, but if you're watching those levels, then when price hits it, the reaction will tell you what you need to know about the future. My primary concern (the thing which has kept me from entering the markets) is the lack of a clearly defined higher low from SPX & NDX 100. But at the end of the day, it doesn't matter what I think, if it doesn't make me money.

Noteworthy, the FIB levels are matching up well with both SPX and EMW.

View attachment 30761

Good morning guys! Great charts.

JTH, your chart and Bquat's are nicely correlated. Assuming that the SPX clears to the upside, above the FIB 61.8% (now at 1943.39); does technical analysis (TA) consider the 61.8% FIB level as a good and strong base of support in the SPX, in the event that the SPX turns around, if it finds too much resistance in continuing to the upside above the convergence points shown in Bquat's chart (1%, and the 50 dma (now at 1966.81)? Crossed fingers. Thanks in advance.

 

[JTH]

Good morning guys! Great charts.

JTH, your chart and Bquat's are nicely correlated. Assuming that the SPX clears to the upside, above the FIB 61.8% (now at 1943.39); does technical analysis (TA) consider the 61.8% FIB level as a good and strong base of support in the SPX, in the event that the SPX turns around, if it finds too much resistance in continuing to the upside above the convergence points shown in Bquat's chart (1%, and the 50 dma (now at 1966.81)? Crossed fingers. Thanks in advance.

Hi Airlift

I believe certain mathematical ratios are predefined within mother nature. Hence, buyers & sellers tend to subconsciously gravitate towards key levels because we are programed to think & generate ratios derived from nature.