Bquat's Account Talk

[Bquat]

It's almost Inverse Head and Shoulders time!

Yes that is a possibility. Will this failed triple top breakout cause enought selling to meet my 972 goal: I do hope it takes until November 3rd when I have IFTs again.

 

[Bquat]

I don't know if we'll make another attempt this week to reach the 200 dma. For me it's difficult to project the most likely scenario. As I was informed, the Fed will be meeting next Wednesday and Thursday. How did you reach the conclusion that you are planning an entry for Dec 1 or 2 (which falls on a Saturday). Aren't you giving any significant credibility to the possibility of the rally recovering on Friday (day after tomorrow) and perhaps lasting through next Tuesday or so? Tia

You got me here. I meant November :embarrest:but you must must have figured out it was November to come up with the 1st and 2nd was weekend days. I was using a projection of a symmetrical Inverse Head and Shoulders with line A equaling line B.

 

[Bquat]

Congratulations Bquat! Very good work. Now what, does anyone think that we are going drop or to rise from today, through the Fed announcement and the elections in November? All opinions will be appreciated and respected. Tia

I am 60 / 40 drop.

 

[Bquat]

I am 60 / 40 drop.

I my be the only one thinking this. Broad Market Live With Oscar

 

[Bquat]

So, this isn't breaking down like I was thinking. We are moving sideways out of the channel that has been working so well:

 

[Mcqlives]

I my be the only one thinking this. Broad Market Live With Oscar

I'm with you...but part of it may be wishful thinking since I am out.

 

[Bquat]

Here we are again right at a critical level at the deadline. Watch in as close to the deadline as you can because it could double top right here::suspicious:

 

[Bquat]

Deadline zoom:

 

[Mcqlives]

Deadline zoom:

My charts have been a little different than yours lately but we both are missing the past two days. I had 1951 as a line the other day and bailed because of the apparent resistance it presented. I also have 1965 as a "must take out" line and that is where we closed today. Monday should be interesting.

 

[Bquat]

My charts have been a little different than yours lately but we both are missing the past two days. I had 1951 as a line the other day and bailed because of the apparent resistance it presented. I also have 1965 as a "must take out" line and that is where we closed today. Monday should be interesting.

Yes but I think the only reason we got above the major resistance this afternoon was that it was announced that one nurse was released and the other is Ebola free. Can't fight the news. Markets were flat-lining before the announcement: Below the channel and the 50 Day both charts:

 

[Bquat]

Don't know where this trading range (purple) is going but I made 0.04:

 

[Bquat]

Just waiting for the market to test the 100 Day as resistance to verify a triple top failed move. Even though we're in a nice high base above the light blue line:

 

[Bquat]

Coiling up to prove me right or wrong: 60/40 Risk/Reward::worried:

 

[Mcqlives]

Yes but I think the only reason we got above the major resistance this afternoon was that it was announced that one nurse was released and the other is Ebola free. Can't fight the news. Markets were flat-lining before the announcement: Below the channel and the 50 Day both charts:

Agreed. Check out the Bloomberg report citing the S&P rising way faster than GDP. Cut and past into the url (sorry I couldn't get it to link). Anyway, Neat theory...

http://finance.yahoo.com/news/p-500-rising-five-times-141136346.html

 

[Bquat]

Need a breakout of the rising wedge which is a bearish pattern:

 

[Whipsaw]

OK, maybe not a good time to buy... unless it breaks north, of course.

 

[BichonFreeze]

Is Yellen speaking at 2:00 today? If so these gains may be for nothing.

 

[Birchtree]

My theory in a bull market is that every day is a good day to buy - I bought some FCX this morning.

 

[Bquat]

Above the 50 and 100 days waiting for the post deadline move:

 

[Bquat]

Should I be wishing I had an IFT?