Bquat's Account Talk

[Bquat]

we have to see some topping action right about here or we are back in overbought territory in a bad way...

Does this help?

 

[Bquat]

Up tick on selling volume EOD SPY:

 

[Bquat]

So far my case is looking weak but we'll see.

 

[BichonFreeze]

Still seems like we're on pace to make it to 18,000 in the DOW before year end.

 

[Bquat]

Little F Flag has broken and still waiting for larger F Flag to break. Last Three Peaks line acting as resistance becoming support. Looking for it to break as volume to down side increases. We'll see:

 

[Bquat]

We do have the 11 Day as support at the 1% hesitation point if the drop continues.

 

[Bquat]

Off I go to Senior Bowl.

 

[Mcqlives]

Does this help?

It did...but the action on the C fund is still a puzzle to me. I would also expect it to go down from here but it is holding the purple channel you drew.

 

[Bquat]

It did...but the action on the C fund is still a puzzle to me. I would also expect it to go down from here but it is holding the purple channel you drew.

I was a little surprised when I got home today. F Fund shot down also today. Bad fed news or did OMB QE draw US funds?

 

[Bquat]

OK, alrighty then. Who's playing with my fear index?

 

[Bquat]

I would say this is an exhaustion thrust pattern but I have been wrong lately so I won't.

 

[Bquat]

What is going on? Ira even has said volitility should lessen since the bollenger bands are tightening up but what's up?

 

[BooDog]

What is going on? Ira even has said volitility should lessen since the bollenger bands are tightening up but what's up?

Gaps. I don't like them. Looks like it filled though. Volatility tightens as the bollingers tighten, then all hell breaks loose. In one direction or the other. We can hope to be on the right side of that action when it breaks. :nuts:

Just my thought, I like the market topping scenario and I'm sticking to it. For now.

 

[Bquat]

Gaps. I don't like them. Looks like it filled though. Volatility tightens as the bollingers tighten, then all hell breaks loose. In one direction or the other. We can hope to be on the right side of that action when it breaks. :nuts:

Just my thought, I like the market topping scenario and I'm sticking to it. For now.

Thanks

 

[Bquat]

No move for me today.

 

[Bquat]

Somebody got the Batman symbol wrong. 30/70 chance Slim but possible:

 

[Bquat]

The market is mocking me. I instead of acting like a double top it's moving sideways within a price range not giving me a lower low. I have not capitulated yet.

 

[Bquat]

I'm at 0.03 for the month but still have both IFT's for and entry and a change or exit. So I guess I'm back to my too cautious self.:blink:

 

[JTH]

Bquat, I would like you to look at this chart, do you see it as going down or up? Simply put, this is a chart of the S&P 500 flipped upside down

View attachment 31229

2-Hour Chart

 

[DreamboatAnnie]

Y

The market is mocking me. I instead of acting like a double top it's moving sideways within a price range not giving me a lower low. I have not capitulated yet.

Hi Bquat,

Yes ...and BBs consolidating but I expect price to go up and down, but overall moving slightly higher because it's a strong bull. Plus we're moving closer to Holiday next week...Expect trading volume will go down soon and mom and pop's exuberance will take over next week too, to pump it up a bit.

But I don't want to move in yet because I need to execute based on my strategy. For DWCPF, the "weekly" chart has the Slow stochastic now touching the D% line ... looks like price will move downward, and on "daily" chart the MACD is crossing below its signal line ..looks like it's going negative too! What to do??? I'm not touching it yet! If it sky rockets next week I will scream!! But it may just do that!! Thanks for the great charts! Best wishes...DBAnnie