Bquat's Account Talk

[Bquat]

Sorry forgot volume:

 

[Mcqlives]

Another thing I'm watching tomorrow to see if there was an over reaction to FED's announcement: Lot of buy volume today.

that DCB line is the tell for the morning. Keeping fingers crossed!

 

[Birchtree]

Stock trading was heavy, with total volume of 9.37 billion shares changing hands. That made for the third most active day of the year. Perception sets asset prices.

 

[Bquat]

Well in the SPDR's we're in an ascending triangle but this is the third test of JTH's 202.5 area. Did Auntie Yellen give us the pop Oscar was calling for? Tomorrow will tell if this was just overreaction:

Well the ascending triangle was right and we gaped up to it's projection so I did a JTH measured move thingy if the 20 Day holds:

 

[Bquat]

Testing the 20 day as I type. Have my up channel drawn waiting for a higher low. Doesn't it look like volume is drying up for this up move? The test line has been broken so thinking about entering but the gap has me thinking Bear Flag ( Bull Trap )::suspicious:.

 

[Bquat]

Remember when I was playing with the 13 Day as an indicator for Bull or Bear. Well I be watching it too. It may cause you to miss the initial move but once it holds there is more than a 50% chance the up trend holds: This is just me trying to appease Spidey with my 2 cents:

 

[Bquat]

I could be wrong about the Bull Trap. Hope I am because nobody's listening to me. So hold 13 day. TSP Talk AutoTracker :suspicious:

 

[Birchtree]

Unsurprisingly, most investors remain underinvested in equities - the bus travels faster with fewer on board.

 

[Bquat]

No move for me:

 

[JTH]

No move for me:

Tough to crack into a 2-day rally.

 

[Bquat]

Is this a glitch?

 

[JTH]

Is this a glitch?

Nope

 

[Bquat]

Nope

So does that mean it reached the projected annual high and sold off?

 

[JTH]

So does that mean it reached the projected annual high and sold off?

Don't know, it probably means someone fat-fingered an order, or it is a glitch and won't get corrected until tomorrow. Whatever it was, it happened in the last minute of the session.

View attachment 31670

 

[Intrepid_Timer]

I believe it is a stockcharts.com glitch. It's happened before. The actual S&P 500 index chart doesn't show it and Yahoo doesn't show it for SPY either. Interestingly, I think the last time this occurred, or at least that I noticed, was for TNX and it was a huge spike down that never happened. However, yields did drop down to that level days later if I remember correctly. Maybe someone's trying to tell us something.........

 

[Mcqlives]

Remember when I was playing with the 13 Day as an indicator for Bull or Bear. Well I be watching it too. It may cause you to miss the initial move but once it holds there is more than a 50% chance the up trend holds: This is just me trying to appease Spidey with my 2 cents:

OK...I was hoping for a little give back and then a build into the santa claus rally. This trend up has me worried about double topping and any santa rally falling short. What's spidey saying into the holiday week?

 

[Bquat]

OK...I was hoping for a little give back and then a build into the santa claus rally. This trend up has me worried about double topping and any santa rally falling short. What's spidey saying into the holiday week?

Well buddy I decided to take a break from charting because it hasn't been helping me in the long run. Today did look like consolidation at price. That glitch kind of masked the last top.
[TABLE="width: 90%"]
[TR="bgcolor: #CCCCCC"]
[TD="class: text, width: 4%, align: center"]921[/TD]
[TD="class: text-link, width: 13%, align: left"]Bquat[/TD]
[TD="class: text, width: 6%, align: right"]-4.11%[/TD]
[TD="class: text, width: 6%, align: right"]0.01%[/TD]
[TD="class: text, width: 6%, align: right"]-0.99%
[/TD]
[/TR]
[/TABLE]
This shows I'm not reading my own charts good either. So I'll be trying something new.:embarrest:

 

[airlift]

Well buddy I decided to take a break from charting because it hasn't been helping me in the long run. Today did look like consolidation at price. That glitch kind of masked the last top.
[TABLE="width: 90%"]
[TR="bgcolor: #CCCCCC"]
[TD="class: text, width: 4%, align: center"]921[/TD]
[TD="class: text-link, width: 13%, align: left"]Bquat[/TD]
[TD="class: text, width: 6%, align: right"]-4.11%[/TD]
[TD="class: text, width: 6%, align: right"]0.01%[/TD]
[TD="class: text, width: 6%, align: right"]-0.99%[/TD]
[/TR]
[/TABLE]
This shows I'm not reading my own charts good either. So I'll be trying something new.:embarrest:

Bquat,

Don't feel that you have failed. This is an extraordinary anomaly. TA works, even though it is not a perfect tool. It seems that technical analysis has been trumped by the massive liquidity associated with extraordinary events, Fed pumping, and liquidity added due to investments from foreign sources trying to find a better investment atmosphere we enjoy in the U.S. Your usefulness stands! Thanks.

 

[pmaloney]

Your charts are excellent! They have been a big help to me and I will miss them. Thank you!!!!!!!!

Maybe you should taper like the FED . You know you will anyway, Just think less conservative in an investing and look at Macro issues too like the FED.

Thanks again.

Pat

 

[Bquat]

Your charts are excellent! They have been a big help to me and I will miss them. Thank you!!!!!!!!

Maybe you should taper like the FED . You know you will anyway, Just think less conservative in an investing and look at Macro issues too like the FED.

Thanks again.

Pat

I may just do a longer term chart once a week on Fridays. Less day to day biased and more of just a generic chart of the midterm and long term channels. No 5 Day and IRA's 18 Day. Maybe like this: