Bquat's Account Talk

[Bquat]

Has the DOW found support:

 

[Bquat]

So there you go. What do you think?

 

[Bquat]

Well my Pulse of the Market looks like crap right now. I'll probably find out why when I watch post market videos but will do some charts before finding out. So after lining up the white channel top and bottom, has support became resistance:

What if I use the longterm midline and bottom? Pushing the dream::cheesy:

 

[Mcqlives]

What if I use the longterm midline and bottom? Pushing the dream::cheesy:

I'm pushing with you!!!!!
:beerchug: uke:

 

[Mcqlives]

Things sure are quiet on the board lately. I just had a few minutes to spare and was floating around on here and thought I would move your thread up to the top...for a minute anyway!
For market talk...I have still have my lines drawn at 2138(ish), 2123, 2104 and 2077 on the SnP. These are my flag points and, as long as we are bouncing around like we have been I'll let it ride. Enjoy your nice weather!

Now we are down against my 2077. Tomorrow is make or break for me!

 

[Bquat]

Now we are down against my 2077. Tomorrow is make or break for me!

Yes we broke the higher low line of the orange channel.:worried: I do see support at 2075.

 

[FogSailing]

I haven't checked the news today to see what the media spin is but I'm thinking tomorrow will likely see a cat bounce.

I'm waffling now since I'm still on the sidelines...jump back into S for 2 weeks and try to get my 1% for June or just take the G Fund until the Greece issue resolves.

In 2008, in the wake of the meltdown I expected the US Congress to do the right thing. They didn't and we all paid. When they finally decided to take appropriate action it was "too too" late. I don't have a lot of faith in big institutions anymore. If I go in, probably no more than 40%. I'm not in favor of putting all my eggs in one basket, especially in this turmoil. China will need to show definitive actions to get their economy moving forward if they want greater than 7% growth (which is great when you look at us, but not enough in the larger economic scheme apparently). The situation in Europe still is uncertain and we have a huge debt bubble hanging out there. If I go in, it will be a quick "dip".

Thanks for all your charts Bquat. I read them faithfully.

FS

 

[Mcqlives]

Yes we broke the higher low line of the orange channel.:worried: I do see support at 2075.

So we dipped below both our lines but not enough to trigger a breakdown. Now we have bounced back up
to my 2104ish line. What are the odds we go up from here or this is verified as a DCB? I'm hedging at 55/45 the bulls continue. Narrow margins for those point spread betters!

 

[Bquat]

So we dipped below both our lines but not enough to trigger a breakdown. Now we have bounced back up
to my 2104ish line. What are the odds we go up from here or this is verified as a DCB? I'm hedging at 55/45 the bulls continue. Narrow margins for those point spread betters!

DCB was the 2090 and since we're above the 50 Day 2102 we're more like 60/40 bulls continue 2120ish.:suspicious:

 

[Bquat]

DCB was the 2090 and since we're above the 50 Day 2102 we're more like 60/40 bulls continue 2120ish.:suspicious:

Ok visual follows and we did break the lower highs line:

 

[Bquat]

With the S Fund I'll go with the DDDG Pattern:

 

[Bquat]

Has the F Fund met the drop predicted by the Inverted Cup & Handle: Also did it break an Inverted F Flag ( Oscarism ) which is bearish until it breaks? Does it go up from here:

 

[Bquat]

I don't know if I got the I Fund right:

 

[Bquat]

More:

 

[Bquat]

There you go. They're there for your interpretation: Comments welcomed.

 

[Whipsaw]

There you go. They're there for your interpretation: Comments welcomed.

Halfway up the channel, coiling for the next move up.

 

[FogSailing]

Hi Whipsaw. That's the alternative I'd also like to see tomorrow.:laugh:

FS

 

[BooDog]

Halfway up the channel, coiling for the next move up.

Looking at the DJIA chart and comparing to last August' set up it looks like the market could see quite a pinch. Seeing some mixed views but imo we should see confirmation today. Relying on a Friday in June for confirmation? I hesitate to wash today and set my sights more on Monday. Yesterdays futures during premarket actually consolidated Wednesday's push very well. And during the day bulls had it but bears made a showing for sure. Need that confirmation more for that reason. Back over the 50dma helps but we really need the 20dma. My charts look almost 50/50, optimism has me thinking the bulls win even if today is mostly flat. Momentum in either direction would be my confirmation of bulls over bears or visa versa. Love to see a repeat of the recovery in August. Best of luck to all and have a great weekend!

Bquat ~ as always thank you for posting your charts!! Every view helps bring some sense to my thinking!

 

[Bquat]

Out of pocket this morning. Future's killing my chance of a DDDG pattern.

 

[BooDog]

Looking at the DJIA chart and comparing to last August' set up it looks like the market could see quite a pinch. Seeing some mixed views but imo we should see confirmation today. Relying on a Friday in June for confirmation? I hesitate to wash today and set my sights more on Monday. Yesterdays futures during premarket actually consolidated Wednesday's push very well. And during the day bulls had it but bears made a showing for sure. Need that confirmation more for that reason. Back over the 50dma helps but we really need the 20dma. My charts look almost 50/50, optimism has me thinking the bulls win even if today is mostly flat. Momentum in either direction would be my confirmation of bulls over bears or visa versa. Love to see a repeat of the recovery in August. Best of luck to all and have a great weekend!

Bquat ~ as always thank you for posting your charts!! Every view helps bring some sense to my thinking!

See where optimism got me today. Fill those gaps! Till Monday, have a great weekend!!