Bquat's Account Talk

[FogSailing]

I was expecting tomorrow to be an "up" day in the market followed by consolidation next week. It will be interesting to see how the next few days go. Thanks for sharing Bquat.

FS

 

[Bquat]

C Fund looks like it's ready to test the 100 Day:

There it is but not the good bounce off the top of the Midterm I was expecting::suspicious:

 

[Bquat]

The dump this AM caught me by surprise investing our IRA's, but that's not the first time.....but not letting a bad buy go to waste I bought into L2030 at today's prices. Thanks for posting the ladders, I bought in anticipation of an oversold bounce and big earnings season is about over. The after the bell reports from today "should" boost the market. The optimistic ladders are a good for me.

Ok, I'll test another one at 40/60::cheesy:

 

[Mcqlives]

There it is but not the good bounce off the top of the Midterm I was expecting::suspicious:

Back out to a longer time frame and let me know what you think. I'm scribbling in somewhere around the 2076-2084 as a bounce point with the poor earning. Let the weekend adjust to the earnings news and see what Monday brings...setting up for an oversold bounce imo.

 

[Bquat]

I've always liked ladders in the past but this year it's hard to keep them going. Market reacts more and it doesn't develop a strong bullish pulse interval to it.

So much for a ladder theory. At the 1% hesitation point hope we don't set a lower low.:worried: This is 3/4 of a "W" right?

 

[Bquat]

Back out to a longer time frame and let me know what you think. I'm scribbling in somewhere around the 2076-2084 as a bounce point with the poor earning. Let the weekend adjust to the earnings news and see what Monday brings...setting up for an oversold bounce imo.

Bounce at 2080 1% down or 2073 maybe? :notrust:

 

[Mcqlives]

Bounce at 2080 1% down or 2073 maybe? :notrust:

2077 might have been it...I backed out to a 6month and over-layed (extended) the lines you got on your 2 hour chart. If there is more pain to this then I and concerned that the bulls may be giving it up for the rest of the summer.

 

[Mcqlives]

C Fund:

Hi!..Just thought I would bring a reference to your July 16 chart back to the top of the posts as it looks like the bottom of your long term channel, almost, is on the money!

 

[Bquat]

Hi!..Just thought I would bring a reference to your July 16 chart back to the top of the posts as it looks like the bottom of your long term channel, almost, is on the money!

What do you mean almost::laugh:

 

[Bquat]

Bounce at 2080 1% down or 2073 maybe? :notrust:

Ok, 2068.08.

 

[Bquat]

Ok, I'll do the funds and maybe some hope speculations. These are speculative because volume is lower going up then it was going down.

 

[Bquat]

May take a while to get through these so be patient. On the C Fund I took the bottom line and mirrored it on the top for the Midterm. Even though it was even today it did a good test of the 100 Day as support:

 

[Bquat]

In the S Fund I be going with the A=B C=D pattern but if we take volume as an indicator it's only a 40/60 chance and we need a 0.50 gain tomorrow:

 

[Bquat]

I Fund I'm not too good at. Midterm or light grey:

 

[Bquat]

Now the F Fund is in a parallel pattern and I have a bull flag trying for a triple top breakout. This can be 180 degrees out from what I was just hoping for in stocks::suspicious:

 

[Bquat]

Now you must ask yourself, "Is chart patterns still relevant with the high speed computers and most trading being done outside the pits?":blink:

 

[Bquat]

SPY for volume:

 

[Bquat]

What do you think about Transports breaking the lower high line and building in a high base:

 

[pmaloney]

I think it's a great idea and I'm all for it.

 

[OBXTrader]

Thanks for taking all the time to create and post the charts. I am leaning towards heading to a double top and the charts support that. After that double top, who knows? I bought into the L2030 and other funds a few days to early, but I am not the best market timer. I was happy to see bonds moving back down and stocks bouncing back like they did. The bears must had to work today pretty hard.

What do you think about Transports breaking the lower high line and building in a high base: