Thread: Bquat's Account Talk

Originally Posted by Bquat

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.

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:

Deadline zoom:

Originally Posted by Bquat

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.

Originally Posted by Mcqlives

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:

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

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:

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

Originally Posted by Bquat

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-...141136346.html

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

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