Thread: Bquat's Account Talk

I have to leave, so I leave you with this chart. Thia may be the new channel for tomorrow.

Yea, I admit it. I got too bullish. Still less than 1% loss. Well we're back in the channel hoping this level will hold. May exit on DCB. I don't know? Here's the chart. I have to look at what happened tonight in the videos. Maybe this correction can be a possitive thing. We were over bought.

I saw 1413 as a major resistance in the weekly on Des's video and in Christian's video he mentioned watch for confirmation on the move down. So 1413 is the place I'm watching. So if we don't go lower tomorrow, we can bounce back. With the buy at the end of the day I think it's possible. So let's keep an eye out. I didn't see any major selling and why did someone buy at the end of day. The price got towhere they considered it worth buying.

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I must let you know futures disagree with me but I got hi hopes.
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Originally Posted by Bquat

I saw 1413 as a major resistance in the weekly on Des's video and in Christian's video he mentioned watch for confirmation on the move down. So 1413 is the place I'm watching. So if we don't go lower tomorrow, we can bounce back. With the buy at the end of the day I think it's possible. So let's keep an eye out. I didn't see any major selling and why did someone buy at the end of day. The price got towhere they considered it worth buying.

Interestingly enough, that move up kept a little 2-week channel intact that's been that drift up on low volume we've had the last 13 or so trading days. Careful though, if the wedge is broken to the downside I think we could see 13,100 tested pretty soon after that. Nothing that screams sell signal to me yet, but it has me looking closely.

8-21 SPY BO Watch.png

Originally Posted by sniper

Interestingly enough, that move up kept a little 2-week channel intact that's been that drift up on low volume we've had the last 13 or so trading days. Careful though, if the wedge is broken to the downside I think we could see 13,100 tested pretty soon after that. Nothing that screams sell signal to me yet, but it has me looking closely.

8-21 SPY BO Watch.png

Nice chart thanks. Some one was mentioning a cup and handle in another thread. What do you think of that? This dip can be the little dip at the end of a cup and handle. Shouldn't the bottom of the cup be more defined? Here's how I charted the posability. I know the timeframe is good.

Here's the pattern:

Now I got the cup and handle thingy stuck in my head and the bottom of the channel holding so far. Can this be the end of the dip and the complection of a cup an handle. Inquiring minds want to know. Chart guys check in please.

If we can recapture the 5 day, this could be a bottoming tail.

That bottoming tail looks very interesting to me but every time I open my mouth I end up eating some PF Flyer. But I believe the FOMC minutes may perk things up - QE3 remains on the table.

Originally Posted by Birchtree

That bottoming tail looks very interesting to me but every time I open my mouth I end up eating some PF Flyer. But I believe the FOMC minutes may perk things up - QE3 remains on the table.

Until you get your dream of QE3, the market will not bull to the top of the top... once it is announced, the shorts are going to cry out in pain, but not until then