Thread: Bquat's Account Talk

Sorry guys I was out of pocket this morning. Went to see my nail specialist (pedicure). My ingrown toe nail hasn't bothered me for a while now. Well you guys may be thinking here we go again another ascending triangle. I'm thinking not because it's tails and not candle tops coming up to the top line. So I think down but I haven't been any good lately.

Power is at the cusp of its next boom cycle. When power markets tighten, prices do not notch up, they sky rocket. Get your ticket soon.

Originally Posted by Mcqlives

...in the I tomorrow ......me getting in is just about sure to make the markets tank!

Told myself!

Been working on my excessive charting. So chart for this morning. Little bull flag:

Originally Posted by Bquat

Been working on my excessive charting. So chart for this morning. Little bull flag:

I like it! I have been talking negative to play devils advocate with myself (it seems to make the market go up) so I hesitate to say anything too positive. Your chart matches my out lines that I drew last night (1632ish and 1603ish) but I am hopeful that the floor is now 1650.

Weekend charts:

Originally Posted by Bquat

Weekend charts:

Very nice charting! You think a major triangle coming up mid week?

Originally Posted by Mcqlives

Very nice charting! You think a major triangle coming up mid week?

No, I don't. What was different for today? Even though we made a new high and it looked like we were creating a bull flag, instead of going back up with the bull flag we created a low base. And why is this so surprising? Even being a little down in the futures, we had little trouble breaking this level and all of a sudden traders decide they don't want to buy at a higher price below the peak. 180 from price is the key. We are still in the upper half in the channel and I drew a possible (light grey) support channel line.Well just mentioning it even though I have capitulated on trying to call things. You guys look and think about it and make an independent decision. By the way, I drew the new lines without and post market video review to try to be unbiased.

Originally Posted by Bquat

No, I don't. What was different for today? Even though we made a new high and it looked like we were creating a bull flag, instead of going back up with the bull flag we created a low base. And why is this so surprising? Even being a little down in the futures, we had little trouble breaking this level and all of a sudden traders decide they don't want to buy at a higher price below the peak. 180 from price is the key. We are still in the upper half in the channel and I drew a possible (light grey) support channel line.Well just mentioning it even though I have capitulated on trying to call things. You guys look and think about it and make an independent decision. By the way, I drew the new lines without and post market video review to try to be unbiased.

I see what you mean. I may be hallucinating but i do see a short term triangle forming around 1674-1675. todays action may hint that we will have a break down if that triangle does form.

Originally Posted by Mcqlives

Very nice charting! You think a major triangle coming up mid week?

This the triangle you talking about. Another double top that may be bullish. Go figure? This is about the fifth one not causing a sell off. It is just above the support channel line I drew. I don't trust this but gave up and not trusting my calls. Well you guys call it. I'm still sidelining with trust issues. But I still provide a chart. Support lines are good until proven wrong.

Morning chart: