Thread: Bquat's Account Talk

Originally Posted by Bquat

It's just one time frame up. I like at least the 50 day shows in this timeframe. I am thinking of going to just a weekly chart.

Going longer could really limit your in/out lines as volatility increases.
I expect to see more 100+ dow days this fall.

Originally Posted by Mcqlives

Going longer could really limit your in/out lines as volatility increases.
I expect to see more 100+ dow days this fall.

Hmm, my in and out lines haven't worked for me either. I may even go more simple in the charts.

Originally Posted by Bquat

Hmm, my in and out lines haven't worked for me either. I may even go more simple in the charts.

My line was broke for the 2nd time...lets see if we get a buy in opportunity off of this move.

The buy in may have been at 10:30AM. What if the market dully moves up and down all summer, but the trend is up? I bought in at last week's low and still ahead in TSP as of yesterday.

Originally Posted by Mcqlives

My line was broke for the 2nd time...lets see if we get a buy in opportunity off of this move.

Sticking with the new switch line. I hope we re-enter the channel.

Sticking with this chart. Still think the longer time frame may be better. Added some support / resistance lines to maybe show short term outlook. I think if I view the entire 50 day it may keep a better eye on the Forrest.

Originally Posted by Bquat

Sticking with this chart. Still think the longer time frame may be better. Added some support / resistance lines to maybe show short term outlook. I think if I view the entire 50 day it may keep a better eye on the Forrest.

My latest line dropped a little today. For the past few weeks and up till yesterday I had 1687 as the point drawn numerous times. Today I am drawing it around 1684. May be nothing but my charting is kind of similar to what we saw the last week of July where we ended up with a small break to the upside. Let's see if we get a break off of this one in a similar time frame (probably happen Friday or Monday if we do) and which direction we get.

Originally Posted by Mcqlives

My latest line dropped a little today. For the past few weeks and up till yesterday I had 1687 as the point drawn numerous times. Today I am drawing it around 1684. May be nothing but my charting is kind of similar to what we saw the last week of July where we ended up with a small break to the upside. Let's see if we get a break off of this one in a similar time frame (probably happen Friday or Monday if we do) and which direction we get.

I think 1684 is a good number. Even though we're below the switch line, I still have faith in it. There is no indication that the market wants to drop so waiting for pop.

Originally Posted by Bquat

I think 1684 is a good number. Even though we're below the switch line, I still have faith in it. There is no indication that the market wants to drop so waiting for pop.

Markets may pop...but after markets closed I did a redraw and am sticking with 1684 for my line, but have my triangle point at 1682. Same charts as you are now making...I'm just a couple of points lower because of me overlapping 5 and 20 day trends.

Good luck with trying to work your 50day. I use it as a secular indicator but couldn't ever get it to overlay with my 5 and 20 day trend lines in a way that made any sense.

Originally Posted by Mcqlives

Markets may pop...but after markets closed I did a redraw and am sticking with 1684 for my line, but have my triangle point at 1682. Same charts as you are now making...I'm just a couple of points lower because of me overlapping 5 and 20 day trends.

Good luck with trying to work your 50day. I use it as a secular indicator but couldn't ever get it to overlay with my 5 and 20 day trend lines in a way that made any sense.

My triangle mid-term. I'm not working the 50 day, just using it for width of chart to keep me from zooming. Went with green light on the triangle.

Morning. What concerns me is what Tom mentioned this morning...the transports. Transports are hitting the 50 and have been front running pretty solidly in the last couple of months. I feel the market "wants" to go up so I'm keeping my eye open for signs that things are turning but I'm staying bearish at the moment. If transports start turning around I'll look to get a toe in the water.

Edit: I ignored the bullish turnaround they made in July and have paid dearly for it..not planning to do that again.