Thread: Bquat's Account Talk

I suspect that the VIX at 11.86 -0.28 is telling me that a strong rally is only moments away. The trend continues to rally on.

Originally Posted by Bquat

OK longer term: 1839 is being looked at as short term support but it hasn't really held as support. 1833 as midline and midterm support. If 1833 breaks look out. Even though we closed higher, I fear the triple top. 1845 needed for breakout.

Missed you this morning! Your Friday charts seem to be holding true today though.

Originally Posted by Mcqlives

Missed you this morning! Your Friday charts seem to be holding true today though.

Yeah still watching 1845. I remember before when we got the trading programs got in a holding pattern. Nobody want to commit this year yet. If this were at he peak I would worry, but it' not so I worry about that. I haven't a good clue, so I wait testing the water with one foot.

Look at that. No hesitation on the 11 or 5 day. Something may be happening. After the deadline of course.

I can make a channel with where we closed but can't trust it.

Originally Posted by Bquat

I can make a channel with where we closed but can't trust it.

I'm looking at a bounce (including futures trading) at around 1811ish. Maybe tonight or tomorrow. I think I may go into S and I in the morning for Wednesday. Have to wait and see how things play at open.

Originally Posted by Mcqlives

I'm looking at a bounce (including futures trading) at around 1811ish. Maybe tonight or tomorrow. I think I may go into S and I in the morning for Wednesday. Have to wait and see how things play at open.

I have a projection off the triangle of 1809. Myself will wait for confirmation of a bounce. We are dealing with the breakdown of longer term support. I would prefer a touch of the 50 day 1800ish or the bottom of the longer term yellow channel at 1804.There is a long term higher low line (blue-green).

Originally Posted by Bquat

I have a projection off the triangle of 1809. Myself will wait for confirmation of a bounce. We are dealing with the breakdown of longer term support. I would prefer a touch of the 50 day 1800ish or the bottom of the longer term yellow channel at 1804.There is a long term higher low line (blue-green).

No entry for me today...hitting the pivot point but not breaking it. Better safe than sorry for now....

At the 1% decision point and it backs off. No change for me today.

Originally Posted by Mcqlives

No entry for me today...hitting the pivot point but not breaking it. Better safe than sorry for now....

Got this before me. Saw this after I made chart and posted. We agree.

Originally Posted by Bquat

Got this before me. Saw this after I made chart and posted. We agree.

and we move after the cutoff...no confirmation yet but this may go somewhere high...1870's?