Thread: Bquat's Account Talk

Originally Posted by Bquat

Even though I feel we're going down from 1885, I must also say there's a 30/70 chance we're coiling up to move back up to the top of the white channel: So watch the 1872 area as support.

Well we may look at 1872 earlier than I expected:

Originally Posted by Bquat

Well we may look at 1872 earlier than I expected:

1824?????

Originally Posted by Mcqlives

1824?????

What are you talking about? 1838

I like how the down move stopped with the 1% hesitation point. Not too impressed with the low volume drift up afterwards and surprised with the end of day drop: Might be back to the monthly doji.

Originally Posted by Bquat

Well we may look at 1872 earlier than I expected:

Ok I was 3 points off.

Buck up, carry on old Chap and try harder next time.

Although a down day, I felt good with the decision to move 3/4's of my retirement accounts out of the market and into cash yesterday with a profit. The 1/4 was in case I was wrong to have skin in the game.

Originally Posted by Bquat

Ok I was 3 points off.

Originally Posted by Bquat

What are you talking about? 1838

you just drew it! bottom purple line next week...

Originally Posted by Mcqlives

you just drew it! bottom purple line next week...

I really don't think it will be that drastic.

Originally Posted by Bquat

I really don't think it will be that drastic.

I don't either...just wishing for that good of a buy in point. But it would make a nice "M".

Today's move kind of surprised me. Already at the 1% hesitation point from the bounce. It may be a bull trap: Still have a 40/60 chance of going back to the top of the white channel. I do believe like last time this is too fast and will be rejected by above resistance. 60/40 chance of moving down to the bottom yellow line again: What? Oh yes I've been wrong before. That's why I use percentages. Nobody really knows but I like the odds.

That pennant looks like a minature of the NASDAQ from Tom's market comments...