Thread: Bquat's Account Talk

Originally Posted by FAB1

If you want to throw something else in the Mix: SPX daily slow stochastic is rolling over.

OTOH the MACD still appears good for the short term.

I was thinking about examining the entrails of a Goat...

And I thought you were a tea leaf reader.

Originally Posted by Bquat

I am considering going back to 4 Hour charts to get more of a sense of afternoon trading in the markets. On the daily I can see the candle being red or green but can't see EOD movement. Here a point in AGG. Big green candle in the daily just because your 0.05 green:

Markets work in 6.5 hour increments. I'd be curious to see how well you play with the 30-minute time-frame, it seems to match up well with your perspective and is a great compromise with the long vs. short-term view.

So what do our funds look like in 4 Hour charts:

So is the VIX on 100 Day support or is this a Head and Shoulders? VIX-CBOE:

Is USO at resistance or inverse head and shoulders:

I have let SGT go on the way side because it only worked because we were in a downtrend. Peaks were being sold on a regular basis at the 80 stochastic because peaks were being sold following the channel down. As soon as we started to consolidate the levels didn"t follow. So luckily I had only given one signal.

Ok looking for VIX and oil comments.

Fab: An analyst I know says that only works during the full moon but just about any time at a Mayan temple or Stonehenge.

FS

Originally Posted by FogSailing

Fab: An analyst I know says that only works during the full moon but just about any time at a Mayan temple or Stonehenge.

FS

Here's my totally guessy guess for the day.

That lower gap is going to get filled BEFORE we see next high water mark (approaching the 200day ma)

Its a longer, more drawn out process than the Oct rally

Of course with my current trade that scenario is best for FAB1 so...take it w/ a grain o' salt.

Originally Posted by Bquat

JTH-Bquat

Do you think the market will breakthrough the top, or re-test the bottom?

Wow, I normally save that question to you. Being above a rising 8 and 18 day there's a 60% chance of breaking out of the top.

I was right but I can't guaranty for how long:

Originally Posted by Bquat

I was right but I can't guaranty for how long:

Hi Bquat! I hope you and yours have a great weekend! I haven't been posting much the past couple of months...mostly because you, JTH, Amoeba, FWM and the lovely ladies of the forum (Just to reference a few of my "must reads") always seem to say the same things I am thinking.

My reason for posting to your thread today, O' grandestchartmasterofthemostesteemedtsptalkworld, is what I am fearing is happening in the transports. You don't have to post your thoughts, but, next time you are charting, could you throw out a fresh one for the trans?

Thanks man!!!!