Thread: Bquat's Account Talk

Originally Posted by Bquat

No, it already tested and if we drop 1.2% it can go to 2.5% drop quickly as shorts buy under 1213.50.

Here we go.

Oh, your channel was the 1213 mark...I am looking (longer trend) at 1202ish.

Originally Posted by Mcqlives

Oh, your channel was the 1213 mark...I am looking (longer trend) at 1202ish.

Don't you see my little red circle to the right?

Somebody is trying to support this level. We already broke support but may Birch is buying.

Originally Posted by Bquat

Don't you see my little red circle to the right?

Somebody is trying to support this level. We already broke support but may Birch is buying.

Oh here's a chart.

Now grasshopper sees...and what is with the "maybe"? Birch is always buying!

Originally Posted by Mcqlives

Now grasshopper sees...and what is with the "maybe"? Birch is always buying!

I guess I was wrong with 1214 level. I guess 1210 was the support line. My bad

Think this selloff is way overdone, I'm looking for a reversal here in the last half hour and a rally into next week. It looks like it's a manufactured selloff, at least in the equities and commodities, I still think there's a lot of pressure on the hedgies and the desk traders to close the year in the black for their clients. There are big bonuses on the line, I'm all in as of COB today.

The 20MA is below the 50MA which is below the 200MA and price is below all 3MAs, not good...

Originally Posted by cak165

Think this selloff is way overdone, I'm looking for a reversal here in the last half hour and a rally into next week. It looks like it's a manufactured selloff, at least in the equities and commodities, I still think there's a lot of pressure on the hedgies and the desk traders to close the year in the black for their clients. There are big bonuses on the line, I'm all in as of COB today.

The 20 crossed the 50 yesterday and the last time that happened was on Aug 5th... I am going to have to seriously rethink my positions based on the action tomorrow...

Originally Posted by JTH

The 20MA is below the 50MA which is below the 200MA and price is below all 3MAs, not good...

I'm looking for another down day. We set an even lower low and lower high and dropped out of the channel. Looking for 1204ish to hold but nervous that the market may go ahead and gap fill the next gap.

We can bounce at 1204 and satisfy the inverse H&S. With the dollar maybe topping this may happen. With there not being a bounce today, I don't think a bounce tomorrow either. We shall see.

In my Capital Preservation mode, I have to see good confirmation to the up side and it's not to far to where the top of the channel is resistance.

How do you like using freestockcharts?