Thread: Bquat's Account Talk

Even though I personally want a drop. We developed into a F flag which is? Bullish until it breaks down. Still hoping this is a failure to make a higher high. You guys?

Originally Posted by Bquat

.....Still hoping this is a failure to make a higher high. You guys?

Think we move through the May highs with ease.

Originally Posted by ATCJeff

Think we move through the May highs with ease.

I don't know? With are economy being rated as stable, it can't be good for QE infinity. We did not pop with the news, so what does that mean?

Originally Posted by Mcqlives

You are sticking with 1623 then? I think 1636 may actually be the hold line for now...

(Just trying to help you out...last time I said something like this the markets went down the next day!)

You are welcome! I assume your target got hit and you are going in this morning?

Originally Posted by Mcqlives

You are welcome! I assume your target got hit and you are going in this morning?

Out of pocket, driving back home. Have to confirm not DCB first. Hopefully by reststop at right time. On the move.

If it is a DCB then it was a little one (at least so far this morning). Now you have me looking at everything again!

I don't see a DCB. I think this plays into your charting very nicely. Good luck getting to a good stop in time!

Originally Posted by Mcqlives

I don't see a DCB. I think this plays into your charting very nicely. Good luck getting to a good stop in time!

Dip did get bought right after the gap fill, but bounced only to 1% decision point and failed. Now it looks like it formed a descending triangle with 1640 acting as resistance. Your 1636 didn't even act as support on the way down or as support for a high base after the dip. I may be wrong but I think when it doesn't bounce back 1.30% it's like a DCB. So what now? 1623 holds, 50 day at 1606ish or double bottom at 1601. I show my guess but tomorrow is another day. We're still above 1623 and I have the whole morning to decide. 1584 is within or purview and the fear of 1540 is not out of range. Remember bear begets more bear. better to have heads up on the risk.

Well, according to futures this was not a descending triangle. Too short of time frame. I guess on the bottom the double bottom prevails. Well if this is a head test and we passed it, I should enter today. Break 1540 and I'm getting in. I still don't think I would not of entered yesterday with the weakness after the pattern because it never got back up to1648. I guess I still second guess myself too much. I still believe missing gain is better than risking loss. The weekly is still weak to bearish. And so we watch for the 1% decision, that's if it happens pre-deadline.

Cleaner chart to watch the action:

I'm not seeing the strength needed for the IHS.