Thread: Bquat's Account Talk

BQ...embed where? Above the 50 dma??

Originally Posted by shitepoke

BQ...embed where? Above the 50 dma??

Stochastics over 80!

Ok I make chart, yes? First of all glad Whipsaw is back to the forum for a whipsaw Wednesday. I redrew the longer term from the right side from the sell off. (Dec 24 start upwards)
I drew the midterm to show sideways consolidation after getting 4/5 buy back from the dip. Notice my 50 day coming up to my 200 day and may be a golden cross. Embedded is when you are over the 80 in stochastic for 3 days. It is considered being bullish and not overbought . I say my 50 and my 200 because I am using the free version of freestockscharts.com and don't know if it's exactly the same. Note that the 200 day is the only time frame descending while the 8, 18, 50, and 100 days are rising. These are just my thoughts for midterm and I can't guess the news. Friday chart:

Nice chart! I like how any gaps look to be filled and we are looking at your 50 taking a swing at the 200. The embedded scenario is playing out nicely as well. But this could still, arguably, be a reverse head and shoulder (right shoulder topped out, or close to it) pattern where the 50 bounces off the 200 and we head down for a bit. That said, I am hopeful we get a nice cross with much more upside. Even if the reverse head and shoulder pans out then the triple low is right about the bottom of your box before we should head up for nice gains. Coincidentally(?) market movement like this could line up closely with the 2840ish gap on the SnP. As always, caution is warranted, but too much caution means you don't make the big $$$$$$$$

Man o' man...I just spent most of the morning going through sites and reviewing charts. I ended up with...nothing of wisdom at all! Even the ^DJT isn't giving me guidance. This is definitely a throw the dice kind of day/week. Good luck all!

Did the chart for Friday thinking yesterday was Thursday. So not much movement today so chart can be used for tomorrow. hee hee

Did somebody say Whipsaw?! Thanks Bquat, superlative chart, your efforts and insights are greatly appreciated by many. I need to check out this charting software you're using...

Dang thats a sweet chart...much appreciated...So Bquat and Coolhand are bullish...I like it
EJJ

Ok try again. Friday chart:

LOL...Time for a redraw! And this time it is all for good reasons!!!!!!!

Originally Posted by Mcqlives

LOL...Time for a redraw! And this time it is all for good reasons!!!!!!!

I may have spoke too soon...back into the box and the golden cross may be getting negated. This sucks, 45 minutes till cut-off and this much uncertainty! I wish we could set buy/sell point!