Thread: Bquat's Account Talk

Originally Posted by Bquat

Changing the most important clock right now. Damn daylight savings time.

Don't kick yourself too hard, Even if you knew the clock was off you still would have been too late.... You'll live to fight another day!

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Well at least I am missing some loss.

Confirming that we are un-embedded. Found some support on the 8 Day. I be watching the rising 50 day or blue line below it for a possible re-entry but 60/40 chance of Higher Low line could be reached if Fed says something the market doesn't like:

Well I guess the Fed news reversed anything I was thinking.

Well the Fed news was enough to re-embed us but not enough to get us back into the flag. The bottom of the flag seemed to be resistance. I can't fight the Fed so I am news neutral and slightly bearish for tomorrow:

We are slightly un-embedded again. So since the flag was completed and the Fed news stalled my expected drop, I'm still thinking the market is news neutral. Me I'm slightly bearish because I'm out. I made a temporary Midterm sideways consolidation until direction is determined:

Originally Posted by Bquat

Confirming that we are un-embedded. Found some support on the 8 Day. I be watching the rising 50 day or blue line below it for a possible re-entry but 60/40 chance of Higher Low line could be reached if Fed says something the market doesn't like:

So much for my Midterm sideways consolidation box. Direction was determined. I was thinking re=entry just below this level but this big a drop a day after the good Fed news has me concerned that this could be a right shoulder. Just my opinion. By the way this was a good test of the 50 Day. Anyway being out there is no rush to enter:

Head and shoulders would be a continuation pattern... isn't it?

Originally Posted by Whipsaw

Head and shoulders would be a continuation pattern... isn't it?

Topping pattern moving from a bullish to bearish trend change.

Testing a light support/resistance line:

Looks like the S-train blew through your resistance line and is already at, or past, your exit... =:-o