Thread: Bquat's Account Talk

Originally Posted by Bquat

Nice day but I don't know why there was an afternoon drift up:

I think I have my lines right. Now the morning drift down after a positive open:

Chart still looking good with weakness keeping us from maintaining the high. The good note is we settled on nesting on my 18 DMA:

Looking better but I'm not entering because double top is close and we're still in the bottom half of the channel. You can look at it and decide for yourself because I'm too bearish for my own self missing these short 3% gains but missing the drops also because we don't know with any accuracy when they'll happen. Are we there yet?

That and being limited to 2 IFT's makes it difficult.

Originally Posted by Bquat

Looking better but I'm not entering because double top is close and we're still in the bottom half of the channel. You can look at it and decide for yourself because I'm too bearish for my own self missing these short 3% gains but missing the drops also because we don't know with any accuracy when they'll happen. Are we there yet?

I did say 3% right:

Sorry I was away today but today's action keeps head and shoulders in play and a current double top I will check chart this afternoon

Well looking at it this is confirming my belief that the double top will prevail. We are already back in the lower half of the channel without testing the top and maybe developing a bearish "M" pattern to 1500. Bulls should hope this is a bullish pull back and we are on slight support. I am happy to watch from the sideline:

Originally Posted by Bquat

Well looking at it this is confirming my belief that the double top will prevail. We are already back in the lower half of the channel without testing the top and maybe developing a bearish "M" pattern to 1500. Bulls should hope this is a bullish pull back and we are on slight support. I am happy to watch from the sideline:

Just barely holding above support:

I am at a doctors appointment today but had a Spidey sense alert. Just a heads up for you. I will check the charts when I get home

Yeah yeah it looks like we found support, but I will draw Spidey's heads up anyway. Tested the bottom of my Midterm channel as resistance and didn't see this buy of the dip but ok:

Spidey is too bearish for my taste but I always give him the benefit of the doubt. 55/45 bearish chance: