Bquat's Account Talk

[Bquat]

Looks like its back below the spot where I freaked over the Ruskies and bailed.

So you're right back where you had your exit.

 

[Bquat]

Oh well, taking a chance with my sticky pants. Is 4% enough::blink:

 

[Bquat]

5% at 1007 bottom of long term channel.

 

[airlift]

Are there any reasonable expectations of a rally from here?

 

[Bquat]

Are there any reasonable expectations of a rally from here?

The market loves a 5% correction and sometimes even a 10% one is better. Momentum to the downside is increasing and I'm just taking the chance with the 5% and the bottom of the channel. Risk to reward is against me however: 60 / 40 but taking chance because of location of being nearer to the bottom than the top. My guess.

 

[Bquat]

The market loves a 5% correction and sometimes even a 10% one is better. Momentum to the downside is increasing and I'm just taking the chance with the 5% and the bottom of the channel. Risk to reward is against me however: 60 / 40 but taking chance because of location of being nearer to the bottom than the top. My guess.

Not by the lower Low line. I am worried by the low base:worried: but then again we may have found support.

 

[OBXTrader]

Some medical issues kept me away for a week, but the TA look all broken now for the S and C Fund. Missed the up last week and the down days too. Oh well, sometimes doing nothing is OK.

I guess a savvy TSP timer could have bought on Monday and sold on Thursday. However, on September 4th, post #8320 on Bquat's thread I expressed concern of a S fund double top and general C fund sideways move. The S&P closed at 1997 that day and DWCPF closed at 1051 on September 4th, so my concerns are still concerns and no move for me out of G Fund.

I wasn't up to trading, but it seemed interesting that what moved the market up last week was "nothing" happened. Scotland and the FED announcements...not sure if that was dumb money rushing in or not on those announcements. Were they one-off head fakes from a general downward market? There is more than TSP, so I always hope for up days, but these down days are troubling.

Not by the lower Low line. I am worried by the low base:worried: but then again we may have found support.

 

[k0nkuzh0n]

Not by the lower Low line. I am worried by the low base:worried: but then again we may have found support.

looks like a "good" buying opportunity for a swing in a BEAR market :blink:

 

[Bquat]

DOW is still ok, maybe and S&P below the river but both are above the higher lows:

 

[Bquat]

The bottoming tail may mean the dip is being bought and mavbe a change in direction:

 

[Bquat]

So anybody know what this widening wedge is telling us? It's not really a trend:

 

[Bquat]

I'm ok I looked it up: http://thepatternsite.com/dbw.html

 

[A2Z1112]

Per Bulkowski...Descending broadening wedges are mid list performers, found most often with upward breakouts in a bull market. Downward breakouts are quite rare. As with other broadening patterns, partial rises and declines predict the breakout direction. Partial declines work particularly well, but are difficult to distinguish from the pauses that normally occur as price bounces from trendline to trendline.

 

[Bquat]

No move for me.

 

[BooDog]

Seasonality says last 5 trading days to be green for September. Whether it does or not remains to be seen. Looking pretty rough imo.

 

[Bquat]

Tomorrow I find out how bad sticking today will hurt me. I have us at -5% and on the buy line on the MACD for the S Fund: This has been is a real bad trade for me so far. I need to start using my River lines or not drawing them.:embarrest: Tomorrow we should turn or I'll have to eat this loss.

 

[Bquat]

What about the C Fund?

 

[Bquat]

Seasonality says last 5 trading days to be green for September. Whether it does or not remains to be seen. Looking pretty rough imo.

Yep

 

[Bquat]

C Fund:

 

[Bquat]

S Fund: