Bquat's Account Talk

[Mcqlives]

I think I was doing too many charts and was using different charts to determine that I should stay in. I may just do a couple of fund's charts and pay more attention to my river line::embarrest:

ditto on all of your comments. I was looking for excuses to stay in too. I went to G and feel more relaxed than I have this week.

 

[OBXTrader]

Tough call for sure, welcome to the G Fund. Nobody here but us chickens. We have still Monday and Tuesday to make move if the market sets up right. In the meantime, enjoy the golden dividends from the G Fund for 3 days.

I think I was doing too many charts and was using different charts to determine that I should stay in. I may just do a couple of fund's charts and pay more attention to my river line::embarrest:

 

[pmaloney]

Hi, I appreciate your posts. What do you mean when you mention the river or river line?

Thanks!

 

[Bquat]

Hi, I appreciate your posts. What do you mean when you mention the river or river line?

Thanks!

Where I think mid to long term resistance or support is .

 

[Bquat]

Monday I will find out if my panic exit was wrong: Inverted F Flag in S Fund (bearish until it breaks). Descending ladder in C Fund (doesn't work as well as up ladders): I will have the choice to enter October out of the market or not.

 

[Bquat]

Added higher than a Dead Cat Bounce line (blue-green) and a Caution Rung:

 

[Bquat]

Still within the Inverted F Flag which is Bearish until it breaks:

 

[Bquat]

Looking at JTH's chart and mine, I'm wondering if I want to wait on my river to be crossed or tomorrow to go from G to F.

 

[Mcqlives]

Looking at JTH's chart and mine, I'm wondering if I want to wait on my river to be crossed or tomorrow to go from G to F.

I considered that also. It would probably be a short play but you would make a little more that way. My problem is that I would then be in the F at the start of the month and would second guess myself getting back into the markets.

 

[Bquat]

I considered that also. It would probably be a short play but you would make a little more that way. My problem is that I would then be in the F at the start of the month and would second guess myself getting back into the markets.

Don't we do that anyway?

 

[Bquat]

Guess we be watching the 50 Day battle. Some unexpected sideways movement in the S&P 500. Are we coiling for a bigger move?

 

[Bquat]

Spidey's friends are worried about the 50 Day battle and wondering if enough gap was filled or we test the 100 day?

 

[Mcqlives]

Don't we do that anyway?

Yes...but not near as much (IMO) as we do getting out of risk as we do getting into risk. Take your recent charts...depending on your "Glass half full" mindset you could be the typical person and go with being an optimist or a pessimist....as in:
A) see acceptable risk getting into equities;
B) see way too much risk to get into equities;

There is a third option...you could be the opportunist and drink the 1/2 glass of water when you can make the most of it. I like being the opportunist but find it is really hard to make moves when I feel "safe", am making a little money (F), and only have the 2 moves to play with.

All that being said...I am watching the sideways action but see some gaps to fill either direction. The downside is that they will fill quickly and then we will break out. And then we are back to the optimist vs pessimist discussion for direction.

 

[Bquat]

Time to watch to see if something happens:

 

[Bquat]

Weird I'm getting the oppisite move in the two funds:May have to redraw the C Fund.

 

[Bquat]

Ok already, I'll try this: Any disagreement?

 

[Bquat]

Still thinking a move to F Fund but I have two funds trying to prove me wrong.

 

[Bquat]

Still thinking a move to F Fund but I have two funds trying to prove me wrong.

100 F Fund

 

[Bquat]

I hate the deadline but had to trust my charts:

 

[OBXTrader]

Good luck.

September passed and I didn't use a single IFT, because I am not a good market timer. I do have more money in the account than a month ago. Glass Half Full.

If I can't decide, best to do nothing and still wait for a clear signal. That was pretty bad news today, bad news is good news? Looks like programmed selling and buying right now.

I hate the deadline but had to trust my charts: