Bquat's Account Talk

[OBXTrader]

With likely carryover from today, perhaps tomorrow is the day to buy. The market likes to catch people leaning one direction and it goes another.

It's only an IFT, not worth losing a lot of money over. Not sure how to play the F Fund. Never been down that road......

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.

 

[Mcqlives]

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

So are you thinking a double bottom happened today?

 

[OBXTrader]

Part one complete, took some time, but as I anticipated selling at the close for potential carryover tomorrow since there are no significant announcements on September 1st. World events? Who knows, not much too push world markets upward.

C Fund in the trees below the 50 day and who knows where the S Fund is going. Small cap rebound or lower base? Tough to chart this stuff, Kudos.

Bquat - Were you glad you exited the S Fund two days ago? Did you consider buying in at a lower price today?

With likely carryover from today, perhaps tomorrow is the day to buy. The market likes to catch people leaning one direction and it goes another.

It's only an IFT, not worth losing a lot of money over. Not sure how to play the F Fund. Never been down that road......

 

[Bquat]

Part one complete, took some time, but as I anticipated selling at the close for potential carryover tomorrow since there are no significant announcements on September 1st. World events? Who knows, not much too push world markets upward.

C Fund in the trees below the 50 day and who knows where the S Fund is going. Small cap rebound or lower base? Tough to chart this stuff, Kudos.

Bquat - Were you glad you exited the S Fund two days ago? Did you consider buying in at a lower price today?

I'll answer when I get back from bowling

 

[Bquat]

Bquat - Were you glad you exited the S Fund two days ago? Did you consider buying in at a lower price today? I should of got out a day or two earlier and I probably should of went to F when I got out but thought it was going to top before. No I didn't think of reentering. I was thinking if I should stay in G or go to F. I had bearish patterns but it did look like they could be broken. I had to rush the deadline into F trusting my patterns. S going for lower low and C going for the 100 Day: Left the yellow patterns in to show you.

 

[Bquat]

I'm wondering about Transports: We are in October right?

 

[OBXTrader]

Funny you mention the Transports. JTH posted when they were at their peak this AM showing a breakout. The transports lagging were my indicator I mentioned on your thread that the market might struggle into the close today and follow through tomorrow. After noon, they never attempted to rally as did the S&P or Dow and I was concerned.

I'm wondering about Transports: We are in October right?

 

[Bquat]

So are you thinking a double bottom happened today?

Look at the yellow. I was thinking isometric triangle breaking down to the 100 Day. I missed your post while I was bowling. The down yellow line is my projection. Going to F Fund should of told you I was bearish. Here try this:

 

[Bquat]

Funny you mention the Transports. JTH posted when they were at their peak this AM showing a breakout. The transports lagging were my indicator I mentioned on your thread that the market might struggle into the close today and follow through tomorrow. After noon, they never attempted to rally as did the S&P or Dow and I was concerned.

He said they were getting a bid on the 30 min. I think the bid may have failed: JMO Here's mine with his on the end:

 

[Mapper]

How about those Transports this morning?!

 

[JTH]

He said they were getting a bid on the 30 min. I think the bid may have failed: JMO Here's mine with his on the end:

It was a bull trap, that's why I posted both the AGG & Tran breakout at the same time, one of the two was probably going to fail, I wanted it to be AGG, but such is life....

 

[Bquat]

For those that are in the C Fund, we need the double bottom to hold. I am concerned to the increased momentum of the down side: My last projected drop was exceeded an we are below the long term channel.:worried:

 

[Bquat]

For those in the S Fund, I am very concerned. Not only did we fail to pop out of the inverted F Flag this could be an Inverted Cup and Handle or M pattern: Maybe JTH can comment on this one. If we don't turn soon there's a possible Death Cross scenario.

 

[Bquat]

I am good to go with V bottom:

 

[Bquat]

How about those Transports this morning?!

Definitely a failed move::worried:

 

[Mcqlives]

Look at the yellow. I was thinking isometric triangle breaking down to the 100 Day. I missed your post while I was bowling. The down yellow line is my projection. Going to F Fund should of told you I was bearish. Here try this:

I should have been clearer...I was referencing the "F" fund charts with a double bottom intraday yesterday. Regardless of if you called it, it happened...and in a big way as today proved. Sometimes it is the little things that prove to be big indicators of direction. Good call on your part!!!

 

[Bquat]

I should have been clearer...I was referencing the "F" fund charts with a double bottom intraday yesterday. Regardless of if you called it, it happened...and in a big way as today proved. Sometimes it is the little things that prove to be big indicators of direction. Good call on your part!!!

Thanks, I may even have a jump on the month.

 

[Bquat]

These charts were provided by SpideyCharts.com so we might no be that bearish but the warning is necessary just in case.

 

[Bquat]

Let me know if you like this walk in: I also made a new river. SPY: Go to bottom chart than up.

 

[Bquat]

Back to less bearish bias, today's chart shows 1932 to 1910. Just 1% to 2% more: 100 Day is the new river and if it's not recovered it would be just a DCB.