Bquat's Account Talk

[Bquat]

SPY Are we scared yet? At least volume is decreasing:

 

[Bquat]

Looks to me things are getting worst. Did the Bulls capitulate end of day? Transportation a leading indicator:

 

[Bquat]

Now wait for someone smarter than me comment: Spidey says one more. Dow Jones:

 

[Bquat]

Now wait for someone smarter than me comment: Spidey says one more. Dow Jones:

No comments yet?

 

[Mapper]

DJ definitely still has some room to drop. If you're feeling frisky it may be good move to start moving into S fund. I've been slowly buying into the drop and am considering putting a little more on the S and I fund tables. Definitely feels like a risky move...so probably just move a little from F fund, since it is getting lofty. Personally I'm still "young" and should be willing to take that risk.

 

[Dutchy]

Bquat.....No comments yet?

Thanks again for your daily charts. Appears to me, last hour of trading yesterday was algo trading kicking in once SPX 1906 area was not going to hold..
Today, with post Columbus Day volume back, the real trading may begin ?? It will give us a better indication of Market direction..

 

[Bquat]

Thanks again for your daily charts. Appears to me, last hour of trading yesterday was algo trading kicking in once SPX 1906 area was not going to hold..
Today, with post Columbus Day volume back, the real trading may begin ?? It will give us a better indication of Market direction..

Thanks, I'm working with a Dead Cat bounce level to see if the Bulls are winning:

 

[Bquat]

DJ definitely still has some room to drop. If you're feeling frisky it may be good move to start moving into S fund. I've been slowly buying into the drop and am considering putting a little more on the S and I fund tables. Definitely feels like a risky move...so probably just move a little from F fund, since it is getting lofty. Personally I'm still "young" and should be willing to take that risk.

Got some levels in last chart and here's for S Fund:

 

[Bquat]

Watching Oscar: Live With Oscar

 

[Mapper]

I like what you said in Clester's thread about waiting for at least one higher high. Seems like a prudent approach, if one is seeking a bottom...which we all are.

In any case this highlights two approaches to mitigating risk while bottom seeking; laddering in, like I mentioned AND looking for a switch from lower highs/lows to higher highs/lows. Glad we can all discuss here!

 

[Bquat]

I like what you said in Clester's thread about waiting for at least one higher high. Seems like a prudent approach, if one is seeking a bottom...which we all are.

In any case this highlights two approaches to mitigating risk while bottom seeking; laddering in, like I mentioned AND looking for a switch from lower highs/lows to higher highs/lows. Glad we can all discuss here!

He could very well be right but I think a couple of days. I like to see confirmation but it makes me miss the starting spike. I changed some colors to show downside movement had increased and to show a declining 100 Day starting:

 

[Mapper]

I'm mentally with you. But, I'm struggling to commit because I've expected every down move in the last year or so to cause more pain. Instead someone refuels the rocket and we're off to the moon again. When will it happen this time??? Does the bull need a serious break? Were equities in an artificial bubble and are we seeing the markets reacting to tightening monetary policy? Dang, don't know

 

[Bquat]

At least an up move after the 1% hesitation but no move for me today:

 

[Cactus]

My biggest concern is the late afternoon selloff we've been having the last couple of trading days. If I weren't already in, I would not consider entering until that pattern changes.

 

[Bquat]

My biggest concern is the late afternoon selloff we've been having the last couple of trading days. If I weren't already in, I would not consider entering until that pattern changes.

Your entry and my exit happened about the same time. For you I hope the DCB level is breached:

 

[Mapper]

This has been a huge up morning for Transports and Small Caps. That part makes my head hurt.

 

[Bquat]

This has been a huge up morning for Transports and Small Caps. That part makes my head hurt.

Watch for the post deadline move::blink:

 

[Cactus]

Watch for the post deadline move::blink:

And down she goes!

 

[Bquat]

Do these one at a time: In the SPX the orange channel acted as resistance and the red channel continued to be relevant. Did have sideways movement:

 

[Bquat]

For the S Fund I had my DCB line right on but had to redraw red channel: