Bquat's Account Talk

[Bquat]

Still in defense mode(G).

June Chart:

Feel free to comment:

 

[Mcqlives]

Your gap may be filled tomorrow. Hopefully not a breakdown from there....

 

[Bquat]

I have a possible green line just a little below the blue line. I might show it tomorrow.

 

[blueroadster]

I have a possible green line just a little below the blue line. I might show it tomorrow.

Please do. Watching for a point of entry.

 

[Bquat]

Longer term support 60/40 that it holds. The green line is support for more correction loss:

 

[Bquat]

Spidey Sense: If we don't get a good pop today we will embed to the down side::worried:

 

[Wiff007]

I think you got a pop, but not the one you were looking for at least not as of 12:30 lol.

 

[Bquat]

So we did embed which gives 10 more negative points on guessing. Instead of starting with a 50/50 guess I start at 40/60 and work from there. In other words I start negative and have to be convinced to be positive. So there is a 60/40 chance of more selling. Your guess?

 

[blueroadster]

More selling...Other than trade disputes, what other topics are encouraging in the near term (i.e., one month) for plus side movement?

 

[tsptalk]

More selling...Other than trade disputes, what other topics are encouraging in the near term (i.e., one month) for plus side movement?

https://www.tsptalk.com/mb/the-econ...may-warranted-soon-post622845.html#post622845

 

[DreamboatAnnie]

If the Fed cuts the rate, what will the effect be?? My initial thought is that market would go up because it dropped in late 2018 when they went too far with cuts BUT, might the market now see a cut as a Negative....like displaying a lack of confidence???? Hummm...its always something! :smile:

https://www.tsptalk.com/mb/the-econ...may-warranted-soon-post622845.html#post622845

 

[Bquat]

Today's pop does look like it's enough to change my outlook. It does have my attention and makes me neutral.:blink: Watching Dead Cat Bounce area:

 

[Bquat]

Wow things are changing too quickly for me.:nuts: I am thinking the Midterm Channel is still good. I did not see this coming.:embarrest: So guess watch the orange lower high line to hold?

 

[DreamboatAnnie]

Yes...things are moving fast. I guess my question was answered as well... the market likes a cut!

 

[Bquat]

"Wow things are changing too quickly for me.:nuts: I am thinking the Midterm Channel is still good. I did not see this coming.:embarrest: So guess watch the orange lower high line to hold?" Still too much news related moves.:suspicious: I don't know if I should just toss a coin in the air? Watching blue line as support:

 

[Bquat]

Blue line held. I'm buying in. 100 S Fund:

 

[Mcqlives]

I Just missed cutoff (AGAIN!!!!!!). Good luck!

 

[shitepoke]

BQ...bought back in also...how confident are u now from 60/40 down to 70/30 up??
EJJ

 

[tom4jean]

I Just missed cutoff (AGAIN!!!!!!). Good luck!

Me too, busy at work. We'll get it next time, now I'm waiting until after the weekend though, still a bit skeptical this will hold up.

Sent from my Pixel 2 XL using TSP Talk Forums mobile app

 

[Bquat]

Looking at the last chart the big green candle took us out of being embedded so 60/40 down to 50/50. The red candle with the bottom tail (yellow circle) on the blue line showed support even on a bad news day so 60/40 up. So I took a chance that we would stay in the upper portion of the orange channel and got in. Looks good because the Lower High line was broken and we closed above it. Plus did you noticed that the movement from yesterday and today flattened my 50 Day out. Tomorrow will see if I was right or wrong.:worried: