Bquat's Account Talk

[Bquat]

Forget that. Midterm shot and now seeing long term under attack:

 

[Bquat]

I drew what I am seeing. Any more damage I will have to go back to the bigger dip or - 10.0 % or both. What do you think will be support?

 

[Bquat]

Good size drop in futures and then a big swing up may be a bottoming tail that you won't see in the chart. Back above my 200 Day but could be just a Dead Cat Bounce. Yellow line can also be shoulders. Normally I would be a little bullish right now but there is always the news fear in the back of traders minds::blink:

 

[BooDog]

I drew what I am seeing. Any more damage I will have to go back to the bigger dip or - 10.0 % or both. What do you think will be support?

Think I mentioned 2750 on the SPY, the wick is there but not the full candle. I dipped my toe back in 10% C S I. Still have 1 move left for August.

Yes, there is a lot of fear mongering out there and we could very easily see another massive drop.


Or we go back up into a new normal of summertime volatility.

The worst risk of all is being unwilling to take a risk. Bo Short said something like that.

 

[shitepoke]

BQ - a dead cat bounce??

 

[Bquat]

It's when there is a sell off and the dip may be bought by dumb money and stocks tumble again the following day. The buying must be enough to get above support. Hopefully it gets high enough to go for gap fill. I will look at it later today.

 

[Bquat]

Today looked better than expected. 200 Day tested as support and close near the high. Yet I was hoping move B would equal the move A after such a rapid drop. Still hasn't tested the resistance at the DCB where it might deflect back down or pop the gap. I am not an expert but trying to be a better guesser this year. At least this is a higher low so far:

 

[Bquat]

DCB confirmed yet right shoulder is holding up also. I am still in watch mode.:suspicious: A is not equal to B::blink:

 

[Bquat]

"Normally I would be a little bullish right now but there is always the news fear in the back of traders minds::blink:"
​I guess I was wrong and I may have missed the train. Playing with a possible midterm channel:

 

[Bquat]

Gap filled:

 

[Bquat]

Did not get support where it should have been. Watching the bottom of the new channel I am trying for midterm:

 

[Bquat]

Did not get support where it should have been. Watching the bottom of the new channel I am trying for midterm:

Now not getting resistance where it should be also.:nuts: So much up and downs lately. Not going to chase this. Wish I was smarter. Well my guess is this can be a bearish pennant. Said I was going to try to be a better guesser.:cheesy:

 

[BooDog]

Now not getting resistance where it should be also.:nuts: So much up and downs lately. Not going to chase this. Wish I was smarter. Well my guess is this can be a bearish pennant. Said I was going to try to be a better guesser.:cheesy:

We'll see what sticks. Saw that the SPY actually broke through the 50 for a bit. Both SPY and DJIA look to have a squeeze setting up. Bollingers coming in which very well could pick up the volatility even more, in a big way. In which direction though??? I took some off at close today but left in a little. 5% C S & I BUT, no more moves left.

Let me correct that a bit. So, imo, the squeeze is really already in play since the bollingers are separating. Now we'll simply see if it was just a pop or if we can eat through the 50 dma's and have some running time.

 

[Bquat]

Now not getting resistance where it should be also.:nuts: So much up and downs lately. Not going to chase this. Wish I was smarter. Well my guess is this can be a bearish pennant. Said I was going to try to be a better guesser.:cheesy:

Looking smarter this morning. So much pop and drop these days. Normally trend is your friend but now it seems like news has more influence on the markets lately::suspicious:

 

[Whipsaw]

Double bottom at support ~1360?

 

[Bquat]

Midterm Channel gone again so I'm showing Longer Term. I will try to figure out a Midterm:

 

[Bquat]

Only thing I can come up with a News Swing Box:

 

[Bquat]

Nice little test of where I dropped the bottom line of the Long Term Channel to. Can't say if this is going to stay a higher low:

 

[Bquat]

Out of pocket this morning. I should have put my Dead Cat Bounce line in the last chart because we are there already. Without a sense of a Midterm Channel moves within the News Box can go either way.:notrust: Late Chart:

 

[Bquat]

Here is what has me concerned: Look at pops A, B and C. They are down hill from each other. What does this mean? My guess is that pops are being sold and smart money is taking profit in a step down process without bringing notice to most of the market.:suspicious: JMO What's in your pocket?