Bquat's Account Talk

[Whipsaw]

I saw that, trying to be an optimist and yesterday being a bottoming tail formation. Remember, anytime a pattern is identified, it must change. :cheesy:

 

[Bquat]

Updated a little for Friday's close. I think this is not a breakout of the Bear Pennant yet. Moved the Dead Cat Bounce line to the close. A break above the Lower High can negate the pennant and a breakout above my 100 and 50 Days can move up just as fast as it came down. The watch of the yellow lines:

 

[Bquat]

Longer Term:

 

[Bquat]

This was so tempting but now I don't know::blink: Coin is in the air.

 

[Bquat]

Too much chance of an abandon baby. No move for me.:suspicious:

 

[Bquat]

I may be wrong here but finally able to try out a new Midterm Channel::cheesy:

 

[Bquat]

Oscarism: "An inverted F flag is bearish until it isn't." That being said I am wondering why the market is moving in slow motion to fill this gap.:blink: Keeping my eyes open and watching today if there is a big change in direction::suspicious: I may be over speculating.:cheesy:

 

[shitepoke]

BQ...did the gap get filled...was it at 1380...I believe it finished in the 1377 area?
EJJ

 

[Bquat]

Yes it was filled and no bounce after filling. Suprised at the drop near market close. Didn't think we would close at market low.

 

[Bquat]

Too much chance of an abandon baby. No move for me.:suspicious:

Ditto. Redrew the channel to line up bottom and top more. If we head up in the morning I will have to change it back to the old one because a breakout will be confirmed. I am trying it out here because the S fund is entering over bought. The last two up days popped and dropped to the same level.:suspicious: I have been wrong before but don't exactly trust this level: Maybe I'm just news shy.

 

[Bquat]

Staying with Midterm Channel as drawn:

 

[Bquat]

This morning I thought the Midterm Channel was confirming. Then a little pop above but being below the new Higher Low Line it could drop again. I still think we are over bought at the top of the channel::blink:

 

[Bquat]

China saying they will retaliate against tariffs is confirming my channel. Nice topping tail::worried:

 

[Bquat]

Anyone worried about GAP fill? That would be a 10% correction::worried:

 

[userque]

In the daily time-frame: not technical analysis, nor algos, nor box technologies --- nothing can beat random tweets except proper risk management.

 

[Bquat]

Where will we find support? A pop is really needed this week to calm fears in this market. Longer time frames may be affected if not.:worried:
Charts:

 

[Bquat]

Haven't done a SPY chart in a couple of years. So for those that like to compare both apples and oranges:

 

[Bquat]

Anyone worried about GAP fill? That would be a 10% correction::worried:

So the gap fill which may have come mid October may happen soon because of over speculation of a resecession. JMG

 

[Bquat]

Nice bottom tail of 1.3 % down to the bottom of the channel in Futures. I don't know if this was a Plunge Protection Team buy or a dip buy.:suspicious: I still think we may still be over bought but lately it's like swimming on the beach not knowing there is a rip tide. Looking like sideways consolidation and maybe I might us in the box technology to calm things down::blink:

 

[Bquat]

It was buy the news again. China wants to come back to the table. I think I will go back to the box.