Bquat's Account Talk

[Bquat]

Looks like we are getting close to my potential one. I was thinking about getting half out but we are in the middle of the channel. What do you think? Lock some gains, stay in or lock all gains. Coin is in the air.

 

[nasa1974]

Looks like we are getting close to my potential one. I was thinking about getting half out but we are in the middle of the channel. What do you think? Lock some gains, stay in or lock all gains. Coin is in the air.

I'm all in, 100% "S". Still on the negative side of zero.

 

[Bquat]

Looks like we are getting close to my potential one. I was thinking about getting half out but we are in the middle of the channel. What do you think? Lock some gains, stay in or lock all gains. Coin is in the air.

Yesterday was buy the news. Today the Bulls are following through and we popped the P 1 and the VIX is moving down faster than being parallel to the 20 EMA::smile:

 

[Bquat]

I am remaining 100 S Fund. I think since we are at the top of the channel, the fact that we have been real bullish the last two weeks and we have met P 1 there will be profit taking at the red line. I can risk it by having some gains. Those getting in now may have to risk a 200 EMA test but I feel there is only a 40/60 chance of that while we are still within the midterm. There is also a 50/50 chance this is an exhaustion move to the top of the channel. I will watch this another day and may take 50% out before profit taking on Friday:

 

[Bquat]

Hitting the red line early and only a little profit taking so far making it look better than expected.:smile:

 

[Bquat]

I will never catch the leaders but very happy to be 115th in this environment.

 

[Bquat]

I am remaining 100 S Fund. I think since we are at the top of the channel, the fact that we have been real bullish the last two weeks and we have met P 1 there will be profit taking at the red line. I can risk it by having some gains. Those getting in now may have to risk a 200 EMA test but I feel there is only a 40/60 chance of that while we are still within the midterm. There is also a 50/50 chance this is an exhaustion move to the top of the channel. I will watch this another day and may take 50% out before profit taking on Friday:

Well they tried taking some profit this morning but it was bought back up. I may soon have to redraw the Midterm but it confirmed with the top acting as support so far.

 

[Bquat]

And testing again right at the deadline and acting again as support. Let me zoom that in a little:

 

[Bquat]

Why did we get a bottom tail at the top of a channel.

 

[Whipsaw]

Somebody must have leaked the jobs report...

 

[Bquat]

I was thinking that there was a 30/70 chance of P 2. There must be something good happening in the economy that the press isn't covering.:suspicious: I now think there is a 50/50 chance. I am staying zoomed in because I was watching for a topping pattern. Now the short term is more bullish than I ever would have guessed. The bottom tail yesterday afternoon surprised me:

 

[Bquat]

Coming down from the Panic Zone, I think the Fear Zone is now the Low Fear Zone. VIX:

 

[Bquat]

If this continues we may be less than 80 days from a bull market.

 

[Bquat]

I was thinking that there was a 30/70 chance of P 2. There must be something good happening in the economy that the press isn't covering.:suspicious: I now think there is a 50/50 chance. I am staying zoomed in because I was watching for a topping pattern. Now the short term is more bullish than I ever would have guessed. The bottom tail yesterday afternoon surprised me:

I'm using the Higher Low line as the bottom of my Midterm channel until it is broken to the down side. The top of the channel isn't verified but sometimes things in this market move to fast to adjust. This could be wrong but I'm going with it. Especially with an up move on a Friday. If it's an over reaction to the news, I will redraw::cheesy:

 

[Bquat]

Fill free to comment. You could be right.

 

[Bquat]

Little more down than 17 percent to plus 6.93 percent, I am one lucky guy.

 

[Bquat]

Thanks Tom, Rod, DreamboatAnne, and special thanks to Coolhand who kept me bullish.

 

[Rod]

Thanks Tom, Rod, DreamboatAnne, and special thanks to Coolhand who kept me bullish.

You've had a fantastic ride! Great job! I caught only 5.12% of it. But, I'm just happy to be sitting @ 3.27%. But, that could've been 12.73% had I remained @ 100 (S) for the week. Oh well.

 

[nasa1974]

I fell all the way down to 30.56%. I have clawed my way back to a 0.59%. Almost back to my 2020 start but I'm still 4% away from my high for the year.

 

[Whipsaw]

I'm sucking bilgewater, but I'll get back on deck at some point.