Bquat's Account Talk

[Bquat]

Spidey Sense: I am going 50S/50G locking in half my gains before there is even a slightly hint of Covid-19 cases increasing because of protesters bring back the virus to their families. Also a 50/50 chance of another topping tail today creating a sense of a double top. Just a feeling: :suspicious:​

 

[Bquat]

Well even more bullish action today. Didn't want to be a hog. Expecting a peak today but I have been wrong before. 50 percent is off the table tomorrow. I haven't used Spidey in a long time so we will see.

 

[Rod]

Well even more bullish action today. Didn't want to be a hog. Expecting a peak today but I have been wrong before. 50 percent is off the table tomorrow. I haven't used Spidey in a long time so we will see.

Good move. It can't go on forever.

 

[Bquat]

77 on the autotracker will probably be my high for the year. I am happy.

 

[Bquat]

Well even more bullish action today. Didn't want to be a hog. Expecting a peak today but I have been wrong before. 50 percent is off the table tomorrow. I haven't used Spidey in a long time so we will see.

Well news stopped what I was expecting so today it may happen.

 

[Whipsaw]

What news?

 

[Bquat]

What news?

The Fed announced yesterday it will expand its Main Street Lending Program. Its lowering its minimum loan amount, lifting its maximum loan amount, and lengthening its loan terms. So if you take out the green news spike, you will see the double top I was expecting.

 

[Bquat]

I'm on the Monthly for a day. Yesterday's afternoon action kept us in the Midterm channel. No redraw needed:

 

[Bquat]

With todays action it confirms that the top is in so I redrew the Longterm and Midterm channels:

 

[Bquat]

A few days ago:

"Spidey Sense:

I am going 50S/50G locking in half my gains before there is even a slightly hint of Covid-19 cases increasing because of protesters bring back the virus to their families. Also a 50/50 chance of another topping tail today creating a sense of a double top. Just a feeling: :suspicious:"

Spidey is looking good.​

 

[Bquat]

First gap filled. Watching for new Midterm Channel to be confirmed:

 

[Bquat]

Some good news must have happened.

 

[Bquat]

Some good news must have happened.

Or was it?:blink:

 

[Bquat]

Spidey Sense: I am going 50S/50G locking in half my gains before there is even a slightly hint of Covid-19 cases increasing because of protesters bring back the virus to their families. Also a 50/50 chance of another topping tail today creating a sense of a double top. Just a feeling: :suspicious:​

June 8th maybe I should of taken more out. Will look at chart after breakfast to mark a possible bottom.

 

[Bquat]

Here's the first line of support being tested. The next line of support should be the bottom of the Longterm channel or the 200 EMA:

 

[Bquat]

It may be a good thing waiting for the moving averages to catch up and the 200 EMA is around 10% down.

 

[shitepoke]

Whoa...what was the news or event? The Fed or unemployment and Covid fever. Probably all the above...did you figure out a possible bottom scenario.
EJJ

 

[Bquat]

Whoa...what was the news or event? The Fed or unemployment and Covid fever. Probably all the above...did you figure out a possible bottom scenario.
EJJ

If we don't reenter the Midterm channel by end of day, I will delete it and go with the Longterm Channel:

 

[Bquat]

If we don't reenter the Midterm channel by end of day, I will delete it and go with the Longterm Channel:

This is what I have with no Midterm channel. 100 EMA test would fill another gap:

 

[Bquat]

What do you think? Wait for the green line maybe? 200 EMA can hold if this is an overeaction to the news.:worried: