Bquat's Account Talk

[tsptalk]

I assume fresh pension and 401K money is part of it.

 

[Whipsaw]

I'll take it!

 

[Bquat]

PBDBB today. Pop, Big Drop, Bottom Bought. Kind of big volatility this morning. I'll have to check the news. Nothing broken yet::suspicious:

 

[ToddB]

ADP disappointing employment figures 428,000 vs 950K-1.2 million expected.


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[Bquat]

Yes I'm trying to post earlier for the online schooling is slowing things down in my area. I even have to pause for my typing to catch up with me and I use two fingers.

 

[ToddB]

Internet traffic jam, LOL!

This is what you want!

But here’s what you get!!

I feel your pain!!


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[Bquat]

No Spidey sense but he is awake from his bullish nap. Something that hasn't happened in a while. Possible Bearish Engulfing Candle: :worried:

 

[Bquat]

No Spidey sense but he is awake from his bullish nap. Something that hasn't happened in a while. Possible Bearish Engulfing Candle: :worried:

Maybe Spidey just being awake was enough. Again I don't know what happened. I was out for breakfast but thought I should get a chart out quickly. Something is broken:

 

[Bquat]

Bottom being bought and several talking about buying this dip. I think this is a Dead Cat Bounce to the bottom of the Longterm Channel and it has a 60/40 chance of holding as resistance::blink:

 

[Bquat]

Wow, support right at my pre-drawn support line. Trouble is it is right there at the close showing that this wasn't an over reaction to news. Ok we are closer to the gap below than the one above. So there is slightly more of a chance of going for correction level (down 5 0r 6% from top) than returning to the top. Just my guess because I have been expecting weakness for a while. Now watch for the Friday good news to timely come out::suspicious:

 

[Whipsaw]

There is this at MW

Stocks open higher after stronger-than-expected jobs report

 

[Bquat]

Wow, support right at my pre-drawn support line. Trouble is it is right there at the close showing that this wasn't an over reaction to news. Ok we are closer to the gap below than the one above. So there is slightly more of a chance of going for correction level (down 5 0r 6% from top) than returning to the top. Just my guess because I have been expecting weakness for a while. Now watch for the Friday good news to timely come out::suspicious:

Why such a selloff even with good news on unemployment? I call it the Nanny selloff. Today's economy is based on both parents working. With schools not opening people are selling stocks before the Labor Day weekend to hire retired and unemployed school teachers as nanny's and home school teachers for 90 days. Also there is increased expenses for laptops and internet for the kids. 50 EMA seams to be holding for now and I drew in my token Dead Cat Bounce line:

 

[Bquat]

Staying 100 G Fund and later i will try to find longer term bottom support if we don't get back above the DCB line::worried:

 

[Bquat]

Staying 100 G Fund and later i will try to find longer term bottom support if we don't get back above the DCB line::worried:

I have no Midterm now but using it to show resent Higher Low line. If we don't get back above it today:

 

[Bquat]

Sorry guys out of pocket this morning at appointment. The Midterm is drawn as a Higher Low line with a parallel bottom. Trying for a Bear Flag scenario::blink: Won't enter until after 9/11 since I am already on the sidelines. Not saying anything will happen.

 

[Bquat]

I think this is close enough to keep my channel going but we'll see:

 

[Bquat]

Still playing with Midterm.:cheesy: Gap is filled and topping tail formed.:worried: Dead Cat Bounce may still be in play. Can still be a Bear Flag while it stays in play:

 

[Bquat]

Still playing with Midterm.:cheesy: Gap is filled and topping tail formed.:worried: Dead Cat Bounce may still be in play. Can still be a Bear Flag while it stays in play:

DCB held as resistance this time.:worried: Stocks are trying to stay above my 50 EMA but 60/40 they won't but who knows on Friday news push day. Midterm is still in flux mode::suspicious:

 

[Bquat]

Still playing with Midterm. Can't even make a price range yet. Watching Higher Low line (which I'm trying out also) and blue line as possible bottoms::worried:

 

[flalaw97]

What would need to happen to cause the midterm to change slope to a downward direction?