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Bquat's Account Talk
- Thread starter Bquat
- Start date
tom4jean
Member
Yeah I got out a few days ago. This election, and quite frankly any election, makes things quite volatile. Add to that covid 19, and it's a crap shoot.. do you stay in hoping it shoots up or will it go down?? , All depends on how the election goes! I'd rather sit it out and wait until the dust settles. I might miss a few gains but in the end I think I'll come out ahead. All I can say is Bidden is a bit scary.
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Bquat
Well-known member
Still have a couple of days to decide for end of month IFT. Is a 6% dip enough to buy on. Futures looks like it might be, Watching Dead Cat Bounce as maybe a gap up after over reaction to news. It's weird, I'm at 50/50 about entering but Spidey wants to add his 10% bearish outlook to it.:blink: Are we close enough to T 2 for entry:
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I'm thinking same thing. Then u also have the big hitters reporting tonight. Is it worth waiting until tomorrow to make IFT?
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Hard to predict exactly, so it might be prudent to make the move today.
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Bquat
Well-known member
It is always best to watch a little bit in the morning before making any move because it happens after the markets close anyway. Like this morning futures are negative after being up over one percent last night. Spidey was right I guess.
Yup... If market is going south around 11, I will probable pull the trigger.
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Looks like that huge GDP number have the market a shot in the arm. That number is superficial though. I might wait until tomorrow now. Unless something changes in the next 30 min.
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Bquat
Well-known member
I will be waiting on tomorrow also watching Dead Cat Bounce area. If the news was so good we would have gotten above it. More traders watching Covid-19 wave growing in Europe to be followed in USA. I am slightly in Spidey Sense mode waiting for vaccine to be released for seniors. Check out Ira's Financial report posted by Nnutt: 55/45 bearish. Staying 100 G Fund::worried:
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Good point! I'm waiting also. I don't think earning from the heavy hitters will ask be good.
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Bquat
Well-known member
Dead Cat Bounce held as resistance. 50 EMA looks neutral or midpoint of a new price range. Spidey is wondering it the little blue line will hold.:worried:
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Bquat
Well-known member
I will redraw the Midterm Channel after the dust settles. Relocated the Dead Cat Bounce line for me. Spidey is going with the IDR line as resistance. He's still a little more bearish than me. What is the IDR line you ask? It's the line where the dip buyers were blocked twice by Intra-day Resistance.:worried: November Chart:
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If you add the Premium Members you fall back to 76. But 12.20% is great positioning to finish out the year. You are still in the top 100 and that's a good spot to be in. Congrats. I'm 89 spots behind you at 165.
Bquat
Well-known member
Not as bearish as Spidey though but DCB is still in play. Double top testing the 50 EMA.:worried: This could be a bull flag but still bearish enough to keep me out for another day::blink:
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Bquat
Well-known member
Looks like some are buying election day::suspicious: Is this an over reaction?
