Bquat's Account Talk

[Bquat]

No move for me today. Staying 100 G.

 

[Bquat]

This is 60/40 a false breakout. Topping Doji which is in the middle of the midterm channel on FreeStocksCharts.com and overbought. But i have to show it as a breakout on TradingView.com:

 

[flalaw97]

Back in the longterm channel?

 

[Bquat]

This is 60/40 a false breakout. Topping Doji which is in the middle of the midterm channel on FreeStocksCharts.com and overbought. But i have to show it as a breakout on TradingView.com:

Dropping out of overbought area but not quite a sell signal yet. Testing prior resistance as resistance again from below. Dropped out of F flag (midterm) on FSC.com.:worried:

 

[Bquat]

Unexpected drop and turnaround today. Slightly over bought again::notrust:

 

[Bquat]

Top of the midterm channel tested as resistance, bottom tested as support. This can become a bearish engulfing candle. Spidey sense::worried: Finally getting a sell signal on stochastics RSI on FSC.com:

 

[Bquat]

Buyers jumping in to try to reverse the breakdown::suspicious:

 

[Bquat]

Top of the midterm channel tested as resistance, bottom tested as support. This can become a bearish engulfing candle. Spidey sense::worried: Finally getting a sell signal on stochastics RSI on FSC.com:

Still within my sell signal.:worried: Fell out of the long term on FreeStockCharts.com. Possible to embed to the downside. So doing a redraw on my Trading View chart to show shorter long term and will have to come up with a new short term:

 

[Bquat]

Staying 100 G Fund.

 

[Bquat]

Still within my sell signal.:worried: Fell out of the long term on FreeStockCharts.com. Possible to embed to the downside. So doing a redraw on my Trading View chart to show shorter long term and will have to come up with a new short term:

I have us embedded and just my opinion is that this is a dead cat bounce::worried:

 

[Bquat]

Even with todays slight gain we are still embedded to the downside. Also looks like a bear flag forming. Still below DCB line::worried:

 

[weatherweenie]

I have us embedded and just my opinion is that this is a dead cat bounce::worried:

Great call!

 

[rangerray]

Great call!

I agree as well, but I'd still like to see some buying in that last hour before the close, regardless if there's a loss for the day.

 

[Bquat]

The coin is in the air but since we are embedded I am 60/40 down. The long term channel bottom was confirmed but we failed to get back up above the red line after the bear flag was also confirmed.:worried: Is this a new down channel forming for February:

 

[Bquat]

Yes today looks good but this is still a lower high so far. I am still 60/40 bearish because we are still embedded to the downside. Dead cat bounce line is still above and we're not even back to that::worried:

 

[Bquat]

I have us now un-embedded and on a buy signal. I am only going half in because of popping the gap and may go back to test the DCB line. I have a little red line that may be resistance. 50/50 S/G fund:

 

[Bquat]

Little bit of weakness after my entry.:blink: Was expecting this so I only did 50%. I'm ok and redid the midterm channel for February. I like the top half of the long term channel too:

 

[Bquat]

Looking good. Not over bought yet even with a higher high today::smile:

 

[Bquat]

Breakout above long term is confirmed. I have us overbought.:worried: With the stimulus being pushed through I am not issuing a sell. The Midterm channel looks so strong it's 60/40 that we can embed. Last time we stayed three weeks bouncing between 60 and 82 on Stochastics RSI. So I am in the watch mode:

 

[flalaw97]

DOes "overbought" lose some meaning when we are talking about a collection of stocks, not a single stock? I was under the impression overbought was connected to the P/E ratio for the stock (Can you do an aggregate P/E for S&P 500 for example?). Thinking out loud here but I guess if the majority of stocks in an index fund are overbought, the ones that aren't may not buoy the index enough to keep it growing. We certainly chart the S&P 500 or DWCPF the same way we do a single stock but something makes me feel like using the same terms like overbought and oversold imply a cap that cannot be supported by the index. Just musing. Thanks again for the great chartwork Bquat! Good luck to all riding the wave up.