Bquat's Account Talk

[Bquat]

Little breakout above my consolidation box and a test of the top of the box from above as new support.:smile:Little concerned about the resistance at the little red line. I may tweak the Midterm channel to contain the last couple of days if this breakout holds:

Looks like the breakout is holding so I tweaked the Midterm Channel to include the right hand drift up:

 

[Bquat]

I'm going to try to get my P's in a row.:cheesy: So this is my thoughts (which could be wrong) of what could happen. If breakout is confirmed tomorrow it is 60/40 to get us to P1. If P1 happens it gets us above the longterm top (which is the failed W line) and its 50/50 the W should complete at P2. This gives us a completed W pattern and it has the 40/60 potential for P3. It's just a theory I thrown out there for Super Bulls.:suspicious: So crazy or not? I've had the little black line there for a while:

Unless something happens in the news that's really good, I am lowering my expectations:
P1 50/50
P2 40/60
P3 30/70

 

[Bquat]

Unless something happens in the news that's really good, I am lowering my expectations:
P1 50/50
P2 40/60
P3 30/70

We are still embedded to the upside. We are above the Longterm for two days but we have P1 (top of the box) issues.:blink: Sideways consolidation again? Staying with these percentages on chances of P1, P2, and P3 happening:

 

[Bquat]

Well we can unembed today.:worried: I am going to stay in for the 50 Day test since we're right there::blink:

 

[Bquat]

Well we can unembed today.:worried: I am going to stay in for the 50 Day test since we're right there::blink:

Well nice 50 Day test. We did unembed but have one day to re-embed. I am going with this for now so I don't have to admit we are rolling over yet::cheesy:​

 

[Bquat]

Well I probably missed a good exit but I'm ok. I think we may be in a support area but what to I know? I might stay put as we test the 50 Day again as we can enter the oversold area today.:notrust: Waiting for dip buyers here::worried:

 

[Bquat]

Well I probably missed a good exit but I'm ok. I think we may be in a support area but what to I know? I might stay put as we test the 50 Day again as we can enter the oversold area today.:notrust: Waiting for dip buyers here::worried:

We did get oversold in one day. The dip buyers showed up today with the double bottom tails. Testing the 50 Day from above:

 

[Bquat]

More than a Dead Cat Bounce. Bullish engulfing candle is very bullish. Continued buying after 50 Day test from above as support. With RSI 14 over 50 isn't this a switch from oversold to a buy? Working on my Midterm preparing for May:

 

[Bquat]

Is this a V shape bottom? I put P1 on the chart to see if it may be an exit point this time or will bullishness increase and pop it when the V bottom confirms: JMO

 

[Bquat]

Is this a V shape bottom? I put P1 on the chart to see if it may be an exit point this time or will bullishness increase and pop it when the V bottom confirms: JMO

I borrowed the Lower High Line from DBA for P1 to see if it's an exit line or not. 50/50 chance either way. Staying 100 S Fund:

 

[Bquat]

I borrowed the Lower High Line from DBA for P1 to see if it's an exit line or not. 50/50 chance either way. Staying 100 S Fund:

Yep it topped right at P1 on Capital Gains tax news. I'm ok as it seemed to find a little support at old resistance. It should be fine if this was over reaction to the news,:blink: P1 is now has a 60/40 chance of being resistance and a selling point but I'm willing to take a chance on it as long as we are in my "V":

 

[Bquat]

Yep it topped right at P1 on Capital Gains tax news. I'm ok as it seemed to find a little support at old resistance. It should be fine if this was over reaction to the news,:blink: P1 is now has a 60/40 chance of being resistance and a selling point but I'm willing to take a chance on it as long as we are in my "V":

Todays action does show the dip was over reaction to the news. Tested little blue line as support from above and now approaching to test P1:

 

[Bquat]

Staying 100 S Fund. Thinking with today's strength going above P1 is again a 50/50 chance:

 

[Bquat]

I'm a happy camper.:smile: Wasn't expecting P1 to be broken today. A slightly higher high today confirming the "V" is strong. Can there be a second stage to this rocket?:notrust: Since we have just went over bought today there is a 60/40 chance P2 is a top unless we embed to the upside next week:

 

[Bquat]

Locking in gains today. Going 100 G Fund. This is not a Spidey sense move. Top of Longterm channel is here and March top is near so not being a Hog I am not taking any chance of losing my gains. Going away for May may not be a thing anymore because every trader has a laptop or personal computer at their vacation location but why take the chance when you are doing good:

 

[Beester15]

I was thinking of moving, but decided to try and ride the wave. but I am definitely looking to move out. When I do, I was thinking F instead of G:worried:

 

[mmk119]

Beester15, I've been thinking the same for a while now too. though TSP Talk reports the F fund forming a bear flag? Amazon, Google and a few other big names reporting this week that should have done very well during all this pandemic. that should at least hold numbers up if not push them up. So, i was thinking of staying in till later in the week and then use the F fund to wait and see if there is a good entry point in May or follow the old adage and just ..."stay a way".

 

[Bquat]

Here is my exit. I offset it a little bit so you can see the little top tail touching the March top. The "V" bottom is continuing and there is no weakness showing. My exit has a 60/40 chance of being premature but I just wanted to save my gains. So tomorrow we can embed to the upside but this also can be an exhaustion move to the top. We will see::blink:

 

[flalaw97]

What happened to P3?

 

[Bquat]

What happened to P3?

The top of the Midterm but I took it off back when there was problems with P1. The V is strong and 40/60 it could happen but I took the opportunity to lock gains. I also said my exit could be premature.