Bquat's Account Talk

[flalaw97]

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.

Definitely a good time to lock in gains. I went against my own strategy this month by getting back in mid month (strategy was to lock in the 2 to 3% gain each month and wait to the end of the month to get back in). I really like being in at the beginning of the month and using that first IFT to get out/reduce, leaving the second IFT to get back in. Still developing that strategy and your charts are super helpful! Thanks for all you do and best of luck!

 

[Whipsaw]

Be careful in the second half of the third month in the quarter, re-balancing, window dressing, etc.

 

[rangerray]

I really like being in at the beginning of the month and using that first IFT to get out/reduce, leaving the second IFT to get back in.

That sounds like a great way to do it. Half the year I feel like I'm so out of sync.

 

[Bquat]

Since I'm out I'm still working on my May chart. Made Midterm channel longterm and since the "V" may be completing I made the right side the Midterm Channel. P3 is the last topping tail. Showing indecision in the little red circle (topping Doji?) Sitting back relaxing:

 

[Elfer]

How can I view your attached images?

 

[Bquat]

How can I view your attached images?

view as web page or Desktop site

 

[Bquat]

Since I'm out I'm still working on my May chart. Made Midterm channel longterm and since the "V" may be completing I made the right side the Midterm Channel. P3 is the last topping tail. Showing indecision in the little red circle (topping Doji?) Sitting back relaxing:

May still be in the channel but fell below March top.:worried: Zoomed in for you:

 

[Bquat]

My exit is looking better. We are still embedded but another negative day tomorrow could un-embed.:blink: Some weakness today but looks like it may have found support. Out of the channel but could be a bull flag forming:

 

[Bquat]

Post Presidential speech pop reversed quickly. We are not un-embedded yet but very close to it::worried:

 

[Whipsaw]

It's a long way to the close... :worried:

 

[flalaw97]

NAAIM came out more bullish today. perhaps the rest before the breakout up?

 

[Bquat]

The Midterm channel is temporary. I have it drawn to show me the level of drop to see if the drop rate is increasing or continuing at the same rate. I think this is more than a bull flag now.:worried:
60/40 Longterm Channel bottom (18) holds
50/50 50 Day holds
40/60 5 percent correction holds
These percent chances can change with momentum increasing:

 

[Bquat]

Not trusting this buying.:notrust: Seen this little pop just after the day we go below 50 on RSI. Extending out Midterm thinking this is just a Dead Cat Bounce.:worried: This has been a pretty good exit for me. Maybe got lucky this time:

 

[Bquat]

The Midterm channel is temporary. I have it drawn to show me the level of drop to see if the drop rate is increasing or continuing at the same rate. I think this is more than a bull flag now.:worried:
These percent chances can change with momentum increasing:

This is an acceleration of selling with the gap down. The dip buying at the 50 Day can get us back into the Midterm and a more tolerant down move.:notrust: Now 50/50 N2 correction and maybe a 100 Day test. My Longterm is lost. Spidey sense is in effect and he is worried::worried:

 

[Bquat]

This is an acceleration of selling with the gap down. The dip buying at the 50 Day can get us back into the Midterm and a more tolerant down move.:notrust: Now 50/50 N2 correction and maybe a 100 Day test. My Longterm is lost. Spidey sense is in effect and he is worried::worried:

Yesterday was over reaction to the news but the dip buying twice from below the 50 Day seemed like the old Plunge Protection Team buying like in the past.:suspicious: Today it did look like a true 50 Day test. With the higher low things look better but we can still embed to the downside tomorrow with the bottom of the gap maybe being the DCB line in the sand. Slight redraw of Midterm to include yesterdays action making the downturn less scary. Staying 100 G and Spidey has calmed down for the moment:

 

[Bquat]

Spidey is awake and seeing bad news. The 50 Day was broken for the third time today. The third time seemed to be the charm. It was tested from below and held as resistance. Well the downward rate is continuing but is it allowing people to exit or just keeping their hopes up enough expecting a dip buy. I don't know but Spidey thinks this can escalate quickly from here. I'm 50/50 N2 and 100 day combo will hold but he's 40/60 and looking at N3. He needs to be proven wrong::worried:

 

[Bquat]

Looking at my chart we need a fundamental change. I think they call it a green candle. So dip buying needs to start today especially if we touch the 5 percent correction line.

 

[bleeck]

Must say you did nail your exit nicely!

 

[Bquat]

Adjusted the Midterm a little more steeper to cover red candle parade. There we have a test of 100 Day. Can this cause dip buying? Spidey is concerned that we are embedded to the downside. We need a 3% shift from here to even start to change things:

 

[retread]

Looks like the S fund is trying to close a small gap from March 30?