Bquat's Account Talk

[Bquat]

Very good bottom tail off the 100 Day but does it fundamentally change things? We still need follow through. We are still embedded to the downside. Think of the 50 Day now as the DCB line. We need 1 1/2 to 2 percent to un-embed::worried:

 

[Bquat]

Probably this was a bad morning to be out of pocket. Anyway I am not going to jump from being scared to elation in one day. This is a Bear flag so far. Yes this was enough to un-embed. I am watching dotted line to start confirming a move up. Low non-farm job gains initially can help against inflation fears:

 

[tsptalk]

Good call retread. That a pretty good sized gap.

 

[Bquat]

Probably this was a bad morning to be out of pocket. Anyway I am not going to jump from being scared to elation in one day. This is a Bear flag so far. Yes this was enough to un-embed. I am watching dotted line to start confirming a move up. Low non-farm job gains initially can help against inflation fears:

Re-embedded to the downside after one day. Move up not confirmed and 50 Day did not act as support.:worried: Yesterday was just a buy the news day and nothing fundamentally changed:

 

[Bquat]

Now below 100 Day and previous support has now tested as resistance at red line. N3 is a possibility. Can we get back to the 100 Day? Testing to see if we can get back above the Midterm Channel::notrust:

 

[Bquat]

I think this could be the fundamental shift that we needed. Two percent drop and make it almost back to even. We came back and tested the 100 Day twice from below and nestled right up to it for the close. Just 0.06 from being a big green candle off today's low. The 100 Day is the only thing holding things back. Back above the Midterm Channel. I'm on look see for tomorrow::blink:

 

[Bquat]

Well the fundamental shift may be false.:embarrest: It may have been automatic trading platforms jumping to buy or maybe there is a plunge protection team on big sell days.:suspicious: Anyway today's weakness is negating my thoughts of follow through by big money. I changed my higher low to blue from green because it now has to be confirmed because buying did not continue making it three failed moves on the 100 Day. I said I was on watch see. Todays weakness is also because consumer prices rose at 4.2 percent inflation. So back into the Midterm Channel continuing the same rate of decline::worried:

 

[Bquat]

I posted early because I was wrong yesterday.

 

[Bquat]

Opening up the Midterm Channel to capture the swings better:

 

[mmk119]

Glad I waited to make a move. have to wait and see how this closes today and looks like tomorrow.
thank you again Bquat for your posts.

 

[Bquat]

"Danger Danger Will Robinson" Spidey thinks this may be bad. This is an acceleration to the downside even with the redraw. There was no big dip buy like the last three touches on the bottom of the Midterm Channel. The close at the low has me concerned even with meeting N3. So watching for the test of the double bottom (blue Line). Todays action does show in my mind that there's really not a Plunge Protection Team because today it was needed. Well the only good news is that was are in correction territory.:notrust:

 

[Bquat]

Don't see autotracker updates

 

[Bquat]

Sorry guys I was at the dentist. The coin is in the air as to N3 forming a bottom. Watching the lower high topping tails.:worried: This morning looks like it was a Dead Cat Bounce. Letting the dust settle before I do any move. Rate of decent normalizing back to the channel. :cheesy:

 

[Bquat]

Things I need to see to start thinking of an entry:
A close above the Lower High line (green)
A move to the right or the Midterm Channel
A close above the Dead Cat Bounce line
And then maybe only 50% in under the 100 Day. I am still 70/30 bearish::worried:

 

[Bquat]

Things I need to see to start thinking of an entry:
A close above the Lower High line (green) Check
A move to the right or the Midterm Channel Check
A close above the Dead Cat Bounce line 60/40 this could happen
And then maybe only 50% in under the 100 Day. I am still 70/30 bearish::worried:

Taking the chance. Going 50S/50G because we are under 100 Day:

 

[rangerray]

And I would add that getting lucky doesn’t hurt and I would qualify that by saying in the current market environment (and observations over the past year) if some of what you mentioned above doesn’t quite get to where you want it, the chances for a quick shift in momentum might be what points the needle north again.

I think more people are paying attention to the market. The ability of the market winds to shift and quickly increase to hurricane velocities seems to be occurring much more often than any other time that I can recall.


Sent from my iPhone using TSP Talk Forums

 

[Bquat]

We are un-embedded from the downside and slightly above the level where we re-embedded from last week.

 

[Bquat]

Little more buying than I expected today. Here's my entry right on the 100 Day fight::blink:

 

[joblin20]

As bad as I wanted to jump in, I decided to wait until Monday to see what it brings. I am afraid it’s going to go back down.

 

[Bquat]

I borrowed the rectangle DBA showed the other day. This is a longer term chart showing a consolidation sideways movement. Now if we don't reach the bottom it improves the chance that we can break out of the top for higher highs. Just a heads up because we really don't know how the current future will unfold. So 55/45 percent of happening::cheesy: