Bquat's Account Talk

[Bquat]

That was a good size candle. Better than a Dead Cat Bounce. I didn't see it coming. Well it did confirm both the red line and the bottom of the Longterm Channel as resistance. I don't think many seen this coming expecting more weakness. Tomorrow we will see if this was a bull trap to get more people to jump in. I may again redraw my Midterm channel because the short term has been moving a lot::suspicious:

 

[Bquat]

Yes the Midterm a bull flag but we are still near the DBA Rectangle longer term top. I won't be buying in. Maybe I should try a box between my last exit and the last top to wait and see this level is resolved one way or the other. Just my thoughts and Spidey is mute on this::cheesy:

Here's the box. Just my thoughts::cheesy:

 

[Bquat]

There we go so far. Went to slightly overbought at double top and back into the box::worried:

 

[Bquat]

This may be a breakout but we are overbought. I have failure to reengage. ​I need to see follow through tomorrow. This still can be a false breakout or abandon baby.:notrust: This is just my feelings. Spidey is silent so far so the coin is in the air::blink:

 

[Bquat]

This is looking like a real breakout with follow through this afternoon

 

[Bquat]

I am missing this breakout. How far can it go? Like I said "I am having a problem with reengaging". Looking at longer term resistance. I am not feeling this breakout but Spidey is silent so I really don't know::blink:

 

[Bquat]

Was Friday a topping Doji? Maybe not but are we at the top. Can we drop out of overbought today before embedding to the upside. We are at longer term resistance. I be still in G fund::blink:

 

[Bquat]

Was Friday a topping Doji? Maybe not but are we at the top. Can we drop out of overbought today before embedding to the upside. We are at longer term resistance. I be still in G fund::blink:

Another topping Doji? Are we topping? Would be very good to test DBA consolidation rectangle as support:

 

[Bquat]

Another topping Doji? Are we topping? Would be very good to test DBA consolidation rectangle as support:

Maybe we're going there:

 

[Bquat]

Redrew the longterm channel for July using the higher lows. Still playing with the short term while hoping for the top of DBA's Rectangle to confirm as support. Still 100 G for me. Another free service from ITendtoGuess.com (me).:cheesy: We might not re-embed today::worried:

 

[Bquat]

Jobs report news spike. I'm not buying it.:notrust:

 

[Bquat]

The verdict is inconclusive. Doji top again? Chart::blink:

 

[Bquat]

Still waiting for the test of the rectangle but the downtrend is slowing. Adjusted the short term watching the bottom of the Longterm Channel::blink:

 

[Bquat]

Still waiting for the test of the rectangle but the downtrend is slowing. Adjusted the short term watching the bottom of the Longterm Channel::blink:

Well selling is increasing a little this morning. Maybe the Longterm channel will act as support and the test of the top of the rectangle will complete. I am going to an appointment so will be out of pocket. No buy in for me today because I need to see confirmation of the move. Larger red candle has me concerned::worried:

 

[Bquat]

Boy this diffidently turned around to look good. Better than I even expected:

 

[Bquat]

I am out of pocket this morning but this mornings drop can negates yesterday's move.I see spidey is awake and watching.

 

[Bquat]

Spidey sense says that this can turn things bad. I am staying out. I am in watch mode now

 

[Bquat]

Looking at yesterdays close I ignored the fact that it was slightly below the top of the rectangle because of the buy the dip to get us back up into the longterm channel. I don't think even the dip buyers can accomplish that again. Not quite a failed breakout yet but it's looking like one. We are oversold but can dip buying bring us out of it::worried:

 

[Bquat]

Is there a plunge protection plan. The dip buying is looking good for now. Should we trust it or is this smart money trying to draw us in. I am not as smart as I was as I get older so I have to verify moves. :suspicious:

 

[Bquat]

Looking at yesterdays close I ignored the fact that it was slightly below the top of the rectangle because of the buy the dip to get us back up into the longterm channel. I don't think even the dip buyers can accomplish that again. Not quite a failed breakout yet but it's looking like one. We are oversold but can dip buying bring us out of it::worried:

Well there you have it. The bottom of my longterm channel and the top of the rectangle both held as resistance which has Spidey concerned. With the black short-term channel I am showing lower highs and lower lows trending downwards.:worried: We are at the level that if there is another down day the failed breakout is confirmed. I have a feasible new midterm channel using recent higher high and higher low. Let's see if this holds up to reestablish the breakout. The bottom of this new channel is a line in the sand maybe::blink: