Bquat's Account Talk

[Bquat]

Wow are we there already? At the top of the Misterm Channel and bottom of the Longterm Channel. Not overbought yet but very close at 65::suspicious:

 

[nasa1974]

A couple gaps have me nervous.

 

[tom4jean]

A couple gaps have me nervous.

I reduced my exposure without completely getting out. I don't trust it either... But I like to keep a little bit in the game no matter what the market's doing, 100% G ever appeals to me.

Sent from my Pixel 4a using Tapatalk

 

[Bquat]

I guess my line was good. Didn't get gap fill but the day is young and it could happen. At a VA appointment this morning so post was a little late::worried:

 

[Bquat]

Still didn't get complete gap fill but is this close enough for 50 DMA test? Will weakness continue since it's Friday::blink:

 

[retread]

Still didn't get complete gap fill but is this close enough for 50 DMA test? Will weakness continue since it's Friday::blink:

I saw on another thread a discussion of what constitutes a gap fill and that thread indicated that the wicks (or tails) of the candle can be used to fill a gap. So, according to that idea, these gaps would be filled. It looks like they are overlapping on successive days.

 

[DreamboatAnnie]

Great Info! Thank you Retread! :smile:

 

[Bquat]

Ok I will show the gaps as filled.:cheesy: Well I have us overbought and in a possible "F" Flag. This is bullish until it isn't.:worried: I may bring the Midterm Box back but don't know for sure. Things are swinging too much for me and I don't know if my bearishness is making me miss gains but I have been missing the dips too.:blink: Oh well here's my chart:

 

[Bquat]

Here's the 45/55 chance of a bearish outcome. Just my bearishness and I can be wrong and misleading. Just my guessing again. Opened the flag up::suspicious:

 

[shitepoke]

BQ- what does spidey say about an entry pt...

 

[Bquat]

BQ- what does spidey say about an entry pt...

He doesn't think that I should enter while we are at testing the top of DBA's Rectangle again but he is always more bearish than me.

 

[Bquat]

F Flag is breaking down and 50 DMA being tested from below::worried:

 

[Bquat]

Staying 100 G fund. Mine and Spidey's 60/40 guesses::worried:

 

[felixthecat]

Staying 100 G fund. Mine and Spidey's 60/40 guesses::worried:

We had a nice run on the S fund…but the chart on the S fund is showing lower highs on the six month chart. That ain’t good. No dice going in here. We have a ways to go before we have bottomed.

 

[joblin20]

We had a nice run on the S fund…but the chart on the S fund is showing lower highs on the six month chart. That ain’t good. No dice going in here. We have a ways to go before we have bottomed.

What is the likelihood of revisiting October of last year price I wonder. That’s more of a rhetorical question

 

[felixthecat]

Unlikely. That would be a 25-26 percent decline I believe from the top on the C fund. On the S fund that would be about 32 percent decline from the top. Most experts say 10 percent decline is in the card from the top. That would be 3979 or so for C fund and 2057 or so for the S Fund. I will say this...jitters have set in and if you look at the Asia Hong Kong market...it has already started the correction and likely caught the attention of the US market ( https://www.cnbc.com/2021/07/27/asi...kong-stocks-china-economy-currencies-oil.html ). Granted China has been cracking down as of late...however...US markets don't need much excuse to begin the correction. I believe we have already begun...especially in the Nasdaq with the Advance/Decline line dropping sharply. C fund still looks pretty good but I'm pretty sure we are beginning to roll over. Look for a 10 percent decline from the top for both. S fund first followed followed by the C fund.

 

[DreamboatAnnie]

Great points! Solid logic. Best wishes to all! .

 

[Bquat]

Staying 100 G fund. Mine and Spidey's 60/40 guesses::worried:

My guess was met and the dip was bought more than I expected.:embarrest: We didn't get back all we lost. Is this in effect a lower high and a lower low since touching the dotted line? I am confused with today's action did something unexpected happen in the afternoon news::notrust:

 

[DreamboatAnnie]

Definitely yesterday's candle caused a lower swing high (compared to 11 days ago). So that is not exactly a show of strength.

For today's action, would need to wait to see if it builds to create a lower swing low....or not.

But compared to red candle a few day's ago, it is a slightly higher low... So this would be higher low coupled with a lower low, so its neutral....But looking at swing highs and swing lows, it is trending down and that would be my primary take away. Oh well.. That's my take on it. hummm.. The 18 DMA is getting very close to the 50 DMA....eeeeee...

 

[Bquat]

Testing dotted line again. No move for me. I have us over bought again and am not going to enter while near top of rectangle::worried: