Bquat's Account Talk

[felixthecat]

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:

Made a small risk on move for a day or two. S Fund might squeeze out a bread crumb or two. However…I’m pretty much playing it safe for now.

 

[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:

The top of the rectangle tested as resistance. Things still seem to be more bullish than I'm thinking. So I have no comment and just sitting back watching this level::blink:

 

[rangerray]

Made a small risk on move for a day or two. S Fund might squeeze out a bread crumb or two. However…I’m pretty much playing it safe for now.

You have done great!!!!!!

 

[Bquat]

The top of the rectangle tested as resistance. Things still seem to be more bullish than I'm thinking. So I have no comment and just sitting back watching this level::blink:

Still no move for me. Cleaned chart up for you while I just continue to watch at these levels:

 

[felixthecat]

You have done great!!!!!!

Thanks! Just an average guy trying to squeak a few pennies at this nosebleed level.

 

[joblin20]

Thanks! Just an average guy trying to squeak a few pennies at this nosebleed level.

I assume you are using the relative strength index?

 

[Bquat]

Still no move for me. Cleaned chart up for you while I just continue to watch at these levels:

Back in the box::worried:

 

[felixthecat]

The RS on the $DWCPF looks fine…MACD is okay but that could change quickly. So why did I sell today. Several reason which is why I don’t focus just on one chart. In this case…exterior news like the sharp increase of COVID cases not just in my area but across many sections of the nation. This Delta variant has an Rnot of 6 which is huge compared to Original Covid Rnot of no more than 2 perhaps near 3. Means this spreads quickly and is hitting both groups because the vaccines are not as effective. Worse is yet to come. Second…the inverse ETF’s looked to have double bottom recently and held up today even with a market up day. A clue to me the tide may be turning internally for the market…this could translate to sharp swings coming soon. Not unusual before a steep fall. I don’t believe August is going to start with a bang…more like a hammer drop. Another reason I bowed out.

Inflation is not under control. Don’t believe the FED.

 

[joblin20]

The RS on the $DWCPF looks fine…MACD is okay but that could change quickly. So why did I sell today. Several reason which is why I don’t focus just on one chart. In this case…exterior news like the sharp increase of COVID cases not just in my area but across many sections of the nation. This Delta variant has an Rnot of 6 which is huge compared to Original Covid Rnot of no more than 2 perhaps near 3. Means this spreads quickly and is hitting both groups because the vaccines are not as effective. Worse is yet to come. Second…the inverse ETF’s looked to have double bottom recently and held up today even with a market up day. A clue to me the tide may be turning internally for the market…this could translate to sharp swings coming soon. Not unusual before a steep fall. I don’t believe August is going to start with a bang…more like a hammer drop. Another reason I bowed out.

Inflation is not under control. Don’t believe the FED.

Thank you very much for your input. I read all the posts here. Knowledge is power

 

[kb9nvh]

Hospitalizations for the delta varient is way lower than before... So more people will catch it and less people will die or even be hospitalized.. This info comes from UK data.

 

[Bquat]

Ok, starting my channels for August. Shortening them for a two IFT time frame. I now have my Midterm a little short but wanted to show the F Flag that is bullish until it isn't. My channels may be a little short in time frame but I am trying to make sense of this news driven market. Yes I haven't been in lately but haven't lost any either. Been trying more to hold onto my 10% that I may have missed gains. So I still may be too bearish for my own good but I still have mistrust in the current events::suspicious:

 

[Bquat]

These are my free guesses and feel free to comment because you could be the one who is right. No end of month move for me 100 G fund.

 

[FAAM]

Thx as always BQ. I'm conservative for still a Bull-ish market though more volatile (just overall take from all the great posters here mostly). I'm very near retirement & have been pretty conservative with my TSP yet I'm in >50% CSI, or so, and will IFT at least half of that back to G & some to F today. Hah - as a result, August start may take off like a shot (cynical prediction). G'day y'all.

 

[Bquat]

Lucky it's Friday. Spidey is awake and watching Lower High topping tails with afternoon selling.:blink:
Spidey doesn't have to worry about being misleading because he is a sense and not a real person::cheesy:

 

[Bquat]

Zoomed in on the top of my F flag for you. What is this to open with a drop and then a pop. Then the top is sold past the drop and right back to the open. Had to zoom in on this because it was kind of weird not having a candle body.

 

[Bquat]

Lucky it's Friday. Spidey is awake and watching Lower High topping tails with afternoon selling.:blink:
Spidey doesn't have to worry about being misleading because he is a sense and not a real person::cheesy:

Is big money trying to get people to buy in and sell for profit after our deadline. I am not seeing follow through on these morning pops. Three top tails in a row so far and still back into the box::blink:

 

[DreamboatAnnie]

Great point Bquat! Seeing tge same thing...:smile:

 

[felixthecat]

If you can maneuver this stock market this week....then you are as good as this guy!!

 

[Bquat]

Spidey says nobody drop food in the tank for this fish. Just his thoughts not totally mine::cheesy:

 

[joblin20]

Not quite sure the meaning of that?