Bquat's Account Talk

[Bquat]

Not quite sure the meaning of that?

Lower highs and higher lows can be a continuation pattern. We may be in a down trend and if you feed the fish it might go down to the bottom to feed. 60/40 this can break downward to purple line. Just a guess on my part but I have been too bearish lately::cheesy:

 

[joblin20]

Gotcha, thank you. I’m in g fund maybe for the month.

 

[Bquat]

Lower highs and higher lows can be a continuation pattern. We may be in a down trend and if you feed the fish it might go down to the bottom to feed. 60/40 this can break downward to purple line. Just a guess on my part but I have been too bearish lately::cheesy:

Ok I dropped the bottom of the Midterm Channel to take away a little of my bearishness otherwise it was oops::worried:

 

[Bquat]

Breakdown out of the F flag which is bullish until it isn't. The 50 DMA did not hold with the test. It hesitated there just for a little while the failed. Spidey sense is lookout:

 

[Bquat]

I am surprised by the dip buy so I added a Higher Lows tips line. No move for me::worried:

 

[Whipsaw]

Yeah! Don't the dip-buyers' know that this is a bad week for the market!?? :suspicious:

 

[Bquat]

I am surprised by the dip buy so I added a Higher Lows tips line. No move for me::worried:

The dip buy even better than thought. This Hammer pattern negates the two day down trend showing that the bulls consider my higher lows line (thin black line) as a bottom. I have us back in the F flag and the bulls deeply show me that I am wrong about today's breakdown.:embarrest: So I have nothing to say for myself and did not see this coming. Back to just sitting back and just watching at this level::suspicious:

 

[Bquat]

No move for me today as I am still in watch mode as we are near top of the rectangle. Longterm top seems to be holding but we could test the top of the rectangle today:

 

[eastj]

Bquat, may I ask what DBA's rectangle is? Are those the top and bottom trendlines? Also I've been wondering why there appears to be greater focus on the C fund rather than the S fund. Is it because it has been more profitable in the last year? Thank you.

- Jules

 

[Bquat]

Bquat, may I ask what DBA's rectangle is? Are those the top and bottom trendlines? Also I've been wondering why there appears to be greater focus on the C fund rather than the S fund. Is it because it has been more profitable in the last year? Thank you.

- Jules

I don't know why C fund is outperforming S fund but I know that if selling comes it may outperform in the other direction. I have this as DBA's Rectangle because she had it a several months ago to show the sideways consolidation pattern in the S fund. It looked like it was going to breakout to the upside but that ended up to be a false breakout. I haven't been entering because we are right there again and I am 60/40 that it won't breakout. Just my guess::blink:

 

[Bquat]

So is this a breakout? We'll see. Chart:

 

[eastj]

I actually meant focusing on S more than C... so sorry for the confusion (I noticed more discussions/charts related to S fund than C fund after I joined this year). And by the way, thank you so much for your posts Bquat! It's so helpful to read your thought process and understand how to utilize charts for better probability trades.

 

[flalaw97]

I noticed more discussions/charts related to S fund than C fund after I joined this year

I noticed that too. It might be that in years when stocks have been up, the S fund has usually been up more than the C. Also, the swings seem to be bigger in S, and the members on this site spend alot of time trying to identify and catch those upward pops and avoid the drops. DreamboatAnnie's (DBA) charts cover all of the funds but Bquats have different detail and explanation. They do such a great job it makes learning easier.

 

[Bquat]

Let's just see what happens:

 

[Bquat]

Working with longterm channel. Tested top of rectangle as resistance from below::worried:

 

[Bquat]

No move for me just watching::worried:

 

[Bquat]

Finally unembedding after these little red candles. Maybe a bigger one today::worried:

 

[felixthecat]

Finally unembedding after these little red candles. Maybe a bigger one today::worried:

This market divergence between C and S is growing. Expect C fund to stop in its track and follow S fund. That has been slow to materialize but if it looks like a duck…waddles(market waddling right now) like a duck…then it is a duck right? *

 

[Bquat]

Here we are again with the bottom tails. Is there a Plunge Protection team or was it Senate passing infrastructure bill.:suspicious: Back at the top of rectangle. We stayed unembedded but can re-embed tomorrow::cheesy:

 

[Bquat]

Lower High (black line) can be a little bull flag but I'm not buying it. We are not re-embedding so far::worried: