Bquat
TSP Talk Royalty
- Reaction score
- 432
Well it looks like my DCB line and the top of my Midterm was drawn right:Dead Cat Bounce line acted as resistance. Chart::blink:

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Well it looks like my DCB line and the top of my Midterm was drawn right:Dead Cat Bounce line acted as resistance. Chart::blink:
Good dip buying to get us back above my little purple bottom tail line but still below the Midterm::notrust:No buy for me. Quick chart update hoping bottom tail line holds as support::worried:
More buying but the bad news is the 100 Day tested as resistance and we almost got to the Dead Cat Bounce line.:worried:Good dip buying to get us back above my little purple bottom tail line but still below the Midterm::notrust:
Not sure why some of you folks didn't take a chance and jump in Monday as bad as the day started of and then ended. On the plus side the market has filled the gap from Monday. So know what happens???
I won't speak for everyone, but I was afraid that Monday was going to be like August 17 - the first of several down moves. Until I saw it turn upwards, I wasn't quite ready to get back in with my last IFT of the month. In hindsight, that beckoning gap above was calling so Monday would have been the day, but hopefully I will still catch some upward movement if it rebounds like the last two times it went below the 100 DMA.
Maybe that is a good thing::smile:I still have a failure to reengage.:blink: Especially on House decisions this week and debt ceiling approaching::suspicious:
If something doesn't pass maybe N1 and if we have a shutdown N2::notrust:I still have a failure to reengage.:blink: Especially on House decisions this week and debt ceiling approaching::suspicious:
This can get bad. Spidey sense N2 me N1 or Orange. Spidey is concerned::worried: