Bquat's Account Talk

[Bquat]

Looking at the autotracker today the C fund should be below -10% and the S fund should be below -15% tomorrow. Is this enough of a correction and should I start looking for an entry? I would now start looking but I don't know if the coming rate hikes are already baked in. My bearishness has kept me safe.

 

[Bquat]

Well futures are showing that Russia news is not based in. Spidey sense is in alert mode and my light support line is useless:

 

[retread]

I said this a few weeks ago but there are gaps down by the 2020 election. I think we are headed there. And it was a former breakout area, so they like to go back and test that. That's another 10-15% drop

 

[Bquat]

Well futures are showing that Russia news is not based in. Spidey sense is in alert mode and my light support line is useless:

Wow did Plunge Protection Team step in to ease Spidey's fears? Well, the Light support line just acted as resistance from below::blink:

 

[Bquat]

How would I say this? Strong buying after maybe a PPT buy but no follow through. I took the Light label off my red line because it has held better than expected. No move for me and staying 100 G. Even though Spidey has calmed down, I 60/40 don't trust this dip buy but that's just me: :blink:

 

[Bquat]

I don't know what happened but I look stupid

 

[joblin20]

Nope, I read your charts daily. You have been very accurate. I believe we are still in a down trend. The market likes to dish out as much punishment and confusion as possible.

 

[TonysSista]

Ha..punishment and confusion..that's for damn sure!

 

[ravensfan]

I think we just got played by the day traders...:nuts:

 

[Bquat]

Well I don't know. Fed rates aren't going up as fast because of supply issues because of Russia. Well, here's a cleaner update chart until I know what's going on: :notrust:

 

[Bquat]

I did say this on the 18th,so fed rates are more important than invasion

!8 DMA acting as resistance and below the Midterm channel's (Thin black line to Orange) new bottom is not good at all. At least light support line held but not real dip buying. 60/40 this could be the break downward. I don't know if this is Russia news baked in. I still in my opinion think inflation is more of a major problem and Russia news is being pushed to hide this:

 

[Bquat]

I am neutral to slightly bearish below the lower high line. Spidey is calmed down but doesn't trust this. I still believe that inflation is the major concern and Russia news is just being used to give a false narrative on rising gas prices. Remember Crimea takeover was out of the news quickly. Just what I think. Follow through does make it look more than a news pop: :suspicious:

 

[Bquat]

Charts are provided free from Justmyguess.com or Justmywrongguess.com :cheesy:

 

[Bquat]

Wow it does seems the invasion has no effect on the market because of no sanctions on wood oil or gas. Big talk with little follow through. Just wanted to blame Russia on higher fuel prices. So, is this a head and shoulders or a big "W" forming? I'll let you guys' guess. Me 60/40 H&S::blink:

 

[nasa1974]

What I like, there are no gaps.

 

[Epic]

My thoughts are Fill the gaps with the first Rate Hike, then we're clear for take off to the Upside. :dunno:

 

[Bquat]

Wow it does seems the invasion has no effect on the market because of no sanctions on wood oil or gas. Big talk with little follow through. Just wanted to blame Russia on higher fuel prices. So, is this a head and shoulders or a big "W" forming? I'll let you guys' guess. Me 60/40 H&S::blink:

Might have to give up on the Head and Shoulders idea. I don't know why S fund is up so much with the Dow negative. Well I'll toss the coin up on the two patterns because this could be dumb money following in. Just my guess as it is overbought now::cheesy:

 

[Bquat]

See that right after deadline smart money selling. What happened?

 

[DreamboatAnnie]

I am never sure what is smart versus dumb money and where I fall. If I am in and it goes up, then I am smart money. If not, then I am dumb money! lol...
There will be another big drop coming....who will be quick enough to get out of that one? I only partly sidestepped the Jan-Feb drop.

Wishing you the best Bquat! It is dangerous out there.

GREAT charts as usual... Thank You! :smile:

 

[Bquat]

See that right after deadline smart money selling. What happened?

I have a TSP Deadline theory: If a lot of government and ex-employees have submitted and exit IFT the contractors sell after the deadline to give us a lower sell price and if everyone is entering, they buy after the deadline to give us a higher entry price. Just a theory why else would they need four hours.