Bquat's Account Talk

[Bquat]

Made my Lower High Darker because it reconfirmed again today. Still playing with Longterm for March and Midterm guess. Head and Shoulders, and "W" patterns still relevant. Chart:

 

[Bquat]

No move for me. Chart: :blink:

 

[Whipsaw]

Bquat, where are you positioned?

 

[Bquat]

Bquat, where are you positioned?

100 G fund

 

[Bquat]

Made my Lower High Darker because it reconfirmed again today. Still playing with Longterm for March and Midterm guess. Head and Shoulders, and "W" patterns still relevant. Chart:

The coin falls tomorrow. We will find out which pattern will prevail. I am still 60/40 H&S: :worried:

 

[Bquat]

Nice little pop from Powell saying 0.25 rate hike instead of 0.50 but I don't know if this will calm things: :notrust:

 

[Bquat]

I don't know why but it took me 12 minutes to load the file must be my end.

 

[Bquat]

Maybe Fed news is enough to change things. I may redraw Midterm because of it.

 

[Bquat]

So good Fed news comes again right when needed. :suspicious: Faded the Lower High line. Midterm redraw: :cheesy:

 

[Bquat]

So good Fed news comes again right when needed. :suspicious: Faded the Lower High line. Midterm redraw: :cheesy:

Made my Lower High line darker again one news day doesn't negate it. The release of oil reserves was taken more as an act of desparation by the oil market and it pop $7.00 a barrel instead of it lowering oil prices. We did find some support at blue line: :worried:

 

[Bquat]

Ok I will play with this: F Flag bullish until it breaks:

 

[Bquat]

Ok I will play with this: F Flag bullish until it breaks:

Yah what he said. chart: :worried:

 

[Bquat]

Don't get too mad at me but I still think inflation is the major concern.
Release from the oil reserve was taken by the market as an act of desperation.
Sanctions on Russan oil hasn't even happened and price per barrel has gone up.
A lot of price increases are fuel cost for delivery.
Jobs have increased post Omicron which will increase inflation concern for the Fed.
Just my thoughts
Plunge Protection Team may be buying right now post deadline.

 

[Bquat]

I overslept this morning

 

[Bquat]

Still sitting in G fund and I am not seeing any idea of an entry point. We need to get back above this light support line and the line below is light also. Using Lower High parallel as possible bottom if Longterm is broken. We need good news and need it soon. My guess: :worried:

 

[Bquat]

My new orange channel is looking correct as we near second light support line. We need to turn back up from hear today because I don't want to make this channel steeper: :blink:

 

[Bquat]

Slight adjustment for channel but the down candles are getting bigger. Light support held but that could be only because most of the move has already been made by end of day. Spidey is 60/40 dashed line but me I have hope lor Longterm but only 50/50:

As always, I am slightly bearish and Spidey handles worst case to try to protect me. So this is my best guess

 

[Bquat]

Yes, I will try to get up earlier but prices have cut down on my early breakfast options

 

[Bquat]

Not much of a move this morning but it could be a good thing. Still no move for me staying G:

 

[Bquat]

Really looks like the market is waiting on some news for direction. :notrust: