Bquat's Account Talk

[Bquat]

So, some are buying the dip. Has support become resistance at the orange line. I still can't figure a Midterm channel but may turn the bottom blue line orange wondering if all bad news is in. I think the chance more in likely the down trend purple Longterm may continue::notrust:

 

[Bquat]

Reminder: My Albertsons is Military and Veteran discount day on the 15th. I don't know if it's all Albertsons but 15% can really help.

 

[Bquat]

Not bullish, just drawing a line in the sand because I have no Midterm. Pre-chart: :cheesy:

 

[Bquat]

Are we developing a flat bottom or consolidating sideways? Right back at a resistance level. No move for me because we are already near the top of my channel: :blink:

 

[Bquat]

Wow, I don't know what happened. Chart: :embarrest:

 

[Epic]

I think the China pump yesterday influenced global markets (maybe), plus the Fed news was already well known so no one seemed to care.
This is China 30 minutes before the Open yesterday. I think they actually made it close to 15% at some point yesterday. There's just no way to anticipate stuff like this. :blink:



..

 

[Bquat]

So good news yesterday. Also, the FED did the o.25 rate hike as expected and was well liked by the market because not the 0.50. Well we are all ready testing the top of my channel and will the news pop hold. On the watch mode as to see if this is bullish enough to continue: :blink:

 

[Bquat]

Didn't notice but that's the blue dropping 100 day at the top right coming back into view.

 

[Bquat]

Morning

 

[Bquat]

Let's retry Longterm channel again. Are we there yet? In the box technology: :cheesy:

 

[Bquat]

Strong follow through in the afternoon trading. Is this a breakout? I don't know and it is making me look wrong:

 

[Bquat]

Well today's action is showing the top line was right, so I changed color. A good test of my 50 DMA as support. I am going with this for now: :cheesy: What do you think?

 

[Whipsaw]

I'm on the lily pad, let's close those gaps! :nuts:

 

[Epic]

YES please ....... down to about 1765, then a nice V-shaped reversal to the Upside just before and continuing on into April.

 

[Bquat]

Sorry I was out of pocket this morning, but we needed to wait to see how this would play out. If the top of the box holds as support when tested this can confirm as a breakout. If confirmed, we can test the 100 DMA and maybe the red line 40/60. Trying to be slightly bullish here right: :cheesy:

 

[Bquat]

No definite direction today on my guess day. It may confirm the breakout and again it may not. Our decision time is too early for me to decide. So 60/40 I think it's not a breakout yet: :blink:

 

[Bquat]

If you think different go ahead and say what you think because it can be you that is right.

 

[Whipsaw]

Fill those gaps! Fill those gaps! :smashfreakB:

 

[Bquat]

No definite direction today on my guess day. It may confirm the breakout and again it may not. Our decision time is too early for me to decide. So 60/40 I think it's not a breakout yet: :blink:

Breakout failed: :worried:

 

[FAAM]

I agree (FWIW) & Tom... breakout won't be sustained, in a bear-market, too many negative factors being ignored... maybe even a last-gasp for a while here & over-bought in general & specifically for this situation, no off-ramp for Peee-ewwwton so his war & economic impacts continue for some extended time (God bless Ukrainians), & gains in '22 hard to come by. Just sorry I missed this up-move situation with quadruple witching, etc. as I'm mostly in G & no way am I going "in" now. THX for your posts!!!!!!!