Bquat's Account Talk

[Bquat]

Remember I have not reengaged into the market for a long time. I am using the lily pad look and see and lucky guess method, so if you disagree feel free to comment at any time because you could have the right idea:

 

[Bquat]

Excellent dip buying after the pop down and back up to fill the gap. Good gains and follow through this afternoon but is it just the market reacting to the Musk buy of Twitter? 44 Billion is a lot of investment. So, did we bottom out today or just a big news reaction? I don't know? We'll have to watch tomorrow to see but it could of been something good happening at the right time. ​It is gap fill from below of a previous gap: :suspicious:

 

[bleeck]

The cat fell on the trampoline?

 

[Bquat]

This morning's action is not confirming yesterday's action so it maybe overreaction to Twitter buy

 

[nasa1974]

This morning's action is not confirming yesterday's action so it maybe overreaction to Twitter buy

I would agree with that logic. :1244:

 

[Bquat]

It is trying to find support at blue line but we will see: :blink:

 

[rangerray]

Keeping my fingers crossed that this is capitulation at the bottom of your long-term range. I'm trying to increase my vocabulary.

 

[Epic]

Supercalifragilisticexpialidocious . . . . . :nuts: LOL

 

[Bquat]

Let's not even look at Spidey's chart he's way too bearish for me:

Well he kept me out and Spidey Sense is still in effect. We need good news to pop back into the Longterm Channel but it's 60/40 not Gona happen: :blink:

 

[bleeck]

Here kitty kitty

 

[Epic]

..

 

[nasa1974]

..

YEP!!! That's the feeling. I feel a hairball coming up.

 

[Bquat]

I don't know if it's Plunge Protection Team but they are pushing futures to pop us into the channel in the morning :notrust:

 

[Bquat]

Well very much a pump and dump and it looks like dumb money wasn't buying in. This is diffidently a failed test to reenter my channel. So, a long-term gap is filled and the market is holding within the gap. Somebody is trying to keep us from going too far away from the channel ​I am 60/40 neutral but Spidey is still bearish and that's just his nature: :suspicious:

 

[Bquat]

Maybe somebody is just taking a potty break until the train continues south. :cheesy: What do you think?

 

[LTJPFED]

This dumb money was trying to get in but my IFT did not get processed this morning. I guess in hindsight it was good it did not. Yes we are up, I think so, but not overwhelming interest coming in. Wouldn't be surprised to see a reversal by the smart money EOD. I like the bottom resistance line you have. After listening to a little more commentary this morning I think we move down further. Probably will get a small bounce here and there but trend is still down. I mean I can even see that lol. Q2 earnings still coming out and anything can happen, Fed rate probably baked in but who knows. So much going on. Maybe best move is no move at this point.

 

[Bquat]

Maybe somebody is just taking a potty break until the train continues south. :cheesy: What do you think?

Maybe everyone is taking a little break today as the train refuels. :blink:

 

[Bquat]

Another pump and dump:

 

[Bquat]

This does look good but is it news related that negative GDP (bad economic growth) equals less FED rate increase? I will look to see if there's follow through tomorrow before a change anything on my chart: :suspicious:

 

[Whipsaw]

The old 'bad news is good news' story! :cheesy: