Bquat's Account Talk

[Bquat]

Well today is decision day. Go away for May? Staying 100 G for me. Still playing with Midterm Channel because now days we don't know what the midterm will do. Today is proving that yesterday was an overreaction to the news. Bear flag? :blink:

 

[rangerray]

If we don’t know what the mid term will do, doesn’t that make it short term?


Scott Harrison
Senatobia, MS

 

[Bquat]

If we don’t know what the mid term will do, doesn’t that make it short term?


Scott Harrison
Senatobia, MS

You are probably right but I redraw it as it develops lower highs as we go down

 

[Bquat]

There is more likely a 60/40 chance that Spidey's worst-case scenario can happen. Especially if the S Fund enters a recession. So, what we really need greater than a 2 % gain Monday to make this a false breakout of the Longterm Sideways Correction. Should we stay away for may: :worried:

 

[Bquat]

Just remember Spidey is always more bearish than me because that's his nature. Another free Iguessum.com chart and always feel free to weigh in.

 

[Boghie]

He's dead Jim, he's dead...

Economic activity is slowing, inflation is growing, and we have financial nitwits at the helm.

It's not the quarter/half point bumps in interest rates that are slowing the economy, it is the retrenchment of investable assets. Why make a huge capital investment in something when some State AG can sue you for making your something out of plastic? Why invest in a multi-billion dollar pipeline when some Federal something or other can shut you down halfway through the build? At best, investable money will camp the sidelines. At worst it will decide that the US is a Banana Republic and other countries are more stable.

Our issue is that our TSP assets are not as fluid as those of EXXON. EXXON can invest in and grow their bottom line in Australia, we cannot.

 

[Bquat]

There is more likely a 60/40 chance that Spidey's worst-case scenario can happen. Especially if the S Fund enters a recession. So, what we really need greater than a 2 % gain Monday to make this a false breakout of the Longterm Sideways Correction. Should we stay away for may: :worried:

Well this may not be enough. Now testing light support as resistance from below. It looks like today's dip buy is slowing down and I don't think we'll get back in the box: :notrust:

 

[Bquat]

I think 60/40 today is a confirmation of a breakout of the sideways consolidation. :worried: Need the dip to be bought big time::nuts:

 

[Bquat]

Looking like PPT heard me.

 

[Bquat]

I think 60/40 today is a confirmation of a breakout of the sideways consolidation. :worried: Need the dip to be bought big time::nuts:

Did the Plunge Protection Team try to negate the breakout confirmation. Did they read my comment? Looks like light support did hold as resistance end of day. The effort did put the coin back in the air: :blink:​

 

[Bquat]

So far today the bottom of the box held as resistance twice: :blink:

 

[Bquat]

So far today the bottom of the box held as resistance twice: :blink:

And still held end of day. How many got pulled in: :suspicious:

 

[Bquat]

My redraw for May so far: :worried:

 

[Bquat]

My redraw for May so far: :worried:

I'm surprised so I changed the channel back and took some of the Spidey stuff off:

 

[Bquat]

Starting to look like yesterday's news is being rejected. So, I have no idea of direction so a box it is:

 

[Bquat]

Testing in the box technology already. Spidey is concerned with this complete rejection: :worried:

 

[Bquat]

Staying 100 G fund growing my lily pads for May.

 

[Bquat]

What do you think A or B? Chart:

 

[Bquat]

Testing in the box technology already. Spidey is concerned with this complete rejection: :worried:

The only thing stopping Spidey's A/B (dash lines) prediction again is maybe a Plunge Protection Team buy in. It looks like that to me (see the black line) both times we get below 20% loss: :suspicious:

 

[Bquat]

The only thing stopping Spidey's A/B (dash lines) prediction again is maybe a Plunge Protection Team buy in. It looks like that to me (see the black line) both times we get below 20% loss: :suspicious:

Plunge Protection Team will have to do a bigger buy to stop the breakout confirmation. Another lower gap fill. Will smart buyers continue to buy at these levels to try to turn this to cover their yesterday losses? I don't trust this but that's me: :notrust: