Bquat's Account Talk

[LTJPFED]

Up against resistance, not sure we head to the 50 or chop around today, weakness this morning but could be either jobs report hesitancy or maybe early profit taking....maybe both

Maybe all charts head to their 18 DMA, before shooting higher next week, idk

I think eventually we head back to retest bottom of range but just my guess, and wishful thinking to get a chance to buy back in next week lol. :cheesy:

Chart looks great though!

 

[Bquat]

Now what looking better than expected and pile on end of day. Should I bring up the blue line to the bottom of the green candle (left) equal to today's high and turn it red:

I turned it red. Was yesterday just news pop? I don't know: :suspicious:

 

[Bquat]

Back to the middle of yesterday's candle, then indecision: :blink:

 

[Bquat]

Lower High held as resistance, and I adjusted the Midterm box: :cheesy:

 

[Bquat]

Lower High held as resistance, and I adjusted the Midterm box: :cheesy:

Still checking if Lower High line is relevant: :blink:

 

[Bquat]

Still playing with Midterm. Has it become a "F" flag which is bullish until it isn't: :suspicious:

 

[Whipsaw]

Could it be a massive bear flag off the high? Next leg down would be a doozie!

 

[Bquat]

Still playing with Midterm. Has it become a "F" flag which is bullish until it isn't: :suspicious:

The tails yesterday and today make my Midterm lines look to be right:

 

[Bquat]

Still playing with Midterm. Has it become a "F" flag which is bullish until it isn't: :suspicious:

Now it isn't. The down move is even accelerating. With bonds going down also are traders going to cash or starting to exit the US market. I don't know but this could go bad quickly but I don't know why Spidey isn't sounding any alert. Is he exhausted in trying to figure this market out also? Will the Plunge Protection Team try to stop this: :suspicious:

 

[nasa1974]

The good news is where that gap is today, we can only go up from here to fill it.

 

[bleeck]

The flip side to that is it can continue to drop and have more GAPS that need filling at some point in time.
When that time is no one knows. The trend is down and really no reason to stop. Hope is in a chest and hiding
from the falling knives (global markets). Dust mask still employed and waiting patiently for it to settle.

 

[Bquat]

Spidey sense is giving me an alert and says we will need Plunge Protection Team help

 

[Bquat]

Spidey sense is giving me an alert and says we will need Plunge Protection Team help

Spidey is calling this a fishing pole line in water pattern. :cheesy: If we are fishing for Pearch we could be ok if the Plunge Protection Team starts buying now. If a catfish bites it a roll and straight to the bottom. This is really an increase in traders piling on to the bearish side. JMO:

 

[Whipsaw]

When did that gap show up? Since the Covid drop? The Power Point line is confusing me, we have to build slides? Just kidding, Gov't humor. If my massive bear flag theory holds, we have another 250 pts to go on your chart.

 

[Bquat]

Spidey sense is giving me an alert and says we will need Plunge Protection Team help

No PPT help and I moved the line up and made it a red line where it acted as resistance two or three times. Established a Lower High line as potential longterm ( Catfish) channel. Today's action was not good because of rate hike fears and it wasn't really a buy the dip day::worried:

 

[Bquat]

I will probably redraw the midterm tomorrow. I hope this is an exhaustion move and not an acceleration of selling but Spidey is 60/40 with the catfish thingy. Just me guessing here because I have become an untrusting person on this current market

 

[Bquat]

Redraw of Midterm channel. Support has now acted as resistance: :blink:

 

[Bquat]

Little Bear flag. I will put back the red line if we get below it again. I am trying a bottom here but don't know if the Fed move is figured in yet: :notrust:

 

[Whipsaw]

Near term bottom? Recession may take us much lower...

 

[coolhand]

Historically, recessions are not declared until nine months (on average) after they started.