Bquat's Account Talk

[Bquat]

I'm ok. :cheesy:

 

[Bquat]

Looking better. Chart:

 

[nasa1974]

So which way do we go? It looks like we just touched the bottom of the Multi-Gap and we still have the gap below todays run up. This week is set up just like the week of the MLK holiday. Five out of seven Fridays have been green.

 

[Bquat]

Well two things:

1. We just confirmed yesterday's buying
2. Something new today's range is right in the three gaps area

This may be sustainability. Chart:

 

[Bquat]

Sitting right in the middle of My Longterm like a coin in the air: Chart: :blink:

 

[Bquat]

Some more gains today to bring us above the Multi-Gap area. Chart:

 

[Bquat]

Trying to build support at the higher level. Chart:

 

[Bquat]

I am out of pocket today so Whipsaw fix it. Whipsaw Wednesday

 

[Bquat]

Well we didn't get the Whipsaw action I expected but we did get Gap Fill. Chart:

 

[Bquat]

Well my Midterm Channel still seems to be going upwards. I am concerned that we are getting topping tails especially as we are at the Higher High line. I didn't put a gap because of the previous top tail covered this area. Trying to find support. Chart:

 

[Bquat]

Well I mentioned my concern about top tails. Crossing both Gap areas and buying back gives me a wonderful bottom tail. So does the market want to go above the Higher High line? We will see. Chart:

 

[Bquat]

Well, breakout above the Higher High line and showing more strength. Chart: :smile:

 

[Bquat]

Well, breakout above the Higher High line and showing more strength. Chart: :smile:

Wow, even I am surprised with the power of today's move. Staying near the new high into today's close. Yes March. Well now I have to wait a few market days to draw a March chart.

 

[Bquat]

Damn I hope I didn't jinx it. Shhh Nasa no gap.

 

[Bquat]

Wow, even I am surprised with the power of today's move. Staying near the new high into today's close. Yes March. Well now I have to wait a few market days to draw a March chart.

Well, found out Friday's strength was news related about possible rate cut. I am excited about today's bottom tail as we test a shoulder resistance level. Chart:

 

[Bquat]

No gains today and I don't know direction for tomorrow. So, hedging my bets by spreading out the Midterm a little and flipping a coin. Chart: :cheesy:

 

[Bquat]

Ok the coin toss isn't in my favor so I will play with this: :blink:

 

[Bquat]

Here we go. Chart:

 

[FAAM]

FWIW - Tom has a line on his $DWCPF chart from DEC'23 highs across mid-FEB highs that at this point is roughly 2030: today's market blew down below that then roaded up to 2030 & now back down in 2020 area. Seems to me to give that line validity but has gone from possible support to proven resistance.
I'm no high-roller; was majority in G-fund until I moved to majority mix of CSI late last week, & not feeling too comphy. Almost bailed out today, yet was iffy on being able to get the IFT in oin time, and decided, reading here & Tom's Daily and others - to stick it out for now - and hope. :worried:

 

[Bquat]

Oh well. Chart: