Bquat's Account Talk

[Bquat]

I think we're close enough to the bottom and to me I had a complete Longerterm loss. Longerterm Chart:

 

[Bquat]

Not much strength yet. Chart: :blink:

 

[Bquat]

So, in review why we lost the tug-a-war between Election talking points and real life:

1. Ex FED chairwoman Yellen tried to push that Inflation is transitory and then that it was coming down The rate of rising inflation was decreasing not Inflation itself

2, They had FED chairman Powell say there will be rate cuts Well Consumer Price Index continued up and the other FEDs didn't get the memo

3. It was put out there was going to be a cease fire in Israel No things exoculated increasing the chance of oil production to be affected.

And I was expected an election run up I was wrong

 

[tsptalk]

And I was expected an election run up I was wrong

We might have to wait until June.

This chart only goes up to the 2016 election, but it's over a century's worth of data showing how the Dow Jones performed during an election year.

 

[Bquat]

Looking better. I was thinking my 100 SMA was the Dead Cat Bounce line, and we are above that. I didn't show the small gap up because of yesterday's top tail. Chart:

 

[tsptalk]

Nice work. The 20-day average fell below the 50-day which generally triggers an oversold bounce, so now what? I like that the 50-day average is still flat and hasn't turned down much yet.

 

[Bquat]

Some profit taking but still within the norms. Chart:

 

[Bquat]

Wait! GDP down? Isn't the good news for Powell's talking points? Shouldn't this be good news on the TUG side of the Tug-A=War? Well, I redrew my Midterm anyway: :cheesy:

 

[Whipsaw]

Bad news is good news, unless it's not. :blink:

 

[Bquat]

Main Engines are lit but Houston has not confirmed liftoff. The resistance above seems to be strong. So slow and steady. Just playing with NASA and feeling some strength. Chart: :blink:

 

[Bquat]

Well, not exactly the blastoff I was expecting, and I was hoping at least a little higher today. I put a flat line so we could watch the flat 50 SMA. Chart:

 

[Bquat]

Starting to redraw things for May, with maybe a weaker economy. Well with the new Lonterm, maybe a less chance of gap fill. Leaving Midterm the same for now. Thinking the correction is already in, I am not thinking go away for May ​and keeping a slightly Bullish outlook because of the election. Pre-May Chart:

 

[mmk119]

I hope the long term channel is not downward; but, at least its not as steep as the last chart. :biggthumpup:
thank you for the analysis.

 

[Bquat]

Top of my Midterm Channel looks to be right. We just got over good resistance. Chart:

 

[Bquat]

Ok what just happened :blink:

 

[tsptalk]

Bond market distraction. All better now.

 

[Bquat]

I am still here licking my wounds. Yesterday was good news followed by bad news making topping tail in about an hour. I like how today filled its own gap and near it's high back above resistance. My May chart:

 

[Bquat]

Sorry I have been at appointments in the morning the last couple of days.

 

[Bquat]

I made the sideways consolidation box higher because of today's action. Chart:

 

[Bquat]

We had a breakout of the consolidation with a potential of P1 and a gap fill. I am concerned with the half selloff already. Chart: :smile: