Bquat's Account Talk

[Bquat]

Breakout of blue triangle is confirmed

 

[Bquat]

Had to do a quick draw. Are we there yet? Chart:

 

[Bquat]

Had to do a quick draw. Are we there yet? Chart:

Another quick redraw. This is even above my expeditions. Chart: :nuts:

 

[Bquat]

Double Top. Longer-term Chart:

 

[Bquat]

I don't know but it looks like a "W".

What do you think?

 

[nasa1974]

Hate is too strong of a word, so I'll use dislike and maybe put strongly in front of it just for clarity. I strongly dislike the TSP noon cutoff and second to that are GAP's. Finally making some progress in the "S" fund and now there are two not one but two dislikable GAP's. :angryfire:

 

[Bquat]

Yes, NASA two gaps to worry about.
I have two things to think about:
1. Two gaps to draw us down
2. A bullish crossover both my 50 SMA and soon my 20 SMA
I have already followed the market down and back up twice and thinking about protecting myself. I think things are getting more bullish with the increase chance of a rate cut. Since I have been caught twice with the news going 180 on me, I added an exit line to save my gains.

I have got back my May and June losses.

 

[rangerray]

Congratulations for that!!



Scott Harrison
Senatobia, MS

 

[Bquat]

Wow a breakout above the double top. I even raised my exit (Parachute) line. Market is acting even more bullish or is this an exhaustion move. Bullish crossovers of simple moving averages continuing. Longterm adjusted. Chart:

 

[tsptalk]

Good stuff, Bquat!

This is new. No more advance / decline divergence as A/D moves to 3 year high.

Chart provided courtesy of www.sentimentrader.com

 

[Bquat]

I spread out the timeline a little to show a couple of dream lines:

 

[nasa1974]

I have got back my May and June losses.

After Fridays close, I had to go back to the end of March to beat my yearly high. After today a new high point. Who knows what tomorrow will bring. I hope not a gap filler.

 

[Bquat]

I spread out the timeline a little to show a couple of dream lines:

I had to raise Longterm again.
Well Powell's talking point is now rate cut will come even though inflation isn't 2%. Wonder why's that but I'll take it. I raise my possible exit point again also. As Birtchtree used to say is everone going to catch the train as it leaves the station. Chart: :nuts:

I don'y know what's happening but I love it.

 

[Bquat]

Even higher. This is not a double top because the left side is not the top. Wow, the dream is alive:

I didn't put gaps because of top tails the days before. :cheesy:

 

[nasa1974]

I hope this meteoric rise doesn't come crashing down in a bunch of flaming debris. :wall: But I'll ride this train as far as it will take me.

 

[felixthecat]

I hope this meteoric rise doesn't come crashing down in a bunch of flaming debris. :wall: But I'll ride this train as far as it will take me.

Feels a lot like a blowoff top to the market. Also…i entered the S fund 100 percent so expect a crash this week. Sorry folks…just warning you guys early.

 

[Whipsaw]

That's where I was at, held in the C fund though. Don't think it's a blow off top, it should keep going - I just can't see the S-Train continuing to run at this rate. Gimme a dip! :cheesy:

 

[Bquat]

I don't know what's going on, but I can't raise the Longterm Channel any higher so, I faded it. I created a New Term Channel because it's more bullish with more buying and larger candle. Rocket Chart: :nuts:

Well, my guess until someone smart explains it. :cheesy:

 

[Bquat]

I don't know what's going on, but I can't raise the Longterm Channel any higher so, I faded it. I created a New Term Channel because it's more bullish with more buying and larger candle. Rocket Chart: :nuts:

Well, my guess until someone smart explains it. :cheesy:

Ok cleaned up chart to watch for Whipsaw Wednesday. Maybe an overshoot yesterday but I think it will continue because of larger up candle. Chart:

 

[Whipsaw]

Did somebody say Whipsaw?