Bquat's Account Talk

[Bquat]

Both channels still doing good. The top of the small channel is showing weakness and the bottom of the small channel is showing strength. I guess I'll stop trying bull flags at the top. Thought we would break out today but wrong. Market top is being used as a short trigger and the bottom is used as a go long trigger. Tomorrow maybe we can do it.

 

[Bquat]

Keep an eye out guys this may be a topping tail.

 

[Bquat]

Can't decide if I wan't to use my G fund option for a quick out and in with my two new ones or ride this baby for a correction.
I moght ride it. See what today brings.

 

[Bquat]

Looking for bottom of small white channel to hold and drew my bottom line (blue) at my 13 dma.:worried:
The large channel has been a good one so it should hold also and if FED news is good either would be an excellent bouncing to new highs levels. Remember corrections of less than 1% have been the rull lately.

 

[Bquat]

Ok, at call it time. A touch and hold at my 5 day is good for the market. Hopefully this is it for the correction and we go up. I'll keep it short. I'm staying in and let's hope for gains.
As always wish I had more time to confirm the market's move.

 

[Bquat]

Feeling better.

 

[Bquat]

Auto tracker is bullish today also hope were right.
TSP Talk AutoTracker

 

[Bquat]

Todays correction was close to 1% from the peak. I made a 1% correction bar and as you can see the top of the small channel to the bottom of the old channel is a little less than 1%. With regaining the small channel nothing is broken. I was concerned that it took more time to recapture it. Volitility seems stronger and remember when the market starts swinging more it's nearer to a direction change. So we may get higher highs and I hope this second correction may bring back some stability.

 

[Bquat]

Todays correction was close to 1% from the peak. I made a 1% correction bar and as you can see the top of the small channel to the bottom of the old channel is a little less than 1%. With regaining the small channel nothing is broken. I was concerned that it took more time to recapture it. Volitility seems stronger and remember when the market starts swinging more it's nearer to a direction change. So we may get higher highs and I hope this second correction may bring back some stability.

Volitility seems stronger and remember when the market starts swinging more it's nearer to a direction change. Sometimes I wish I listen to myself.


Well now to plan exit strategy. If no turn up today or big turnup tomorrow or too late to miss loss and 13 day not to hold. I will exit tomorrow. Too bad that right shoulded formed after IFT time.

You hear it here first:

 

[Bquat]

Can't decide if I wan't to use my G fund option for a quick out and in with my two new ones or ride this baby for a correction.
I moght ride it. See what today brings.

Probably should of used G option. You guys?

 

[RealMoneyIssues]

Probably should of used G option. You guys?

Correction... it's just one day. Big Ben isn't out of POMO, he is just busy on Capital Hill. Friday, once he is back to playing in the market should be good

 

[Bquat]

Correction... it's just one day. Big Ben isn't out of POMO, he is just busy on Capital Hill. Friday, once he is back to playing in the market should be good

My 13 day could still hold and with a bounce this could be the corection the market wants. Some say a short term H&S is a continuation pattern. My problem is seeing a lot of Head and Shoulders and Inverse Head and Shoulders is what Oscar uses when he shows market turning point. Most the time he shows it the next day.

 

[RealMoneyIssues]

My 13 day could still hold and with a bounce this could be the corection the market wants. Some say a short term H&S is a continuation pattern. My problem is seeing a lot of Head and Shoulders and Inverse Head and Shoulders is what Oscar uses when he shows market turning point. Most the time he shows it the next day.

I hope Oscar's paying members get to see it a day earlier. Heck, I could even see a H&S or IHS the day after it triggers... just sayin'

 

[Birchtree]

It's probably just a pause that refreshes. With 725 billion in the latest LTRO - liquidity is plentiful. No fear here as usual.

 

[MaStA]

Chart Master Bquat, I come before you today to request your daily charts for our guidance.

lol! Do you like your new name or what?

Hope all is well and thank you for continuing to provide the awesome charts and commentary.

 

[Bquat]

Chart Master Bquat, I come before you today to request your daily charts for our guidance.

lol! Do you like your new name or what?

Hope all is well and thank you for continuing to provide the awesome charts and commentary.

Thank's but I'm not a Master because the 1% correction shouldn't scare me as much as it did. Well I'm calmer now and even more with getting over the right shoulder. I would prefer it if we got above the new channel but I won't get my wish before decision time. I'm staying in unless a lower low comes quickly.

 

[Bquat]

Since it's call time I'm staying in.

 

[Bquat]

Ok, I'm going with this. False breakout of a triangle bottom and made a higher high. This should be bullish.Here we go cross fingers.

PS again 1/2 hour after decision time.

 

[Bquat]

Still having weak tops but strong buying of the dips. Short term trend is still up.

 

[Bquat]

Topping tail and now a bottoming tail. Wish we could get equal but oppisite effect.