Bquat
TSP Talk Royalty
- Reaction score
- 423
You never know missing a cut off may work out. If we break this resistance the bears will have to cover. Building a high base would be nice too. Recent bull channel looks good though. cross fingers.
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Or you can now use TapaTalk again!Bquat's Account Talk
- Thread starter Bquat
- Start date
Bquat
TSP Talk Royalty
- Reaction score
- 423
45 min. after deadline is when the market moves. When the big money see's the TSP people exit they'll buy.:suspicious:
I talked about this before. The people that handle our funds use our moves as indicators or contrary indicators or dumb money as you would say. I don't want to offend anyone here but it happens. I've been seeing it for a while now. That's why our fund managers like our deadline.
Bquat
TSP Talk Royalty
- Reaction score
- 423
This isn't acting like a double top. It's acting like a market wanting to go higher and I marked the green candle after resistance being tested as support. Only time will tell. Maybe soon? Maybe I'm over charting again but we're at a critical point again.
Mcqlives
Market Veteran
- Reaction score
- 24
critical point... and now Israel is beating the war drums on Iran. This market action can turn news driven in a second.
Bquat
TSP Talk Royalty
- Reaction score
- 423
Tomorrow we'll try again to break resistance. I think we just had a little bullish pull back and hope people do take profit tomorrow.
I think I got the moving averages here.
$INX - Stock chart, Index chart - MSN Money
Here's the charts:
ILoveTDs
Analyst
- Reaction score
- 10
Man it's quite tonight.
So let me see if I can read a chart. Are we saying 1386 we hit the Orange line and get out? or are we shooting for the top purple line off the chart to get out?
Sorry maybe I don't understand (PUI), please dumb it down for me if possible.
Bquat
TSP Talk Royalty
- Reaction score
- 423
The orange lines are just the current trend off the orange 13 day holding. The exit is breaking below the bottom orange line., double top or big topping tail after we break the two red lines. I put the orange channels back in because we broke above the white channel to show the current bullish move. Looking at how you're doing, you must have figured something out when it comes to the correct decisions. Purple line is possible if we turn the monthly's positive.
Bquat
TSP Talk Royalty
- Reaction score
- 423
1392/95 exit. How's that?
ILoveTDs
Analyst
- Reaction score
- 10
1392/95 exit. How's that?
I'd love a 1395 exit!
so what are you saying as of this moment, 1395 cash out? 1368 bail?
everything changes, I just want to know what you think now?
ILoveTDs
Analyst
- Reaction score
- 10
Orange top is above both red lines, so assuming unlimited IFTs is that an out? Or are you solely using orange as a bail, being more aggressive? Sorry if I don't understand I'm just learning charts and you tend to be the one most willing to share.
Bquat
TSP Talk Royalty
- Reaction score
- 423
That's the $1000.00 question. If this rally gets up there I have a 80/20 percent chance of cashing out.If we don't break the red lines and the bottom orange line doesn't hold it would be a 60/40 of being my exit point. I have only one IFT left and the 100 day is still a possible good bounce point after a correction from this level. Also my exit points haven't been too spectacular. That about all I can narrow it down to.
Bquat
TSP Talk Royalty
- Reaction score
- 423
I am only using the orange lines to show the short term channel of the short term move. The white channel is normally the current channel of my time frame and the purple channel is normally the long term channel or the lines from the last peaks or bottoms which may be the biggest long term resistance or support lines. The white channel is the nomal sell and buy points with only having two IFTs. Small channels that are normally within the the white channels are normally yellow or orange and are short term. I normally refer that they are supported by the 5 (yellow) or 13 day (orange) bullish and say not supported by the 5 or 13 day when the are being blocked by the moving average. Purple and bluegreen I also drawover with to show things like wedges or triangles because they show up over the candles well.
Bquat
TSP Talk Royalty
- Reaction score
- 423
Also Technical Analysis hasn't been as effective as a trading tool since the increase use of super computers. Also in the past few years with how fast the market can turn on a dime on the news, with everybody but us able to use stops, our gains are limited and the chance of being caught in a bad move is greater. We are very limited with 2 IFT's and take risks trying to stay in the market because we know if we get out it can be two to three weeks before we can get back in. My TA was bad for a while because of gloom and doom news and family concerns. I am now trying another time to get my MOJO back.Similar threads
