Bquat's Account Talk

[Birchtree]

Ah, it's not so bad. There are better days ahead and the market is setting up for those moves.

 

[Bquat]

Well I'm now at about 3.5% down.:embarrest: We must get back to 1845 and close above it or we get very bearish. I may sell the DCB tomorrow if there is one. I really thought the 50 day would hold again. Here's the charts:

 

[Scout333]

Easy BQ, Every time I have reacted to a short term loss I have taken it in the shorts. Think seriously before you bail. JMHO

 

[Bquat]

Fibonacci Retrace Chart:

 

[Bquat]

Well I'm now at about 3.5% down.:embarrest: We must get back to 1845 and close above it or we get very bearish. I may sell the DCB tomorrow if there is one. I really thought the 50 day would hold again. Here's the charts:

Make that 2.21 down. I forgot that I'm only 1/2 in: So not as bad.

 

[Bquat]

Nice bottoming tail at 50% retrace: Will this be good enough to propel us back to where we need to be?

 

[Bquat]

If 4 is to 3 as 2 is to 1 we may be OK::blink: 50 retrace tested as support:

 

[JTH]

If 4 is to 3 as 2 is to 1 we may be OK::blink: 50 retrace tested as support:

And 5?

 

[Bquat]

And 5?

I know. That's the big worry. I don't want a 5 and I think shorts may cover at 1840: You know how I am when I'm it.

 

[Bquat]

JTH can I use your 1828 as a rallying point? Or my 1842?

 

[Bquat]

Staying in at 50% risk.

 

[JTH]

I'm not optimistic about 1828, 1775 looks strong

View attachment 28111

 

[WorkFE]

1775 looks strong

And likely.

 

[Bquat]

I'm not optimistic about 1828, 1775 looks strong

I have nothing: I'll wait a while until a bottom is made.

 

[OBXTrader]

Since I just put some skin in the game, wondering isn't this chart showing 1818 (1815) still valid? Think the long game my friend.

JTH can I use your 1828 as a rallying point? Or my 1842?

 

[JTH]

Since I just put some skin in the game, wondering isn't this chart showing 1818 (1815) still valid? Think the long game my friend.

The price levels in my signature block are based off of Fibonacci levels, I consider them guides rather than hard levels. The bigger question we have to ask ourselves is when will we run out of sellers and where do buyers want to step in. The 1795 level looks reasonable based on the 6-Month trendline running along side the 150 SMA

 

[Bquat]

Since I just put some skin in the game, wondering isn't this chart showing 1818 (1815) still valid? Think the long game my friend.

1812-10 maybe.:notrust: 40/60 chance maybe:blink: I redid this chart more closely. I'm kinda in the doubt mode right now.

 

[Bquat]

This was a 10.2% pipe dream I was looking at but only a 24/76 chance.:notrust: I have no Idea why the bond market has not started to shift to equities.:suspicious: Even Oscar has turned 180 short term. So negative we are positive is the market yes????? Chart provided by DreamaChart.com :

 

[Bquat]

Charts for Monday:

 

[Bquat]

Zoom in for today's action: