Bquat's Account Talk

[rspring]

This feels like a breakout to me. Time will tell. That's why deadlines suc....K.

 

[airlift]

No move for me:

I'm watching the SPX. Right now it might be at the 1888.58 level. Checked again, it's 1888.67. I hope that this afternoon it goes down. Thanks.

 

[Bquat]

This feels like a breakout to me. Time will tell. That's why deadlines suc....K.

We are above 1885 which midterm is bullish. We tested the purple line two times and will see if the third time is the charm. I feel this is news based on best case scenario with Putin. I can't fight what I think is only a news based move. Especially right at the deadline.

 

[Bquat]

Sorry guys I've been watching these levels closely today. I think we're 70/30 more toward a triple top reversal than a triple top breakout::worried: We peaked too quickly today and it may be a bear trap (exhaustion move)::suspicious:

OK I'm OK

 

[airlift]

OK I'm OK

When you say, "OK I'm OK" do you mean that you are confirming your opinion that we're 70/30 more toward a triple top reversal or that it may be a bear trap (exhaustion move)? That is, the stronger possibility is that TZA will close with gains to the upside? Tia.

 

[Bquat]

When you say, "OK I'm OK" do you mean that you are confirming your opinion that we're 70/30 more toward a triple top reversal or that it may be a bear trap (exhaustion move)? That is, the stronger possibility is that TZA will close with gains to the upside? Tia.

Just saying I'm ok because I didn't enter on today's bullish move that I didn't trust. It was both a triple top reversal and a bull trap to try to get dumb money to buy in. You couldn't see the triple top because the candle got shorted as the day progressed. Now this is what I got and there's a good chance we'll break below the top yellow channel. I changed it to yellow because tomorrow I'll try to make a current channel. White is usually used for the current channel. So I showed you mine and now show me yours: The movement to 1830 is a 40/60 chance. 50/50 on the 50.

 

[Bquat]

Triple top: Shows it better. It touched the Violet line earlier but the candle shrunk after the hour. Look at post 7284 to see the touch.

 

[JTH]

Buying volume was heavy on TZA, the air is getting thin up there, that 1880ish double top is a key level for the markets, I'm not sure if we're ready to take it out just yet, perhaps a minor relief rally is in order.

View attachment 28548

 

[Bquat]

Looks like the 50 day held the first touch and the market is trying to remake a 50 day supported channel::notrust:

 

[Bquat]

On break watering trees.

 

[Whipsaw]

Is there beer involved? :nuts:

 

[Bquat]

Is there beer involved? :nuts:

No. Quick break from watering. No entry today and lowered midline where the market needs to get above again::notrust:

 

[Bquat]

This is an "all you want to know Rounded Top, Sideways in Price Consolidation, and Projection Chart": Brought to you by YouFigureItOut.com

 

[Bquat]

Zoomed in for Monday with odds of breaking the price range by Wednesday:

 

[OBXTrader]

Are you looking for a close above 1884 on Monday for confirmation or something earlier on Monday? For example low volume and narrow range?

When I am in the G Fund I have only one decision, in or out of market. Were I in the F Fund, I would have two decisions, jump to G Fund or Equities. More to consider like what happened on Friday, F Fund giving back gains for the first time in a while.

Zoomed in for Monday with odds of breaking the price range by Wednesday:

 

[Bquat]

Are you looking for a close above 1884 on Monday for confirmation or something earlier on Monday? For example low volume and narrow range?

When I am in the G Fund I have only one decision, in or out of market. Were I in the F Fund, I would have two decisions, jump to G Fund or Equities. More to consider like what happened on Friday, F Fund giving back gains for the first time in a while.

How did you know I was widening my price range? I'm looking for bigger movement buy Wednesday. I'm expecting stocks to go down but don't fully understand the lack of move to bonds. I am trying the orange triangle and figured that I may have had the price range a little narrow compared to it. I playing with the bottom line of the orange isometric triangle by thinking to changing the orange line to where the red line is:

 

[Bquat]

Are you looking for a close above 1884 on Monday for confirmation or something earlier on Monday? For example low volume and narrow range?

When I am in the G Fund I have only one decision, in or out of market. Were I in the F Fund, I would have two decisions, jump to G Fund or Equities. More to consider like what happened on Friday, F Fund giving back gains for the first time in a while.

Let me try this again.:suspicious: I'm am looking for a move that may not be based on Putin saying one thing to stall any UN action while he decides if he's going to do what he wants to do. You say something that stops the wheels turning and it takes longer to get the wheels turning again. Just like the nerve gas turnover deal. Markets are so news based with the high speed computers. Nobody wants to commit and enter if it can be taken back out in a day. :notrust:

 

[OBXTrader]

I am living rent-free in your head my friend. 1884, 1884

I jumped from G Fund to L2050 on Friday for two reasons, bonds were falling along with the VIX. The bears tried hard to pull the market down early in the morning on a traditional Friday of uncertainty, yet were unsuccessful (no offence to Tom). I just assumed this week would be a lower news driven week and in the absence of information, a sideways market will move up. It wasn't sexy metrics or charts, just what I saw at 11:59AM when I hit "submit" on my TSP.

and the absence of

How did you know I was widening my price range? I'm looking for bigger movement buy Wednesday. I'm expecting stocks to go down but don't fully understand the lack of move to bonds. I am trying the orange triangle and figured that I may have had the price range a little narrow compared to it. I playing with the bottom line of the orange isometric triangle by thinking to changing the orange line to where the red line is:

 

[Bquat]

OK? This is surprising to me. Did not expect the move to be so soon or so robust. At the 1 % hesitation point already. Now what? This can't be another bull trap like last time.:suspicious: So what's the news?

 

[Birchtree]

No news, it's a bull market. Most surprises will come on the upside. The market has gone through several sector consolidations and has been reset for a continued bull run, IMHO.