Bquat's Account Talk

[Bquat]

I was referring to just the S fund because that is what I'm in.

 

[Bquat]

Seeing some weakness today but I have us embedded to the upside. I don't think anything is broken and that this dip is being bought. JMO:

 

[papahotel66]

Men, Whipsaw Wednesday is here...

 

[ToddB]

I pulled more off 70G 20S 10C
IFT COB 2-10


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[papahotel66]

I meant "Man," I did not mean to exclude the better gender:smile:

 

[Whipsaw]

Did somebody say Whipsaw?

 

[Bquat]

Yesterday's weakness was not enough to take us out of being embedded. Staying 50/50 S/G:

 

[Bquat]

Ok, what just happened

 

[flalaw97]

Right? It was like the clock struck noon and everybody hit the sell button...

 

[Bquat]

Still embedded no damage done today. F flag forming or are we rolling over? Watching where the dips find support on tip test line :

 

[Bquat]

Still embedded no damage done today. F flag forming or are we rolling over? Watching where the dips find support on tip test line :

Going with F Flag. Shorter tip this morning:

 

[Bquat]

Going with F Flag. Shorter tip this morning:

Oscarism: "F Flag is bullish until it isn't". So I will be staying in and not doubling down while this F Flag continues with a 60/40 chance of breaking to the down side in a normal market. JMHO :cheesy:

 

[Bquat]

Oscarism: "F Flag is bullish until it isn't". So I will be staying in and not doubling down while this F Flag continues with a 60/40 chance of breaking to the down side in a normal market. JMHO :cheesy:

Redrew F Flag. Staying embedded to the upside:

 

[Bquat]

Oscarism: "F Flag is bullish until it isn't". So I will be staying in and not doubling down while this F Flag continues with a 60/40 chance of breaking to the down side in a normal market. JMHO :cheesy:

Now that the F Flag has broken down, I am trying a Midterm channel riding on the top of the Longterm. Yes we are unembedded but I think we are at a support area on the Stochactics RSI that was good for a couple of weeks last time. Also being only 50% in S Fund this 2% drop isn't that bad for me.:cheesy: I think we are testing double support and possible gap fill / 13 ema and 60/40 chance of bouncing right here. Just my guess::blink:

 

[quabit]

Thanks Bquat for the charts. I was about to pull the trigger and move to safety and may end up kicking myself for not doing it but something is telling me to stay the course. Maybe it's because I normally jump early and get burned or the fact that there will be more stimulus talk over the next couple weeks if they are wanting to get something in place before the unemployment runs out. That's a lot of liquidity hitting in addition to what the Fed is doing. Seeing yours and Coolhands charts and knowing the NAAIM is bulled up I'm deploying sticky pants for now as I think we are just cooling off from the over bought conditions. Fingers cross hoping I'm right. :blink:

 

[Bquat]

Decision time. Dropped below current Midterm channel. Confirming being unembedded and currently below the stochastic RSI range that was staying above 60 for a couple of weeks last time. Good things is that gap is filled and we're testing support on both my charts (can't show FSC.com chart). Being only 50% in I am holding watching for buying the dip gets us back above the 13 EMA and wish we could get back into the Midterm channel.:worried: I need the big reversal from here::notrust:

 

[Bquat]

60/40 chance of going down but I am sticking 50S/50G thinking we may be on support::suspicious:

 

[Bquat]

Decision time. Dropped below current Midterm channel. Confirming being unembedded and currently below the stochastic RSI range that was staying above 60 for a couple of weeks last time. Good things is that gap is filled and we're testing support on both my charts (can't show FSC.com chart). Being only 50% in I am holding watching for buying the dip gets us back above the 13 EMA and wish we could get back into the Midterm channel.:worried: I need the big reversal from here::notrust:

Everything was going as I wished until the last half hour. Missed it by that much. Maxwell Smart

 

[Bquat]

Decision time. Dropped below current Midterm channel. Confirming being unembedded and currently below the stochastic RSI range that was staying above 60 for a couple of weeks last time. Good things is that gap is filled and we're testing support on both my charts (can't show FSC.com chart). Being only 50% in I am holding watching for buying the dip gets us back above the 13 EMA and wish we could get back into the Midterm channel.:worried: I need the big reversal from here::notrust:

We did fill the gap and closed above the 13 EMA and got the big reversal this morning:

 

[Bquat]

Glad we stayed above the Dead Cat Bounce line but at a little resistance. 50/50 with a tad bullish flavor::cheesy: