Bquat's Account Talk

[Bquat]

Things looking better increasing the 60/40 chance bottom is going to hold again but I don't know if it's plunge protection team at work here. As I have said that I have been too bearish and unable to reengage. That being said I have my bearish guesses on the chart: :notrust:

 

[Bquat]

With a color change this is the more bullish of my bearish scenarios to N1. 40/60 possible large Inverted F Flag which is bearish until it isn't. Just to guess both sides. :cheesy: So next week watch Dead Cat Bounce line for movement back up or a break down:

 

[Bquat]

So my guesses are in for January.

 

[Bquat]

Need more buying to come in right now for the Inverted F Flag to be relevant. Spidey is 60/40 concerned because this is a breakdown out of the sideways consolidation (rectangle) pattern to continue the downside. Only positive thing is we have a gap above to fill later. This is a Spidey sense warning:

 

[Bquat]

Wow the more buying came in. So surprising

 

[rangerray]

Wow the more buying came in. So surprising

Another minute and we might have had a positive close.

 

[Bquat]

I don't know if there is still a Plunge Protection Team, but the big buy back really surprised me. It was even enough to show a false breakout (with today's follow through) of my rectangle and gap fill. This does look better but I myself don't understand such a turnaround. So being me, 60/40 bear flag at red line. This is just my guess: :blink:

 

[Bquat]

I was kind of thinking of a partial entry today but with today's action with a topping tail I don't think so. 60/40 bear flag: :worried:

 

[Bquat]

Chart::suspicious:

 

[Whipsaw]

Didn't end well today. :notrust:

 

[Bquat]

Didn't end well today. :notrust:

Might be a "W" right?

 

[Bquat]

Well I was thinking "W" but it broke down faster and further than expected. Little below the N1 and now we have to watch the bottom of the channel and N2: :blink:

 

[Bquat]

Look at that top tail. Playing with Midterm. We are now below support: :worried:

 

[Bquat]

The other day we had a sudden buyback without a reason. Today it happened again when we get below an earlier bottom. Is there a Plunge Protection Team working again or did something good happen to negate today's big drop?

 

[Bquat]

Back in the channel. Chart:

 

[Bquat]

No Plunge Protection Team buy? Lower low set. Is Longterm broken: :worried:

 

[Bquat]

Extended Midterm out a little to maybe project a little. There is a lot of gaps below N 4. N 4 was the Spidey (40/60 worst case) projected level from the rectangle consolidation. I am not as bearish as he was at that time but who knows? I am hoping N 3 starts shaping up as a bottom::notrust:

 

[Bquat]

Well, my guess is in what is yours? :notrust:

 

[Bquat]

Not liking today's action at all prompting a redraw to show acceleration downwards with Midterm. Spidey is worried: :worried:

 

[Bquat]

Not liking today's action at all prompting a redraw to show acceleration downwards with Midterm. Spidey is worried: :worried:

Cleaned up chart for you. Of concern to me is the buyback failed: