Bquat's Account Talk

[shitepoke]

what did just happen...BQ i can't remember are you in or on the G pad?

 

[Bquat]

I have been living in the G fund for a long time. I still have failure to re-engage I am looking but 50 day area looking like strong resistance and inflation concerns can cause interest rate hikes to happen more frequently than expected just my thoughts

 

[Bquat]

I was wondering what happened because today's gains were almost wiped out in the last hour.

 

[puttfordough]

This is my first try at an upload or comment
Saw this article this weekend - hopefully pics uploaded- has link and a piece of the article as to why things went down on Friday
Speaks to why this could be happening this

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[puttfordough]

Will try once more

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[Bquat]

Direction for today is finally decided to go up. My 18 DMA finally crossed. Will we break out of the February box? I still looking at R 2 as strong resistance and don't think I will jump in: :blink:

 

[Bquat]

Direction for today is finally decided to go up. My 18 DMA finally crossed. Will we break out of the February box? I still looking at R 2 as strong resistance and don't think I will jump in: :blink:

Wow, we popped out of the box. I'm going to call this pop and stop. Finally, a gap up but R 1 is holding right at the top and holding stronger than I expected with the aggressive move up. Still expect 50 DMA and R 2 will combined for strong resistance::worried:

 

[Bquat]

Morning drop has been bought. Stronger follow through today than I was thinking. Coming up to strong resistance earlier than expected. Was expecting 80/20 it would top at R 2 now thinking 60/40 it will hold. You know in hindsight I should have thought about the short trade for the Midterm but lately I've only have hindsight:

 

[mmk119]

hind sight is 20/20... as they say

 

[Bquat]

I did say stronger follow through than I expected. For those that are in a Shooting Star Doji is a topping pattern:

 

[Bquat]

What happened?

 

[Bquat]

What happened?

Inflation 7.1 percent

 

[Bquat]

Was yesterday's pattern just news based and not a topping pattern? I don't know for sure but thinking 60/40 weakness is going to continue in this afternoon trading::worried:

 

[DreamboatAnnie]

Kinda looks like a Bear flag

 

[Bquat]

Kinda looks like a Bear flag

Like this: :worried:

 

[Epic]

Hey Bquat, what's your overall feeling for next week with Options Expiration and the March Rate Hike getting ready to rear it's ugly head??

 

[Bquat]

Hey Bquat, what's your overall feeling for next week with Options Expiration and the March Rate Hike getting ready to rear it's ugly head??

I don't know about options that much I have kind of just fallen into just being a chart guy. The Russian situation may be more of a problem because it is becoming more of a news push to distract from a major inflation problem. ​Rate hikes will help us that sit in G Fund make some gains.

 

[Bquat]

Well the Doji has proven to be a topping pattern after all. The 18 DMA held as support. I haven't changed the Midterm yet because the last two days are completely news generated. So if Russia backs down we could pop back into the channel but will they? Chart: :notrust:

 

[Epic]

I don't know about options that much I have kind of just fallen into just being a chart guy. The Russian situation may be more of a problem because it is becoming more of a news push to distract from a major inflation problem. ​Rate hikes will help us that sit in G Fund make some gains.

Understood:smile:
I don't know much about Options either, but I have noticed that when Options Expiration happens every month around the 19th the market tends to get a little more volatile (sketchy) than normal.
Oh, and I didn't know that "rate hikes will help us that sit in G Fund make some gains". I learned something new. Cool !!! Thanks! :fing02:

 

[Bquat]

I don't know about options that much I have kind of just fallen into just being a chart guy. The Russian situation may be more of a problem because it is becoming more of a news push to distract from a major inflation problem. ​Rate hikes will help us that sit in G Fund make some gains.

So, just admitting I'm just a chart guy I have charted possible Best Case and Worst Case short term channels. What do you think?