Bquat's Account Talk

[Bquat]

Bottom of the box held as support but not the Black Channel. Prospects are 60/40 down but only the shadow knows: :worried:

 

[Bquat]

Well, some news event just went 180 to what I was expecting. Back right up to my 50 DMA resistance. No move for me. So, let's see what will happen probably right after our decision cutoff: :blink:

 

[rangerray]

It looks like maybe todays rally is holding up. Ordinarily that would give me optimism for the next day, but…you know.


Scott Harrison
Senatobia, MS

 

[Bquat]

Still in the box and may be slightly above my 50 DMA or did it just decline a little below today? still have top of box, Lower High line and Dead Cat Bounce line as resistance: :suspicious:

 

[Bquat]

I will be out of pocket this morning. Going to see my toes tech. Once every four weeks keep ingrown nail away. Today's pop and drop is concerning.

 

[Bquat]

She said she would be a little late so a free quick chart from Iguessem.com. Gap filled so maybe there's nothing to draw us up, but it is a test of the 50 DMA from above: :blink:

 

[Bquat]

Well it kind of looks like a pump and dump gap fill to try to trick buyers to buy in. It was a selloff after reaching the 18 DMA. Not even a try on my Dead Cat Bounce line. Not a follow through on the selloff either. Slightly below the 50 DMA or considered setting on it maybe. Nothing really bad here but could be considered a false breakout if there's no buying tomorrow. Where's that coin: :cheesy:

 

[Bquat]

Well, this morning was looking better even looked like a good test of the 50 DMA from above but no it now looks like a double top false breakout. I don't know what to tell you, but the coin may be tails: :worried:

 

[Bquat]

Not looking good Lower High not holding again as support. Maybe black higher low will: :notrust:

 

[Bquat]

News popped us out of the box. If we don't pop back in the box in the morning, I will try a new Midterm channel:

 

[Tsunami]

Wow, I don't think I've ever seen a bearish engulfing candle that engulfed the TEN previous days before. Yikes.

 

[bleeck]

Come on let it fill that Gap under 1800

 

[Bquat]

This morning's action is confirming yesterday was not an overreaction to the news so my chart is relevant. Spidey sense is in effect

 

[Bquat]

I am a little bearish today and Spidey is more bearish. I am thinking top of the gap or gap fill would be enough. Spidey is considering blue line but as always who can predict lately is a news-based market: :worried:

 

[Bquat]

Let's not even look at Spidey's chart he's way too bearish for me:

 

[Bquat]

Spidey is not always right but sometimes he saves me from being stupid. I believe him 60/40 enough to keep a look out for the possibility.

 

[Bquat]

I am a little bearish today and Spidey is more bearish. I am thinking top of the gap or gap fill would be enough. Spidey is considering blue line but as always who can predict lately is a news-based market: :worried:

Well, I am right about Gap fill but no buy afterwards. Not popping back up into my Orange Channel and the close at the bottom of the gap can lean more to Spidey being right on Monday:

 

[Bquat]

Another 4.5 percent down the S fund will be in a recession right?

 

[retread]

Another 4.5 percent down the S fund will be in a recession right?

I have ben looking at the monthly charts and they are putting in bear flags. I've been saying that I would not be surprised to see markets test the huge monthly break up candle from just after the election, Nov 2020. That was a former breakout area and markets like to retest areas where they either broke down from or broke out from. That's another 15% down on the C and S funds. April was supposed to be one of the strongest months and we are in a midterm election year where historically markets are weak from about now until later in the year. So we may get there, but heck, what do I know?

 

[Bquat]

Well down to Spidey's original prediction before his doom and gloom chart. So, I went back to this Longterm Chart. A pop down this morning and gap fill back up may be our savior but beware this did complete the Head and Shoulders pattern, so I am leaning 60/40 bearish. It's just a feeling because of Spidey: :blink: