Thread: Bquat's Account Talk

So. since I didn't notice the 100 Day crossing the 200 day I went to the daily time frame. So are the odds more likely that the dips will be bought more than the peaks being sold? Daily Charts of the funds:

Ignore the 4 Hour labels in the last charts. Transports:

USO:

Oil fund sure is coiling....maybe we will get a move and have a head form after that left shoulder on the transports! Just some wishful thinking while drinking bourbon on a Saturday night!

Originally Posted by Bquat

Let's call this riding the F Flag for Friday:

Still following the F Flag:

Spread USO out a little to see H&S: Anybody nervous? Need to turn back up soon:

I'm nervous BQ; but I have faith in Wall Street that they want to make a lot of money tomorrow and to do that they need to scare the crap out of us dumb money types. Either that or I'm about to lose my shirt...

BTW: Thanks for the charts as always. Always appreciated BQ.

FS

Yep...USO doesn't look so good. I usually do not follow this chart. Out of curiosity I had to check it out using indicators I usually look at. Yuck...

yep...i'm continuing to get more nervous. did you see that (almost) 100pt swing on the trans today? If that close was the top then things don't look good for sure. But, as the saying goes, "If is if till it is"...

May do Transports chart in the morning.

Just noticed if U SO turns up tomorrow it could be an inverted H&S.