Thread: Bquat's Account Talk

Won't be able to do chart of S fund for a while. Big glitch messed chart up. Would of liked a 458% gain though.

Glitch fixed. Don't know if this is right but here's the redraw with the last two lows:

Originally Posted by Bquat

What do you guys think about the yellow channels? Inverted F flags?

How about a big bear flag on the S&P from late Sept until now? I'm not married to the idea that the flag has to point up. If so, it's resolution forecast is approx. 2490...

I have not called this last leg right in any way shape or form so I am now flat (negative after today if it stays down) for the past 4 months. So take the below as nothing more than points to consider...So here are some observations I made while watching this mornings drop.
-If volume stays steady for the day this will be a 5bil+ day for the SnP.
-VIX is still middle of the road, in the mid 20's, for the year.
-DJT is hovering around levels last seen over the summer of 17. It had climbed 1300 - 1500 points during the year before (2016-2017) and has fallen about 1300 points from it recent high (September, 2018). This shows the DJT has had a 20% drop compared to the SnP's 15ish% drop from the highs.

So, we are still trending down, with DJT forecasting the way for another 5%, while I am still hoping for seasonality to kick in.

Bquat! Where are ya bud? I have grown up and started actually being able to make pretty charts without using my #2...but still miss your charting and comments! Hope Texas is treating you right and all is well with you and yours!

Chart for you:

dang it!...your charts are still prettier than mine!

Another Chart:

One more chart:

After today I will have (Hopefully it doesn't drop any more from here) made a paltry $8000 on this trade. At least I'm not negative but still....&^%&*&@ 2 moves a month sucks!!!!!!

After looking at your charts, I feel an urge to go and buy some "Head & Shoulders" shampoo! 2600ish sure does look like a magnet for a pullback over the next week or two.