Thread: Bquat's Account Talk

Finally a breakout of the longterm channel but is it still within a larger Midterm at dotted line:

Kind of went from pop and drop to drop and pop. If today's bottom holds tomorrow I will redraw the Midterm channel (dotted Line) to line up with the bottom then parallel the top of the channel.

Bouncing off the 13 day EMA?

Originally Posted by Bquat

Kind of went from pop and drop to drop and pop. If today's bottom holds tomorrow I will redraw the Midterm channel (dotted Line) to line up with the bottom then parallel the top of the channel.

Ok redrew Midterm Channel:

I guess the plasma news was good. This was a pop and drop open which is why the candle is red. So we pop to the top resistance and then down to near the bottom of my new midterm then back up. So higher volatility this morning. So I be thinking it's only up for the news and the coin is heading back down from the flip. Not entering while we still so close to the last pre=covid top:

Still seeing a little weakness in the S Fund even with the pushed good news (plasma/antivirus maybe October). Market not following or believing it but I'm not seeing a breakdown. Resistance tested again and holding:

I was happier when the "S" fund was out performing the "C" fund.

Originally Posted by Bquat

Still seeing a little weakness in the S Fund even with the pushed good news (plasma/antivirus maybe October). Market not following or believing it but I'm not seeing a breakdown. Resistance tested again and holding:

Yea what he said:

I like this midterm channel and I am reminding my brain (which says it can't last) to listen to the charts and look for the signs. Waiting for the NAAIM Exposure Index to come out today and see where the "smart" money is, and see if the strong start this morning fades. VIX remains low, K and D slow stochastics are both back over 80 (waiting to see if they can re-embed - >80 for 3 days in a row). C fund numbers (embedded all month?) look better. There is so much I don't know but the things I have learned from everyone on this site lead me to believe we are still ok in equities, this week.

Is this a breakout? I don't think so but does anybody really know in the news based market. Might be a topping Doji:

Looks like I missed 5 % this month. Maybe I'm staying too bearish.