Thread: Bquat's Account Talk

Another pump and dump:

This does look good but is it news related that negative GDP (bad economic growth) equals less FED rate increase? I will look to see if there's follow through tomorrow before a change anything on my chart:

The old 'bad news is good news' story!

Well today is decision day. Go away for May? Staying 100 G for me. Still playing with Midterm Channel because now days we don't know what the midterm will do. Today is proving that yesterday was an overreaction to the news. Bear flag?

If we don’t know what the mid term will do, doesn’t that make it short term?


Scott Harrison
Senatobia, MS

Originally Posted by rangerray

If we don’t know what the mid term will do, doesn’t that make it short term?


Scott Harrison
Senatobia, MS

You are probably right but I redraw it as it develops lower highs as we go down

There is more likely a 60/40 chance that Spidey's worst-case scenario can happen. Especially if the S Fund enters a recession. So, what we really need greater than a 2 % gain Monday to make this a false breakout of the Longterm Sideways Correction. Should we stay away for may:

Just remember Spidey is always more bearish than me because that's his nature. Another free Iguessum.com chart and always feel free to weigh in.

He's dead Jim, he's dead...



Economic activity is slowing, inflation is growing, and we have financial nitwits at the helm.

It's not the quarter/half point bumps in interest rates that are slowing the economy, it is the retrenchment of investable assets. Why make a huge capital investment in something when some State AG can sue you for making your something out of plastic? Why invest in a multi-billion dollar pipeline when some Federal something or other can shut you down halfway through the build? At best, investable money will camp the sidelines. At worst it will decide that the US is a Banana Republic and other countries are more stable.

Our issue is that our TSP assets are not as fluid as those of EXXON. EXXON can invest in and grow their bottom line in Australia, we cannot.

Originally Posted by Bquat

There is more likely a 60/40 chance that Spidey's worst-case scenario can happen. Especially if the S Fund enters a recession. So, what we really need greater than a 2 % gain Monday to make this a false breakout of the Longterm Sideways Correction. Should we stay away for may:

Well this may not be enough. Now testing light support as resistance from below. It looks like today's dip buy is slowing down and I don't think we'll get back in the box:

I think 60/40 today is a confirmation of a breakout of the sideways consolidation. Need the dip to be bought big time: