Thread: Bquat's Account Talk

I can't decide what to do.

Originally Posted by BichonFreeze

I can't decide what to do.

I'm really neutral until 1140 breaks.
It's just me seeing a false break out of my triangle. But we're still neutral to bullish until the bottom of my triangle fails to hold as support. But it seems the worst things get people think taper will be delayed. At only 1.72 green this year, I'm really not a financial genius.

Originally Posted by Bquat

Larger firms may be taking profits from dip buyers. Might start seeing more down side volume as dip buyers capitulate. My exit may finally become resistance.

No confirmation on this until after the deadline. Neutral I am until seeing the move. So no recommendation for today. I'm not getting in.

Originally Posted by Bquat

I'm really neutral until 1140 breaks.
It's just me seeing a false break out of my triangle. But we're still neutral to bullish until the bottom of my triangle fails to hold as support. But it seems the worst things get people think taper will be delayed. At only 1.72 green this year, I'm really not a financial genius.

And now we are around 1835...with other lines around 1828 and 1820. You are getting closer to geniusdom!

Originally Posted by Mcqlives

And now we are around 1835...with other lines around 1828 and 1820. You are getting closer to geniusdom!

You may have jinxed it.

Originally Posted by Bquat

You jinxed it.

Not yet...there has to be a capitulation in here somewhere....just waiting on the next round of news to drop.

My triangle theory is not working out as expected. Dip was bought and bad news may be good. I'll have to redraw and reevaluate.

Redraw:

Originally Posted by Bquat

Redraw:

so...1848-1852 is what to watch in the morning?

I widened the channel. My neutral outlook is now slightly bearish until we get above the bottom of the old channel or weakness line. Did not get my projected possible loss but midterm damage may have started. Looking for confirmed lower low tomorrow. I think many are thinking taper will be put on hold for Ukraine conflict. So I am interested in other comments as to why the dip was bought. So does this chart look more feasible?

To give you guys a chance to comment, I'm a gonna pause for a couple of minutes.