Thread: Bquat's Account Talk

Your gap may be filled tomorrow. Hopefully not a breakdown from there....

I have a possible green line just a little below the blue line. I might show it tomorrow.

Originally Posted by Bquat

I have a possible green line just a little below the blue line. I might show it tomorrow.

Please do. Watching for a point of entry.

Longer term support 60/40 that it holds. The green line is support for more correction loss:

Spidey Sense: If we don't get a good pop today we will embed to the down side:

I think you got a pop, but not the one you were looking for at least not as of 12:30 lol.

So we did embed which gives 10 more negative points on guessing. Instead of starting with a 50/50 guess I start at 40/60 and work from there. In other words I start negative and have to be convinced to be positive. So there is a 60/40 chance of more selling. Your guess?

More selling...Other than trade disputes, what other topics are encouraging in the near term (i.e., one month) for plus side movement?

Originally Posted by blueroadster

More selling...Other than trade disputes, what other topics are encouraging in the near term (i.e., one month) for plus side movement?

Fed's Bullard says a rate cut may be warranted soon

If the Fed cuts the rate, what will the effect be?? My initial thought is that market would go up because it dropped in late 2018 when they went too far with cuts BUT, might the market now see a cut as a Negative....like displaying a lack of confidence???? Hummm...its always something!

Originally Posted by tsptalk

Fed's Bullard says a rate cut may be warranted soon

Today's pop does look like it's enough to change my outlook. It does have my attention and makes me neutral. Watching Dead Cat Bounce area: