Thread: Bquat's Account Talk

Originally Posted by Whipsaw

Does today's pop leave the abandoned baby?

The last trade was at 1528, so I would say the gap has been filled. For now. Still have 5 hours to closing bell.

Yes the gap is filled. definitely looking better:

Originally Posted by Whipsaw

Does today's pop leave the abandoned baby?

Yes kinda. Some of the abandon baby was filled after the deadline.

Showing Dead Cat Bounce level:

Originally Posted by Bquat

Showing Dead Cat Bounce level:

Acting as resistance as expected. With a little bottom tail we might come up into oversold condition. I be thinking 60/40 we don't embed:

Originally Posted by Bquat

Acting as resistance as expected. With a little bottom tail we might come up into oversold condition. I be thinking 60/40 we don't embed:

Green circle. I guess I can stay green this month as long as my entry level acts as support:

Originally Posted by Bquat

Green circle. I guess I can stay green this month as long as my entry level acts as support:

So much for that theory:

Since we got above my entry level I was thinking of doubling down on the last trading day of the month. But I will probably stay half invested or exit with what I think is an inverted cup and shoulder. This is how I have to show it, Use the top half of the circle as a cup, This can be a bearish pattern and it's too close to the end of month to decide on it. My guess:

VIX still has some fear to it and is not subsiding like the midterm fear was:

What do you think?

Market strength isn’t making sense to me. I bailed on a down day (Monday) so am not too happy about that pick but was still slightly green for the trade so am ok with it. I am not trusting hardly any news out there. Seems like spinners which used to be mostly political in nature have now applied their slants to the coronovirus, bond yields, overall financial markets and etc. I think your cup is accurate...but that is coming from the lily pad😉