Thread: Bquat's Account Talk

Well even more bullish action today. Didn't want to be a hog. Expecting a peak today but I have been wrong before. 50 percent is off the table tomorrow. I haven't used Spidey in a long time so we will see.

Originally Posted by Bquat

Well even more bullish action today. Didn't want to be a hog. Expecting a peak today but I have been wrong before. 50 percent is off the table tomorrow. I haven't used Spidey in a long time so we will see.

Good move. It can't go on forever.

77 on the autotracker will probably be my high for the year. I am happy.

Originally Posted by Bquat

Well even more bullish action today. Didn't want to be a hog. Expecting a peak today but I have been wrong before. 50 percent is off the table tomorrow. I haven't used Spidey in a long time so we will see.

Well news stopped what I was expecting so today it may happen.

What news?

Originally Posted by Whipsaw

What news?

The Fed announced yesterday it will expand its Main Street Lending Program. Its lowering its minimum loan amount, lifting its maximum loan amount, and lengthening its loan terms. So if you take out the green news spike, you will see the double top I was expecting.

I'm on the Monthly for a day. Yesterday's afternoon action kept us in the Midterm channel. No redraw needed:

With todays action it confirms that the top is in so I redrew the Longterm and Midterm channels:

A few days ago:

"Spidey Sense:

I am going 50S/50G locking in half my gains before there is even a slightly hint of Covid-19 cases increasing because of protesters bring back the virus to their families. Also a 50/50 chance of another topping tail today creating a sense of a double top. Just a feeling: "

Spidey is looking good.

First gap filled. Watching for new Midterm Channel to be confirmed:

Some good news must have happened.