Thread: Bquat's Account Talk

Well good news from the Fed popped us up again. Are we there yet? Will the March high hold as resistance? Does anybody really know? Bottom of Longterm channel acting as resistance:

Originally Posted by Bquat

Well good news from the Fed popped us up again. Are we there yet? Will the March high hold as resistance? Does anybody really know? Bottom of Longterm channel acting as resistance:

Announcement of an antivirus in October and possible 23% gain in next GDP announcement gave a post rally pop. I don't know if it will happen but as always possible good news always comes out when we are at resistance. I also don't know if good news is saved up to be released when needed. So I will be missing more gains and guess the top when it happens:

Shortening my Longterm and Midterm channels for a pre September chart. Surprised how bullish the Short term (New Midterm) is. Don't think I want to enter after missing this move:

The bottom of my Midterm wasn't parallel so I fixed it:

My internet is so slow because of online classes so I will try to post earlier next time.

Originally Posted by Bquat

Shortening my Longterm and Midterm channels for a pre September chart. Surprised how bullish the Short term (New Midterm) is. Don't think I want to enter after missing this move:

What do you mean by "Don't think I want to enter after missing this move" ? If the chart is bullish, and the slow stochastics are embedded, VIX is down and NAAIM is strong bullish, wouldn't you want to get in, for September, even if you missed the beginning? Or is there a concern that using your first IFT to get in, then having it downturn and have to get out, you would be done for September?

Thank you for posting! I love your charts - Yours is the first member's account talk I check when I get on tsp.talk

Originally Posted by flalaw97

What do you mean by "Don't think I want to enter after missing this move" ? If the chart is bullish, and the slow stochastics are embedded, VIX is down and NAAIM is strong bullish, wouldn't you want to get in, for September, even if you missed the beginning? Or is there a concern that using your first IFT to get in, then having it downturn and have to get out, you would be done for September?

If I had entered today it would have been on August leaving two IFT's for September. I didn't enter because I am slightly confused about the bullishness. I don't have a Spidey sense but I am Midterm confused and waiting for weakness that may not come. So in overthinking mode.

Got it. I think you are right that we are approaching the end of this rise. Kind of like when the roller coaster starts clicking slower and slower as it reaches the summit. The VIX went up a bit today so if the slow stochastics become unembedded or Thursday's NAAIM drops a bunch, I am thinking the first week in September will be the time to get off to see if there is a correction coming. I appreciate what you are doing for the site.

September is generally not a good month.

I have no idea what happened this morning. Was it good news? Was it that the FDA would approve an antivirus even before a 3rd trial being completed?