Thread: Bquat's Account Talk

Originally Posted by Bquat

Is this a V shape bottom? I put P1 on the chart to see if it may be an exit point this time or will bullishness increase and pop it when the V bottom confirms: JMO

I borrowed the Lower High Line from DBA for P1 to see if it's an exit line or not. 50/50 chance either way. Staying 100 S Fund:

Originally Posted by Bquat

I borrowed the Lower High Line from DBA for P1 to see if it's an exit line or not. 50/50 chance either way. Staying 100 S Fund:

Yep it topped right at P1 on Capital Gains tax news. I'm ok as it seemed to find a little support at old resistance. It should be fine if this was over reaction to the news, P1 is now has a 60/40 chance of being resistance and a selling point but I'm willing to take a chance on it as long as we are in my "V":

Originally Posted by Bquat

Yep it topped right at P1 on Capital Gains tax news. I'm ok as it seemed to find a little support at old resistance. It should be fine if this was over reaction to the news, P1 is now has a 60/40 chance of being resistance and a selling point but I'm willing to take a chance on it as long as we are in my "V":

Todays action does show the dip was over reaction to the news. Tested little blue line as support from above and now approaching to test P1:

Staying 100 S Fund. Thinking with today's strength going above P1 is again a 50/50 chance:

I'm a happy camper. Wasn't expecting P1 to be broken today. A slightly higher high today confirming the "V" is strong. Can there be a second stage to this rocket? Since we have just went over bought today there is a 60/40 chance P2 is a top unless we embed to the upside next week:

Locking in gains today. Going 100 G Fund. This is not a Spidey sense move. Top of Longterm channel is here and March top is near so not being a Hog I am not taking any chance of losing my gains. Going away for May may not be a thing anymore because every trader has a laptop or personal computer at their vacation location but why take the chance when you are doing good:

I was thinking of moving, but decided to try and ride the wave. but I am definitely looking to move out. When I do, I was thinking F instead of G

Beester15, I've been thinking the same for a while now too. though TSP Talk reports the F fund forming a bear flag? Amazon, Google and a few other big names reporting this week that should have done very well during all this pandemic. that should at least hold numbers up if not push them up. So, i was thinking of staying in till later in the week and then use the F fund to wait and see if there is a good entry point in May or follow the old adage and just ..."stay a way".

Here is my exit. I offset it a little bit so you can see the little top tail touching the March top. The "V" bottom is continuing and there is no weakness showing. My exit has a 60/40 chance of being premature but I just wanted to save my gains. So tomorrow we can embed to the upside but this also can be an exhaustion move to the top. We will see:

What happened to P3?

Originally Posted by flalaw97

What happened to P3?

The top of the Midterm but I took it off back when there was problems with P1. The V is strong and 40/60 it could happen but I took the opportunity to lock gains. I also said my exit could be premature.