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Thread: Bquat's Account Talk

  1. #12433

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    Default Re: Bquat's Account Talk

    Not trusting this buying. Seen this little pop just after the day we go below 50 on RSI. Extending out Midterm thinking this is just a Dead Cat Bounce. This has been a pretty good exit for me. Maybe got lucky this time:
    Attached Images Attached Images
    Don't bias your charts. Show support and resistance. My comments and charts are not trading recommendations.

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  3. #12434

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    Default Re: Bquat's Account Talk

    Quote Originally Posted by Bquat View Post
    The Midterm channel is temporary. I have it drawn to show me the level of drop to see if the drop rate is increasing or continuing at the same rate. I think this is more than a bull flag now.
    These percent chances can change with momentum increasing:
    This is an acceleration of selling with the gap down. The dip buying at the 50 Day can get us back into the Midterm and a more tolerant down move. Now 50/50 N2 correction and maybe a 100 Day test. My Longterm is lost. Spidey sense is in effect and he is worried:
    Attached Images Attached Images
    Don't bias your charts. Show support and resistance. My comments and charts are not trading recommendations.

  4.  
  5. #12435

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    Default Re: Bquat's Account Talk

    Quote Originally Posted by Bquat View Post
    This is an acceleration of selling with the gap down. The dip buying at the 50 Day can get us back into the Midterm and a more tolerant down move. Now 50/50 N2 correction and maybe a 100 Day test. My Longterm is lost. Spidey sense is in effect and he is worried:
    Yesterday was over reaction to the news but the dip buying twice from below the 50 Day seemed like the old Plunge Protection Team buying like in the past. Today it did look like a true 50 Day test. With the higher low things look better but we can still embed to the downside tomorrow with the bottom of the gap maybe being the DCB line in the sand. Slight redraw of Midterm to include yesterdays action making the downturn less scary. Staying 100 G and Spidey has calmed down for the moment:
    Attached Images Attached Images
    Don't bias your charts. Show support and resistance. My comments and charts are not trading recommendations.

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  7. #12436

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    Default Re: Bquat's Account Talk

    Spidey is awake and seeing bad news. The 50 Day was broken for the third time today. The third time seemed to be the charm. It was tested from below and held as resistance. Well the downward rate is continuing but is it allowing people to exit or just keeping their hopes up enough expecting a dip buy. I don't know but Spidey thinks this can escalate quickly from here. I'm 50/50 N2 and 100 day combo will hold but he's 40/60 and looking at N3. He needs to be proven wrong:
    Attached Images Attached Images
    Don't bias your charts. Show support and resistance. My comments and charts are not trading recommendations.

  8.  
  9. #12437

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    Default Re: Bquat's Account Talk

    Looking at my chart we need a fundamental change. I think they call it a green candle. So dip buying needs to start today especially if we touch the 5 percent correction line.
    Don't bias your charts. Show support and resistance. My comments and charts are not trading recommendations.

  10.  
  11. #12438

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    Default Re: Bquat's Account Talk

    Must say you did nail your exit nicely!


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  13. #12439

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    Default Re: Bquat's Account Talk

    Adjusted the Midterm a little more steeper to cover red candle parade. There we have a test of 100 Day. Can this cause dip buying? Spidey is concerned that we are embedded to the downside. We need a 3% shift from here to even start to change things:
    Attached Images Attached Images
    Don't bias your charts. Show support and resistance. My comments and charts are not trading recommendations.

  14.  
  15. #12440

    Default Re: Bquat's Account Talk

    Looks like the S fund is trying to close a small gap from March 30?

  16.  
  17. #12441

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    Default Re: Bquat's Account Talk

    Very good bottom tail off the 100 Day but does it fundamentally change things? We still need follow through. We are still embedded to the downside. Think of the 50 Day now as the DCB line. We need 1 1/2 to 2 percent to un-embed:
    Attached Images Attached Images
    Don't bias your charts. Show support and resistance. My comments and charts are not trading recommendations.

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  19. #12442

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    Default Re: Bquat's Account Talk

    Probably this was a bad morning to be out of pocket. Anyway I am not going to jump from being scared to elation in one day. This is a Bear flag so far. Yes this was enough to un-embed. I am watching dotted line to start confirming a move up. Low non-farm job gains initially can help against inflation fears:
    Attached Images Attached Images
    Don't bias your charts. Show support and resistance. My comments and charts are not trading recommendations.

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  21. #12443

    Default Re: Bquat's Account Talk

    Good call retread. That a pretty good sized gap.
    Tom
    Market Commentary | My Blog | TSP Talk Plus | |

    I am not a Registered Investment Advisor and this is not investment advice. Please do your own due diligence.

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  23. #12444

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    Default Re: Bquat's Account Talk

    Quote Originally Posted by Bquat View Post
    Probably this was a bad morning to be out of pocket. Anyway I am not going to jump from being scared to elation in one day. This is a Bear flag so far. Yes this was enough to un-embed. I am watching dotted line to start confirming a move up. Low non-farm job gains initially can help against inflation fears:
    Re-embedded to the downside after one day. Move up not confirmed and 50 Day did not act as support. Yesterday was just a buy the news day and nothing fundamentally changed:
    Attached Images Attached Images
    Don't bias your charts. Show support and resistance. My comments and charts are not trading recommendations.

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