Thread: Bquat's Account Talk

Originally Posted by Bquat

Yesterday's gap is filled and we're building up momentum to fight the 100 Day and over an hour to watch:

We are right there. Blue line tested twice as support:

Decided to wait until we cross the 50 Day before doubling down because of the gap below even though gaps don't get filled quickly like they used to. Also we are currently overbought:

Gap filled but did the 100 Day resistance hold as support today:

The battle between the 100 and 50 DMA continues. Staying 50S/50G:

Finally a break above the 50 Day. Checking out top of a new Midterm Channel for help with decision for end of month trade. We are embedding to the upside and above DMA's. Are we at resistance?

Might change Longterm to last lower lows. Little dash lines:

Originally Posted by Bquat

Might change Longterm to last lower lows. Little dash lines:

Went with Lower Lows and copied it for Lower Highs for Longterm Channel with todays weakness. Don't know if the red line was a top but it acted as one especailly with the 50 Day not holding as support. Being only half in I am ok for this coin toss and watch both Midterm and Longterm channels to double check direction for the end of month decision. Just my guessing here:

Originally Posted by Bquat

Went with Lower Lows and copied it for Lower Highs for Longterm Channel with todays weakness. Don't know if the red line was a top but it acted as one especailly with the 50 Day not holding as support. Being only half in I am ok for this coin toss and watch both Midterm and Longterm channels to double check direction for the end of month decision. Just my guessing here:

Today's strength has me surprised and made me play with the Longterm right side because we are still embedded to the upside. So I'm still in limbo mode and holding 50S/50G:

Originally Posted by Bquat

Today's strength has me surprised and made me play with the Longterm right side because we are still embedded to the upside. So I'm still in limbo mode and holding 50S/50G:

Turned out even better than expected. Are we at a double top:

Was out of pocket this morning. Well so much for a new Longterm. Went back to the old Longterm Channel. I guess Yellen's comment popped us above the Midterm Channel:

For all my TSP friends, acquaintances, and fellow investors; I would like to thank you all for you posts and wish you all a safe and happy holiday weekend. Remember what this holiday is all about. But also, remember it is one of the two most dangerous holiday weekends of the year. Please be safe. Thank you for all those who have sacrificed for us to be here today.