Thread: Bquat's Account Talk

Originally Posted by Bquat

Testing dotted line again. No move for me. I have us over bought again and am not going to enter while near top of rectangle:

The top of the rectangle tested as resistance. Things still seem to be more bullish than I'm thinking. So I have no comment and just sitting back watching this level:

Originally Posted by felixthecat

Made a small risk on move for a day or two. S Fund might squeeze out a bread crumb or two. However…I’m pretty much playing it safe for now.

You have done great!!!!!!

Originally Posted by Bquat

The top of the rectangle tested as resistance. Things still seem to be more bullish than I'm thinking. So I have no comment and just sitting back watching this level:

Still no move for me. Cleaned chart up for you while I just continue to watch at these levels:

Originally Posted by rangerray

You have done great!!!!!!

Thanks! Just an average guy trying to squeak a few pennies at this nosebleed level. 😂

Originally Posted by felixthecat

Thanks! Just an average guy trying to squeak a few pennies at this nosebleed level. 😂

I assume you are using the relative strength index?

Originally Posted by Bquat

Still no move for me. Cleaned chart up for you while I just continue to watch at these levels:

Back in the box:

The RS on the $DWCPF looks fineÂ…MACD is okay but that could change quickly. So why did I sell today. Several reason which is why I donÂ’t focus just on one chart. In this caseÂ…exterior news like the sharp increase of COVID cases not just in my area but across many sections of the nation. This Delta variant has an Rnot of 6 which is huge compared to Original Covid Rnot of no more than 2 perhaps near 3. Means this spreads quickly and is hitting both groups because the vaccines are not as effective. Worse is yet to come. SecondÂ…the inverse ETFÂ’s looked to have double bottom recently and held up today even with a market up day. A clue to me the tide may be turning internally for the marketÂ…this could translate to sharp swings coming soon. Not unusual before a steep fall. I donÂ’t believe August is going to start with a bangÂ…more like a hammer drop. Another reason I bowed out.

Inflation is not under control. DonÂ’t believe the FED.

Originally Posted by felixthecat

The RS on the $DWCPF looks fineÂ…MACD is okay but that could change quickly. So why did I sell today. Several reason which is why I donÂ’t focus just on one chart. In this caseÂ…exterior news like the sharp increase of COVID cases not just in my area but across many sections of the nation. This Delta variant has an Rnot of 6 which is huge compared to Original Covid Rnot of no more than 2 perhaps near 3. Means this spreads quickly and is hitting both groups because the vaccines are not as effective. Worse is yet to come. SecondÂ…the inverse ETFÂ’s looked to have double bottom recently and held up today even with a market up day. A clue to me the tide may be turning internally for the marketÂ…this could translate to sharp swings coming soon. Not unusual before a steep fall. I donÂ’t believe August is going to start with a bangÂ…more like a hammer drop. Another reason I bowed out.

Inflation is not under control. DonÂ’t believe the FED.

Thank you very much for your input. I read all the posts here. Knowledge is power

Hospitalizations for the delta varient is way lower than before... So more people will catch it and less people will die or even be hospitalized.. This info comes from UK data.

Ok, starting my channels for August. Shortening them for a two IFT time frame. I now have my Midterm a little short but wanted to show the F Flag that is bullish until it isn't. My channels may be a little short in time frame but I am trying to make sense of this news driven market. Yes I haven't been in lately but haven't lost any either. Been trying more to hold onto my 10% that I may have missed gains. So I still may be too bearish for my own good but I still have mistrust in the current events:

These are my free guesses and feel free to comment because you could be the one who is right. No end of month move for me 100 G fund.