Thread: Bquat's Account Talk

Originally Posted by Bquat

Wow the more buying came in. So surprising

Another minute and we might have had a positive close.

I don't know if there is still a Plunge Protection Team, but the big buy back really surprised me. It was even enough to show a false breakout (with today's follow through) of my rectangle and gap fill. This does look better but I myself don't understand such a turnaround. So being me, 60/40 bear flag at red line. This is just my guess:

I was kind of thinking of a partial entry today but with today's action with a topping tail I don't think so. 60/40 bear flag:

Chart:

Didn't end well today.

Originally Posted by Whipsaw

Didn't end well today.

Might be a "W" right?

Well I was thinking "W" but it broke down faster and further than expected. Little below the N1 and now we have to watch the bottom of the channel and N2:

Look at that top tail. Playing with Midterm. We are now below support:

The other day we had a sudden buyback without a reason. Today it happened again when we get below an earlier bottom. Is there a Plunge Protection Team working again or did something good happen to negate today's big drop?

Back in the channel. Chart:

No Plunge Protection Team buy? Lower low set. Is Longterm broken: