Thread: Bquat's Account Talk

Lower Low line just acted as resistance showing 60/40 that the Spidey bottom may not be forming. Still early yet:

Thanks for the Chart (just like for the past several years, lol). Quite a while ago I told myself I would sniff when the SnP got to the 3950 range. Today's intra-day low was 3958... so it's right there...but I can't make myself even think about sniffing with how the markets are acting. I think the FED waited too long to start curbing the influence of their QE along with the stimulus printing. Now their QT won't be able to rely on bond buy-backs as a significant contribution to tighten because inflation is too drastic. I don't feel a soft landing is remotely possible at this point. In fact, I think we are past any concept of "soft" with what is happening. I will wait to see what tomorrows CPI brings but, IMO, unless we see 8 or under then what the fed has done so far will be shrugged off. Only way the markets will consider the bottom in is if CPI beats the expectation of 8.1.

On a scary note...I heard some radio analyst (didn't catch the name) talking this afternoon that for the SnP to match the decline of the Wilshire 4500 it would need to get t0 the low 3400's. When I got home and ran the number against the DWCPF,the SnP would have to sink to the low 3200's to match the percentage decline, from the highs, of the DWCPF. No idea if these are options for what the market will bring...but some scary numbers regardless.

Nice bottom tail at the bottom of Spidey's box but we still closed lower (red line). Still not a bottom forming but less selling. So. watch and see mode and I'm still 60/40 bearish but again that's just me:

So, is this a bounce I was looking for at Spidey's worst-case box? I don't know if we're just Dead Cat Bouncing but I'm watching. Adjusted Midterm for today's action because I can:

Any gaps below the one that needs to be filled, or is that the final one??? I follow your charts all the time, and I think that's the last one, but I could be mistaken.
Thank you ! ! ! !

Originally Posted by Epic

Any gaps below the one that needs to be filled, or is that the final one??? I follow your charts all the time, and I think that's the last one, but I could be mistaken.
Thank you ! ! ! !

One more:

Ahhh ...... I see. Thats good to know. Thank you

Originally Posted by Bquat

Nice bottom tail at the bottom of Spidey's box but we still closed lower (red line). Still not a bottom forming but less selling. So. watch and see mode and I'm still 60/40 bearish but again that's just me:

Spidey's worst-case is moot. Little surprised gap only partially filled. Little bit larger down candle confirming the fear of inflation/rate hikes is real. You know if rate hikes continue it could end the housing bubble again like 2008 so keep an open eyes. I drew a blue line so I had to label it as a bottom (but it's not the major bottom) we can bounce on. I'm still 60/40 Bearish and that not just me:

Ok, I expanded the Spidey box with the gap fill. The red line held as resistance. No move for me because we see this pump just before the deadline and then dump. I don't know what to tell you but me I'm still slightly bearish as always:

That's why this is a free service because this is a guess system.

Originally Posted by Bquat

Ok, I expanded the Spidey box with the gap fill. The red line held as resistance. No move for me because we see this pump just before the deadline and then dump. I don't know what to tell you but me I'm still slightly bearish as always:

Yeah what he said but it started early: