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Comments on: (corrected link) Livestox Recording Oct 23, 2015 https://rd.johnlander.me/corrected-link-livestox-recording-oct-23-2015/ Futures Market Timing | chaRTroom | Technical Analysis | Instruction Tue, 27 Oct 2015 17:05:31 +0000 hourly 1 https://wordpress.org/?v=6.9.4 By: Rod David https://rd.johnlander.me/corrected-link-livestox-recording-oct-23-2015/#comment-279 Tue, 27 Oct 2015 17:05:31 +0000 http://www.roddavid.com/?p=13618#comment-279 In reply to Scott Bietendorf.

AMBA — The relevance of RSI can be overstated after a trend has extended. It is comprised of only so many preceding periods (14 is a common default) and so that’s all it reflects. If most of the days during that period of time descended at a consistent pace, then RSI won’t ever get ahead of itself, i.e. “oversold.” So, avoiding oversold becomes irrelevant.

RSI reflects buying and selling pressure. MACD price momentum would be more insightful at this stage. Also, note that volume is relatively low during this recent part of the decline — so, apart from the potential for a sudden brief bounce, bottoming is not likely soon.

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By: Scott Bietendorf https://rd.johnlander.me/corrected-link-livestox-recording-oct-23-2015/#comment-278 Tue, 27 Oct 2015 15:45:30 +0000 http://www.roddavid.com/?p=13618#comment-278 AMBA: Trading in low 50″s. RSI improving, while pullback continued from 9/28. Is there any reason to be bullish here?

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By: Rod David https://rd.johnlander.me/corrected-link-livestox-recording-oct-23-2015/#comment-277 Tue, 27 Oct 2015 11:31:22 +0000 http://www.roddavid.com/?p=13618#comment-277 In reply to Scott Bietendorf.

WMT — I don’t see another session’s low that was being retested in the context of a Double Bottom, so it doesn’t look bullish to me.

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By: Scott Bietendorf https://rd.johnlander.me/corrected-link-livestox-recording-oct-23-2015/#comment-275 Mon, 26 Oct 2015 23:04:18 +0000 http://www.roddavid.com/?p=13618#comment-275 Yes, referring to todays low re-testing prior session low. Thanks for the input. BTW good call on INSY!

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By: Rod David https://rd.johnlander.me/corrected-link-livestox-recording-oct-23-2015/#comment-273 Mon, 26 Oct 2015 18:40:30 +0000 http://www.roddavid.com/?p=13618#comment-273 In reply to Scott Bietendorf.

WMT – I don’t see a Double Bottom today, since reactions up haven’t done anything complex in the interim. Were you referring to today’s low retesting a prior session’s low?

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By: Scott Bietendorf https://rd.johnlander.me/corrected-link-livestox-recording-oct-23-2015/#comment-272 Mon, 26 Oct 2015 18:00:43 +0000 http://www.roddavid.com/?p=13618#comment-272 WMT: made a double bottom today with improving RSI. Would you concur consolidation is occurring here and long entry a consideration?

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By: Rod David https://rd.johnlander.me/corrected-link-livestox-recording-oct-23-2015/#comment-271 Mon, 26 Oct 2015 13:35:17 +0000 http://www.roddavid.com/?p=13618#comment-271 In reply to Scott Bietendorf.

TRTC — I don’t see anything new, just new fluctuation within the pre-existing range. Back above .135 could start to suggest otherwise

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By: Scott Bietendorf https://rd.johnlander.me/corrected-link-livestox-recording-oct-23-2015/#comment-270 Sun, 25 Oct 2015 14:04:55 +0000 http://www.roddavid.com/?p=13618#comment-270 TRTC: Did not make a new predicted low. Interest seems to be gaining on their IXVV brand. Volume seems to be improving, as well as price – even with nefarious T-trades. Is there real strength here, or is this a head fake?

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By: Rod David https://rd.johnlander.me/corrected-link-livestox-recording-oct-23-2015/#comment-269 Fri, 23 Oct 2015 20:01:27 +0000 http://www.roddavid.com/?p=13618#comment-269 In reply to fennecby.

SMG — I like that the recent rally stopped pessimistically short of actually touching the prior highs, but has consolidated there anyway. Still, volume could be better. So long as 64 holds as support, extending above 67 on expanding volume would be bullish.

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By: fennecby https://rd.johnlander.me/corrected-link-livestox-recording-oct-23-2015/#comment-268 Fri, 23 Oct 2015 19:43:03 +0000 http://www.roddavid.com/?p=13618#comment-268 SMG – pretty choppy over the last 6 months. Is it ready for a breakout, and is buying it now worth it risk-reward-wise?

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