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Saturday Review’s recording (for 2/24/18) …Another upleg? Watch your step. – If, Then… Market Timing

Saturday Review’s recording (for 2/24/18) …Another upleg? Watch your step.

By Rod David | February 24, 2018 - 1:11 pm

The first Saturday Review in several weeks covered a lot of ground. It begins with a review of the price action that developed into early February’s low and its subsequent retest. Price action since then is tracked to understand the significant juncture that last week’s pullback and recovery have reached. And it’s all compared to the 1987 reversal pattern that is tracking with eerily similar timing and structure. All of which brings the market to a critical decision it will likely make this Monday or Tuesday, and the specific paths possible from there. Attendees offered insightful and helpful comments and questions, to which viewers of the video are welcome to add.

 CLICK HERE TO WATCH

The following stock requests were reviewed in this order:
AMZN, TSLA, MU, SHOP, NFLX, AMAT, AMD

Rod David: Welcome to this weekend’s Saturday Review. Please post questions and comments as they occur to you. Thank you!
—————– (02/24/2018 09:36) —————–
David B: Good Morning
—————– (02/24/2018 09:56) —————–
Bill G: In 1987 when the spx made a lower high in early Oct the Nasdaq made a new high
—————– (02/24/2018 09:59) —————–
ljr ipad: would we expect a bear market if it follows the 87 analogy?

ljr ipad: similar to 2008?

Bill G: I’m talking about the current rally we are in
—————– (02/24/2018 10:05) —————–
Bill G: If we get a test of the low from a couple of weeks ago will not have the spt of the 200 day ma similar to what happened in 1987. Went through the 200 day
—————– (02/24/2018 10:07) —————–
ljr ipad: q: if we get a retest of the high, is there a possibility of new upleg?
—————– (02/24/2018 10:11) —————–
Bill G: My point earlier was that this rally may get a new high in NQ while the es may not ,similar to the test of high in 1987
—————– (02/24/2018 10:22) —————–
David B: AMZN

ljr ipad: stocks: TSLA! MU
—————– (02/24/2018 10:23) —————–
ljr ipad: SHOP, NFLX

ljr ipad: AMAT
—————– (02/24/2018 10:41) —————–
ljr ipad: curious, key vs pivot…anyone better than the other?
—————– (02/24/2018 10:47) —————–
ljr ipad: thx

Bill G: Thanks

David B: Thanks

Posted in Bigger Picture, members-only, Saturday Review