Saturday Review’s recording (for 3/3/18) …Last gasps?
Friday’s ultimate bounce may have saved the week from capitulation, but it helped the 1987-style crash template maintain its timing.In this weekend’s Saturday Review, I describe the correlations and their consequences, while also identifying interim price levels that might fine-tune expectations.
The following stock requests were reviewed in this order:
BABA, BIDU, GILD, QCOM, NFLX, WDC, ROKU, GOOG, ABBV, AAPL, AMZN, FB
Rod David: Welcome to Saturday Review… Please post questions and other thoughts as they occur to you.
—————– (03/03/2018 09:31) —————–
David B: Good Morning
Bill G: gm
—————– (03/03/2018 09:49) —————–
Bill G: Maybe a smaller IHS on Thurs and Fri?
—————– (03/03/2018 09:56) —————–
ljr: any level that negates that low or crash, and are we limited in time to keep cras alive?
—————– (03/03/2018 09:57) —————–
Bill G: Ref 1987, I think their is a possibility that we are in the period from the Oct low to the test in early Dec?
—————– (03/03/2018 10:05) —————–
Bill G: If the above is true, we probably have another 10 trading days to go
—————– (03/03/2018 10:06) —————–
Bill G: y
ljr: any similarities with the 2015 aug drop that was limit down?
—————– (03/03/2018 10:08) —————–
David B: do you think the friday unemployment report will play into this week since inlation has been on the markets mind?
David B: inflation
—————– (03/03/2018 10:10) —————–
Bill G: This whole correction may be a shot across the bow that sets up for even a bigger drop after a new high later this month or April?
—————– (03/03/2018 10:11) —————–
ljr: Monday
—————– (03/03/2018 10:17) —————–
ljr: is it safe to assume nq to outperform on downside as we retest lows or possible crash? (I have qqq puts)
—————– (03/03/2018 10:22) —————–
ljr: stocks: BABA, BIDU, ROKU,
ta,ess,amm: gild qcom
David B: NFLX,WDC
—————– (03/03/2018 10:37) —————–
ta,ess,amm: goog,abbv,aapl,amzn, fb
—————– (03/03/2018 10:43) —————–
ljr: thx for today…ill watch recording later
—————– (03/03/2018 10:45) —————–
ta,ess,amm: yes
—————– (03/03/2018 10:55) —————–
ta,ess,amm: thank you
David B: Thanks
Bill G: thanks
