Saturday Review’s recording (for 4/14/18) …Taxonomy.
Not all patterns are binary, with an either-or resolution. Most will continue ranging or consolidation if a breakout opportunity isn’t exploited. This is not one of those patterns. Recent ranging has had an ascending quality to its support, if not also flat resistance to form a sort of Ascending Triangle. Buying has gotten compressed, so that its breakout is likely to aggressive, almost literally exploding or imploding as the case may be. The paths and consequences to each resolution is detailed during this weekend’s Saturday Review..
The following stock requests were reviewed in this order:
TSLA, NFLX, BAC, XLE, GE, AMD
transcript
Rod David: Welcome to this weekend’s Saturday Review. Please post questions and comments as they occur to you.
(04/14/2018 09:32)
Bill G: gm
David B: Good Morning
(04/14/2018 10:04)
David B: i can hear
Bill G: now, but not before
David B: on and off
David B: 2 min
Bill G: 2min
(04/14/2018 10:07)
David B: NFLX,BAC
(04/14/2018 10:14)
Bill G: XLE
David B: GE,AMD
(04/14/2018 10:30)
David B: expiration
David B: how do you see it having an effect
(04/14/2018 10:32)
Bill G: Thanks
David B: thanks