Saturday Review’s recording (for 3/21/15)
This weekend”s bigger picture discussion plotted out the exact path higher, how to know almost instantly Monday morning whether the market is still on it — and how to know that it is not. As important, we also described the confirming character of either move, and their consequences.
Click here for its recording, and scroll down for its accompanying chat among members. My thanks to all who attended, and to those that asked questions and offered comments…
David B:Good Morning
Mark :gm
sunni a:gm
Mark :FWIW BTV mentioned yesterday 2600 target for ES this year
sunni a:2060 fomc level @2pm which it should revisit?
Mark :2061.50
David B:was the actively bullishish indicator on wed closed invalidated so shouldn”t the bias be up for monday morning?
Mark :is retracing FOMC reaction down to 2061.50 still a likelihood by Wed?
sunni a:if so….38.25 point down from here….good short position?
David B:is it also because of the no bias trending?
David B:does that also apply to other signals like a confirmation of two higher closes like no bias trending?
David B:ok
Mark :can this still break higher?
David B:china PMI and greece news could change all of this or you think these are non events?
Mark :durably
Mark :does this formation below looks like inverse H&S – head b/w 13-15th?
Mark :gapping down under Fri low would not form an island, right?
Bill G:I think your 3/11 low is Mar but your 3/13 low is Jun
David B:they took about the death cross when the 50 day crosses the 200 day. in your work if you looked at this pattern would you also say its was a bearish pattern for a stock or index?
David B:in your work would they confirm?
Bill G:SentimenTrader found them unreliable
Mark :TSLA
David B:BBRY
Mark :IBB
charlie :gm, jpm
Mark :qbove 220
Mark :if not targetting 130-140?
Bill G:For clarity, my comment on SentimenTrader was on the death cross. being unreliable. I”m not sure of his position on moving averages in general.
David B:FINL,NKE
David B:earnings on fri for BBRY
charlie :tksjpm
charlie :tks
