Saturday Review’s recording (for 8/4/18) …Ramming speed.
Friday’s recovery back up to last week’s high close seems to confirm the interim dip was only a temporary correction. That temporary correction interrupted the prior upleg from rewarding its confirmed breakout with a third higher close. Presumably, the reward is soon to come. The path there and its potential resolutions are detailed in this week’s Saturday Review.
The following stock requests were reviewed in this order:
NFLX, FB, GOOG, AMZN, AAPL, TSLA, SQ, WDC, CRM, ARNA, IIPR
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Rod David: Welcome to Saturday Review. Please post questions and comments as they occur to you.
jp: gm.20 6
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Bill G: gm
David B: Good Morning
Mark: gm
jp: gm
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Mark: how many days can it take to get to 2909 or 2936?
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Mark: SQ – doubletopped under 73 target that was just formed after earnings. Any chance for 79.5 target?
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Bill G: Various times this year I have read of similarities to a 1937 analog. The mkt continues to be very close. In 1937 ,the mkt did not make a new high (82% retrace) The mkt fell apart starting in mid Aug
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David B: WDC,CRM
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Bill G: fwiw, APPL completed a Demark combo sell signal on the daily chart on Fri by my count. Although too early, the same sig will be true on the monthly chart with a positive close at the end of the month, above 190.29.
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Mark: SQ above
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Mark: the Q is if it gets even more exessive b4 a big downleg from 79.5
Mark: just happened
Mark: yes
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David B: closing above what level what indicate a bottom?
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Bill G: I don’t know an answer on gaps in his work. I use the completion of a sell sig by Demarks work as the completion og a setup not the signal for shorting. Need some indication of weekness as a trigger.
Mark: thx much
—————– (08/04/2018 10:39) —————–
Bill G: thanks
David B: Thanks
