Saturday Review’s recording (for 8/29/15) … Bounces vs. bottoms.
This weekend”s Saturday Review described the recent plunge and its current bottoming attempt, elaborating on why it”s only a bottoming attempt and not a durable bottom. The likeliest paths Sunday night and Monday morning were described, with ideas for playing them. The discussion included a perspective on rationalizing / justifying a trade, and the necessity of abandoning a trade…
The following stocks were discussed, including a brief discussion of the difference between price momentum (as expressed by MACD) and buying/selling strength (which is depicted by RSI). The chat transcript follows:
SVXY, FCX, S, OGZPY, PAAS, SIG, SNH, NGD, DPZ, TPX, PII, INTC, BOFI
08/29/2015 09:31:56 David B: good morning
08/29/2015 09:32:13 joep: gm
08/29/2015 09:32:18 Charles Daniel: hi0
08/29/2015 09:32:24 Mark Glezer: gm
08/29/2015 09:46:07 Mark Glezer: would u expect a move down to happen in
a single intraday leg?
08/29/2015 10:11:14 lloyd: any timing for testing low or breaking it?
I”m just checking I”m to ask question. If already answered ignore. i wi
08/29/2015 10:12:12 lloyd: I will listen to recording. have to go Thx
08/29/2015 10:19:21 Miss Kitty: What are some lower targets along the
way?
08/29/2015 10:27:55 steve: can you look at SVXY?
08/29/2015 10:31:39 David B: FCX,S
08/29/2015 10:34:31 MK: OGZPY
08/29/2015 10:35:15 MK: PAAS
08/29/2015 10:35:50 MK: SIG (Short)
08/29/2015 10:36:07 MK: SNH
08/29/2015 10:36:22 MK: NGD
08/29/2015 10:36:38 MK: DPZ (Short)
08/29/2015 10:37:44 MK: TPX (short)
08/29/2015 10:38:16 MK: PII (SHORT)
08/29/2015 10:38:34 MK: INTC (SHORT)
08/29/2015 10:39:03 MK: BOFI (SHORT)
08/29/2015 10:39:19 MK: sorry but i have to take care of something so
i”ll watch the stocks on the recording
08/29/2015 10:55:10 MK: ok
08/29/2015 10:55:12 MK: thats fine
08/29/2015 11:06:07 Josey: Thank you Rod! part of todays discussion was
me. I am always learning from your teaching
08/29/2015 11:06:16 joep: same to you
08/29/2015 11:07:03 Charles Daniel: tks!