Saturday Review’s recording (for 9/19/15) … WedEX, Fri, and Mon.
Confused by the WedEX setup? In this week’s Saturday Review, I do my best not to confuse you even more. Good luck with that. We also discuss the “failed Ascending Triangle” types and their consequences, and expiration’s possible resolutions Monday.
The following stock requests were reviewed in this order:
RY, MFC, SU, XLP, AAPL
09/19/2015 09:35:09 Steve: gm
09/19/2015 09:36:00 Charles Daniel: hi0
09/19/2015 09:36:09 Mark Glezer: gm
09/19/2015 09:36:16 s: Since you given us and understanding that WedEx
influences Friday afternoon and Monday morning, I’m concluding that your
recent comments about yesterday morning’s rally indicate that while the
WedEx influence manifests on Fri afternoon and Mon morning, if an
INVERSION is occurring, this is evident on Friday MORNING. Can you
please confirm this interpretation of your statements?
09/19/2015 09:41:28 s: From your post-market Wrap: “The morning rallied,
so WedEX couldn’t be inverted, only invalidated.”
09/19/2015 09:44:40 s: So then, Friday MORNING is relevant to WedEx.
09/19/2015 09:44:55 s: (albeit not influenced by it)
09/19/2015 09:45:35 Mark Glezer: is it possible that bullish
implications signalled at Wed close already played out with Thu
afternoon surge that made it easier to invaliidate WedEx, in case it is
invalidated?
09/19/2015 09:49:06 Steve: If the Wed-ex plays out and Monday afternoon
is higher, does it signal anything thereafter or is it then done.
09/19/2015 09:51:12 Mark Glezer: Would u still qualify as bullish WedEx
if another gap down rallies Mon morning?
09/19/2015 09:52:30 ljr: stocks: ry, mfc plz. I will watch recording
09/19/2015 09:56:43 s: still active
09/19/2015 09:57:09 ljr: stocks: su and xlp. thx
09/19/2015 09:58:12 s: No, I didn’t say that an invesion IS occurring,
I’m asking if you’re saying that Friday MORNING can inform us of an
inversion
09/19/2015 09:59:27 s: you mis read this: “….IF an INVERSION is
occurring, this is evident on Friday MORNING.”
09/19/2015 10:05:34 Bill G: Would you expect Thursday’s prior higher
lows to be probed prior to a durable decline?
09/19/2015 10:05:47 s: thx, that helps me understand the relevance of
other timing windows to WedEx
09/19/2015 10:05:51 Mark Glezer: retest of Thu high is still possible in
this context and still be vulerable to reversing down sharply?
09/19/2015 10:13:56 Mark Glezer: haha
09/19/2015 10:15:51 Mark Glezer: delining from just retesting 1977 area
high prior lows would not be as bearish as retesting the high?
09/19/2015 10:16:18 Mark Glezer: k
09/19/2015 10:16:29 steve: can a near term rally succeed and go on to
new all time highs or is a near term rally doomed.
09/19/2015 10:16:58 Charles Daniel: good q
09/19/2015 10:27:45 Bill G: Another mkt question. Wouldn’t it be unusual
to have an important durable turning point to be so directly tied to a
news event like the Fed meeting? Another reason for a rally?
09/19/2015 10:29:53 s: Can you review why Thursday’s action did not meet
the requirements of a pivot reversal?
09/19/2015 10:32:21 Bill G: Mathimatically the bar high will not be the
high unless it closes at a new high since rsi is based on closses?
09/19/2015 10:33:02 s: If the breakout of the ascending triangle is
false, how can that be sponsored by ‘strong hands’?
09/19/2015 10:36:15 s: : )
09/19/2015 10:36:29 Mark Glezer: lol
09/19/2015 10:36:44 s: classic
09/19/2015 10:37:38 Mark Glezer: thx much
09/19/2015 10:37:58 Bill G: Have a good one
09/19/2015 10:38:21 Charles Daniel: tks
09/19/2015 10:38:26 s: thx