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Comments on: The Universe, week of Nov 9 2015… https://rd.johnlander.me/the-universe-week-of-nov-9-2015/ Futures Market Timing | chaRTroom | Technical Analysis | Instruction Thu, 12 Nov 2015 14:51:40 +0000 hourly 1 https://wordpress.org/?v=6.9.4 By: Rod David https://rd.johnlander.me/the-universe-week-of-nov-9-2015/#comment-369 Thu, 12 Nov 2015 14:51:40 +0000 http://www.roddavid.com/?p=14240#comment-369 In reply to Adrian Avant.

PFE — The late-August reaction down confirms the preceding action was topping. The question is whether that reaction down fulfilled it. I don’t see the price action since 10/28 as distinguished from the uptrending that preceded it. I wouldn’t get bearish again within this range, not without first probing new highs above 36.50, or else closing back under 30.50.

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By: Adrian Avant https://rd.johnlander.me/the-universe-week-of-nov-9-2015/#comment-368 Thu, 12 Nov 2015 02:10:44 +0000 http://www.roddavid.com/?p=14240#comment-368 Hey Rod. What are your thoughts on PFE? Do you think that the feb – aug timeframe was a topping/distributive pattern? Do you consider the price action since Oct 28th to be a descending triangle? If not/so what are your targets, if any?

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By: Rod David https://rd.johnlander.me/the-universe-week-of-nov-9-2015/#comment-367 Wed, 11 Nov 2015 19:22:38 +0000 http://www.roddavid.com/?p=14240#comment-367 In reply to casjf.

KMI — Right, still a falling knife, no accumulation. That said, the nearest point for a temporary bounce to begin could be 23.70 to 26.45.

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By: Rod David https://rd.johnlander.me/the-universe-week-of-nov-9-2015/#comment-366 Wed, 11 Nov 2015 19:20:05 +0000 http://www.roddavid.com/?p=14240#comment-366 In reply to Josey.

ECIG — I wasn’t monitoring at the time, but I assume that’s a reaction to earnings? That makes the overbought RSI a product of weak-handed knee-jerk reaction. That does not require a retest. If it were ongoing trending that took RSIs (both 1-minute and 3-minute) overbought or oversold, then pretty much all available STRONG handed sponsorship would have been behind that move, making the reaction WEAK handed and due to be retraced.

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By: casjf https://rd.johnlander.me/the-universe-week-of-nov-9-2015/#comment-365 Wed, 11 Nov 2015 18:28:03 +0000 http://www.roddavid.com/?p=14240#comment-365 KMI – Now at 24.31, below the 24.70 that was the even lower support. I’m assuming no bottom-fishing, correct? Or is this a good place to buy? What could be the potential bounce if so?

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By: Josey https://rd.johnlander.me/the-universe-week-of-nov-9-2015/#comment-364 Wed, 11 Nov 2015 18:03:05 +0000 http://www.roddavid.com/?p=14240#comment-364 Hi Rod, Is ECIG required to retest .38 + due to the oversold RSI? TY

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By: Rod David https://rd.johnlander.me/the-universe-week-of-nov-9-2015/#comment-363 Wed, 11 Nov 2015 14:47:25 +0000 http://www.roddavid.com/?p=14240#comment-363 In reply to joe.

CARA — Not closing above 17.75 after probing it does undermine the bounce’s strength. That was the minimum objective and its attraction now neutralized. Closing today above yesterday’s high would give the upside more momentum.

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By: guanito https://rd.johnlander.me/the-universe-week-of-nov-9-2015/#comment-362 Wed, 11 Nov 2015 14:28:24 +0000 http://www.roddavid.com/?p=14240#comment-362 Yes – nice call on CARA Rod.

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By: joe https://rd.johnlander.me/the-universe-week-of-nov-9-2015/#comment-361 Wed, 11 Nov 2015 12:25:43 +0000 http://www.roddavid.com/?p=14240#comment-361 Good Morning Rod….CARA….Bounced as high as $18.12 & closed at $17.25 yesterday on earnings report, so are we still in an uptrend or is the bounce over?

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By: Rod David https://rd.johnlander.me/the-universe-week-of-nov-9-2015/#comment-360 Tue, 10 Nov 2015 17:59:16 +0000 http://www.roddavid.com/?p=14240#comment-360 In reply to casjf.

AMSG — It doesn’t look like a the stock wants to decline, at least without probing new highs.

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