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Comments on: The Universe, week of Sep 21 2015… Testing defenses. https://rd.johnlander.me/the-universe-week-of-sep-21-2015-testing-defenses/ Futures Market Timing | chaRTroom | Technical Analysis | Instruction Wed, 23 Sep 2015 17:51:43 +0000 hourly 1 https://wordpress.org/?v=6.9.4 By: Rod David https://rd.johnlander.me/the-universe-week-of-sep-21-2015-testing-defenses/#comment-115 Wed, 23 Sep 2015 17:51:43 +0000 http://www.roddavid.com/?p=4849#comment-115 In reply to Brett Halloran.

VLKAY — 31 is tough resistance for awhile. It should be probed eventually to at least fill the gap back up to higher prior lows at 36. But the first attempt at it should be knocked back down.

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By: Brett Halloran https://rd.johnlander.me/the-universe-week-of-sep-21-2015-testing-defenses/#comment-114 Wed, 23 Sep 2015 16:59:56 +0000 http://www.roddavid.com/?p=4849#comment-114 Hi Rod, do you have any support/resistance parameters for VLKAY. I’m averaged in at 28 at the moment and trying to figure out a sell target.

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By: fennecby https://rd.johnlander.me/the-universe-week-of-sep-21-2015-testing-defenses/#comment-113 Wed, 23 Sep 2015 13:54:55 +0000 http://www.roddavid.com/?p=4849#comment-113 In reply to Rod David.

got it. thanks.

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By: Rod David https://rd.johnlander.me/the-universe-week-of-sep-21-2015-testing-defenses/#comment-112 Wed, 23 Sep 2015 13:39:20 +0000 http://www.roddavid.com/?p=4849#comment-112 In reply to fennecby.

WYY — A very favorable technical configuration appeared yesterday, when its post-open sell-off tested the consolidation from Friday’s lows. That allowed comparison of their respective RSIs, which diverged positively. Price action since then hasn’t disagreed, and also firmed into the close. Now extending higher at this morning’s open can get a benefit of the doubt for at least launching a corrective bounce targeting 1.10-1.15.

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By: fennecby https://rd.johnlander.me/the-universe-week-of-sep-21-2015-testing-defenses/#comment-111 Wed, 23 Sep 2015 10:40:32 +0000 http://www.roddavid.com/?p=4849#comment-111 Morning Rod.
After Friday’s capitulation (?) and another huge volume day Monday, a 4 million stock block was bought yesterday on WYY towards the end of the day. Seems some serious defense is being played at these levels. If this indeed triggers even a temporary bounce, where would you expect it to falter? Around 0.98 (previous bottom’s low)?

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By: Rod David https://rd.johnlander.me/the-universe-week-of-sep-21-2015-testing-defenses/#comment-110 Tue, 22 Sep 2015 13:36:11 +0000 http://www.roddavid.com/?p=4849#comment-110 In reply to fennecby.

ADSK — Its biggest challenge right now is in recovering 49.50. Anything under that is more in-line with a pennant pattern that is waiting to resolve down and resume its recent decline

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By: fennecby https://rd.johnlander.me/the-universe-week-of-sep-21-2015-testing-defenses/#comment-109 Tue, 22 Sep 2015 13:03:55 +0000 http://www.roddavid.com/?p=4849#comment-109 In reply to Rod David.

thanks (ooh, threads! nice).

How does ADSK look to you here?

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By: Rod David https://rd.johnlander.me/the-universe-week-of-sep-21-2015-testing-defenses/#comment-108 Tue, 22 Sep 2015 09:20:33 +0000 http://www.roddavid.com/?p=4849#comment-108 In reply to fennecby.

AERO — There’s nothing compelling about the pattern, not when new lows “die on the vine” instead of attracting new interest that makes price action more volatile.

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By: fennecby https://rd.johnlander.me/the-universe-week-of-sep-21-2015-testing-defenses/#comment-107 Tue, 22 Sep 2015 07:40:41 +0000 http://www.roddavid.com/?p=4849#comment-107 got it re AERO.
so what’s the next step / secret ingredient to be looking for?

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By: Rod David https://rd.johnlander.me/the-universe-week-of-sep-21-2015-testing-defenses/#comment-106 Mon, 21 Sep 2015 19:09:48 +0000 http://www.roddavid.com/?p=4849#comment-106 In reply to Kite Gradient.

VAPE — I don’t analyze the corporate side, but I’m closely monitoring price action now that the .09 is being probed

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