In this weekend's Saturday Review we discussed the blow-off top pattern we've been tracking for weeks-to-months. We discussed this week's topping signal and its confirmation(s). We discussed the past two sessions' weakness. Then, naturally, we discussed why another rally leg is likely. Stock chart analysis requests from subscribers were done during the session's last 45 minutes.
David B: good morning
Mark : hi
Gail : good morning
Mark : Would u expect the topping process to continue for a few
more days since u do not expect a close under 2100 on Mon?
Gary : The biotech sector has been very strong, what do you think
Mark : could u please repeat the answer to my Q as I had to
tamara : please review gold and oil please
David B: GOOGL,BBY
Mark : ok
Mark : CPLP - still looking for 10?
tamara : AMGN,CELG,GILD,BIIB,AAPL,KO,PFE
Mark : Euro longer term - looking lower perhaps on par with
Gary : breaking 342 or 335 would give direction?
David B: earnings this week too much optimism?
David B: greeting it from strength?
David B: tues
David B: before
David B: open
Gary : AMGN is 7% of IBB.
David B: FNSR,SDRL
Gary : the divergance between IBB and two of it's largest holdings
is very interesting.
David B: earnings on thursday
Mark : Euro longer term Q above
David B: AXP,SODA
David B: does 77 need to be tested?
David B: is a bottom in?
David B: what level a closed below would be a concern?
Gary : I never thought of using Fib. retracement this way. how did
you come up with this?
David B: not sure
David B: maybe because of MNST earnings
Mark : Euro Q
tamara : gold and oil
tamara : great Thanks so much Rod. Extremely helpful.
Mark : merci beaucoup
David B: thanks
Gary : Thanks