Thanks, Dave for your excellent video! I have a question about your comment during the video: you said: normally, bond recovers first, then stock and then commodity. But then you gave the chart of DVN and stating that DVN may go higher from here. Isn't DVN a commodity stock?
Hey everyone, go long 🏈Semiconductors. Push all of the chips to the middle of the table. A double bottom formed. I will take the opposite trade. All in short!!!!!!!! I'm just not convinced of the double bottom.
After 12 days down we should get severial days up, Then resolve the down trend. In a overall downward market trend, how many day "bounce" do we get after a dozen downward days? I have heard from the old traders of a 5,3,5 5 days down 3 days up then 5 days down. What patterns are common with 12 days down. Nice job DAVID! WELL DESERVED THUMBS UP!
I love Mish! I have many charts annotated with ideas I got from her.
"Equities in all their glory"...I laughed when hearing that!
Thanks, Dave for your excellent video! I have a question about your comment during the video: you said: normally, bond recovers first, then stock and then commodity. But then you gave the chart of DVN and stating that DVN may go higher from here. Isn't DVN a commodity stock?
Fantastic question and added to the list! D
Dave, do you hold any equity in your portfolio? Or are you waiting for lower entry point?
Most of my money I run with momentum models, and at this point I'm at about 30-35% equities which is very much below average! Super defensive. D
What a fun day
Hey everyone, go long 🏈Semiconductors. Push all of the chips to the middle of the table. A double bottom formed.
I will take the opposite trade. All in short!!!!!!!!
I'm just not convinced of the double bottom.
You and me both Ken. D
👍
AAPL was a huge buying opp today
you think?
@@thomasj4057 yes. Expect them to buy tons of stock back
SHORT FLSR.
Dow cant fall much if HD BA MSFT AAPL are near bottoms
After 12 days down we should get severial days up, Then resolve the down trend. In a overall downward market trend, how many day "bounce" do we get after a dozen downward days? I have heard from the old traders of a 5,3,5 5 days down 3 days up then 5 days down. What patterns are common with 12 days down. Nice job DAVID! WELL DESERVED THUMBS UP!
We bounce until VIX is near 20.
@@ruthlessluder My guess is that we hit a vix of 40 before we hit 20 ... maybe 6 to 8 weeks out.
@@TheDWZemke November/December we go higher
MS is the best