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The Concept Of Picking A Top Or Bottom

Cory
September 17, 2018

No matter where you look we hear “experts” calling tops and bottoms in a wide range of markets. We also hear how spot on it seems everyone is at calling the exact top or bottom. The fact is these people were usually calling the same top or bottom for months if not years prior. An even more important point is that trying to call that exact turn is a risky game.

Dana Lyons joins me today to discuss his thoughts on how to trade around market turns. He addresses which is easier to call and outlines some charts (below) for the US markets that should be noted.

Click download link to listen on this device: Download Show

Click here to visit Dana’s site – The Lyons Share Pro.

Discussion
14 Comments
    CFS
    Sep 17, 2018 17:27 AM

    I look at risk-reward ratio probabilities.

    CFS
    Sep 17, 2018 17:31 AM
    CFS
    Sep 17, 2018 17:34 AM

    Beware of Robinhood crypto exchange. They are selling traders’ personal data.

    Tom
    Sep 17, 2018 17:44 AM

    long PURA

      KLH
      Sep 17, 2018 17:13 AM

      Long RNKLG (RNC Minerals). Major high grade gold discovery at their Beta Hunt mine in western Australia.

    Sep 17, 2018 17:34 PM

    Anybody see the daily chart for Platinum , today…….Weird !!!

    Sep 17, 2018 17:19 PM

    Bagged 40% last week and 20% this week on PDD. China IPOs rocking da house!

    Sep 17, 2018 17:59 PM

    I agree with Dana that it is easier to position near bottoms because they are generally emotional capitulation events.

    However, there are many chartists that have used Fibonacci retracement levels, or Japanese Candlestick patterns, or Trend-line Support, or Slow Stochastic crosses, or Pivot levels to nail bottoms with a science and methodology to their approach.

    To say traders can’t use TA to hit tops and bottoms is bull. It isn’t easy, but it has happened repeatedly in many markets from Gold, to Oil, to Biotech, to ETFs. For goodness sakes, you guys have had Rick Ackerman on for years and he’s nailed dozens of tops and bottoms just using his method.

    Sep 17, 2018 17:01 PM

    MEET THE “REAL CRYPTO KITTIES”: NEW MINING KIT HAS PETS MAKING MONEY FOR THEIR OWNERS
    By Mike Stenger – Decentric – 2018.09.06

    “Fast-growing San Diego Tech company, XY, has built a location network called “XYO Network” which enables devices called “Geominers” to generate crypto for their owners. Best part? It works best on your pets collar.”

    https://featured.decentric.org/xyo-xy-equity-direct-tracking23253641?cpid=28c429f2-ec50-4f1e-9030-2956eff42d71&campaignid=1496598439&keyword=gold%20stock%20market&placement=www.stockcharts.com&targetid=kwd-122608890&adposition=none&gclid=EAIaIQobChMIzIWe8LHD3QIVSm_BCh3R4QXVEAEYASAAEgJ_ivD_BwE

      Sep 17, 2018 17:17 PM

      ^ I retired from investing today, and have deployed a full fleet of cats and dogs with Geominers, and am just going to let the pets mine cryptos and do all the work from now on. Cheers!

    Sep 18, 2018 18:24 AM

    (TK) (TKRFF) Tinka Reports Additional Step-Out & Infill Drill Holes at Ayawilca and Highlights Upper Manto Discovery

    @newswire on September 18, 2018

    https://ceo.ca/@newswire/tinka-reports-additional-step-out-infill-drill-holes

    Sep 18, 2018 18:25 AM

    (SBB) (SGSVF) Sabina Gold & Silver Grows the Llama Extension to Over 400 Meters Along Strike

    by @nasdaq on September 18, 2018

    https://ceo.ca/@nasdaq/sabina-gold-silver-grows-the-llama-extension-to-over

    Sep 18, 2018 18:05 AM

    Bob Moriarty: Stock Market Crash Coming, Marijuana Stocks Are The Next Bubble

    SEP 18, 2018

    http://energyandgold.com/2018/09/18/bob-moriarty-stock-market-crash-coming-marijuana-stocks-are-the-next-bubble/