Dana Lyons Commentary – Mon 17 Sep, 2018

The Concept Of Picking A Top Or Bottom

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

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Featuring:
Dana LyonsCory Fleck
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Comments:
  1. On September 17, 2018 at 9:27 am,
    CFS says:

    I look at risk-reward ratio probabilities.

  2. On September 17, 2018 at 9:31 am,
    CFS says:

    Ira’s morning…

    https://youtu.be/mA4vKcRokWk?t=32

  3. On September 17, 2018 at 9:34 am,
    CFS says:

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

  4. On September 17, 2018 at 9:44 am,
    Tom says:

    long PURA

    • On September 17, 2018 at 11:13 am,
      KLH says:

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

  5. On September 17, 2018 at 3:34 pm,
    irishtony says:

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

  6. On September 17, 2018 at 4:19 pm,
    Jason says:

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

  7. On September 17, 2018 at 6:59 pm,
    Excelsior says:

    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.

  8. On September 17, 2018 at 7:01 pm,
    Excelsior says:

    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

    • On September 17, 2018 at 7:17 pm,
      Excelsior says:

      ^ 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!

  9. On September 18, 2018 at 5:24 am,
    Excelsior says:

    (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

  10. On September 18, 2018 at 5:25 am,
    Excelsior says:

    (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

  11. On September 18, 2018 at 6:05 am,
    Excelsior says:

    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/