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Again, Im new to MS and the Feb second was my first End of Month call with Scott and team...
And it it fairly clear that you dont get on the call to pick Scotts brain as to which stock you should be buying at noon on a Thursday, he will not tell you so please dont ask and quite farnkly it is irritating to have to hear him use his inside voice to tell you this call is not about telling you which stocks you should be buying...
That said, if you are going to ask questions ask WHY, WHY, WHY... Try to learn from him dont just think someone else is going to give your the answers...
So let me tell you my story, now I love learning from Masters and I think Cesar Millan you know the Dog Whisperer, is amazing, one if his techniques is to have the dog owner wait till you see, hear and feel the shift it the dogs energy before trying to ask the dog to do anything for you...
Well, if you were on the call at Noon on Thursday there was a shift alright you could hear it and feel it as they were going throgh the charts all was good till Scott saw SWI, Well you could say that there was a shift in his energy, he saw what we should all be looking for, so I asked my self Why did he like that chart...
Now you have to remember that this was on the 2nd of Feb, so put you pointer on that day and ask what did he see... Why did this chart grab him, could it have been the...
*nice cup
* Price was approaching the pivot
*The 50 was also tight to the price
*Volume was picking up
* Then he saw the weekly and it was all over
* I use the Sto's not sure he does but both Sto's were heading up, showing momentum
You will have to listen to the replay to learn about the shift:)
And sure enought if you had the nuts to hold the stock through the earning this morning you won...
Please anyone, What else do you think Scott saw in that chart on the 2nd, Weekly and Daily that I did not mention, now with the volume up 480% SWI is sure to get IBD mention and a pop on Wed but that is not stock picking, I want to be able to feel the energy in the chart, and maybe that is what Scott saw that the rest of us just have to learn how to yet... as all charts are Fear and Greed
If you have not Read Malcolm Gladwell's "Outliers" you really should as he explains that there is one overriding characteristic that poeple that are better then good do, and that is that they have spend over 10,000 hours doing what they do to get better then good at what they do...
Hefferos, I'm not familiar with this "end of the month call" - do you mean the weekly webinar? I believe the one with Scott was held on 1/31, and yes, I too noticed the double-take ..
Nice comment about energy in a chart. And yes, I'm working towards the 10k hours as well - right now I'm at the point where my intuition is just beginning to kick in, but as I'm not sure whether its intuition/wishful thinking that happens to pan out, its early days yet.
Sorry I was dead wrong the specific name is "Monthly Market Recap" , and while it may have been played first on 1/31 I heard it on Feb 2nd thinking it was live... My fault
Great Point here: that is why you do not buy on comments you hear as they may be 3 days old...
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