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	Comments on: 5 Reasons Why The Stock Market Will Likely Rally Next Week	</title>
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	<link>https://rightsideofthechart.com/5-reasons-why-stock-market-will-rally/</link>
	<description>Stock Trading, Investing &#38; Market Analysis</description>
	<lastBuildDate>Mon, 23 Apr 2018 15:46:27 +0000</lastBuildDate>
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		<title>
		By: rsotc		</title>
		<link>https://rightsideofthechart.com/5-reasons-why-stock-market-will-rally/#comment-4437</link>

		<dc:creator><![CDATA[rsotc]]></dc:creator>
		<pubDate>Mon, 23 Apr 2018 15:46:27 +0000</pubDate>
		<guid isPermaLink="false">https://rightsideofthechart.com/?p=186797#comment-4437</guid>

					<description><![CDATA[In reply to &lt;a href=&quot;https://rightsideofthechart.com/5-reasons-why-stock-market-will-rally/#comment-4430&quot;&gt;kcao0228&lt;/a&gt;.

No, but if you bump me in a few weeks once volatility settles down I&#039;d be glad to make one. I believe that trendline drawing is more of an art than a science as to where &amp; when to draw trendlines on a particular security or index can be subjective. There are also other factors to consider such as the price settings on the chart (log scaling vs. linear/arithmetic) which will render different trendlines on the same security.
Again, feel free to ask me to do a video on that when things settle down in the market, such as a consolidation period. As of now, I&#039;m scrambling to keep up with questions, comments &amp; chart opinions from members as well as trading very actively in recent months.
First &amp; foremost, I have to prioritize my time in keeping up with the charts or else my analysis suffers &amp; then everything else (my own trading plus the analysis/trade ideas on the site) suffers.]]></description>
			<content:encoded><![CDATA[<p>In reply to <a href="https://rightsideofthechart.com/5-reasons-why-stock-market-will-rally/#comment-4430">kcao0228</a>.</p>
<p>No, but if you bump me in a few weeks once volatility settles down I&#8217;d be glad to make one. I believe that trendline drawing is more of an art than a science as to where &#038; when to draw trendlines on a particular security or index can be subjective. There are also other factors to consider such as the price settings on the chart (log scaling vs. linear/arithmetic) which will render different trendlines on the same security.<br />
Again, feel free to ask me to do a video on that when things settle down in the market, such as a consolidation period. As of now, I&#8217;m scrambling to keep up with questions, comments &#038; chart opinions from members as well as trading very actively in recent months.<br />
First &#038; foremost, I have to prioritize my time in keeping up with the charts or else my analysis suffers &#038; then everything else (my own trading plus the analysis/trade ideas on the site) suffers.</p>
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		<title>
		By: rsotc		</title>
		<link>https://rightsideofthechart.com/5-reasons-why-stock-market-will-rally/#comment-4436</link>

		<dc:creator><![CDATA[rsotc]]></dc:creator>
		<pubDate>Mon, 23 Apr 2018 15:39:22 +0000</pubDate>
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					<description><![CDATA[In reply to &lt;a href=&quot;https://rightsideofthechart.com/5-reasons-why-stock-market-will-rally/#comment-4432&quot;&gt;stock51&lt;/a&gt;.

I like IWM here. It just reversed off support around 155.25. Unless that level goes before then, my expectation is for IWM to rally up to the 158.34 level (again), which was the previous &lt;abbr class=&#039;c2c-text-hover&#039; title=&#039;1) A bounce/pullback off support/resistance and/or a temporary consolidation around that level following a well-established trend leading up to that point. 2) A reaction low or high is a distinct point where the price of a security changed direction.&#039;&gt;reaction&lt;/abbr&gt; high. Looks like an objective long here with a stop below 154.70 or so. Here&#039;s my 60-minute chart.

&lt;!-- copy and paste. Modify height and width if desired. --&gt; &lt;a href=&quot;https://content.screencast.com/users/RightSideOfTheChart/folders/Snagit/media/a904b3ec-92a5-4ef8-a83e-9a091a3bca05/IWM%2060-min%20chart%20April%2023rd.png&quot;&gt;&lt;img class=&quot;embeddedObject&quot; src=&quot;https://content.screencast.com/users/RightSideOfTheChart/folders/Snagit/media/a904b3ec-92a5-4ef8-a83e-9a091a3bca05/IWM%2060-min%20chart%20April%2023rd.png&quot; width=&quot;1144&quot; height=&quot;728&quot; border=&quot;0&quot; /&gt;&lt;/a&gt;]]></description>
			<content:encoded><![CDATA[<p>In reply to <a href="https://rightsideofthechart.com/5-reasons-why-stock-market-will-rally/#comment-4432">stock51</a>.</p>
<p>I like IWM here. It just reversed off support around 155.25. Unless that level goes before then, my expectation is for IWM to rally up to the 158.34 level (again), which was the previous <abbr class='c2c-text-hover' title='1) A bounce/pullback off support/resistance and/or a temporary consolidation around that level following a well-established trend leading up to that point. 2) A reaction low or high is a distinct point where the price of a security changed direction.'>reaction</abbr> high. Looks like an objective long here with a stop below 154.70 or so. Here&#8217;s my 60-minute chart.</p>
<p><!-- copy and paste. Modify height and width if desired. --> <a href="https://content.screencast.com/users/RightSideOfTheChart/folders/Snagit/media/a904b3ec-92a5-4ef8-a83e-9a091a3bca05/IWM%2060-min%20chart%20April%2023rd.png"><img class="embeddedObject" src="https://content.screencast.com/users/RightSideOfTheChart/folders/Snagit/media/a904b3ec-92a5-4ef8-a83e-9a091a3bca05/IWM%2060-min%20chart%20April%2023rd.png" width="1144" height="728" border="0" /></a></p>
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		<title>
		By: stock51		</title>
		<link>https://rightsideofthechart.com/5-reasons-why-stock-market-will-rally/#comment-4432</link>

		<dc:creator><![CDATA[stock51]]></dc:creator>
		<pubDate>Sun, 22 Apr 2018 01:56:58 +0000</pubDate>
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					<description><![CDATA[Thank you for the chart, what is your opinion on the IWM/RUT?]]></description>
			<content:encoded><![CDATA[<p>Thank you for the chart, what is your opinion on the IWM/RUT?</p>
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		<title>
		By: Dazi		</title>
		<link>https://rightsideofthechart.com/5-reasons-why-stock-market-will-rally/#comment-4431</link>

		<dc:creator><![CDATA[Dazi]]></dc:creator>
		<pubDate>Sun, 22 Apr 2018 01:03:20 +0000</pubDate>
		<guid isPermaLink="false">https://rightsideofthechart.com/?p=186797#comment-4431</guid>

					<description><![CDATA[Great post, Randy ~ Solidly constructed analysis, with a follow-thru Plan.
Good stuff.]]></description>
			<content:encoded><![CDATA[<p>Great post, Randy ~ Solidly constructed analysis, with a follow-thru Plan.<br />
Good stuff.</p>
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		<title>
		By: kcao0228		</title>
		<link>https://rightsideofthechart.com/5-reasons-why-stock-market-will-rally/#comment-4430</link>

		<dc:creator><![CDATA[kcao0228]]></dc:creator>
		<pubDate>Sat, 21 Apr 2018 21:42:11 +0000</pubDate>
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					<description><![CDATA[Hey randy thanks for the chart, do you have a video on how you determine these horizontal levels? Thanks]]></description>
			<content:encoded><![CDATA[<p>Hey randy thanks for the chart, do you have a video on how you determine these horizontal levels? Thanks</p>
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		<title>
		By: hengliu0714		</title>
		<link>https://rightsideofthechart.com/5-reasons-why-stock-market-will-rally/#comment-4429</link>

		<dc:creator><![CDATA[hengliu0714]]></dc:creator>
		<pubDate>Sat, 21 Apr 2018 20:49:18 +0000</pubDate>
		<guid isPermaLink="false">https://rightsideofthechart.com/?p=186797#comment-4429</guid>

					<description><![CDATA[Thanks for the follow-up Randy! I just finished my trading plan and the reasons why I think a bounce is likely. One more reason I&#039;m bullish for next week is due to the earnings, the market has been beaten down since late Jan, while the big economy environment did not change much, so my best guess is that we will see some good earnings in the next week.]]></description>
			<content:encoded><![CDATA[<p>Thanks for the follow-up Randy! I just finished my trading plan and the reasons why I think a bounce is likely. One more reason I&#8217;m bullish for next week is due to the earnings, the market has been beaten down since late Jan, while the big economy environment did not change much, so my best guess is that we will see some good earnings in the next week.</p>
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