Technical analysis of the US stock market averages.This entry was posted on Wednesday, February 24th, 2010 at 5:42 pm and is filed under stock market. Follow the comments through the RSS 2.0 feed. You can post a comment, or leave a trackback.
This entry was posted on Wednesday, February 24th, 2010 at 5:42 pm and is filed under stock market. Follow the comments through the RSS 2.0 feed. You can post a comment, or leave a trackback.
the tuesday …
the tuesday morning consumer confidence spectacle brought indexes down.
February 24th, 2010 at 5:42 pm
Brain Shannon is …
Brain Shannon is sensational
February 24th, 2010 at 5:42 pm
I have been …
I have been thinking the exact same thing. The Australian market is doing the same.
Although we did not have the summer sell off this market has been going sideways for 3 months now. I think the picture is pretty clear we have seen a 50% retracement and now we are about to go into stage 3. This last year or so really reminds me of 1972-1973 just when everyone thought that the market was going higher it fell over and lost over 50% percent of its value
February 24th, 2010 at 5:42 pm
The video and sound …
The video and sound quality of this video is spectacular as compared to a lot of your recent videos. Whatever you’re doing Brian, PLEASE keep it up! Cheers!
February 24th, 2010 at 5:42 pm
5 Stars
5 Stars
February 24th, 2010 at 5:42 pm
Hi Brian, the sound …
Hi Brian, the sound quality of this video is MUCH BETTER than your recent videos. Thanks for the analysis!
February 24th, 2010 at 5:42 pm
This market is very …
This market is very similar now on the daily chart to the look the 2nd week of Dec 2007. That is when it sold off very hard and then squeezed a huge rally which was short of the Oct/07 highs at that point. Then we saw the 50 day MA as resistance and was newly declining. It also rallied over the 61.8% retracement before rolling over.
The only difference was it had some big previous selling in the summer of 07 before we made those all time highs.
February 24th, 2010 at 5:42 pm