Video Review and Analysis for 8/15/07
Posted on Wednesday, August 15th, 2007 | In Current Market News
Contributed by: Brian Shannon (http://alphatrends.blogspot.com) -
It seemed eerily quiet mid day and I was thinking that might indicate a squeeze was coming. The market rallied for about 20 minutes (in the Qs it made it right up to the recent intraday downtrend line, prior support at 47.00 and the daily pivot) then it sold off hard once again. The S&P 500 joined the Russell 2000 and is now down for the year, a close below 43.16 will put the Qs there as well. The path of least resistance remains lower and it doesn’t look ready to turn anytime soon.
Last 5 posts by Brian Shannon
- Stock Market Video Trend Analysis 3/9/09 - March 9th, 2009
- Stock Market Video Trend Analysis 2/6/09 - February 6th, 2009
- Stock Market Video Trend Analysis 2/5/09 - February 5th, 2009
- Stock Market Video Trend Analysis 2/3/09 - February 3rd, 2009
- Stock Market Video Trend Analysis 2/2/09 - February 2nd, 2009
 About Brian Shannon (http://alphatrends.blogspot.com)
Brian Shannon is a full time trader who shares his market experiences on the highly popular alphatrends.blogspot.com site. Alpha trends has been called "the youtube of technical analysis" by Technical Analysis of Stocks & Commodities Magazine (March 2007) and has been praised in Barron's (October 23, 2006) and Active Trader Magazine (July 2007). Brian trades an account at www.worldcupadvisor.com since March 2006 and in that time has more than tripled the results of the S&P 500. He can be reached at alphatrends@gmail.com |
No recommendations, either expressed or implied, are being made to buy, sell, hold or short any of the mentioned stocks. No legal, tax or accounting advice is expressed or implied. Always contact your attorney, CPA, or tax advisor before acting on any legal or tax issues. StraightStocks.com is not responsible for the content, products, or services of any of the advertisers on this site. StraightStocks.com receives compensation from advertisers on this blog. Services and products referred to herein are trademarks, registered trademarks, servicemarks, and/or registered servicemarks of their respective trademark or servicemark owners.