Video Review and Analysis for 8/28/07
Posted on Wednesday, August 29th, 2007 | In Current Market News
Contributed by: Brian Shannon (http://alphatrends.blogspot.com) -
We got our answer to the question I posed yesterday about what the sideways action on the 10 minute timeframes meant. I pointed out that the declining 50 day MA meant we had to be prepared to exit any longs quickly and hopefully you were able to do that and then find downside exposure. The market also gave clues to todays action with the semiconductors when I mentioned how “from failed moves come fast moves” about yesterday’s action in the semis. We will continue to give the benefit of any doubt to sellers but will also be prepared to lock in any gains from shorts as the market dictates.
Stocks Covered: (SPY) (QQQQ) (SMH) (IWM)
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.