Video Review and Analysis for 8/7/07
Posted on Tuesday, August 7th, 2007 | In Current Market News
Contributed by: Brian Shannon (http://alphatrends.blogspot.com) -
After all the recent doom and gloom, the market seemed to be looking for a reason to rally and today it found one. Once the initial volatility that typically follows a Fed announcement was cleared, buyers took control by pushing past the recent downtrend lines on the intraday charts we have been watching and it now looks like the upside targets I outlined yesterday could come into play. The daily charts are still deeply damaged right now which means you need to keep stops in place as volatility is likely to remain high. Remember, DEFENSE WINS THIS GAME!
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 |
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