Video Review and Analysis for 9/20/07
Posted on Thursday, September 20th, 2007 | In Current Market News
Contributed by: Brian Shannon (http://alphatrends.blogspot.com) -
A little profit taking was expected after Tuesday’s massive rally and so far, the nature of the pullback is impressive. Markets found support at the Volume Weighted Average Price (VWAP) of the last three days, that means that the average long purchase since Tuesday is still in a profitable position. It is still possible and maybe even likely that the market will pull back further, but remember that markets can correct through time as well as price. Time corrections are actually more bullish because it shows there is an underlying bid to the market and right now that seems to be the message this market is broadcasting.
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.