Direction
Source: http://alphatrends.blogspot.com/2008/11/direction.htmlPosted on Monday, November 10th, 2008 | In Technical Analysis Videos
Contributed by: Brian Shannon (http://alphatrends.blogspot.com) -
The early battle seems to be sellers at the daily VWAP and support above the resistance from Friday. It is impressive that the market can hold up (for how long?) with the weakness in stocks like GM, GOOG, GS, etc. The declining 5DMAis also reason to think further upside may be limited. No clear direction so far.
Last 5 posts by Brian Shannon
- Stock Market Video Trend Analysis 3/9/09 - March 9th, 2009
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- Stock Market Video Trend Analysis 2/3/09 - February 3rd, 2009
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 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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