SPY Bounce?
Source: http://alphatrends.blogspot.com/2008/09/spy-bounce.htmlPosted on Thursday, September 4th, 2008 | In Technical Analysis Videos
Contributed by: Brian Shannon (http://alphatrends.blogspot.com) -
If it is going to get one, this seem like a spot for it to happen. The trend is clearly lower, if you buy it is VERY HIGH RISK. There is NO EVIDENCE of a bottoming process. This IS NOT a suggestion to buy, the markets are still vulnerable below the declining daily VWAPs.
Last 5 posts by Brian Shannon
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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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