Stock Market Analysis 2/22/10

[ashkenazimindcontrol]

the tuesday morning consumer confidence spectacle brought indexes down.

[ashkenazimindcontrol]

Brain Shannon is  sensational

[Esoteric604]

The video and sound quality of this video is spectacular as compared to a lot of your recent videos. Whatever you're doing Brian, PLEASE keep it up! Cheers!

[loveguitars]

5 Stars

[huttonp1]

Hi Brian, the sound quality of this video is MUCH BETTER than your recent videos. Thanks for the analysis!

[endlessmountain]

This market is very similar now on the daily chart to the look the 2nd week of Dec 2007. That is when it sold off very hard and then squeezed a huge rally which was short of the Oct/07 highs at that point. Then we saw the 50 day MA as resistance and was newly declining. It also rallied over the 61.8% retracement before rolling over.

The only difference was it had some big previous selling in the summer of 07 before we made those all time highs.

[carlfinkle]

I have been thinking the exact same thing. The Australian market is doing the same. Although we did not have the summer sell off this market has been going sideways for 3 months now. I think the picture is pretty clear we have seen a 50% retracement and now we are about to go into stage 3. This last year or so really reminds me of 1972-1973 just when everyone thought that the market was going higher it fell over and lost over 50% percent of its value