Market Technical Analysis - Idan's Rant and Comparison of 1929 crash to 2007-2009 crash

[popstone116]

Good Job, thanks a lot.

[jchan12345]

Please show charts while you are talking. You are not delivering your message to your audients.

[u05ikoren]

All my other videos have charts. This is the ONLY video with no charts.. check the others.

[jhi1947]

good video Idan.

[6enlighten9]

i think long term more bearish is what a lot of people are thinking actually.

[u05ikoren]

Not the investors.. everyone says you will be making more money 3 years from here..

[6enlighten9]

i guess thats true, but then again i guess it really depends on which information you are following. swing will be the best way to play for awhile i'm sure (at least for me.) overall the fundamentals are not sound enough for me to put faith in a quick recovery and in that aspect i believe you are correct.

[rsunderwood02]

Your best video yet!

[LondonCrusader]

omg, I seen you!

-

Seriously though, as always...good video!

Just one thing, please never present or get involved on CNBC. You are better than that ;)

[elwalvador]

And now STEC and MCO are showing up on my extremely oversold alerts.

Extremely overbought stocks AM, FFBC.

[zozo71zozo71]

very nice to see you!

:-))

[macroeconomiccrisis]

we will not have 15 years, we will have a currency crisis instead. Look at the forex there you will see things change very fast in the near future

[swasslikeme]

The dollar should actually be rallying for the period of time that everything else is collapsing. However, after all is said and done, the dollar will probably collapse simply from the need for the government to inflate out of it's debt or default on it. Just buy gold when it's cheap again, sit back and relax.

[andyb1979z]

Nikkei looks very weak. Check it out. Might get a downside surprise overnight on Sunday?

[u05ikoren]

possibly, especially a low volume day due to Yom Kippur means chartology support levels will be more insignificant. But I do expect either 1040 and 1035 to hold upon first bounce.

[sirzuke]

Cool, nice to see a face behind the legend....I thought you would have had blond hair.

[rockhardxrocker]

I thought he was going to be full asian. He looks hapa?

But I agree, good to see a face to the legend.

[swasslikeme]

Ideally the government would drastically cut spending, moderately reduce taxes, especially on businesses and investment, and try to make everything as favorable for a recovery as possible. Still, the bubble will have to deflate completely, so those measures by themselves wouldn't stop the correction, but it could weaken the downward correction and make it less deep. Any surpluses in taxes from a dramatic reduction in spending should be used to eliminate debt so we don't need to default on debt

[swasslikeme]

Idan, good analysis. One thing I might add to that is that the stimulus may actually be worsening things for the country, and indeed as other countries are in some cases following suit, the world. If the government were to have done nothing in terms of propping up the markets, it'd be very likely we would have seen a faster and deeper correction in the short term, but things would likely get better much more quickly. I would say top is in and 2015 is a good time for the markets to bottom.