Dec. 9.08 :: Stock Market review on the S&P500 Index

[patriotsundergod]

I agree with you that the potential is bias to the downside. Great analysis.

[andyb1979z]

I'm gonna start watching these every day.

I watched the weekend one, fortunately I had entered a trade on Friday, exited Monday and Tuesday.

I have one question - how on earth does this work? How do millions of disconnected people manage to fit between trend lines and adhere to statistical principles?

Excellent work thanks.

[ds3v3n]

Great question, Andy. Because teaching of standard technical analysis is universal we (those in the know) all tend to draw the same or similar trendlines. Once the trendlines "prove" themselves you have yourself either resistance or support. Cool stuff.

[andyb1979z]

Ahh right ok, so basically, because the trend lines work, people trade the trend lines, which makes the trend lines work.

I just started learning about this stuff (and yes patriot I have a small account balance). Very interesting. Thanks for taking the time to share the knowledge :)

[davecata]

GM bailout might be the one to push us over the top. The market seems to be waiting for it as a signal to start buying again.

[guitarbam]

Thanks..

[woofnail]

This was a great video, you've been bookmarked...

[mikevid3124]

thanks!

[zozo71zozo71]

yes 'we are now very closer to critical decision in the market.

[DesiRemixTube]

The bailout news might pump little bit and might acts as the support at the triangle line.

[maximumvalues]

is this not called a gap up island reversal just like we saw last month around the same time of the month?

[ds3v3n]

Island gaps usually do not have overlapping shadows or bodies...Thanks for your regular comments, maximum.. I LOVE them!!!

[maximumvalues]

anyone who watches this market on a daily basis knows this is highly manipulated. once Obama is in... they will pull the plug. im 100% short.

[patriotsundergod]

you must not have a big account balance... lol

[maximumvalues]

hmmmmmmmmm... here we go again.. mid month decline?

[talagor]

Good stuff!