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Options and Stock Market Technical Chart Analysis for April 16, 2009 by Idan Koren

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Uploaded by on Apr 16, 2009

Today I only provided a short brief updated despite being incredibly busy because I felt obligated to tell you that I was wrong in thinking that the next move was probably to the down side. At around noon, I told my traders that it was time to look for bullish trades instead of bearish because this SPY wants to go to 87.50$, despite a few good trades at the end of the day, overall the portfolio fell 2%. We look at SPY and GS.

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  • I took your advice and bought call options on GLD today. I hope it goes up.. :(

  • The mark of a good trader and a truly real dude............. Admiting when you were wrong!

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