Contrarian Commentary , The Week Ahead 10/17/09

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Uploaded by on Oct 17, 2009

www.thecontrariantrader.com
In this week's commentary we discuss the misleading earnings reports that are being reported and how the market is reacting to them. Banks remain in the spot light as or short trades. We also discuss new trades added to our Watch List.

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  • You may be right. A lot of stocks are still breaking out of bases on decent volume. Every sell off is usually weak, even on traditional sell off days like Friday. Plus, the S and P resistance at 1100 is a minor gap that was almost filled at the first try. I think S and P 1200-1250 is where we find major supply that will halt this rally. Probably best to stay long til Christmas. Things wont go down quick as tops take some time to form.

  • I think that the DOW will go up this week about 500 pt. Then I think that it will go down starting on the 26th, and it will go down quick.

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