Feb. 7.09 :: Weekend Stock Market Review using Technical Analysis

www.FreeTradingVideos.com : Our financial analysts use technical analysis and candlestick charting to assess the stock market's broad market indexes. Bullish and bearish signals are defined using Japanese candlestick charting techniques, indicators

Category:

Education

Tags:

• technical analysis
• stock market
• candlestick charting
• cramer
• forex
• futures
• japanese candlesticks
• options stock trading
• bull rally

[mkalin23]

Hold on a second. What you refer to as "very cool" weekly action is only that way because you are fudging the downtrend line and cutting off tails. If you draw it including tails, it sure looks like we rallied right up to the line, but didn't break it.

In your opinion, will the 50 day moving average be significant resistance here?

In my opinion, whenever this awful stimulus package gets passed, we sell off hard.

[ds3v3n]

Hi mkalin---No "fudging" here. Trendline drawing is a science to me and I am borderline analretentive about them. After years of technical analysis study and teaching I have changed my antiquated way of thinking and began adhering to (with conviction) the cutting off of shadows. The longer you watch my videos or do your own study the more you will see unrealized complexities play themselves out over and over again. I still draw to highs and lows but they're secondary to me.

[talagor]

But wait a second...yesterday's video explained how the charts looked very bearish...and today the market shot straight up. With all due respect, what value is there to draw trendlines and look for patterns if they only help us predict correctly less than half the time? We'd be just as well off to flip a coin.

[factor82]

Fliping a coin would be not following TA nor keeping up with fundamentals.. It should have gone down,, but rule number 1 is nothing is 100% certain... Follow a good strategy though and your odds of long term trading success are on your side.. Much better odds than 50/50 or 'fliping a coin'. Besides,, if you paid attention,, he said yesterday we were right at resistance... We went up from the begining of the day.. So it wasn't hard to figure out that something else was happening.

[ds3v3n]

Factor82 you are spot on. Learning both technical and fundamental analysis is the only answer when playing this very serious game of probabilities. Those who do not know these skills are eaten alive in the markets. Thanks for your response.

[ds3v3n]

You are mistaken. I never said "very bearish" or anything like it. Please do not put words in my mouth. Go re-listen to the video. I was watching for a higher high above 850. If you have been keeping closer attention to all my videos you would have found for yourself that I am noticeably better than a mere 50/50 predictor as you had suggested.

[nnossov]

what I saw at the eod on friday is a bearish divergence on dow, spy and qqqq, so I am not sure but short term i think we will have a retracement to the downside. what do you think?

[wilsontt88]

Who the hell keeps on rating ds3v3n's videos less than 5 stars?

Seriously, there were too many ungrateful poeple out there.

[Schweizer135]

Bear bottoms are made at a PE of 8. We are over 20 now, so prepare for the "ugly," as you say, - it's coming. The VIX is about to break out of a huge bullish wedge - that's why it didn't drop late last week. That's a "tell" for where the market is going. DOWN.

[kbcnc20]

what's anyone think about FITB or HBAN (regional banks) for a daytrade or 1-2 day trade to the long side? Suppose to get more info from Treasury Sec. Geithner on Monday about bank rescue plans. These stocks were up huge last 2 days. Or, are they over sold??

[smallbighorn]

FAS and URE are a great buy here.  Get long!

[maximumvalues]

just defending you from these others - cant be perfect all the time or wed be multi-millionaires. any error is excusable as you are right more times than wrong. that is how probability works. if you take the same risks and are right 65% of the time you do well.

great videos!

[maximumvalues]

need the weekend off i do.. getting all triangled and trend lined out :) busy week..sorry.

[zozo71zozo71]

yes its abullish market for a short time !!

but who know,,,,,,,

only the nasdaq is stop in the upper of triangle(1600)

the outer(up triangle resist):

rut - 490

spx - 890

djia - 8700

so the nasdaq is difrrent from the outers!

i am long 70% short 30% for the week ahead