Posted by: OBAMA September 15, 2011
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Team player,
good call on NFLX.....it was bound to go down
Looks like we have started believing here on market bottom for this summer.
Any chart watchers???? Tyranny posted S&P chart above.....i see a clear bear flag forming....personally i believe market has made its bottom for this year....but still thinking how that bear flag will play out....bears are still out there growling...after test of 1235-1260 on S&P, we might see a violent jerk on downside attempting to takeout 1140-1120-1100. If we break out above 1260, year lows will be already made.
Happy Investing/Trading Folks
good call on NFLX.....it was bound to go down
Looks like we have started believing here on market bottom for this summer.
Any chart watchers???? Tyranny posted S&P chart above.....i see a clear bear flag forming....personally i believe market has made its bottom for this year....but still thinking how that bear flag will play out....bears are still out there growling...after test of 1235-1260 on S&P, we might see a violent jerk on downside attempting to takeout 1140-1120-1100. If we break out above 1260, year lows will be already made.
Happy Investing/Trading Folks