Tuesday, March 17, 2009

Options and Stock Market Technical Analysis for March 5, 2009 by Idan Koren

(My Original Blog Post: http://www.latesttrendsguide.com/?p=4124)





Today we reiterated our views on the market, and how we have successfully managed to trade the ups and downs according to fibonacci retracements. The move on monday was very predictable, and so was the move today. We believe that today's last 2 10 minute candles could be a dead cat bounce and that tomorrow could be another move lower, but very soon we should be starting elliot subwave 4 of wave 5, which should provide a week of bullishness in the market before we begin the last move lower of ...

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