Monday, March 9, 2009

Market Technical Chart Analysis for February 27, 2009 by Idan Koren

(My Original Blog Post: http://www.latesttrendsguide.com/?p=3985)





Today we stepped back, and looked at how the bears managed to break the novemeber lows, and are now aiming lower for what could be a potential capitulation bottom (crash). We step back, and look at many signs that tell us that the next short term bottom could be somewhere between 60-65$, and that the true bottom will either be in the 50-55 $ range or could go as low as the 40-43$ range. A lot of signs indicate that we have broken down, as the volume spiked up today. We look at the VIX in ...

No comments: