Tuesday, March 10, 2009

Options and Market Technical Chart Analysis for January 22, 2009 by Idan Koren

(My Original Blog Post: http://www.latesttrendsguide.com/?p=3988)





Today we look back at last month and see what has happend, and where we're headed. We believe we have started wave 5, and maybe are at the subwave 2 of that wave. The ultimate result should lead a lower push in the coming days/weeks to at least a double bottom area on the SPX. We look at the SPY to see any possible hints to a bear flag, and at AAPL for a shorting opportunity. We believe you should look for bearish opportunities as the economy should worsen on downgrades of EPS forcasts. ...

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