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. ...
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. ...
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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