Tuesday, March 10, 2009

Options and Stock Market Technical Chart Analysis for March 6, 2009 by Idan Koren

(My Original Blog Post: http://www.latesttrendsguide.com/?p=3987)





Today we look at AAPL, GS, SPY, GLD and VIX charts to determine where we're headed in the week to come. We analyze the two different short squeeze rallys that we had at the end of yesterday and today and come to the conclusion that we might have seen the bottom of subwave 3(5) this afternoon. GS chart was very weak throughout the last week, and it finally broke the head and shoulders which sets a target of 60-65$ for the stock. With subwave 4 practically here, we could see a small rally in ...

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