The major bull offense that began in March 2009 has officially been halted with today's market action.
Notice that the yellow line on the Nasdaq, which is the 50 day MA, has now become resistance over the last 4 days. The 50 day MA has been acting as support since March 2009. In fact, the 50 day MA line was tested and held as support on: April 1 2009, May 26 2009, June 23 2009, July 7th - 10th 2009, September 3rd 2009, October 2nd 2009, October 28th - November 4th 2009 (where it was barely broke but regained quickly), November 27th 2009, December 9th 2009, and December 17th 2009.
But things get worse. A key trend line on the Nasdaq has also been broke.
In the short video below, I will show you this very important trend line and what the ramifications are for the Nasdaq. The video will also give you some downside targets and where you should consider using hit and run tactics on the long side.
The major bull offense that began in March 2009 has officially been halted with today's market action.
Notice that the yellow line on the Nasdaq, which is the 50 day MA, has now become resistance over the last 4 days. The 50 day MA has been acting as support since March 2009. In fact, the 50 day MA line was tested and held as support on: April 1 2009, May 26 2009, June 23 2009, July 7th - 10th 2009, September 3rd 2009, October 2nd 2009, October 28th - November 4th 2009 (where it was barely broke but regained quickly), November 27th 2009, December 9th 2009, and December 17th 2009.
But things get worse. A key trend line on the Nasdaq has also been broke.
In the short video below, I will show you this very important trend line and what the ramifications are for the Nasdaq. The video will also give you some downside targets and where you should consider using hit and run tactics on the long side.
The major bull offense that began in March 2009 has officially been halted with today's market action.
Notice that the yellow line on the Nasdaq, which is the 50 day MA, has now become resistance over the last 4 days. The 50 day MA has been acting as support since March 2009. In fact, the 50 day MA line was tested and held as support on: April 1 2009, May 26 2009, June 23 2009, July 7th - 10th 2009, September 3rd 2009, October 2nd 2009, October 28th - November 4th 2009 (where it was barely broke but regained quickly), November 27th 2009, December 9th 2009, and December 17th 2009.
But things get worse. A key trend line on the Nasdaq has also been broke.
In the short video below, I will show you this very important trend line and what the ramifications are for the Nasdaq. The video will also give you some downside targets and where you should consider using hit and run tactics on the long side.
Stocks Above I Currently Hold In My Own Trading Account: Long LIFE
Guerilla Trader Quote
“In October 2000, the Institutions were publishing positive fundamental data and analysis about Cisco's future. Just a few months later, Cisco announced it would lay off 17 percent of its workforce. Cisco stock fell from $45 to $11. Industry analysts, newsletter writers, politicians, and others often have connections to the stocks they recommend. Don’t be fooled by a clever mixture of the facts they wish you to hear and the opinions they want you to believe. Make your own decisions!”
Copyright 2009-2011 GuerillaStockTrading.com All rights reserved. No part or article on this website may be copied or duplicated without written consent from GuerillaStockTrading.com and Confab Publishing. Disclaimer: This Web site is designed to provide accurate and authoritative information on the subject of personal finances. It is provided with the understanding that neither the author nor the publisher is engaged in rendering legal, accounting, or other professional services by providing this Web site. The authors and publisher shall not be liable for any loss of profit or any other commercial damages, including but not limited to special, incidental, consequential or other damages. As each individual situation is unique, questions relevant to personal finances and specific to the individual should be addressed to an appropriate professional to ensure that the situation has been carefully and appropriately evaluated. This blog is for information and entertainment purposes only. Under no circumstances does this information represent a recommendation to buy or sell securities or any other type of investment instruments. See a licensed broker for investment advice.
Guerilla Stock Trading University