to resume the selloff to the lows. This video looks at the technical analysis chart and gives the current picture for stock and stock index traders. Asoka Selvarajah is a former investment banking trade strategist with major Wall Street firms such as Merrill Lynch and Bear Stearns. He covers trading in commodity, stock, stock index, futures, option and forex currency trading from a technical analysis perspective. From day trading to the longer investment time-frame, we look at financial …
December 15, 2009
Dow Jones Stock Market June 2009
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this analysis has a major flaw…it failed to recognize a major change in the short-term trend. I fell into the same trap, of using long term moving averages and watched the market rally nearly 1500+ points from here. Technically, the market is still in a downtrend, long-term, but I would wait for the trend to turn back over, on a daily chart basis. Thank you for posting though.
Comment by prodigee411 — December 15, 2009 @ 10:48 am
Hello there
I am Jeff Fisher
Partners with Al Gore and Sir Richard Branson
Number one Buy Apple Stock Buy yahoo
Dump Microsoft Dump Google
Oh I plan on being the President of the United States in 2013 with Ron Paul as my Vice President
Please attach all great Apple youtubes to the youtube Jeff Fisher Addresses the world part one
Comment by MelchezidikGabreil — December 15, 2009 @ 11:36 am
Now for anyone out there whom has a home theatre system
the perfect compliment to integrate with it is the MAC MINI
The price is fantastic and Steve Jobs has created another winner unlike Microsoft and its dismal failure again Windows Seven. Its VISTA with a few bandages.
Comment by MelchezidikGabreil — December 15, 2009 @ 11:44 am
hey can u tell me what index exactaly is. like how would dow or nasdaq rise in index
Comment by XxD3ADxTR33xX — December 15, 2009 @ 11:52 am
it will reach 10000 by the end of next week
Comment by hotelmoxa — December 15, 2009 @ 12:05 pm
Hope you weren’t shorting like crazy at the end of June chart boy.
Comment by Poejj — December 15, 2009 @ 12:50 pm
oops
Comment by chisaiwonder — December 15, 2009 @ 12:56 pm
oops
Comment by chisaiwonder — December 15, 2009 @ 12:58 pm
I agree, I think the bear market rally has run its course. Im not sure if we will make new lows though.
Comment by brettrobson1984 — December 15, 2009 @ 1:01 pm
As always a very interesting analysis by Asoka.
Many thanks.
Comment by richardgordon — December 15, 2009 @ 1:03 pm
SoulHarvest2012. Thanks for a very helpful comment. It’s useful feedback and helps me to focus on what people want to see.
As I write this, the Dow is now at 8319, having made a top yesterday on the 50% retracement to high. Would now expect to see the selloff continue in earnest as described in the video. Asoka
Comment by OnlineTradingRebel — December 15, 2009 @ 1:25 pm
0:40 Thank you soooo much. You wouldn’t believe the number of people who insist on boring you with the details, and frankly it’s excruciating to have to sit through. As if anyone who has been trading for more than a few weeks doesn’t know how to draw in sup and res.
Great video. Smooth. Clear. And to the point. You say what your opinion is, and then you explain why. Perfect! That’s just what I want to see.
Just added you to my subscription list. Thanks again.
Comment by soulharvest2012 — December 15, 2009 @ 2:23 pm
great work…keep up the great videos…from nikei bruce
Comment by bjmccullough — December 15, 2009 @ 2:33 pm
this dude is right look up FORCE MAJEURE on google. LOL funny thing is just type in FORCE and the rest will come up!!!! LOL google is a cia front!!!!! the illuminati have to tell you everything !remember one thing from me look up “georgia guidestones” and remember don’t take a RFID chip…. YAHWEH OR TRUE GOD!!!!!!!
Comment by dabberdan22 — December 15, 2009 @ 2:43 pm