Experienced traders and investors analyzing markets on daily basis knew this in the beginning of August 2011. The market started this process of reversal in February 2011. we went sideways and we were creating a head and shoulders pattern (see my previous posts speaking about it during June and July, when this was becoming more Continue reading →



Archive for 2011
Korea Halts Trading After 5% Slump
South Korean shares opened sharply lower Tuesday as investors offloaded stocks following a slide on Wall Street and amid concerns that Greece is slipping closer to a default. The Korea Exchange briefly halted program trading to alleviate some of the selling momentum after the main Korea Composite Stock Price Index share index fell over 5%. Continue reading →
SPY – will support hold?
Today’s trading will be crucial. The market opened at its support line at $112 level. Will it hold this support or will we break it? If we hold, we may spike back up and stay in the corrective pattern. If we however close below this support line, the market will be poised to slump down Continue reading →
Stocks set to dip on fresh fears about Greece

By CNNMoney staff October 3, 2011: 7:39 AM ET Premarkets. NEW YORK (CNNMoney) — On the first trading day of the fourth quarter, U.S. stocks were poised to fall at the open; following a sell off in world markets, as investors fret over Greece’s ability to avoid default and a slowing global economy. Dow Jones Continue reading →
Market ends third quarter with heavy losses

As I wrote in my previous post, investors were just buying a pure wishful thinking, hoping for better times, improvement and trying to avoid recession (in their thoughts). Although some data from US came better than expected, they weren’t strong enough to offset bad data from Europe. So watch the European debt crisis, since it Continue reading →
Stocks end with intraday losses
As I was expecting a few hours ago, this market wasn’t strong enough to sustain the gains and closed lower on intraday basis. SPY opened at $118.53 and closed the day at $117.55, not a huge loss, but an evidence of losing steam. Also periodicals are speaking about downside risks outweighing upside. I will see Continue reading →
The market continues up on hopes and wishfull thinking
Investors are tired, exhausted and frustrated seeing the market tanking for this long time without any bright light at the end of the tunnel. Therefore they are literally buying any news and today is a great example of them trying to convince themselves that we are out of the forest and we will be growing Continue reading →
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