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.
Welcome back! Always look forward to your videos. Great work.
Craig,
I’d like to make a suggestion for your consideration that I think would help Stocktock grow exponentially, while adding to the usefulness.
1) On the homepage page separate pages:
a. General Commentary
b. TA and EW posts (Post only related to page)
c. Hot tips (Caveat emptor!)
d. Fundamentals
e. Rants and raves
By doing this, you will keep viewers that don’t like what they see in a certain blog role.
Also, the volume in each will be so low at first that you don’t have to post an “Intraday Commentary” every day. Just a “Viewers Blog” or something like that.
Doing this will increase your views 5 fold, while not chasing others away.
I know it is not all about traffic, but this will also keep the website very usefull and powerful. When one area of the blog slides, just change it a little to be more useful. Prune the bush and make it grow.
Separately, thanks for the chart, Idan. If SPX hits 839, I am shorting my own house.
Tom
its okay to be a bear in a bear market. and dont get sucked in by the market makers to get bullish before its time.
they love to leave you hanging above a key resistance level by end of day looking so bullish like a bird perched on a pole ready to soar to new heights. and then that bird jumps off and forgets it had its wings clipped.
that bird was perched nicely at 827.50 above all that resistance. geee… i wonder if it will open below 825-827 and below 824 or even below the 817-820 area and just simply get through all three before the market opens so all those who went long at end of day are wondering…. what did i do and run for the exits.
guess we’ll find out tomorrow.
Welcome back. I’ve often thought AAPL is a chartists best friend. Love those intraday swings.
Hey,
Thanks for the vid Idan! I always appreciate your input!
Kent