Video Update ~ 07/11/2010

By

FocalEquity

– July 11, 2010Posted in: Intraday Commentary, Videos

Today we look at the SPY and the Dow Jones to look at possible levels where the market
could reverse.

While it’s too early to tell where the market will go, we provide the important levels for
shorters and buyers to trade this market.

About FocalEquity

Sun Tze is one of the founders of FocalEquity.com. After going through multiple transitions, Tze, Charlie Cheng and their new team are bringing new changes and features to the new FocalEquity.com in 2011. Tze is specialized in financial modeling and has a masters degree in Finance.

3 Comments

1. stockman

   Posted July 11, 2010 at 10:47 PM

   Idan, Check this out.

   http://1.bp.blogspot.com/_RZ_mL2cRGpk/TCoWI6j5y5I/AAAAAAAADew/IImMoAa1lhk/s1600/dow+1930s+%231.png

   to tell you the truth, i think we are really close to the top. The VIX is about to hit its support on the 200 dma. I highly doubt it will break under that.

   • Idan

     Posted July 11, 2010 at 10:58 PM

     Well that makes sense, i’m not negating anything in this video, i’m just pointing up the levels.

     • stockman

       Posted July 11, 2010 at 11:33 PM

       how accurate do you think the article is? I thought the 1930′s similarity comparison was over after the market rallied for a year, the time frames are different, but boy are they similar in trend. Thanks Idan!

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