TSBTV#94 - Market View 8-23-2009
Posted on: August 23, 2009
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Each of the major averages marked new recovery highs with last Friday’s breakout, putting the bulls back in the driver’s seat.
However, we saw a bear trap take place on Monday with a false breakdown and immediate upside reversal. With recent history as our reminder, it’ll be very important that the bulls produce some rather immediate upside follow through in order to avoid the same fate. Clearly, that places some added emphasis on the coming week.
Here in Episode 94, we’ll examine the NAZ, S&P 500, and DJIA and discuss some important levels to monitor going forward. Hope you find it helpful!
(Be sure to click the full-screen option for best viewing.)
Hope you enjoy the show! Thanks for watching and subscribing, and feel free to post your ideas and comments down below.
Trade like a Bandit!
Jeff White
President, TheStockBandit, Inc.
www.TheStockBandit.com (Premium service)
www.TheStockBandit.net (Trading Blog)
