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Title: Stock Market Videos: Markets Flush To Head And Shoulder Target
Added: Aug 8, 2011
Author: inthemoneystocks
Duration: 9:8
Description:
The markets are dropping 4% across the board. This is on the back of the S&P downgrade from AAA to AA+. As the markets collapse, there is a bright spot. The S&P 500 hit the target of a head and shoulder pattern. This was at the 1145 level and may signal a short term bottom. While high risk, this may be the best chance for the markets to bounce. The bank stocks are taking the brunt of the drop today being lead by Bank of America. BAC is lower by 17% while JPM is down by over 8%. Semiconductors are taking the smallest hit with Intel (NASDAQ:INTC) only lower by 0.67%. This market is a blood bath, find out where the bottom will be by taking the seven day free trial to the Research Center and Intra Day Stock Chat. Join the pros as they maneuver through the toughest market since 2008.
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Channel: Entertainment
Tags: stocks markets investing daytrading dollar gold silver commodities forex swing trade intra day technical analysis inthemoneystocks penny stocks learn to trade educational watch list pro tips obama debt ceiling credit default spy fxe uup
stocks markets investing daytrading dollar gold silver commodities forex swing trade intra day technical analysis inthemoneystocks penny stocks learn to trade educational watch list pro tips obama debt ceiling credit default spy fxe uup
Youtube Comments: 7
tropicles1 Says:
Aug 8, 2011 - levels are levels, they are not road blocks. i think of levels as speed bumps, the speed you approach them with affects the potency. I learned that basic philosophy from an ITM slamming door analogy, and when you apply it with stops in place it helps for managing moves.
cantwinall Says:
Aug 8, 2011 - nicely said. this selling pressure comes in hard and fast
Bmx33606 Says:
Aug 8, 2011 - $115 on the SPY was not so much of a master level bottom line
Berbanke Says:
Aug 8, 2011 - LOL !!! These are POLAR BEARS and don`t F*&^$^K around !!! Bulls should try some bear mace tomorrow !.....By the way Bofa will close it door before ( just like WAMU ). """ THIS IS ONCE IN A CENTURY SITUATION """ AT LEAST GREENSPAN WAS RIGHT ON THAT ONE"
DemianHermann Says:
Aug 8, 2011 - Without the truth, there can be no real morality, justice, equality, success, freedom, love, security, peace, spirituality or even survival. If you are seeking the truth, search "Truth Contest" in Google, then open The Present on the homepage and read what it says.
carla01010101 Says:
Aug 8, 2011 - wtf? anyway, thanks for the vid G!
Bmx33606 Says:
Aug 8, 2011 - I thought the SPY at $115 was a master level. It does not appear to be regardless of the charts. Look at where the SPY is at now.