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7 Responses
CITLALI
May 26th, 2008 at 12:35 am
1Hi Yega!,
Thank you for that nice compliment and your thoughts!
Regards and good trading!,
SnP
Fearnhamm
May 26th, 2008 at 12:35 am
2any thoughts on CHNG it looks like on the short term it had a double moving average crossover the 21 and 50 day. on the more intermediate term it also shows bullish price corss over the 21 day moving average using the weekly chart. but with the possibility of seeing the market moving below your blue line I did not know if it was a good idea.your input would be greatly appreciated.your videos are teaching me alot by the way keep up your wonderful work.Thanks.
Myrla
May 26th, 2008 at 12:35 am
3Great videos as always. But this rising wedge has me very concern. I am watching for the possible breakdown of 1380 which, when it happens my bearish hat will put on. Until then I am on the sidelines until this market gives me a direction from either side.
Haraford
May 26th, 2008 at 12:35 am
4E = exponential
Michaeline
May 26th, 2008 at 12:35 am
5Hey, great video as always. That initial S&P chart is from when, late 1998? I think the market had just bottomed from the banking crisis in Asia so then was out of kilter of the huge, irrational, boom in equities born from (amongst other things) the tech boom. I see no boom in equities to equal that right now, just a slowdown in US demand from the sub-prime fiasco causing a correction in already overbought markets. The hesitancy around those indicators is real enough though.
Thanks for the vids!
Katlynne
May 26th, 2008 at 12:35 am
6Better yet, permanently change all your videos to higher definition: go to
| Account | (on the top menu)
| More |
| Account |
| Video Playback Quality |
| o “I have a fast connection” |
| Save Settings |
SnP500Trader, thanks for doing these commentaries. I have learned a lot from them and look forward to future ones and your video-book. Do you think you could do a short introductory video, for your channel, about yourself, your trading history and philosophy?
Petrus
May 26th, 2008 at 12:35 am
7Great stuff again SnP! ! !
That blue moving average - is that the 20ema?
Even tho the the highs on that chart are 8 years apart, could that still be considered a giant double top formation? - if so, could that be another reason for longer term folks to have a bearish bias or is that too long of a time frame to really matter?
Thanks again SnP - excellent ! ! ! !
Steve
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