Thursday, June 18, 2009

Stock Market Video - Head and Shoulders Setups - 6/18/09

Hi traders - here's the video I mentioned last night in my blog post. I am not trading right now because I want to wait and see what this market does, but based on the setups I see, a bearish outcome seems much more likely, and I show you why in the video. The individual setups are also leaning heavily to the bearish side of the market, although a lot of them are not yet complete. I go over those as well in the video. Hope it helps you out a bit - good luck today if you are trading. I think the next few days are either going to be crazy or extremely boring - not something in the middle. Take care.

To download directly, right click the above link and "save link as".


Anonymous said...'re a great teacher! Look forward to your posts and videos every day.

Anonymous said...

Odd you should mention a HS formation ..ive been watching for it for weeks .The bounce of 1930 looks like a mirroe image of this one AND it ends with a perfect HS formation before it continues to new lows..been watching your post ,you seems to have a good handle on this market,lets see what we get like you said in the next few weeks..thanks for your work...Jim

Mac said...

Thanks guys for the kind words. I'll have to check out the 1930 chart in Telechart.