Stock Option Trading System

Hey guys,

Today i only focus on the SPY and give you my ultimate trade. Where I plan to go short, and where i tell people to be-careful in going short. I analyze the markets based on the rising channel which has been very evident to me. The 38.2% retracement is only 0.5% away and with such an overbought condition (never seen before) the next strong move will probably be to the downside.

Play the channel, don’t be foolish.

Best,

Idan Koren

Duration : 0:4:49

Technorati Tags: 03, 08, 08-03-09, 08/03/2009, 08/04/2009, 09, 500, AAPL, Alpha, analysis, august, Basics, big, Brian, bull, chart, Charts, dollar, Elliot, FTV, gas, gold, GOOG, GS, how, Idan, Investor, july, Koren, Learn, learning, market, marketguru, money, oil, option, raging, read, Resistance, Shannon, SNP, SPY, srs, stock, stocktock, street, Support, TA, technical, to, Tony, trade, trading, Trends, ung, wall, Wave, wets, XLF

7 Responses to “Options and Stock Market Technical Chart Analysis for August 3, 2009 by Idan Koren”