TSBTV#31 - Fish in a Barrel?
Posted on: March 9, 2009
Lately the bears have just been killing it, and if you don’t know what I mean just take a look at the S&P 500. It’s been down 13 of the last 16 sessions. I’d call that almost total domination!
Shorting every rally (or bounce) has been working extremely well, and it has almost gotten too easy. Has it? Bulls have been trapped and eager to sell on literally any bounce, adding to their own troubles.
But just like everything else in the market, it’s only here for a limited time. At some point, a bounce is going to come, and the fewer there are expecting it, the bigger it’s going to be.
So here in Episode 31, we’ll take a look at an important level to watch in the next few days, because if crossed, it may provide the spark to ignite a sharp counter-trend rally.
(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)
March 10th, 2009 at 5:09 pm
[...] major bounce which was discussed in Episode 31 arrived today, and it was impressive. Many stocks rallied big from deeply oversold levels, but [...]