Posted on Friday, 21st November 2008 by Steve Warshaw

With the 8000 support level succumbing to downward pressure, the bottom targets for all 3 major indicies has to be revised downward. In my article "When Will the S&P 500 and Dow Jones Bear Market Hit Bottom?," I made the predication that the bottom would come around May, 2009. I made that prediction with the belief that [...]

Tags: analysis, beark, bottom, djia, dow, dow jones, techincal anlaysis, trend, video
Posted in Market Updates, Technical Analysis | Comments (0)

Posted on Tuesday, 18th November 2008 by Steve Warshaw

I was looking over several charts this past weekend and I was shocked to recognize a chart formation playing out before my very eyes. I’ve seen this same formation a million times before, but I just didn’t want to believe it could be happening to my favorite stock, Apple (NASDAQ_AAPL). Some would call this denial.
Several [...]

Tags: aapl, appl, apple, pattern, short, stock pick, Technical
Posted in Stock Picks & Tips, Technical Analysis | Comments (0)

Posted on Tuesday, 11th November 2008 by Steve Warshaw

In the process of creating videos for my new eBook, I came across a killer short pick: Comcast.
Technical Analysis
The first thing I noticed about the daily chart is that today formed a very large bearish engulfing candlestick pattern. Second is that there is huge divergence with the Accumulation / Distribution indicator. Third, there is significant divergence in [...]

Tags: bearish, cmcsa, comcast, short
Posted in Stock Picks & Tips, Technical Analysis | Comments (0)