Quick video post: January 17th, 2009

January 17, 2009 – 4:51 am

Here is a quick vid with some key things to remember. I will make a real post and video for the next trading week sometime on Sunday or Monday. I am trying to improve the quality and host of the video as we speak so bear with me.

Original Video - More videos at TinyPic

  1. 3 Responses to “Quick video post: January 17th, 2009”

  2. WMT is a “retarded” buy.

    Come on man, use your head. Broken symmetrical triangles are not buy signals.

    By caliro121 on Jan 18, 2009

  3. Stephen,
    I have been drinking a little so bear with me…

    You’re right but think about it from a micro-economic perspective and technical perspective. I know you and I are very technically oriented, but you have to set that aside sometimes. Technical analysis is for the short term, not long term. For instance, I have attempted to short educational companies in the past, ESI, APOL and DV, with little success. Think about why….

    How could you not own Walmart at these levels? Support at the 500 day MA, strong support at an old resistance and the world’s largest discounter during a recession/depression? Come on now. The poor earnings outlook was a 10% gift to the bulls in my opinion. Even if I am wrong on the bullish side, My risk/reward is pretty large, with a crystal clear stop.

    By jmoon on Jan 19, 2009

  4. so far not looking good for tuesday futures are down

    By john on Jan 19, 2009

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