Free Market Video Feb 23 2011

February 23, 2011 by  
Filed under Free Market Videos

Feb 23 – The bears come through with some confirmation today and another good move down in the markets where they finally were able to break and close below the 20 day moving averages. The internals weren’t quite as strong in their confirmation today so while there is still a little caution that should be used I do believe a pat on the back for the bears is at least in order considering the thumping they’ve been taking lately. The NASDAQ has really been the whipping child lately and almost failed to stay above its 50 day moving average by the time the day finished. Three weeks of work by the bulls have basically been wiped clean in the past two days by the bears. What? You don’t’ know how to short the market? Time to invest in the mentoring education….these bear moves are a BLAST to play!

Comments

Tell us what you're thinking...
and oh, if you want a pic to show with your comment, go get a gravatar!