Comments on: June 11, 2008 Stock Market Recap http://tradermike.net/2008/06/june_11_2008_stock_market_recap/ Trading, Stocks, Stock Market, Money Mangement & Risk Management Fri, 21 Nov 2008 13:53:24 +0000 http://wordpress.org/?v=2.6.3 By: Anthony http://tradermike.net/2008/06/june_11_2008_stock_market_recap/#comment-9447 Anthony Thu, 12 Jun 2008 12:36:57 +0000 http://tradermike.net/2008/06/june_11_2008_stock_market_recap/#comment-9447 Mike, I was in 100% agreement with your charts, but the market is decisively higher this morning. Is it a good fade setup? What do you think? -Anthony Mike,
I was in 100% agreement with your charts, but the market is decisively higher this morning. Is it a good fade setup?

What do you think?
-Anthony

]]> By: Declan Fallon http://tradermike.net/2008/06/june_11_2008_stock_market_recap/#comment-9446 Declan Fallon Thu, 12 Jun 2008 08:35:00 +0000 http://tradermike.net/2008/06/june_11_2008_stock_market_recap/#comment-9446 Adding to the Transports woes was the diamond top. As an aside, I know you are not a big fan of the Dow - but to see it struggle so far below its 50-day MA can't be good news for the other indices. The tough love in the semiconductors which finished at the February reaction high (support) probably means test of 1,864 for the Nasdaq 100 - although the Nasdaq has already violated February high support. Best wishes, Declan Adding to the Transports woes was the diamond top.

As an aside, I know you are not a big fan of the Dow - but to see it struggle so far below its 50-day MA can’t be good news for the other indices.

The tough love in the semiconductors which finished at the February reaction high (support) probably means test of 1,864 for the Nasdaq 100 - although the Nasdaq has already violated February high support.

Best wishes,
Declan

]]> By: FlyingWabbit http://tradermike.net/2008/06/june_11_2008_stock_market_recap/#comment-9444 FlyingWabbit Thu, 12 Jun 2008 06:55:19 +0000 http://tradermike.net/2008/06/june_11_2008_stock_market_recap/#comment-9444 Mike: thanks for the charts and analysis. if you get chance, check out my post on the bottom fishing strategy amid the current market conditions. regards, fw Mike:
thanks for the charts and analysis. if you get chance, check out my post on the bottom fishing strategy amid the current market conditions.

regards,

fw

]]> By: Blain Reinkensmeyer http://tradermike.net/2008/06/june_11_2008_stock_market_recap/#comment-9443 Blain Reinkensmeyer Thu, 12 Jun 2008 03:19:54 +0000 http://tradermike.net/2008/06/june_11_2008_stock_market_recap/#comment-9443 Great charts Mike. Always fun watching significant drops when you are in 100% cash. Still hard to believe how fast this all came on. Good luck to all the longs. Great charts Mike. Always fun watching significant drops when you are in 100% cash. Still hard to believe how fast this all came on. Good luck to all the longs.

]]> By: Michael http://tradermike.net/2008/06/june_11_2008_stock_market_recap/#comment-9442 Michael Thu, 12 Jun 2008 01:26:31 +0000 http://tradermike.net/2008/06/june_11_2008_stock_market_recap/#comment-9442 Good point about the old all-time high on the Dow. It's also interesting that the S&P peaked last year at its old all-time high from back in 2000. This will be the decade of chop. Good point about the old all-time high on the Dow. It’s also interesting that the S&P peaked last year at its old all-time high from back in 2000. This will be the decade of chop.

]]> By: Dr. Duru http://tradermike.net/2008/06/june_11_2008_stock_market_recap/#comment-9441 Dr. Duru Thu, 12 Jun 2008 00:36:03 +0000 http://tradermike.net/2008/06/june_11_2008_stock_market_recap/#comment-9441 For the Dow, the other interesting thing to watch is whether we finally get confirmation of a false break-out from the former all-time highs. We first broke to the upside to new all-time highs in 2006. It served as approximate support twice this year. Not that I care about the Dow of course... ;) For the Dow, the other interesting thing to watch is whether we finally get confirmation of a false break-out from the former all-time highs. We first broke to the upside to new all-time highs in 2006. It served as approximate support twice this year.
Not that I care about the Dow of course… ;)

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