Stock Market Trading And Analysis for 06/11/2008

Two consolidation days have now passed…So where do we go from here? Let’s take a look! Thisvideo series is geared towards Investors, Swing Traders, and ultimately Day Traders who want to be armed with key observations for the upcoming major market move that will be happening shortly! Remember: You will consistently hear me reference previous videos during my nightly presentation. That’s because each new video builds upon the last as we demonstrate real world trading and investment analysis. Take the time to review all of our videos to expand your market awareness! You’re welcome to subscribe to our videos to keep up to date on the latest market analysis and techniques. Over 700+ of your fellow traders have done just that. If you want to be armed with the same education as them, subscribe. Don’t worry, we in no way shape or form, spam our subscribers. You become like family to us! Important disclaimer and reminder for all Traders and Investors! These videos are for educational purposes only. Equities, Futures, Options, and Currency Trading have large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Absolutely do not trade with money you can’t afford to lose. This website is neither a solicitation nor an offer to Buy/Sell equities, futures or options. No representation is being made that any account will or is likely to achieve profits or losses similar to

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18 thoughts on “Stock Market Trading And Analysis for 06/11/2008”

  1. Hi SnP

    Thanks for all your efforts, great videos.

    Thanks to you third profitable trade on the trot. 37 pips from daily support pivot to your 1342 in 5 mins.

    Looking forward to the new website.

    Regards

    Kevin

  2. Hi there Chris!,

    You have an email my friend! 🙂

    Regards and good trading!,

    SnP

  3. Hi Real Appraise!,

    Thank you for your compliment and sharing your thoughts, trials, and tribulations!

    While I’m sorry not following your plan caused you discomfort today, I am very glad to see that you know exactly what attributed to that! You’re not in denial (by blaming the markets and that they’ree out to get you), and that gives you every opportunity to quick back on track quickly!

    Regards and good trading!,

    SnP

    P.S. I should be announcing the website url by next Monday!

  4. Hi there Grandpa Bill!,

    Thank you very kindly as always! Yeap, Fletches is the one I’m referring to sir!

    Regards and good trading to you!,

    SnP

  5. Hi Dell,

    Click on Fletch’s name. I believe he has instructions in his channel comments section posted 06/02/2008.

    Regards and good trading!,

    SnP

  6. Hi Fletch!,

    You’re very welcome! I’m looking forward to working together even more closely as we move forward!

    Regards and good trading to you as always!,

    SnP

  7. Hi there Steve (Part two), 🙂

    Thank you for such nice compliments and reaffirming that our time together has benefited you significantly!

    Regards and good trading as always!,

    SnP

  8. I will have to go back and find those support and res videos! I really enjoyed todays video in HDTV..thanks again!

    Chris

  9. I got burned pretty bad today jumping in and not wanting to miss the move to the upside. got in on sso too late, 70.24 and it quickly turned around when it hit the 1367. My plan was to trade the trend, which was down, and short resistance. Well, I got excited and didn’t follow MY plan. If would have followed the plan I would have shorted or bought sds as the 1367 and would be much happier today. SNP500, your advice is sound. Please let us know when u have the website up and running!!

  10. Hey SNP
    Another great video-even with the markets volatility you have shown the #’s work.
    I still go back to the old videos to refresh, I don’t have 15 years.
    Is real time chat room Fletches?
    Looking forward to web site.
    Thanks again, Grandpa Bill,Ca

  11. SnP-

    Thanks for giving that 1367 number in the chat room today. I know a few people used it as a target and someone put a short on there, thanks to you!

    Fletch

  12. LOL, I do what I can to be part of the surprise now, since learning from you for the last 4 months!

    Thank you for caring!!! But no worries, since you came along, I found out how to make some of my best profits by simply not losing on those surprises lol.

    Dude, you are one amazing individual, please keep on doing what you’re doing!!!!

    Steve

  13. Hi there Donnie!

    Easy there wild man! I use eSignal 🙂

    Regards and good trading!,

    SnP

  14. Hi there Steve!,

    A break of 1348 certainly would be no surprise! Rallying to and breaking through 1372.50 area would certainly be the surprise.

    That could lead to a great deal of short covering, people declaring the Bear Market dead (for the millionth time) and so on. So either of those breaks will likely inspire so frenzied trade, which can significantly line your coffers assuming you weren’t the one getting surprised! (You better not be!)

    Regards and good trading as always!

    SnP

  15. EXCELLENT ADVICE SnP re: “Make sure to take your trade for the right reason” ! ! !

    In my opinion, THAT is what determines profit or loss and we need to hear that!!!!

    Question: Prior to “thee move”, if we grind up to major resistance of say 1372.00ish, would the surprise be to the upside?

    Vise versa if we grind to a major support of say 1348.00ish, would suprise be to the downside?

    How do you work this thing?

    As always, THANK YOU SnP!!!!!!!!

    Steve

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