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A place for friends to gather and view stock market charts, discuss technical analysis and market outlook. What is your Principal Asset? How can it be developed? Each and all should do their own due dilligence and homework before investing. And by no means should you use anything I say or show here as a sole basis to buy or sell securities as everything is for educational experience only.

Friday, February 8, 2008

ETFC: Are you Freaking Crazy?

Definitely a very speculative play, but hey somebody has already double-upped plus from the bottom of $2.10. The 15-Day SMA - 4.19 has crossed the 50-Day SMA - 3.80 and appears to be turning higher. The 200-day SMA is will not be in play for sometime so one we will have to rely on the Fib levels.

Looking at the 5 year you can get a sense of the dramatic sell-off that took place. A positve note is that ETFC is about to break that downward spiral of a channel. Maybe. It could very well retreat to the lows.

The Magic # appears to be $5.50 and ETFC could tear up to $6.35 then $7.35.

A possible entry here would be $4.60-4.75 with a tight Stop @ $4.25. Hmmmmm, is that stop level a coincidence? Exactly a double from the bottom less trading fees.


5 Year
9 Month

3 Month
1 Month

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