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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.

Thursday, August 7, 2008

AMGN blast rolling over

The 5 year weekly chart shows the fall and retracement. This marks some fairly close entry and stop marks for a PUT trade.
The daily chart magnifies things a bit in relation to the fib levels.

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