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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.

Saturday, August 30, 2008

Deee-fense wins championships.........

Defense stocks are poised for action as Russia pushes their chips in on NATO's table. Here is the Aerospace and Defense protfolio ETF touting a bullish ascending wedge. The cool thing about this is the tight stop that can be set just below the Fib line.
General Dynamics seriving the coffe at the table in this cup an handle formation. Again a fairly tight stop at the Fib line.
Raytheon....well enough said....
If you have not seen the Wallstrip video blog on GD it is worth a look.

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