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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.

Wednesday, August 20, 2008

MO and CALM update

MO is shaping up nicely for some call leaps.
CALM the egg producer is being rumoured on a buyout, but here again is a lesson in fibonacci levels....... Check out the nice cup with a handle at the 100% line down to the 78.6% retracement for the handle and then BOOM explosion up to the 161.8% line. WOW.

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