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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.

Monday, October 27, 2008

MO, SEE, MSFT, & QQQQ

Altria for the indulgence play is still searching for solid ground. The recent lows will be retested before any confident bull run will take place.
MO
SEE or Sealed Air may be a nice way to play the online retailers and shippers as they are a bubble wrap packaging system manufacturer that also supplies the meat industry with dry-pak packaging of meat products.
SEE
Now Mr. Softy is sporty a fairly significant H&S pattern. The thing is the right shoulder is lower than the left which normally indicates further downside risk. However, the likelihood of $24 hitting before more downside makes the most sense.
MSFT

And by looking at the QQQQ monthly more downside after a res bit.

QQQQ

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