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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, April 14, 2008

Patiently Waiting for PPI & CPI...

Markets are still range bound and oscilating near the middle of the YTD ranges. As10% plus haircut earnings from the likes of AA, UPS, & GE combine with additional writedowns in the billions from Wacovia the Bull fantasy is losing steam. Question is what will be the catalyst for the next major leg down? How about hot PPI (Tuesday pre-market)and CPI (Wednesday pre-market)? This should lend an interesting end to Options expiration week!