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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, November 6, 2008

Wednesday, November 5, 2008

OIL and alternative....

OIL CS1700 10 YR Montly
OIL CS1700 daily

Oil could be turning higher with support at $55.50. I find it interesting that FSLR looks like a good short with a stop at the 0% fib line.

Tuesday, November 4, 2008

Tech - the old gaurd?




Do those first three charts look exactly like the QQQQ? What about GOOG? Can you say death spiral? The green line is first line of resistance on the bullis side, but I strongly believe any upside move can be shorted with confidence.

Monday, November 3, 2008

Inside day with NO volume

The election is tomorrow and I do not expect the market to behave any differently until Obama is declared the winner late Tuesday night. The Wednesday morning futures should be interesting. Until then the market will be a yawn-fest.