Principal Asset Development: 2/1/09

Friday, February 6, 2009

: $SPX

Well the 2 year math up
and then the 5 year matched up
s I went to the 10 year and have come to the conclusion that the S&P 500 could visit 610....

So my play book for the next 18 months is still short, but more aggressively so at anything close to S&P 900 or higher. Perhaps the 2nd wave up after the stimulus plan wil be the time?

For the Web's best interactive charts, please visit http://www.Prophet.Net

ProphetCharts: $SPX

Most interestng is this 90 day Fibonacci shown on a 9 month daily:

Fairly easy to see the range as 740 - 952...which we are currently at the botomside of the 50% retracement...

But notice yet another descending triangle formation...

Let's blow this up and see what it looks like on a 2 yr....

NEXT..

For the Web's best interactive charts, please visit http://www.Prophet.Net

$SPX

2 year daily:

Botoming process.....or......resbit before additional downard move?

For the Web's best interactive charts, please visit http://www.Prophet.Net

ProphetCharts: $SPX

Here is a 10 yr monthly:

Pretty easy to see the trading range bottom as 740-ish and upward resistance being found at the 5 month MA or 917 ich by the way is still falling...

For the Web's best interactive charts, please visit http://www.Prophet.Net

$SPX

Okay, let's take a lokat the general picture wth the S&P. her's a long-term look......

Looks like support at the 794 50% retracement line.
It is somewat significant that the most recent highs of 2007 WERE higher than the highs of 1999-2000.

So, plainly if we break support here and say make lowere lows t is pretty easy to see 610. OUCH...

For the Web's best interactive charts, please visit http://www.Prophet.Net

MRK

And yes I'm shorting MRK because I loathe drug companies.....Serioulsy, you can look at a drug company's balance sheet and chart and think, "why is this stock not at least 50% higher". And then you realize it's because they are run by bone-head CEO's who squander profits on fruitless R&D or take cash reserves to buy an empty pipeline and more fruitless R&D. Sorry for the rant, but if yo are new to this heed this advice; Stay AWAY from drugs unless you are SHORT or into PUTS, that's right, "Just say no".......

For the Web's best interactive charts, please visit http://www.Prophet.Net

SNH

Senior assisted living real estate investment trust......

For the Web's best interactive charts, please visit http://www.Prophet.Net

POT

And Potash is the ag play best in breed. How else are they going to feed the people in China?

For the Web's best interactive charts, please visit http://www.Prophet.Net

MA

C'mon...it's best in breed creit card.....how easy is it to see gravitation back to the green line? Uhhh let's see that's $160 to $260-280.....

For the Web's best interactive charts, please visit http://www.Prophet.Net

JASO

Again sticking with the energy up first bottom-fishing scenario...

For the Web's best interactive charts, please visit http://www.Prophet.Net

GS

Best in Breed will survive....and thrive....

For the Web's best interactive charts, please visit http://www.Prophet.Net

CHD

For the Web's best interactive charts, please visit http://www.Prophet.Net

Wednesday, February 4, 2009

BRK.A

Another look at Buffet

For the Web's best interactive charts, please visit http://www.Prophet.Net

BRK.A

And for the dreamers in the crowd....

Even Warrren Buffet is getting kicked around tese days.....

Perhaps the more he appears on CNBC the more we should short his stock......

For the Web's best interactive charts, please visit http://www.Prophet.Net