Blog description

My photo
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.

Saturday, October 24, 2009

MO


Weekly chart showing a bearish engulfing reversal pattern. A lot of support at the 17.45 mark but a break there could mean next stop 16.50.


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

GS


May be stalling at 195 resistance to form shoulder to 162


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

BAC


Banks looking weak and breaking trendlines.


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

AMZN breakout tradable



So much for shorting AMZN above 95. It goes to show that you can't trust beating previously weak earnings. The 110.62 mark designates the gap up and the new line in the sand. It's safe to be long above this point long term with a target of 160. However, a failure of this mark would definitely mean a gap fill below the 100% fib line and most likely to 85. Can you say speculative out of the money play using leaps?

Jan 2011 $160 Calls = $7.70
Jan 2011 $85 Puts = $7.45


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

Wednesday, October 21, 2009

MO - Monthly


Shows why 18.35 level is so key.


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

$SPX





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

AAPL





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

Monday, October 19, 2009

MO





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