- 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.
Friday, March 19, 2010
Thursday, March 18, 2010
Wednesday, March 17, 2010
Tuesday, March 16, 2010
The cool thing about Think or Swim charting with Prophet Charts is you can easily do comparison or ratio charts to see how one entity may relate to another. Just screwing around I threw up a long term monthly chart of the Dow 30 and the S&P 500. I find it interesting that Fibonacci retracements are significant levels even on a ratio.
And by drawing the green trendline you can see that a major move will commence in the next 3 months as the trianlgle formed will be broken in one direction or the other.
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