- 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 26, 2010
On this long term quarterly I decided to zoom in and move the Fib retracement to the lows of 2003. Pretty interesting indeed. Notice how the 50 quarter SMA acted as support for at least nine months before the move higher in 2003. Now that blue line will be resistance.
I think I'll be adding more Leap Puts in thirds on blind moves above 1175, 1200 and 1225.
Thursday, March 25, 2010
Most are watching the Euro and US Dollar for a play on the commodoties. Basically a failure of 1.33 to hold as support will mean a further unwinding of long trades. This will ripple through Gold and Oil and their related stocks for some high volatility. Bottom line is still hinging on Greece and bailout talks.
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