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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.

Friday, August 27, 2010

UNG - Getting Less expensive


Thinking about picking up some Leap Calls on Natural Gas in the next six months. Downside risk below $6 is minimal.


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

$SPX - weekly





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

Wednesday, August 25, 2010

$TNX - 10 year note


Sooner or later there will be no reason for China to buy the US debt. When that happens - game over


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

EUR/USD





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

TLT


Treasuries flying toward top.


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

Tuesday, August 24, 2010

BHI - monthly


Bear Flag or Bull flag? Each a year long, but the BEAR is BIGGER.

Two ways to trade:

Get short with a stop above $49
or
Get long with a stop below $37.75

If you choose the long side it may pay to take any profit quickly.

HAL - monthly

$SPX- H&S measured move target


Taking the height of the H&S pattern from November till now one can obtain a target of 870.

Monday, August 23, 2010