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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.

Thursday, December 4, 2008

Up for now.....

Is the bottom in? Well isn't that a question worth pondering? Not really.....
So 7,449 on the DOW 30 or $INDU is the bottom for now. So be it. Bottom line is 8,800 presents the tell tale line for the bull run of Obama 2009. Another could be Crude Oil per barrel bouncing off of LONG term 200 Month average of $45.08 per barrel.
Mere coincidence.....I think not.

So how about an old out performer: CALM

Yes, the NorthEastern Egg distributor has foretold the market over te last decade and is showing support at the 100% Fib line. Time for some CALLS. I like my eggs over EZ Money

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