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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, November 27, 2009

MO





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SPY





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DIA


Possible targets as the Dubai news may take the wind from the bull run sail for now.


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GS


HUGE inverted H&S with a close stop. Long into December...


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Thursday, November 19, 2009

VIX





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Tuesday, November 17, 2009

GLD





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Monday, November 16, 2009

$INDU





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Sunday, November 15, 2009

INDU





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$SPX





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Thursday, November 12, 2009

Wednesday, November 11, 2009

$SPX





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PCLN





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Sunday, November 8, 2009

Wednesday, November 4, 2009

QCOM


Looks like a year long H&S pattern, but I'm wondering if it holds support at the convergence of the moving averages and the fib line at 40.67.

I'm long with a stop of 40.45


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Monday, November 2, 2009

$SPX kiss


Today's move was a kiss of the underside of the trend looking for fall away from line this week.


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Saturday, October 31, 2009

$SPX


As bad as it was Friday this market is still in chop mode and the US Dollar holds the steering wheel. The scenario of a sell-off closing out Oct and beginning November only to rip up to close out the year in December appears to be coming to fruition.

I'll be looking for the selling to subside next week to get back long with a stop below the 1014 fib line.


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BIDU


Set an alert on BIDU to get short near 400


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RIMM


Stopped out earlier in the week and looking for a bounce to get long at $57.50 with a VERY tight stop.


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