Berney; RE:" Babette's BlueChip Banquet :-()"
Good for you, dude! Got first nibble on STT @ 62; we take first bite of SLB at 52-1/8, right ?
What a feast! And this is only the appetizer, Berney!
GM has an enormous Head&Shoulders formation on its weekly chart; neckline @ ~67 - head @ ~77 = ~57 potential downside target.
>a bunch of AIG, AHP and UTX today...
AIG = 1x88/2x84/3x80 buy and hold.
AHP, I look at MTC; when it hits ~52, AHP hits ~49.
UTX, gotta hold ~85; I prefer AIG, fer some reason (the split?)
>we need to get through Monday and the Prez situation and the next fed meeting next week, and will start seeing some damage control...
Connecting the lows on the DOW/S&P since APRIL, my chart says we slide on down that DownTrend Channel, with 8~9 week /\ cycles. The OEX-100 appears to be seeking ~500 eventually, down -14% from highs. But if the OEX can hold that ~520 level, the BigBoyz will go sideways, down -9% from highs. BWDIK ?
-Steve |
