Thanks for your efforts John!
I maintain a lot of FA data, of which you only saw a small portion. However, since all of my trades are short-term, I tend to do it for the academic exercise. In fact, it often gets in the way of a good trade when I don't like the FA.
Some of my notes to self:
BAMBI is sitting at 22 Bullish and 41 Bearish. To me this is not the sign of a bottom or a top; just the continuing meandering with a negative bias. 7 of the 8 drugs are bullish, 4/5 consumer staples, 2/2 energy, and, interestingly, 5/11 financials.
That said, $DRG had a Doji on the weekly, and a break below 385 would not be good. I personally feel that it has 6-10% to go, but that is talking to the chart.
$SOX is sitting on top of the weekly UTL (up trend line). A break below here would be serious.
I think that TM relayed my feelings on the SnP very well. I feel strongly that we'll get a short term pop to the upside, but where it turns is going to be more important than the pop.
As to some specific stocks:
AA-Sure looks to me like it broke a H&S at 62 with a projection to $33 (that would be a big ouch).
BA-TC (trading channel) projects to $44.
BAC-It could be a "W" BO (break out) with lower PP (pivot point) at $54.
C-I feel more comfortable with PP's at $58 and $62.
CAT-SDTL (strong down trend line) at ~$40 3/8.
CHV-SR (strong resistance) ~$95.
CMB-**Key to Financials** SDTL ~$72 3/4.
CPQ-SDTL ~$28 3/8.
CSCO-SDTL ~$58 3/4.
GM-Decent HS (horizontal support) at ~$70.
HD-HS ~$44.
INTC-Weekly Doji and DTL ~$122.
KO-Created lower PP ~$48.
LU-Definite lower PP ~$52.
MCD-Above $40 could explode upwards.
MSFT-Monthly LTL from 1989 is ~$58.
MWD-PP's $60 & $71.
PEP-Possible "W" BO.
PFE-Puppy should top ~$50.
S-TL & HS ~$35.
SBC-PP's ~$42 & $46/7.
WCOM-TC ~$36 to $44.
Just a few of my observations from the 18th floor. BWDIK!
TB |
