Berney; RE:" MRK "
>I really like MRK...
Yeah, I really like MRK, too. The monthly charts on the stox in the DRG.X sector are awesome. Tommy-G owns a lot of 'em.
>It has great patterns that seem to last weeks or months...
The Horizontal Support Lines and fibonacci retracements are quite regular intervals of +/- 6 points on my chart, Berney: 102/ 108/ (108 = 200d EMA) 114/ 120/ 126/ (126 = 50d MA) and 132/
The near-term target appears to be 113~114/. Using this level for the target, the minor fibonacci line at 117~118 appears. Resistance is now ~120/.
With Stochastics set at %K = 14 time periods, 2 slowing; %D = 3 time periods, method Time Series; upper bound set to 88 and lower bound set to 12 : MRK is way over-sold.
If he hits ~114 tomorrow, hell - I'd buy him right there, man! Load the Boat at ~108 and at ~102, Buy Another Boat! (^_^)
What's your T/A on MRK, Berney ?
-Steve
PS: BTW, I read the prospectus for the WEBS at the AMEX site, and each is based on some MCSI index - Morgan Stanley Capital International index. It follows an 80:20 structure, with "the top 10 components representing 80% of the capitalization weighting". It appears to be heavy into things like banks and telephone companies, etc. in each country.
I can't find any info about this little IXA.X "ADR Index" that I came across; dunno where the hell it comes from or what its structure is: all I know is that on the blow-off 12-JAN it was 280, and now it is at 380 - up 36%. No options listed :-( |
